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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Rental and other property revenues $ 991,428 [1] $ 943,258 [1] $ 922,910 [1]
Tax credit and asset management revenues 41,769 38,661 35,630
Total revenues 1,033,197 981,919 958,540
OPERATING EXPENSES:      
Property operating expenses 402,225 [1] 405,866 [1] 415,513 [1]
Investment management expenses 12,008 10,459 14,477
Depreciation and amortization 345,077 [1] 342,820 [1] 363,261 [1]
Provision for real estate impairment losses 8,349 [1] 915 [1] 65 [1]
General and administrative expenses 49,602 50,906 53,374
Other expenses, net 15,776 17,796 9,267
Total operating expenses 833,037 828,762 855,957
Operating income 200,160 153,157 102,583
Interest income 9,913 9,681 9,769
Recovery of (provision for) losses on notes receivable, net 3,375 509 (949)
Interest expense (246,761) (290,168) (276,538)
Equity in losses of unconsolidated real estate partnerships (4,408) (17,721) (23,112)
Gain on dispositions of interests in unconsolidated real estate and other 21,886 2,398 10,631
Loss before income taxes and discontinued operations (15,835) (142,144) (177,616)
Income tax benefit 929 6,541 16,839
Loss from continuing operations (14,906) (135,603) (160,777)
Income from discontinued operations, net 210,267 77,439 71,153
Net income (loss) 195,361 (58,164) (89,624)
Noncontrolling interests:      
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (51,218) 257 13,301
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (6,496) (6,683) (4,964)
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership (5,191) 7,503 9,559
Net (income) loss attributable to noncontrolling interests (62,905) 1,077 17,896
Net income (loss) attributable to the company 132,456 (57,087) (71,728)
Net income attributable to the company's preferred equityholders (49,888) (45,852) (53,590)
Net income attributable to participating securities (422) (222) 0
Net income (loss) attributable to the company's common equityholders 82,146 (103,161) (125,318)
Earnings (loss) attributable to the company's common equityholders - basic and diluted (Note 9):      
Loss from continuing operations attributable to the company's common equityholders ( In dollars per share/unit) $ (0.59) $ (1.22) $ (1.48)
Income from discontinued operations attributable to the company's common equityholders (In dollars per share/unit) $ 1.20 $ 0.36 $ 0.40
Net income (loss) attributable to the company's common equityholders (In dollars per share/unit) $ 0.61 $ (0.86) $ (1.08)
Weighted average common shares outstanding - basic and diluted (in dollars per share) 134,479 119,312 116,369
AIMCO PROPERTIES, L.P
     
REVENUES:      
Rental and other property revenues 991,428 943,258 922,910
Tax credit and asset management revenues 41,769 38,661 35,630
Total revenues 1,033,197 981,919 958,540
OPERATING EXPENSES:      
Property operating expenses 402,225 405,866 415,513
Investment management expenses 12,008 10,459 14,477
Depreciation and amortization 345,077 342,820 363,261
Provision for real estate impairment losses 8,349 915 65
General and administrative expenses 49,602 50,906 53,374
Other expenses, net 15,776 17,796 9,267
Total operating expenses 833,037 828,762 855,957
Operating income 200,160 153,157 102,583
Interest income 9,913 10,980 10,628
Recovery of (provision for) losses on notes receivable, net 3,375 509 (949)
Interest expense (246,761) (290,168) (276,538)
Equity in losses of unconsolidated real estate partnerships (4,408) (17,721) (23,112)
Gain on dispositions of interests in unconsolidated real estate and other 21,886 2,398 10,631
Loss before income taxes and discontinued operations (15,835) (140,845) (176,757)
Income tax benefit 929 6,541 16,839
Loss from continuing operations (14,906) (134,304) (159,918)
Income from discontinued operations, net 210,267 77,439 71,153
Net income (loss) 195,361 (56,865) (88,765)
Noncontrolling interests:      
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (51,218) 257 13,301
Net (income) loss attributable to noncontrolling interests (51,218) 257 13,301
Net income (loss) attributable to the company 144,143 (56,608) (75,464)
Net income attributable to the company's preferred equityholders (56,384) (52,535) (58,554)
Net income attributable to participating securities (422) (222) 0
Net income (loss) attributable to the company's common equityholders $ 87,337 $ (109,365) $ (134,018)
Earnings (loss) attributable to the company's common equityholders - basic and diluted (Note 9):      
Loss from continuing operations attributable to the company's common equityholders ( In dollars per share/unit) $ (0.59) $ (1.21) $ (1.47)
Income from discontinued operations attributable to the company's common equityholders (In dollars per share/unit) $ 1.20 $ 0.35 $ 0.40
Net income (loss) attributable to the company's common equityholders (In dollars per share/unit) $ 0.61 $ (0.86) $ (1.07)
Weighted average common shares outstanding - basic and diluted (in dollars per share) 142,614 127,681 124,747
[1] Proportionate property net operating income, our key measurement of segment profit or loss, excludes property management revenues (which are included in rental and other property revenues), property management expenses and casualty gains and losses (which are included in property operating expenses), depreciation and amortization and provision for real estate impairment losses. Accordingly, we do not allocate these amounts to our segments.