Unaudited Summarized Consolidated Quarterly Information

Aimco

Aimco’s summarized unaudited consolidated quarterly information for 2013 and 2012 is provided below (in thousands, except per share amounts).



	Quarter (1)
2013	First			Second			Third			Fourth
Total revenues	$	237,504		$	241,744		$	243,943		$	250,862
Total operating expenses	(184,864		)	(183,033		)	(179,430		)	(177,707		)
Operating income	52,640			58,711			64,513			73,155
(Loss) income from continuing operations	(1,662		)	2,477			6,977			26,804
Income from discontinued operations, net	4,495			4,502			72,433			121,799
Net income	2,833			6,979			79,410			148,603
Net income attributable to Aimco common stockholders	$	5,050		$	10,107		$	66,268		$	122,037
Earnings (loss) per common share - basic and diluted:
(Loss) income from continuing operations attributable to Aimco common stockholders	$	(0.01	)	$	0.01		$	0.04		$	0.25
Net income attributable to Aimco common stockholders	$	0.03		$	0.07		$	0.46		$	0.84
Weighted average common shares outstanding - basic	145,169			145,321			145,334			145,341
Weighted average common shares outstanding - diluted	145,169			145,674			145,563			145,499



	Quarter (1)
2012	First			Second			Third			Fourth
Total revenues	$	231,748		$	236,085		$	242,973		$	247,705
Total operating expenses	(199,743		)	(190,343		)	(197,071		)	(192,338		)
Operating income	32,005			45,742			45,902			55,367
(Loss) income from continuing operations	(26,294		)	(5,670		)	5,369			7,839
Income from discontinued operations, net	36,941			39,801			47,966			89,409
Net income	10,647			34,131			53,335			97,248
Net (loss) income attributable to Aimco common stockholders	$	(10,609	)	$	523		$	24,163		$	67,928
Loss per common share - basic and diluted:
Loss from continuing operations attributable to Aimco common stockholders	$	(0.30	)	$	(0.25	)	$	(0.07	)	$	(0.01	)
Net (loss) income attributable to Aimco common stockholders	$	(0.09	)	$	—		$	0.17		$	0.47
Weighted average common shares outstanding - basic and diluted	120,526			127,395			144,959			145,035

The Aimco Operating Partnership

The Aimco Operating Partnership’s summarized unaudited consolidated quarterly information for 2013 and 2012 is provided below (in thousands, except per share amounts).



	Quarter (1)
2013	First			Second			Third			Fourth
Total revenues	$	237,504		$	241,744		$	243,943		$	250,862
Total operating expenses	(184,864		)	(183,033		)	(179,430		)	(177,707		)
Operating income	52,640			58,711			64,513			73,155
(Loss) income from continuing operations	(1,662		)	2,477			6,977			26,804
Income from discontinued operations, net	4,495			4,502			72,433			121,799
Net income	2,833			6,979			79,410			148,603
Net income attributable to the Partnership’s common unitholders	$	5,347		$	10,682		$	70,064		$	129,008
Earnings (loss) per common unit - basic and diluted:
(Loss) income from continuing operations attributable to the Partnership’s common unitholders	$	(0.01	)	$	0.01		$	0.04		$	0.25
Net income attributable to the Partnership’s common unitholders	$	0.03		$	0.07		$	0.46		$	0.84
Weighted average common units outstanding - basic	153,169			153,294			153,287			153,276
Weighted average common units outstanding - diluted	153,169			153,647			153,516			153,434



	Quarter (1)
2012	First			Second			Third			Fourth
Total revenues	$	231,748		$	236,085		$	242,973		$	247,705
Total operating expenses	(199,743		)	(190,343		)	(197,071		)	(192,338		)
Operating income	32,005			45,742			45,902			55,367
(Loss) income from continuing operations	(26,294		)	(5,670		)	5,369			7,839
Income from discontinued operations, net	36,941			39,801			47,966			89,409
Net income	10,647			34,131			53,335			97,248
Net (loss) income attributable to the Partnership’s common unitholders	$	(11,346	)	$	578		$	25,774		$	72,190
Loss per common unit - basic and diluted:
Loss from continuing operations attributable to the Partnership’s common unitholders	$	(0.30	)	$	(0.25	)	$	(0.07	)	$	(0.01	)
Net (loss) income attributable to the Partnership’s common unitholders	$	(0.09	)	$	—		$	0.17		$	0.47
Weighted average common units outstanding - basic and diluted	128,729			135,622			152,997			153,107


(1)	Certain reclassifications have been made to 2013 and 2012 quarterly amounts to conform to the full year 2013 presentation, primarily related to treatment of discontinued operations.