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Earnings per Share/Unit (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]  
Schedule of Earnings Per Share, Basic and Diluted
The following table illustrates Aimco’s calculation of basic and diluted earnings per share for the three and six months ended June 30, 2015 and 2014 (in thousands, except per share data):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
23,907

 
$
17,943

 
$
42,364

 
$
29,983

Gain on dispositions of real estate, net of tax
44,781

 
66,662

 
130,474

 
136,154

Income from continuing operations and gain on dispositions attributable to noncontrolling interests
(4,819
)
 
(7,563
)
 
(15,709
)
 
(24,168
)
Income attributable to preferred stockholders
(2,758
)
 
(1,758
)
 
(6,280
)
 
(2,212
)
Income attributable to participating securities
(307
)
 
(274
)
 
(701
)
 
(513
)
Income from continuing operations attributable to Aimco common stockholders
$
60,804

 
$
75,010

 
$
150,148

 
$
139,244

 
 
 
 
 
 
 
 
Net income
$
68,688

 
$
84,605

 
$
172,838

 
$
166,137

Net income attributable to noncontrolling interests
(4,819
)
 
(7,563
)
 
(15,709
)
 
(24,168
)
Net income attributable to preferred stockholders
(2,758
)
 
(1,758
)
 
(6,280
)
 
(2,212
)
Net income attributable to participating securities
(307
)
 
(274
)
 
(701
)
 
(513
)
Net income attributable to Aimco common stockholders
$
60,804

 
$
75,010

 
$
150,148

 
$
139,244

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
155,524

 
145,657

 
154,672

 
145,565

 Dilutive potential common shares
430

 
328

 
443

 
268

Weighted average common shares outstanding – diluted
155,954

 
145,985

 
155,115

 
145,833

 
 
 
 
 
 
 
 
Earnings attributable to Aimco per common share – basic:
 
 
 
 
 
 
 
Income from continuing operations
$
0.39

 
$
0.51

 
$
0.97

 
$
0.96

Net income
$
0.39

 
$
0.51

 
$
0.97

 
$
0.96

 
 
 
 
 
 
 
 
Earnings attributable to Aimco per common share – diluted:
 
 
 
 
 
 
 
Income from continuing operations
$
0.39

 
$
0.51

 
$
0.97

 
$
0.95

Net income
$
0.39

 
$
0.51

 
$
0.97

 
$
0.95

AIMCO PROPERTIES, L.P [Member]  
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]  
Schedule of Earnings Per Share, Basic and Diluted
The following table illustrates the Aimco Operating Partnership’s calculation of basic and diluted earnings per unit for the three and six months ended June 30, 2015 and 2014 (in thousands, except per unit data):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
23,907

 
$
17,943

 
$
42,364

 
$
29,983

Gain on dispositions of real estate, net of tax
44,781

 
66,662

 
130,474

 
136,154

Income from continuing operations and gain on dispositions attributable to noncontrolling interests
(111
)
 
(2,226
)
 
(4,867
)
 
(13,615
)
Income attributable to the Aimco Operating Partnership’s preferred unitholders
(4,494
)
 
(3,360
)
 
(9,752
)
 
(5,419
)
Income attributable to participating securities
(307
)
 
(274
)
 
(701
)
 
(513
)
Income from continuing operations attributable to the Aimco Operating Partnership’s common unitholders
$
63,776

 
$
78,745

 
$
157,518

 
$
146,590

 
 
 
 
 
 
 
 
Net income
$
68,688

 
$
84,605

 
$
172,838

 
$
166,137

Net income attributable to noncontrolling interests
(111
)
 
(2,226
)
 
(4,867
)
 
(13,615
)
Net income attributable to the Aimco Operating Partnership’s preferred unitholders
(4,494
)
 
(3,360
)
 
(9,752
)
 
(5,419
)
Net income attributable to participating securities
(307
)
 
(274
)
 
(701
)
 
(513
)
Net income attributable to the Aimco Operating Partnership’s common unitholders
$
63,776

 
$
78,745

 
$
157,518

 
$
146,590

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common units outstanding – basic
163,149

 
153,377

 
162,304

 
153,295

Dilutive potential common units
430

 
328

 
443

 
268

Weighted average common units outstanding – diluted
163,579

 
153,705

 
162,747

 
153,563

 
 
 
 
 
 
 
 
Earnings attributable to the Aimco Operating Partnership per common unit – basic:
 
 
 
 
 
 
 
Income from continuing operations
$
0.39

 
$
0.51

 
$
0.97

 
$
0.96

Net income
$
0.39

 
$
0.51

 
$
0.97

 
$
0.96

 
 
 
 
 
 
 
 
Earnings attributable to the Aimco Operating Partnership per common unit – diluted:
 
 
 
 
 
 
 
Income from continuing operations
$
0.39

 
$
0.51

 
$
0.97

 
$
0.95

Net income
$
0.39

 
$
0.51

 
$
0.97

 
$
0.95