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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES        
Total revenues $ 191,777 $ 178,123 $ 546,523 $ 545,809
OPERATING EXPENSES        
Property operating expenses 73,925 65,419 203,300 195,340
Depreciation and amortization 81,121 79,264 232,192 239,659
General and administrative expenses 5,875 7,676 15,510 22,731
Other expenses, net 3,816 17,492 9,207 23,139
Total operating expenses 164,737 169,851 460,209 480,869
Interest income 13,432 2,492 45,088 8,784
Interest expense (37,203) (44,608) (145,045) (125,653)
Gain (loss) on derecognition of leased properties and dispositions of real estate, net 7,127 0 94,512 47,295
Mezzanine / Unconsolidated partnerships investment income, net 0 6,870 0 20,553
Income (loss) from continuing operations before income tax (expense) benefit and discontinued operations 10,396 (26,974) 80,869 15,919
Income tax (expense) benefit     (770) 1,678
Income (loss) from continuing operations 10,671 27,393 80,099 17,597
Income from discontinued operations, net of tax 0 2,578 0 9,769
Net income (loss) 10,671 (24,815) 80,099 27,366
Noncontrolling interests:        
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships 785 154 3,417 (153)
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership (1,603) (1,687) (4,810) (5,415)
Net (income) loss attributable to common noncontrolling interests in AIR Operating Partnership (475) (1,341) (3,966) (1,134)
Net (income) loss attributable to noncontrolling interests (1,293) (192) (5,359) (6,396)
Net income (loss) attributable to AIR/AIR Operating Partnership 9,378 25,007 74,740 20,970
Net income attributable to AIR preferred stockholders (43) 0 (136) 0
Net income attributable to participating securities (46) (39) (149) (125)
Net income (loss) attributable to AIR common stockholders $ 9,289 $ (25,046) $ 74,455 $ 20,845
Earnings (loss) per common share - basic        
Income (loss) from continuing operations attributable to AIR per common share $ 0.06 $ (0.23) $ 0.49 $ 0.09
Income (loss) from discontinued operations attributable to AIR per common share   0.02   0.08
Net income (loss) attributable to AIR common stockholders per share - basic 0.06 (0.21) 0.49 0.17
Earnings (loss) per common share - diluted        
Income (loss) from continuing operations attributable to AIR per common share 0.06 (0.23) 0.48 0.09
Income (loss) from discontinued operations attributable to AIR per common share   0.02   0.08
Net income (loss) attributable to AIR common stockholders per share - diluted $ 0.06 $ (0.21) $ 0.48 $ 0.17
Weighted average common shares/units outstanding - basic 156,646 119,967 153,289 119,957
Weighted average common shares/units outstanding - diluted 157,042 119,967 153,650 120,035
Continuing Operations [Member]        
OPERATING EXPENSES        
Income tax (expense) benefit $ 275 $ 419 $ (770) $ 1,678
Rental And Other Property Revenues [Member]        
REVENUES        
Total revenues 190,082 178,123 541,533 545,809
Other Revenues [Member]        
REVENUES        
Total revenues 1,695 0 4,990 0
Apartment Income REIT, L.P. [Member]        
REVENUES        
Total revenues 191,777 178,123 546,523 545,809
OPERATING EXPENSES        
Property operating expenses 73,925 65,419 203,300 195,340
Depreciation and amortization 81,121 79,264 232,192 239,659
General and administrative expenses 5,875 7,676 15,510 22,731
Other expenses, net 3,816 17,492 9,207 23,139
Total operating expenses 164,737 169,851 460,209 480,869
Interest income 13,432 2,492 45,088 8,784
Interest expense (37,203) (44,608) (145,045) (125,653)
Gain (loss) on derecognition of leased properties and dispositions of real estate, net 7,127 0 94,512 47,295
Mezzanine / Unconsolidated partnerships investment income, net 0 6,870 0 20,553
Income (loss) from continuing operations before income tax (expense) benefit and discontinued operations 10,396 (26,974) 80,869 15,919
Income tax (expense) benefit     (770) 1,678
Income (loss) from continuing operations 10,671 27,393 80,099 17,597
Income from discontinued operations, net of tax 0 2,578 0 9,769
Net income (loss) 10,671 (24,815) 80,099 27,366
Noncontrolling interests:        
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships 785 154 3,417 (153)
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership (1,646) (1,687) (4,946) (5,415)
Net income (loss) attributable to AIR/AIR Operating Partnership 11,456 (24,661) 83,516 27,519
Net income attributable to participating securities (46) (39) (149) (125)
Net income (loss) attributable to AIR common stockholders $ 9,764 $ 26,387 $ 78,421 $ 21,979
Earnings (loss) per common share - basic        
Income (loss) from continuing operations attributable to AIR per common share $ 0.06 $ (0.23) $ 0.49 $ 0.09
Income (loss) from discontinued operations attributable to AIR per common share   0.02   0.08
Net income (loss) attributable to AIR common stockholders per share - basic 0.06 (0.21) 0.49 0.17
Earnings (loss) per common share - diluted        
Income (loss) from continuing operations attributable to AIR per common share 0.06 (0.23) 0.48 0.09
Income (loss) from discontinued operations attributable to AIR per common share   0.02   0.08
Net income (loss) attributable to AIR common stockholders per share - diluted $ 0.06 $ (0.21) $ 0.48 $ 0.17
Weighted average common shares/units outstanding - basic 164,603 126,399 161,336 126,440
Weighted average common shares/units outstanding - diluted 164,999 126,399 161,697 126,547
Apartment Income REIT, L.P. [Member] | Continuing Operations [Member]        
OPERATING EXPENSES        
Income tax (expense) benefit $ 275 $ 419 $ (770) $ 1,678
Apartment Income REIT, L.P. [Member] | Rental And Other Property Revenues [Member]        
REVENUES        
Total revenues 190,082 178,123 541,533 545,809
Apartment Income REIT, L.P. [Member] | Other Revenues [Member]        
REVENUES        
Total revenues $ 1,695 $ 0 $ 4,990 $ 0