Earnings and Dividends per Share and Unit (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Calculations of Basic and Diluted Earnings per Share and per Unit and Non-dilutive Securities

Reconciliations of the numerator and denominator in the calculations of basic and diluted earnings per share and per unit for the three and six months ended June 30, 2020 and 2019, are as follows (in thousands, except per share and per unit data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Earnings per share
Numerator:
Basic and dilutive net income attributable to Aimco common stockholders	$	39,212	$	59,234	$	45,891	$	330,802

Denominator – shares:
Basic weighted-average Common Stock outstanding		148,535		148,367		148,527		146,994
Dilutive share equivalents outstanding		18		232		143		226
Dilutive weighted-average Common Stock outstanding		148,553		148,599		148,670		147,220

Earnings per share – basic and diluted	$	0.26	$	0.40	$	0.31	$	2.25

Non-dilutive share equivalents outstanding		8,929		—		8,260		—

Earnings per unit
Numerator:
Basic and dilutive net income attributable to the Aimco Operating Partnership's common unitholders	$	41,319	$	62,817	$	48,366	$	349,456

Denominator – units
Basic weighted-average common partnership units outstanding		156,509		156,637		156,584		155,158
Dilutive partnership unit equivalents outstanding		18		381		218		359
Dilutive weighted-average common partnership units outstanding		156,527		157,018		156,802		155,517

Earnings per unit – basic and diluted	$	0.26	$	0.40	$	0.31	$	2.25

Non-dilutive partnership unit equivalents outstanding		2,081		—		1,214		—