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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES        
Rental and other property revenues $ 244,115 $ 240,382 $ 728,467 $ 717,308
Tax credit and asset management revenues 4,789 6,005 17,894 18,127
Total revenues 248,904 246,387 746,361 735,435
OPERATING EXPENSES        
Property operating expenses 91,523 88,621 268,225 272,043
Investment management expenses 938 1,905 2,930 4,594
Depreciation and amortization 84,848 77,237 245,356 226,819
General and administrative expenses 11,320 11,013 34,509 33,727
Other expenses, net 1,543 3,590 8,639 7,521
Total operating expenses 190,172 182,366 559,659 544,704
Operating income 58,732 64,021 186,702 190,731
Interest income 2,163 1,737 5,841 5,167
Interest expense (49,377) (48,285) (145,905) (151,410)
Other, net 558 (1,983) 5,541 631
Income before income taxes and gain on dispositions 12,076 15,490 52,179 45,119
Income tax benefit 3,462 8,279 16,469 21,014
Income before gain on dispositions 15,538 23,769 68,648 66,133
Gain on dispositions of real estate, net of tax 14,498 0 237,226 130,474
Net income 30,036 23,769 305,874 196,607
Noncontrolling interests:        
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (12,489) 785 (22,096) (4,082)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,842) (1,736) (5,276) (5,208)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (192) (893) (12,499) (8,263)
Net income attributable to noncontrolling interests (14,523) (1,844) (39,871) (17,553)
Net income attributable to the company 15,513 21,925 266,003 179,054
Net income attributable to the company's preferred equity holders (4,323) (2,757) (9,838) (9,037)
Net (income) loss attributable to participating securities (14) 11 (384) (690)
Net income attributable to the company's common equity holders $ 11,176 $ 19,179 $ 255,781 $ 169,327
Earnings attributable to the company per common share/unit        
Net income attributable to the company per common share/unit - basic and diluted (in dollars per share/unit) $ 0.07 $ 0.12 $ 1.64 $ 1.09
Dividends declared per common share/unit $ 0.33 $ 0.30 $ 0.99 $ 0.88
Weighted average number of shares outstanding - basic 156,079 155,639 155,944 154,994
Weighted average number of shares outstanding - diluted 156,527 156,008 156,341 155,412
AIMCO PROPERTIES, L.P [Member]        
REVENUES        
Rental and other property revenues $ 244,115 $ 240,382 $ 728,467 $ 717,308
Tax credit and asset management revenues 4,789 6,005 17,894 18,127
Total revenues 248,904 246,387 746,361 735,435
OPERATING EXPENSES        
Property operating expenses 91,523 88,621 268,225 272,043
Investment management expenses 938 1,905 2,930 4,594
Depreciation and amortization 84,848 77,237 245,356 226,819
General and administrative expenses 11,320 11,013 34,509 33,727
Other expenses, net 1,543 3,590 8,639 7,521
Total operating expenses 190,172 182,366 559,659 544,704
Operating income 58,732 64,021 186,702 190,731
Interest income 2,163 1,737 5,841 5,167
Interest expense (49,377) (48,285) (145,905) (151,410)
Other, net 558 (1,983) 5,541 631
Income before income taxes and gain on dispositions 12,076 15,490 52,179 45,119
Income tax benefit 3,462 8,279 16,469 21,014
Income before gain on dispositions 15,538 23,769 68,648 66,133
Gain on dispositions of real estate, net of tax 14,498 0 237,226 130,474
Net income 30,036 23,769 305,874 196,607
Noncontrolling interests:        
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (12,489) 785 (22,096) (4,082)
Net income attributable to the company 17,547 24,554 283,778 192,525
Net income attributable to the company's preferred equity holders (6,165) (4,493) (15,114) (14,245)
Net (income) loss attributable to participating securities (14) 11 (384) (690)
Net income attributable to the company's common equity holders $ 11,368 $ 20,072 $ 268,280 $ 177,590
Earnings attributable to the company per common share/unit        
Net income attributable to the company per common share/unit - basic (in dollars per share/unit) $ 0.07 $ 0.12 $ 1.64 $ 1.09
Net income attributable to the company per common share/unit - diluted (in dollars per share/unit) 0.07 0.12 1.63 1.09
Dividends declared per common share/unit $ 0.33 $ 0.30 $ 0.99 $ 0.88
Weighted average number of shares outstanding - basic 163,832 163,241 163,749 162,616
Weighted average number of shares outstanding - diluted 164,280 163,610 164,146 163,034