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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Rental and other property revenues $ 939,231 $ 916,742 $ 875,694
Tax credit and asset management revenues 34,822 41,769 38,661
Total revenues 974,053 958,511 914,355
OPERATING EXPENSES:      
Property operating expenses 375,672 374,347 376,164
Investment management expenses 4,341 12,008 10,459
Depreciation and amortization 291,910 [1] 325,173 [1] 323,233 [1]
Provision for real estate impairment losses 0 6,235 [1] 0
General and administrative expenses 45,708 49,602 50,906
Other expenses, net 7,403 12,130 18,302
Total operating expenses 725,034 779,495 779,064
Operating income 249,019 179,016 135,291
Interest income 16,059 9,890 9,655
Recovery of losses on notes receivable, net 1,884 3,375 509
Interest expense (237,048) (229,373) (272,315)
Equity in income (losses) of unconsolidated real estate partnerships 926 (4,408) (17,721)
Gain on dispositions of unconsolidated real estate and other, net 1,797 21,886 2,403
Income (loss) before income taxes and discontinued operations 32,637 (19,614) (142,178)
Income tax benefit 1,959 858 5,941
Income (loss) from continuing operations 34,596 (18,756) (136,237)
Income from discontinued operations, net 203,229 214,117 78,073
Net income (loss) 237,825 195,361 (58,164)
Noncontrolling interests:      
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (12,473) (51,218) 257
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (6,423) (6,496) (6,683)
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership (11,639) (5,191) 7,503
Net (income) loss attributable to noncontrolling interests (30,535) (62,905) 1,077
Net income (loss) attributable to the company 207,290 132,456 (57,087)
Net income attributable to the company's preferred equityholders (2,804) (49,888) (45,852)
Net income attributable to participating securities (813) (422) (222)
Net income (loss) attributable to the company's common equityholders 203,673 82,146 (103,161)
Earnings (loss) attributable to the company's common equityholders - basic and diluted (Note 13):      
Income (loss) from continuing operations attributable to the company's common equityholders ( In dollars per share/unit) $ 0.29 $ (0.60) $ (1.22)
Income from discontinued operations attributable to the company's common equityholders (In dollars per share/unit) $ 1.11 $ 1.21 $ 0.36
Net income (loss) attributable to the company's common equityholders (In dollars per share/unit) $ 1.40 $ 0.61 $ (0.86)
Weighted average common shares/units outstanding - basic 145,291 134,479 119,312
Weighted average common shares/units outstanding - diluted 145,532 134,479 119,312
AIMCO PROPERTIES, L.P
     
REVENUES:      
Rental and other property revenues 939,231 916,742 875,694
Tax credit and asset management revenues 34,822 41,769 38,661
Total revenues 974,053 958,511 914,355
OPERATING EXPENSES:      
Property operating expenses 375,672 374,347 376,164
Investment management expenses 4,341 12,008 10,459
Depreciation and amortization 291,910 325,173 323,233
Provision for real estate impairment losses 0 6,235 0
General and administrative expenses 45,708 49,602 50,906
Other expenses, net 7,403 12,130 18,302
Total operating expenses 725,034 779,495 779,064
Operating income 249,019 179,016 135,291
Interest income 16,059 9,890 10,954
Recovery of losses on notes receivable, net 1,884 3,375 509
Interest expense (237,048) (229,373) (272,315)
Equity in income (losses) of unconsolidated real estate partnerships 926 (4,408) (17,721)
Gain on dispositions of unconsolidated real estate and other, net 1,797 21,886 2,403
Income (loss) before income taxes and discontinued operations 32,637 (19,614) (140,879)
Income tax benefit 1,959 858 5,941
Income (loss) from continuing operations 34,596 (18,756) (134,938)
Income from discontinued operations, net 203,229 214,117 78,073
Net income (loss) 237,825 195,361 (56,865)
Noncontrolling interests:      
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (12,473) (51,218) 257
Net (income) loss attributable to noncontrolling interests (12,473) (51,218) 257
Net income (loss) attributable to the company 225,352 144,143 (56,608)
Net income attributable to the company's preferred equityholders (9,227) (56,384) (52,535)
Net income attributable to participating securities (813) (422) (222)
Net income (loss) attributable to the company's common equityholders $ 215,312 $ 87,337 $ (109,365)
Earnings (loss) attributable to the company's common equityholders - basic and diluted (Note 13):      
Income (loss) from continuing operations attributable to the company's common equityholders ( In dollars per share/unit) $ 0.29 $ (0.60) $ (1.22)
Income from discontinued operations attributable to the company's common equityholders (In dollars per share/unit) $ 1.11 $ 1.21 $ 0.36
Net income (loss) attributable to the company's common equityholders (In dollars per share/unit) $ 1.40 $ 0.61 $ (0.86)
Weighted average common shares/units outstanding - basic 153,256 142,614 127,681
Weighted average common shares/units outstanding - diluted 153,497 142,614 127,681
[1] Proportionate property net operating income, our key measurement of segment profit or loss, excludes property management revenues (which are included in rental and other property revenues), property management expenses and casualty gains and losses (which are included in property operating expenses), depreciation and amortization and provision for real estate impairment losses. Accordingly, we do not allocate these amounts to our segments.