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Earnings (Loss) per Share/Unit (Tables)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share  
Earnings (Loss) per Share/Unit
The following table illustrates Aimco’s calculation of basic and diluted earnings (loss) per share for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share data):
 
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
34,596

 
$
(18,756
)
 
$
(136,237
)
Loss (income) from continuing operations attributable to noncontrolling interests
10,555

 
(11,034
)
 
36,455

Income attributable to preferred stockholders
(2,804
)
 
(49,888
)
 
(45,852
)
Income attributable to participating securities
(813
)
 
(422
)
 
(222
)
Income (loss) from continuing operations attributable to Aimco common stockholders
$
41,534

 
$
(80,100
)
 
$
(145,856
)
Income from discontinued operations
$
203,229

 
$
214,117

 
$
78,073

Income from discontinued operations attributable to noncontrolling interests
(41,090
)
 
(51,871
)
 
(35,378
)
Income from discontinued operations attributable to Aimco common stockholders
$
162,139

 
$
162,246

 
$
42,695

Net income (loss)
$
237,825

 
$
195,361

 
$
(58,164
)
Net (income) loss attributable to noncontrolling interests
(30,535
)
 
(62,905
)
 
1,077

Net income attributable to preferred stockholders
(2,804
)
 
(49,888
)
 
(45,852
)
Net income attributable to participating securities
(813
)
 
(422
)
 
(222
)
Net income (loss) attributable to Aimco common stockholders
$
203,673

 
$
82,146

 
$
(103,161
)
Denominator:
 
 
 
 
 
Weighted average common shares outstanding – basic
145,291

 
134,479

 
119,312

Dilutive potential common shares
241

 
—

 
—

Weighted average common shares outstanding – diluted
145,532

 
134,479

 
119,312

Earnings (loss) per common share – basic and diluted:
 
 
 
 
 
Income (loss) from continuing operations attributable to Aimco common stockholders
$
0.29

 
$
(0.60
)
 
$
(1.22
)
Income from discontinued operations attributable to Aimco common stockholders
1.11

 
1.21

 
0.36

Net income (loss) attributable to Aimco common stockholders
$
1.40

 
$
0.61

 
$
(0.86
)
Dividends declared per common share
$
0.96

 
$
0.76

 
$
0.48
AIMCO PROPERTIES, L.P
  
Earnings Per Share  
Earnings (Loss) per Share/Unit
The following table illustrates the Aimco Operating Partnership’s calculation of basic and diluted earnings (loss) per unit for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per unit data):
 
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
34,596

 
$
(18,756
)
 
$
(134,938
)
Loss (income) from continuing operations attributable to noncontrolling interests
19,369

 
(9,585
)
 
32,488

Income attributable to the Partnership’s preferred unitholders
(9,227
)
 
(56,384
)
 
(52,535
)
Income attributable to participating securities
(813
)
 
(422
)
 
(222
)
Income (loss) from continuing operations attributable to the Partnership’s common unitholders
$
43,925

 
$
(85,147
)
 
$
(155,207
)
Income from discontinued operations
$
203,229

 
$
214,117

 
$
78,073

Income from discontinued operations attributable to noncontrolling interests
(31,842
)
 
(41,633
)
 
(32,231
)
Income from discontinued operations attributable to the Partnership’s common unitholders
$
171,387

 
$
172,484

 
$
45,842

Net income (loss)
$
237,825

 
$
195,361

 
$
(56,865
)
Net (income) loss attributable to noncontrolling interests
(12,473
)
 
(51,218
)
 
257

Net income attributable to the Partnership’s preferred unitholders
(9,227
)
 
(56,384
)
 
(52,535
)
Net income attributable to participating securities
(813
)
 
(422
)
 
(222
)
Net income (loss) attributable to the Partnership’s common unitholders
$
215,312

 
$
87,337

 
$
(109,365
)
Denominator:
 
 
 
 
 
Weighted average common units outstanding – basic
153,256

 
142,614

 
127,681

Dilutive potential common units
241

 
—

 
—

Weighted average common units outstanding – diluted
153,497

 
142,614

 
127,681

Earnings (loss) per common unit – basic and diluted:
 
 
 
 
 
Income (loss) from continuing operations attributable to the Partnership’s common unitholders
$
0.29

 
$
(0.60
)
 
$
(1.22
)
Income from discontinued operations attributable to the Partnership’s common unitholders
1.11

 
1.21

 
0.36

Net income (loss) attributable to the Partnership’s common unitholders
$
1.40

 
$
0.61

 
$
(0.86
)
Distributions declared per unit
$
0.96

 
$
0.76

 
$
0.63