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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES:      
Total revenues $ 719,556 $ 770,602 $ 840,247
OPERATING EXPENSES:      
Depreciation and amortization 320,943 317,283 329,394
General and administrative expenses 46,377 49,615 49,636
Provision for real estate impairment loss 47,281 0 0
Other expenses (income), net 73,860 16,737 (574)
Total operating expenses 737,497 644,876 664,101
Interest income 12,374 9,300 9,326
Interest expense (160,359) (150,888) (179,805)
Gain on dispositions of real estate and the Asset Management business 119,215 503,168 677,463
Mezzanine / Unconsolidated partnerships investment income, net 27,576 1,531 0
Loss from unconsolidated real estate partnerships 0 0 (864)
(Loss) income from continuing operations before income tax (expense) benefit and discontinued operations (19,135) 488,837 682,266
Income tax (expense) benefit (Note 11) (95,437) (305) 13,346
(Loss) income from continuing operations (114,572) 488,532 695,612
Income from discontinued operations, net of tax 11,228 19,495 20,991
Net (loss) income (103,344) 508,027 716,603
Noncontrolling interests:      
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 798 (187) (8,220)
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership (7,019) (7,708) (7,739)
Net loss (income) attributable to common noncontrolling interests in AIR Operating Partnership 5,438 (26,049) (34,417)
Net income attributable to noncontrolling interests 783 33,944 50,376
Net (loss) income attributable to AIR (104,127) 474,083 666,227
Net income attributable to AIR preferred stockholders 0 (7,335) (8,593)
Net income attributable to participating securities (202) (604) (1,037)
Net (loss) income attributable to AIR common stockholders $ (104,329) $ 466,144 $ 656,597
(Loss) earnings per common share – basic      
(Loss) income from continuing operations attributable to AIR per common share $ (0.94) $ 3.75 $ 5.21
Income from discontinued operations attributable to AIR per common share 0.09 0.16 0.17
Net (loss) income attributable to AIR per common share – basic (0.85) 3.91 5.38
(Loss) earnings per common share – diluted      
(Loss) income from continuing operations attributable to AIR per common share (0.94) 3.74 5.20
Income from discontinued operations attributable to AIR per common share 0.09 0.16 0.17
Net (loss) income attributable to AIR per common share – diluted $ (0.85) $ 3.90 $ 5.37
Weighted average common shares/units outstanding - basic 122,446 119,307 122,097
Weighted average common shares/units outstanding - diluted 122,446 119,533 122,243
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships $ 798 $ (187) $ (8,220)
AIMCO Properties, LP [Member]      
REVENUES:      
Total revenues 719,556 770,602 840,247
OPERATING EXPENSES:      
Depreciation and amortization 320,943 317,283 329,394
General and administrative expenses 46,377 49,615 49,636
Provision for real estate impairment loss 47,281 0 0
Other expenses (income), net 73,860 16,737 (574)
Total operating expenses 737,497 644,876 664,101
Interest income 12,374 9,300 9,326
Interest expense (160,359) (150,888) (179,805)
Gain on dispositions of real estate and the Asset Management business 119,215 503,168 677,463
Mezzanine / Unconsolidated partnerships investment income, net 27,576 1,531 0
Loss from unconsolidated real estate partnerships 0 0 (864)
(Loss) income from continuing operations before income tax (expense) benefit and discontinued operations (19,135) 488,837 682,266
Income tax (expense) benefit (Note 11) (95,437) (305) 13,346
Income from discontinued operations, net of tax 11,228 19,495 20,991
Net (loss) income (103,344) 508,027 716,603
Noncontrolling interests:      
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 798 (187) (8,220)
Net (loss) income attributable to AIR (102,546) 507,840 708,383
Net income attributable to AIR preferred stockholders (7,019) (15,043) (16,332)
Net income attributable to participating securities (202) (620) (1,177)
Net (loss) income attributable to AIR common stockholders $ (109,767) $ 492,177 $ 690,874
(Loss) earnings per common share – basic      
(Loss) income from continuing operations attributable to AIR per common share $ (0.94) $ 3.75 $ 5.22
Income from discontinued operations attributable to AIR per common share 0.09 0.16 0.16
Net (loss) income attributable to AIR per common share – basic (0.85) 3.91 5.38
(Loss) earnings per common share – diluted      
(Loss) income from continuing operations attributable to AIR per common share (0.94) 3.74 5.22
Net (loss) income attributable to AIR per common share – diluted (0.85) 3.90 5.38
Income from discontinued operations attributable to the AIR Operating Partnership per common unit $ 0.09 $ 0.16 $ 0.16
Weighted average common shares/units outstanding - basic 128,775 125,893 128,323
Weighted average common shares/units outstanding - diluted 128,775 126,164 128,469
(Loss) income from continuing operations $ (114,572) $ 488,532 $ 695,612
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 798 (187) (8,220)
Rental and Other Property Revenues [Member]      
REVENUES:      
Total revenues 719,556 770,602 790,430
OPERATING EXPENSES:      
Property operating expenses 249,036 261,241 264,724
Asset Management Business [Member]      
REVENUES:      
Total revenues 0 0 49,817
OPERATING EXPENSES:      
Property operating expenses 0 0 20,921
Asset Management Business [Member] | AIMCO Properties, LP [Member]      
REVENUES:      
Total revenues 0 0 49,817
OPERATING EXPENSES:      
Property operating expenses 0 0 20,921
Real Estate | AIMCO Properties, LP [Member]      
REVENUES:      
Total revenues 719,556 770,602 790,430
OPERATING EXPENSES:      
Property operating expenses $ 249,036 $ 261,241 $ 264,724