Earnings and Dividends per Share and Unit (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019, are as follows (in thousands, except per share and per unit data):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2020			2019		2020		2019
Earnings per share
Numerator:
Basic and dilutive net (loss) income attributable to Aimco common stockholders	$	(25,046	)	$	2,003	$	20,845	$	332,805

Denominator – shares:
Basic weighted-average Common Stock outstanding		148,544			148,434		148,532		147,474
Dilutive share equivalents outstanding		—			202		96		218
Dilutive weighted-average Common Stock outstanding		148,544			148,636		148,628		147,692

Earnings per share – basic and diluted	$	(0.17	)	$	0.01	$	0.14	$	2.26

Non-dilutive share equivalents outstanding		9,007			—		8,337		—

Earnings per unit
Numerator:
Basic and dilutive net (loss) income attributable to the Aimco Operating Partnership's common unitholders	$	(26,387	)	$	2,138	$	21,979	$	351,594

Denominator – units
Basic weighted-average common partnership units outstanding		156,508			156,618		156,559		155,644
Dilutive partnership unit equivalents outstanding		—			261		133		327
Dilutive weighted-average common partnership units outstanding		156,508			156,879		156,692		155,971

Earnings per unit – basic and diluted	$	(0.17	)	$	0.01	$	0.14	$	2.26

Non-dilutive partnership unit equivalents outstanding		2,220			—		1,596		—

Summary of Dividend and Distribution Paid per Unit

Dividends and distributions paid during the three and nine months ended September 30, 2020 and 2019, were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Dividends and distributions paid	$	0.41	$	0.39	$	1.23	$	2.80

The special dividend and distribution in the first quarter of 2019 consisted of the below (in millions):

Aimco Special Dividend:
Cash	$	67.1
Shares of Common Stock		4.5
Cash paid in lieu of issuing fractional shares	$	0.4

Aimco Operating Partnership Special Distribution:
Cash	$	72.7
Common partnership units		4.8
Cash paid in lieu of issuing fractional units	$	0.4