XML 19 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Rental and other property revenues $ 241,481 $ 238,289
Tax credit and asset management revenues 4,758 5,976
Total revenues 246,239 244,265
OPERATING EXPENSES    
Property operating expenses 88,397 95,492
Investment management expenses 975 1,603
Depreciation and amortization 79,828 74,432
General and administrative expenses 11,935 10,652
Other expenses, net 1,570 1,019
Total operating expenses 182,705 183,198
Operating income 63,534 61,067
Interest income 1,835 1,725
Interest expense (47,634) (53,520)
Other, net 77 2,264
Income before income taxes and gain on dispositions 17,812 11,536
Income tax benefit 5,886 6,921
Income before gain on dispositions 23,698 18,457
Gain on dispositions of real estate, net of tax 6,187 85,693
Net income 29,885 104,150
Noncontrolling interests:    
Net income attributable to noncontrolling interests in consolidated real estate partnerships (930) (4,756)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,726) (1,736)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (1,172) (4,398)
Net income attributable to noncontrolling interests (3,828) (10,890)
Net income attributable to the company 26,057 93,260
Net income attributable to the company's preferred equity holders (2,757) (3,522)
Net income attributable to participating securities (77) (394)
Net income attributable to the company's common equity holders $ 23,223 $ 89,344
Earnings attributable to the company per common share/unit – basic and diluted (Note 7):    
Net income (in dollars per share/unit) $ 0.15 $ 0.58
Dividends declared per common share/unit $ 0.33 $ 0.28
Weighted average number of shares outstanding - basic 155,791 153,821
Weighted average number of shares outstanding - diluted 156,117 154,277
AIMCO PROPERTIES, L.P [Member]    
REVENUES    
Rental and other property revenues $ 241,481 $ 238,289
Tax credit and asset management revenues 4,758 5,976
Total revenues 246,239 244,265
OPERATING EXPENSES    
Property operating expenses 88,397 95,492
Investment management expenses 975 1,603
Depreciation and amortization 79,828 74,432
General and administrative expenses 11,935 10,652
Other expenses, net 1,570 1,019
Total operating expenses 182,705 183,198
Operating income 63,534 61,067
Interest income 1,835 1,725
Interest expense (47,634) (53,520)
Other, net 77 2,264
Income before income taxes and gain on dispositions 17,812 11,536
Income tax benefit 5,886 6,921
Income before gain on dispositions 23,698 18,457
Gain on dispositions of real estate, net of tax 6,187 85,693
Net income 29,885 104,150
Noncontrolling interests:    
Net income attributable to noncontrolling interests in consolidated real estate partnerships (930) (4,756)
Net income attributable to the company 28,955 99,394
Net income attributable to the company's preferred equity holders (4,483) (5,258)
Net income attributable to participating securities (77) (394)
Net income attributable to the company's common equity holders $ 24,395 $ 93,742
Earnings attributable to the company per common share/unit – basic and diluted (Note 7):    
Net income (in dollars per share/unit) $ 0.15 $ 0.58
Dividends declared per common share/unit $ 0.33 $ 0.28
Weighted average number of shares outstanding - basic 163,639 161,461
Weighted average number of shares outstanding - diluted 163,965 161,917