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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES        
Rental and other property revenues $ 218,808 $ 224,200 $ 443,360 $ 454,435
OPERATING EXPENSES        
Property operating expenses 74,123 75,647 149,603 154,606
Depreciation and amortization 97,689 91,924 198,165 185,489
General and administrative expenses 9,696 11,498 19,804 21,327
Investment management expenses 1,121 1,406 2,305 2,738
Other expenses, net 4,239 3,621 5,881 8,757
Total operating expenses 186,868 184,096 375,758 372,917
Interest income 2,843 3,065 7,366 5,791
Interest expense (48,802) (39,541) (90,138) (80,950)
Gain on dispositions of real estate 47,238 64,310 47,204 355,783
Mezzanine / Unconsolidated partnerships investment income, net 6,936 0 13,683 0
Income before income tax benefit (expense) 40,325 68,169 46,069 362,445
Income tax benefit (expense) 2,879 1,827 6,112 (1,154)
Net income 43,204 69,996 52,181 361,291
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 17 (70) (1) (161)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,859) (1,933) (3,728) (3,867)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (2,107) (3,534) (2,475) (18,671)
Net income attributable to noncontrolling interests (3,949) (5,537) (6,204) (22,699)
Net income attributable to the company 39,255 64,459 45,977 338,592
Net income attributable to the company's preferred equity holders 0 (5,187) 0 (7,335)
Net income attributable to participating securities (43) (38) (86) (455)
Net income attributable to the company's common equity holders $ 39,212 $ 59,234 $ 45,891 $ 330,802
Net income attributable to Aimco per common share – basic and diluted $ 0.26 $ 0.40 $ 0.31 $ 2.25
Weighted average common shares/units outstanding - basic 148,535 148,367 148,527 146,994
Weighted average common shares/units outstanding - diluted 148,553 148,599 148,670 147,220
AIMCO Properties, LP [Member]        
REVENUES        
Rental and other property revenues $ 218,808 $ 224,200 $ 443,360 $ 454,435
OPERATING EXPENSES        
Property operating expenses 74,123 75,647 149,603 154,606
Depreciation and amortization 97,689 91,924 198,165 185,489
General and administrative expenses 9,696 11,498 19,804 21,327
Investment management expenses 1,121 1,406 2,305 2,738
Other expenses, net 4,239 3,621 5,881 8,757
Total operating expenses 186,868 184,096 375,758 372,917
Interest income 2,843 3,065 7,366 5,791
Interest expense (48,802) (39,541) (90,138) (80,950)
Gain on dispositions of real estate 47,238 64,310 47,204 355,783
Mezzanine / Unconsolidated partnerships investment income, net 6,936 0 13,683 0
Income before income tax benefit (expense) 40,325 68,169 46,069 362,445
Income tax benefit (expense) 2,879 1,827 6,112 (1,154)
Net income 43,204 69,996 52,181 361,291
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 17 (70) (1) (161)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,859) (7,120) (3,728) (11,202)
Net income attributable to the company 43,221 69,926 52,180 361,130
Net income attributable to participating securities (43) 11 (86) (472)
Net income attributable to the company's common equity holders $ 41,319 $ 62,817 $ 48,366 $ 349,456
Net income attributable to Aimco per common share – basic and diluted $ 0.26 $ 0.40 $ 0.31 $ 2.25
Weighted average common shares/units outstanding - basic 156,509 156,637 156,584 155,158
Weighted average common shares/units outstanding - diluted 156,527 157,018 156,802 155,517
Unconsolidated Real Estate Partnerships [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income, net $ 170 $ 231 $ 352 $ 303
Unconsolidated Real Estate Partnerships [Member] | AIMCO Properties, LP [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income, net $ 170 $ 231 $ 352 $ 303