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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Rental and other property revenues $ 215,455 $ 229,827 $ 658,815 $ 684,262
OPERATING EXPENSES        
Property operating expenses 74,929 77,484 224,532 232,090
Depreciation and amortization 98,249 97,538 296,414 283,027
General and administrative expenses 8,118 10,595 27,922 31,922
Investment management expenses 2,819 1,581 5,124 4,319
Other expenses, net 17,571 4,002 23,452 12,759
Total operating expenses 201,686 191,200 577,444 564,117
Interest income 3,041 2,824 10,407 8,615
Interest expense (50,519) (42,011) (140,657) (122,961)
Gain on dispositions of real estate 0 1,146 47,204 356,929
Mezzanine / Unconsolidated partnerships investment income, net 6,870 0 20,553 0
(Loss) income before income tax benefit (26,562) 874 19,507 363,319
Income tax benefit 1,747 3,096 7,859 1,942
Net (loss) income (24,815) 3,970 27,366 365,261
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 154 58 153 (103)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,687) (1,933) (5,415) (5,800)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership 1,341 (116) (1,134) (18,787)
Net income attributable to noncontrolling interests (192) (1,991) (6,396) (24,690)
Net income attributable to the company (25,007) 1,979 20,970 340,571
Net income attributable to the company's preferred equity holders 0 0 0 (7,335)
Net (income) loss attributable to participating securities (39) 24 (125) (431)
Net income attributable to the company's common equity holders $ (25,046) $ 2,003 $ 20,845 $ 332,805
Net income attributable to Aimco per common share – basic and diluted $ (0.17) $ 0.01 $ 0.14 $ 2.26
Weighted average common shares/units outstanding - basic 148,544 148,434 148,532 147,474
Weighted average common shares/units outstanding - diluted 148,544 148,636 148,628 147,692
AIMCO Properties, LP [Member]        
REVENUES        
Rental and other property revenues $ 215,455 $ 229,827 $ 658,815 $ 684,262
OPERATING EXPENSES        
Property operating expenses 74,929 77,484 224,532 232,090
Depreciation and amortization 98,249 97,538 296,414 283,027
General and administrative expenses 8,118 10,595 27,922 31,922
Investment management expenses 2,819 1,581 5,124 4,319
Other expenses, net 17,571 4,002 23,452 12,759
Total operating expenses 201,686 191,200 577,444 564,117
Interest income 3,041 2,824 10,407 8,615
Interest expense (50,519) (42,011) (140,657) (122,961)
Gain on dispositions of real estate 0 1,146 47,204 356,929
Mezzanine / Unconsolidated partnerships investment income, net 6,870 0 20,553 0
(Loss) income before income tax benefit (26,562) 874 19,507 363,319
Income tax benefit 1,747 3,096 7,859 1,942
Net (loss) income (24,815) 3,970 27,366 365,261
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 154 58 153 (103)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,687) (1,933) (5,415) (13,135)
Net income attributable to the company (24,661) 4,028 27,519 365,158
Net (income) loss attributable to participating securities (39) 43 (125) (429)
Net income attributable to the company's common equity holders $ (26,387) $ 2,138 $ 21,979 $ 351,594
Net income attributable to Aimco per common share – basic and diluted $ (0.17) $ 0.01 $ 0.14 $ 2.26
Weighted average common shares/units outstanding - basic 156,508 156,618 156,559 155,644
Weighted average common shares/units outstanding - diluted 156,508 156,879 156,692 155,971
Unconsolidated Real Estate Partnerships [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income, net $ 277 $ 288 $ 629 $ 591
Unconsolidated Real Estate Partnerships [Member] | AIMCO Properties, LP [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income, net $ 277 $ 288 $ 629 $ 591