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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
REVENUES        
Rental and other property revenues $ 45,674 $ 50,697 $ 89,942 $ 100,691
OPERATING EXPENSES        
Property operating expenses 18,783 19,708 36,287 38,929
Depreciation and amortization 17,031 34,863 33,302 57,981
General and administrative expenses 7,890 8,961 16,293 18,433
Total operating expenses 43,704 63,532 85,882 115,343
Interest income 2,478 565 4,536 1,121
Interest expense (9,656) (41,546) (19,381) (56,147)
Realized and unrealized gains (losses) on interest rate options 3,383 20,017 2,326 38,795
Realized and unrealized gains (losses) on equity investments 1,094 26,630 1,231 22,297
Gain on dispositions of real estate 1,878 94,598 1,878 94,465
Lease modification income   205,387   205,387
Other income (expense), net (1,413) (2,022) (4,910) (2,909)
Income (loss) before income tax (273) 299,168 (10,222) 305,224
Income tax benefit (expense) 417 (45,957) 4,613 (41,901)
Net income (loss) 144 253,211 (5,609) 263,323
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (3,576) (1,069) (6,849) (2,539)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (348) (346) (613) (344)
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership 178 (12,659) 652 (13,094)
Net income (loss) attributable to Aimco $ (3,602) $ 239,137 $ (12,419) $ 247,346
Net income (loss) attributable to Aimco per common share - basic (Note 4) $ (0.02) $ 1.58 $ (0.09) $ 1.63
Net income (loss) attributable to Aimco per common share - diluted (Note 4) $ (0.02) $ 1.57 $ (0.09) $ 1.62
Weighted-average common shares/units outstanding - basic 144,195 149,600 145,007 149,694
Weighted-average common shares/units outstanding - diluted 144,195 150,423 145,007 150,660
Aimco OP L.P. [Member]        
REVENUES        
Rental and other property revenues $ 45,674 $ 50,697 $ 89,942 $ 100,691
OPERATING EXPENSES        
Property operating expenses 18,783 19,708 36,287 38,929
Depreciation and amortization 17,031 34,863 33,302 57,981
General and administrative expenses 7,890 8,961 16,293 18,433
Total operating expenses 43,704 63,532 85,882 115,343
Interest income 2,478 565 4,536 1,121
Interest expense (9,656) (41,546) (19,381) (56,147)
Realized and unrealized gains (losses) on interest rate options 3,383 20,017 2,326 38,795
Realized and unrealized gains (losses) on equity investments 1,094 26,630 1,231 22,297
Gain on dispositions of real estate 1,878 94,598 1,878 94,465
Lease modification income   205,387   205,387
Other income (expense), net (1,413) (2,022) (4,910) (2,909)
Income (loss) before income tax (273) 299,168 (10,222) 305,224
Income tax benefit (expense) 417 (45,957) 4,613 (41,901)
Net income (loss) 144 253,211 (5,609) 263,323
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (3,576) (1,069) (6,849) (2,539)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (348) (346) (613) (344)
Net income (loss) attributable to Aimco $ (3,780) $ 251,796 $ (13,071) $ 260,440
Net income (loss) attributable to Aimco per common share - basic (Note 4) $ (0.02) $ 1.58 $ (0.09) $ 1.63
Net income (loss) attributable to Aimco per common share - diluted (Note 4) $ (0.02) $ 1.57 $ (0.09) $ 1.62
Weighted-average common shares/units outstanding - basic 151,966 157,525 152,795 157,621
Weighted-average common shares/units outstanding - diluted 151,966 158,447 152,795 158,666
Unconsolidated Real Estate Partnerships Member        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income (loss), net $ 121 $ 44 $ 295 $ 300
Unconsolidated Real Estate Partnerships Member | Aimco OP L.P. [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income (loss), net 121 44 295 300
Mezzanine Investment [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income (loss), net (128) 8,330 (257) 16,567
Mezzanine Investment [Member] | Aimco OP L.P. [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income (loss), net $ (128) $ 8,330 $ (257) $ 16,567