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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Rental and other property revenues $ 239,873 $ 236,546 $ 719,501 $ 700,734
Tax credit and asset management revenues 6,970 7,397 22,684 22,458
Total revenues 246,843 243,943 742,185 723,192
OPERATING EXPENSES        
Property operating expenses 95,174 93,898 288,816 282,064
Investment management expenses 1,279 373 3,552 3,503
Depreciation and amortization 69,437 72,040 211,143 221,588
Provision for real estate impairment losses 1,413 0 1,413 0
General and administrative expenses 10,665 10,962 31,322 33,894
Other expenses, net 1,408 2,158 7,397 6,281
Total operating expenses 179,376 179,431 543,643 547,330
Operating income 67,467 64,512 198,542 175,862
Interest income 1,787 3,587 5,187 12,652
Interest expense (57,806) (59,648) (168,613) (175,724)
Other, net 1,733 (1,563) (57) (4,812)
Income before income taxes, discontinued operations and gain on dispositions 13,181 6,888 35,059 7,978
Income tax benefit (expense) 5,005 87 13,110 (187)
Income from continuing operations 18,186 6,975 48,169 7,791
Income from discontinued operations, net 0 72,435 0 81,431
Gain on dispositions of real estate, net of tax 126,329 0 262,483 0
Net income 144,515 79,410 310,652 89,222
Noncontrolling interests:        
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (8,337) (6,776) (21,952) 4,336
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,601) (1,606) (4,808) (4,818)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (6,549) (3,796) (13,895) (4,668)
Net income attributable to noncontrolling interests (16,487) (12,178) (40,655) (5,150)
Net income attributable to the company 128,028 67,232 269,997 84,072
Net income attributable to the company's preferred equityholders (2,875) (702) (5,087) (2,105)
Net income attributable to participating securities (447) (262) (962) (418)
Net income attributable to the company's common equityholders 124,706 66,268 263,948 81,549
Earnings attributable to Aimco per common share – basic (Note 7):        
Income from continuing operations $ 0.86 $ 0.04 $ 1.81 $ 0.03
Net income $ 0.86 $ 0.46 $ 1.81 $ 0.56
Earnings attributable to Aimco per common share – diluted (Note 7):        
Income from continuing operations $ 0.85 $ 0.04 $ 1.81 $ 0.03
Net income $ 0.85 $ 0.46 $ 1.81 $ 0.56
Dividends declared per common share/unit (In dollars per share/unit) $ 0.26 $ 0.24 $ 0.78 $ 0.72
AIMCO PROPERTIES, L.P
       
REVENUES        
Rental and other property revenues 239,873 236,546 719,501 700,734
Tax credit and asset management revenues 6,970 7,397 22,684 22,458
Total revenues 246,843 243,943 742,185 723,192
OPERATING EXPENSES        
Property operating expenses 95,174 93,898 288,816 282,064
Investment management expenses 1,279 373 3,552 3,503
Depreciation and amortization 69,437 72,040 211,143 221,588
Provision for real estate impairment losses 1,413 0 1,413 0
General and administrative expenses 10,665 10,962 31,322 33,894
Other expenses, net 1,408 2,158 7,397 6,281
Total operating expenses 179,376 179,431 543,643 547,330
Operating income 67,467 64,512 198,542 175,862
Interest income 1,787 3,587 5,187 12,652
Interest expense (57,806) (59,648) (168,613) (175,724)
Other, net 1,733 (1,563) (57) (4,812)
Income before income taxes, discontinued operations and gain on dispositions 13,181 6,888 35,059 7,978
Income tax benefit (expense) 5,005 87 13,110 (187)
Income from continuing operations 18,186 6,975 48,169 7,791
Income from discontinued operations, net 0 72,435 0 81,431
Gain on dispositions of real estate, net of tax 126,329 0 262,483 0
Net income 144,515 79,410 310,652 89,222
Noncontrolling interests:        
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (8,337) (6,776) (21,952) 4,336
Net income attributable to noncontrolling interests (8,337) (6,776) (21,952) 4,336
Net income attributable to the company 136,178 72,634 288,700 93,558
Net income attributable to the company's preferred equityholders (4,476) (2,308) (9,895) (6,923)
Net income attributable to participating securities (447) (262) (962) (418)
Net income attributable to the company's common equityholders $ 131,255 $ 70,064 $ 277,843 $ 86,217
Earnings attributable to Aimco per common share – basic (Note 7):        
Income from continuing operations $ 0.86 $ 0.04 $ 1.81 $ 0.03
Net income $ 0.86 $ 0.46 $ 1.81 $ 0.56
Earnings attributable to Aimco per common share – diluted (Note 7):        
Income from continuing operations $ 0.85 $ 0.04 $ 1.81 $ 0.03
Net income $ 0.85 $ 0.46 $ 1.81 $ 0.56
Dividends declared per common share/unit (In dollars per share/unit) $ 0.26 $ 0.24 $ 0.78 $ 0.72