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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES        
Total revenues $ 224,200 $ 250,187 $ 454,435 $ 497,907
OPERATING EXPENSES        
Depreciation and amortization 91,924 97,485 185,489 190,033
General and administrative expenses 12,124 13,882 22,493 25,237
Other expenses, net 4,209 4,366 9,912 7,324
Total operating expenses 184,096 200,826 372,917 395,169
Interest income 3,065 2,884 5,791 5,056
Interest expense (39,541) (49,906) (80,950) (97,701)
Gain on dispositions of real estate 64,310 310 355,783 53,505
Other, net 231 200 303 424
Income before income tax benefit (expense) 68,169 2,849 362,445 64,022
Income tax benefit (expense) 1,827 4,307 (1,154) 38,824
Net income 69,996 7,156 361,291 102,846
Noncontrolling interests:        
Net income attributable to noncontrolling interests in consolidated real estate partnerships (70) (45) (161) (6,251)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,933) (1,934) (3,867) (3,871)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (3,534) (140) (18,671) (3,895)
Net income attributable to noncontrolling interests (5,537) (2,119) (22,699) (14,017)
Net income attributable to the company 64,459 5,037 338,592 88,829
Net income attributable to the company's preferred equity holders (5,187) (2,149) (7,335) (4,297)
Net income attributable to participating securities (38) (71) (455) (190)
Net income attributable to the company's common equity holders $ 59,234 $ 2,817 $ 330,802 $ 84,342
Net income attributable to the company per common share/unit - basic $ 0.40 $ 0.02 $ 2.25 $ 0.56
Net income attributable to the company per common share/unit - diluted $ 0.40 $ 0.02 $ 2.25 $ 0.55
Weighted average common shares/units outstanding - basic 148,367 151,963 146,994 151,918
Weighted average common shares/units outstanding - diluted 148,599 152,093 147,220 152,048
AIMCO Properties, LP [Member]        
REVENUES        
Total revenues $ 224,200 $ 250,187 $ 454,435 $ 497,907
OPERATING EXPENSES        
Depreciation and amortization 91,924 97,485 185,489 190,033
General and administrative expenses 12,124 13,882 22,493 25,237
Other expenses, net 4,209 4,366 9,912 7,324
Total operating expenses 184,096 200,826 372,917 395,169
Interest income 3,065 2,884 5,791 5,056
Interest expense (39,541) (49,906) (80,950) (97,701)
Gain on dispositions of real estate 64,310 310 355,783 53,505
Other, net 231 200 303 424
Income before income tax benefit (expense) 68,169 2,849 362,445 64,022
Income tax benefit (expense) 1,827 4,307 (1,154) 38,824
Net income 69,996 7,156 361,291 102,846
Noncontrolling interests:        
Net income attributable to noncontrolling interests in consolidated real estate partnerships (70) (45) (161) (6,251)
Net income attributable to the company 69,926 7,111 361,130 96,595
Net income attributable to the company's preferred equity holders (7,120) (4,083) (11,202) (8,168)
Net income attributable to participating securities 11 (79) (472) (204)
Net income attributable to the company's common equity holders $ 62,817 $ 2,949 $ 349,456 $ 88,223
Net income attributable to the company per common share/unit - basic and diluted $ 0.40 $ 0.02 $ 2.25 $ 0.55
Weighted average common shares/units outstanding - basic 156,637 159,709 155,158 159,289
Weighted average common shares/units outstanding - diluted 157,018 159,835 155,517 159,418
Real Estate [Member]        
REVENUES        
Total revenues $ 224,200 $ 231,130 $ 454,435 $ 456,523
OPERATING EXPENSES        
Property operating expenses 75,839 76,031 155,023 154,318
Real Estate [Member] | AIMCO Properties, LP [Member]        
REVENUES        
Total revenues 224,200 231,130 454,435 456,523
OPERATING EXPENSES        
Property operating expenses 75,839 76,031 155,023 154,318
Asset Management Business [Member]        
REVENUES        
Total revenues 0 19,057 0 41,384
OPERATING EXPENSES        
Property operating expenses 0 9,062 0 18,257
Asset Management Business [Member] | AIMCO Properties, LP [Member]        
REVENUES        
Total revenues 0 19,057 0 41,384
OPERATING EXPENSES        
Property operating expenses $ 0 $ 9,062 $ 0 $ 18,257