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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES        
Rental and other property revenues $ 42,893 $ 37,328 $ 123,115 $ 112,802
OPERATING EXPENSES        
Property operating expenses 18,155 15,151 51,500 45,822
Depreciation and amortization 21,709 19,296 63,065 57,673
General and administrative expenses 8,868 1,552 22,562 4,939
Total operating expenses 48,732 35,999 137,127 108,434
Interest expense (12,680) (7,103) (37,995) (18,563)
Mezzanine investment income, net 7,636 6,870 22,654 20,553
Unrealized gains (losses) on interest rate options 2,231 (998) 10,608 (2,078)
Other income (expense), net 1,785 (775) 5,066 (1,344)
(Loss) income before income tax benefit (6,867) (677) (13,679) 2,936
Income tax benefit 2,021 2,673 9,881 6,728
Net (loss) income (4,846) 1,996 (3,798) 9,664
Noncontrolling interests:        
Net (income) loss attributable to redeemable noncontrolling interest in consolidated real estate partnership (127) 121 (41) 349
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (296) 1 (862) (4)
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership 253 (107) 209 (507)
Net (loss) income attributable to Aimco $ (5,016) $ 2,011 $ (4,492) $ 9,502
Net (loss) income attributable to Aimco per common share – basic (Note 6) $ (0.03) $ 0.01 $ (0.03) $ 0.06
Net (loss) income attributable to Aimco per common share – diluted (Note 6) $ (0.03) $ 0.01 $ (0.03) $ 0.06
Weighted average common shares/units outstanding - basic 149,762 148,549 149,517 148,549
Weighted average common shares/units outstanding - diluted 149,762 148,569 149,517 148,569
Net (loss) income attributable to Aimco $ (5,016) $ 2,011 $ (4,492) $ 9,502
Aimco OP L.P. [Member]        
REVENUES        
Rental and other property revenues 42,893 37,328 123,115 112,802
OPERATING EXPENSES        
Property operating expenses 18,155 15,151 51,500 45,822
Depreciation and amortization 21,709 19,296 63,065 57,673
General and administrative expenses 8,868 1,552 22,562 4,939
Total operating expenses 48,732 35,999 137,127 108,434
Interest expense (12,680) (7,103) (37,995) (18,563)
Mezzanine investment income, net 7,636 6,870 22,654 20,553
Unrealized gains (losses) on interest rate options 2,231 (998) 10,608 (2,078)
Other income (expense), net 1,785 (775) 5,066 (1,344)
(Loss) income before income tax benefit (6,867) (677) (13,679) 2,936
Income tax benefit 2,021 2,673 9,881 6,728
Net (loss) income (4,846) 1,996 (3,798) 9,664
Noncontrolling interests:        
Net (income) loss attributable to redeemable noncontrolling interest in consolidated real estate partnership (127) 121 (41) 349
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (296) 1 (862) (4)
Net (loss) income attributable to Aimco $ (5,269) $ 2,118 $ (4,701) $ 10,009
Net (loss) income attributable to Aimco per common share – basic (Note 6) $ (0.03) $ 0.01 $ (0.03) $ 0.06
Net (loss) income attributable to Aimco per common share – diluted (Note 6) $ (0.03) $ 0.01 $ (0.03) $ 0.06
Weighted average common shares/units outstanding - basic 157,806 156,480 157,873 156,480
Weighted average common shares/units outstanding - diluted 157,806 156,500 157,873 156,500
Net (loss) income attributable to Aimco $ (5,269) $ 2,118 $ (4,701) $ 10,009