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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES        
Tax credit and transaction revenues $ 57 $ 2,856 $ 3,576 $ 5,547
Total revenues 250,187 249,092 497,907 495,573
OPERATING EXPENSES        
Depreciation and amortization 97,485 89,155 190,033 176,323
General and administrative expenses 13,882 10,108 25,237 21,071
Other expenses, net 4,366 2,650 7,324 4,389
Total operating expenses 200,826 189,386 395,169 378,078
Operating income 49,361 59,706 102,738 117,495
Interest income 2,884 2,012 5,056 4,204
Interest expense (49,906) (46,858) (97,701) (94,740)
Other, net 200 200 424 665
Income before income taxes and gain on dispositions 2,539 15,060 10,517 27,624
Income tax benefit 4,395 5,023 41,783 10,008
Income before gain on dispositions 6,934 20,083 52,300 37,632
Gain on dispositions of real estate, inclusive of related income tax 222 1,508 50,546 1,114
Net income 7,156 21,591 102,846 38,746
Noncontrolling interests:        
Net income attributable to noncontrolling interests in consolidated real estate partnerships (45) (813) (6,251) (1,764)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,934) (1,939) (3,871) (3,888)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (140) (787) (3,895) (1,344)
Net income attributable to noncontrolling interests (2,119) (3,539) (14,017) (6,996)
Net income attributable to the company 5,037 18,052 88,829 31,750
Net income attributable to the company's preferred equity holders (2,149) (2,149) (4,297) (4,297)
Net income attributable to participating securities (71) (60) (190) (119)
Net income attributable to the company's common equity holders $ 2,817 $ 15,843 $ 84,342 $ 27,334
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) $ 0.02 $ 0.10 $ 0.54 $ 0.17
Dividends declared per common share/unit $ 0.38 $ 0.36 $ 0.76 $ 0.72
Weighted average number of shares outstanding - basic 156,703 156,305 156,656 156,282
Weighted average number of shares outstanding - diluted 156,833 156,715 156,786 156,735
Asset Management [Member]        
REVENUES        
Rental and other property revenues $ 19,000 $ 18,533 $ 37,808 $ 37,095
OPERATING EXPENSES        
Property operating expenses 9,062 8,391 18,257 17,587
Aimco Real Estate [Member]        
REVENUES        
Rental and other property revenues 231,130 227,703 456,523 452,931
OPERATING EXPENSES        
Property operating expenses 76,031 79,082 154,318 158,708
AIMCO Properties, LP [Member]        
REVENUES        
Tax credit and transaction revenues 57 2,856 3,576 5,547
Total revenues 250,187 249,092 497,907 495,573
OPERATING EXPENSES        
Depreciation and amortization 97,485 89,155 190,033 176,323
General and administrative expenses 13,882 10,108 25,237 21,071
Other expenses, net 4,366 2,650 7,324 4,389
Total operating expenses 200,826 189,386 395,169 378,078
Operating income 49,361 59,706 102,738 117,495
Interest income 2,884 2,012 5,056 4,204
Interest expense (49,906) (46,858) (97,701) (94,740)
Other, net 200 200 424 665
Income before income taxes and gain on dispositions 2,539 15,060 10,517 27,624
Income tax benefit 4,395 5,023 41,783 10,008
Income before gain on dispositions 6,934 20,083 52,300 37,632
Gain on dispositions of real estate, inclusive of related income tax 222 1,508 50,546 1,114
Net income 7,156 21,591 102,846 38,746
Noncontrolling interests:        
Net income attributable to noncontrolling interests in consolidated real estate partnerships (45) (813) (6,251) (1,764)
Net income attributable to the company 7,111 20,778 96,595 36,982
Net income attributable to the company's preferred equity holders (4,083) (4,088) (8,168) (8,185)
Net income attributable to participating securities (79) (63) (204) (123)
Net income attributable to the company's common equity holders $ 2,949 $ 16,627 $ 88,223 $ 28,674
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) $ 0.02 $ 0.10 $ 0.54 $ 0.18
Net income attributable to the company per common share/unit - diluted (in dollars per share/unit) 0.02 0.10 0.54 0.17
Dividends declared per common share/unit $ 0.38 $ 0.36 $ 0.76 $ 0.72
Weighted average number of shares outstanding - basic 164,685 163,740 164,138 163,777
Weighted average number of shares outstanding - diluted 164,815 164,150 164,268 164,230
AIMCO Properties, LP [Member] | Asset Management [Member]        
REVENUES        
Rental and other property revenues $ 19,000 $ 18,533 $ 37,808 $ 37,095
OPERATING EXPENSES        
Property operating expenses 9,062 8,391 18,257 17,601
AIMCO Properties, LP [Member] | Aimco Real Estate [Member]        
REVENUES        
Rental and other property revenues 231,130 227,703 456,523 452,931
OPERATING EXPENSES        
Property operating expenses $ 76,031 $ 79,082 $ 154,318 $ 158,694