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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Total revenues $ 178,333 $ 181,643 $ 354,746 $ 367,686
OPERATING EXPENSES        
Property operating expenses 64,758 63,959 129,375 129,921
Depreciation and amortization 75,791 78,949 151,071 160,395
General and administrative expenses 5,221 7,566 9,635 15,055
Other expenses, net 2,515 4,156 5,391 5,647
Total operating expenses 148,285 154,630 295,472 311,018
Interest income 15,684 2,303 31,656 6,292
Interest expense (70,807) (44,239) (107,842) (81,045)
Gain (loss) on derecognition of leased properties and dispositions of real estate, net 3,353 47,282 87,385 47,295
Mezzanine / Unconsolidated partnerships investment income, net 0 6,936 0 13,683
Income (loss) from continuing operations before income tax (expense) benefit and discontinued operations (21,722) 39,295 70,473 42,893
Income tax (expense) benefit     (1,045) 2,097
Income (loss) from continuing operations (19,687) 40,078 69,428 44,990
Income from discontinued operations, net of tax 0 3,126 0 7,191
Net income (loss) (19,687) 43,204 69,428 52,181
Noncontrolling interests:        
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships 2,397 17 2,632 (1)
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership (1,603) (1,859) (3,207) (3,728)
Net (income) loss attributable to common noncontrolling interests in AIR Operating Partnership 945 (2,107) (3,491) (2,475)
Net (income) loss attributable to noncontrolling interests 1,739 (3,949) (4,066) (6,204)
Net income (loss) attributable to AIR/AIR Operating Partnership (17,948) 39,255 65,362 45,977
Net income attributable to AIR preferred stockholders (43) 0 (93) 0
Net income attributable to participating securities (39) (43) (103) (86)
Net income (loss) attributable to AIR common stockholders $ (18,030) $ 39,212 $ 65,166 $ 45,891
Earnings (loss) per common unit basic and diluted        
Income (loss) from continuing operations attributable to AIR per common share $ (0.12) $ 0.30 $ 0.43 $ 0.32
Income from discontinued operations attributable to AIR per common share 0 0.03 0 0.06
Net income (loss) attributable to AIR per common share - basic and diluted $ (0.12) $ 0.33 $ 0.43 $ 0.38
Weighted average common shares/units outstanding - basic 154,608 119,959 151,609 119,953
Weighted average common shares/units outstanding - diluted 154,608 119,974 152,083 120,068
Continuing Operations [Member]        
OPERATING EXPENSES        
Income tax (expense) benefit $ 2,035 $ 783 $ (1,045) $ 2,097
Rental And Other Property Revenues [Member]        
REVENUES        
Total revenues 176,721 181,643 351,451 367,686
Other Revenues [Member]        
REVENUES        
Total revenues 1,612 0 3,295 0
Apartment Income REIT, L.P. [Member]        
REVENUES        
Total revenues 178,333 181,643 354,746 367,686
OPERATING EXPENSES        
Property operating expenses 64,758 63,959 129,375 129,921
Depreciation and amortization 75,791 78,949 151,071 160,395
General and administrative expenses 5,221 7,566 9,635 15,055
Other expenses, net 2,515 4,156 5,391 5,647
Total operating expenses 148,285 154,630 295,472 311,018
Interest income 15,684 2,303 31,656 6,292
Interest expense (70,807) (44,239) (107,842) (81,045)
Gain (loss) on derecognition of leased properties and dispositions of real estate, net 3,353 47,282 87,385 47,295
Mezzanine / Unconsolidated partnerships investment income, net 0 6,936 0 13,683
Income (loss) from continuing operations before income tax (expense) benefit and discontinued operations (21,722) 39,295 70,473 42,893
Income tax (expense) benefit     (1,045) 2,097
Income (loss) from continuing operations (19,687) 40,078 69,428 44,990
Income from discontinued operations, net of tax 0 3,126 0 7,191
Net income (loss) (19,687) 43,204 69,428 52,181
Noncontrolling interests:        
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships 2,397 17 2,632 (1)
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership (1,646) (1,859) (3,300) (3,728)
Net income (loss) attributable to AIR/AIR Operating Partnership (17,290) 43,221 72,060 52,180
Net income attributable to participating securities (39) (43) (103) (86)
Net income (loss) attributable to AIR common stockholders $ (18,975) $ 41,319 $ 68,657 $ 48,366
Earnings (loss) per common unit basic and diluted        
Income (loss) from continuing operations attributable to AIR per common share $ (0.12) $ 0.30 $ 0.43 $ 0.32
Income from discontinued operations attributable to AIR per common share 0 0.03 0 0.06
Net income (loss) attributable to AIR per common share - basic and diluted $ (0.12) $ 0.33 $ 0.43 $ 0.38
Weighted average common shares/units outstanding - basic 162,698 126,399 159,701 126,460
Weighted average common shares/units outstanding - diluted 162,698 126,414 160,175 126,636
Apartment Income REIT, L.P. [Member] | Continuing Operations [Member]        
OPERATING EXPENSES        
Income tax (expense) benefit $ 2,035 $ 783 $ (1,045) $ 2,097
Apartment Income REIT, L.P. [Member] | Rental And Other Property Revenues [Member]        
REVENUES        
Total revenues 176,721 181,643 351,451 367,686
Apartment Income REIT, L.P. [Member] | Other Revenues [Member]        
REVENUES        
Total revenues $ 1,612 $ 0 $ 3,295 $ 0