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Earnings per Share and per Unit (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Reconciliations of Numerator and Denominator in Calculations of Basic and Diluted Earnings per Share and per Unit

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, 2023 and 2022, are as follows (in thousands, except per share and per unit data):

 

Three Months Ended
 September 30,

 

 

Nine Months Ended
 September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Aimco

$

(2,260

)

 

$

29,472

 

 

$

(14,697

)

 

$

276,817

 

Net income allocated to Aimco participating securities

 

—

 

 

 

(405

)

 

 

—

 

 

 

(3,806

)

Net income (loss) attributable to Aimco common stockholders

$

(2,260

)

 

$

29,067

 

 

$

(14,697

)

 

$

273,011

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator - shares:

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common stock outstanding

 

143,299

 

 

 

149,611

 

 

 

144,431

 

 

 

149,706

 

Diluted share equivalents outstanding

 

—

 

 

 

1,586

 

 

 

—

 

 

 

1,370

 

Diluted weighted-average common stock outstanding

 

143,299

 

 

 

151,197

 

 

 

144,431

 

 

 

151,076

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic

$

(0.02

)

 

$

0.19

 

 

$

(0.10

)

 

$

1.82

 

Earnings (loss) per share - diluted

$

(0.02

)

 

$

0.19

 

 

$

(0.10

)

 

$

1.81

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per unit

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Aimco Operating Partnership

$

(2,383

)

 

$

31,026

 

 

$

(15,472

)

 

$

291,465

 

Net income allocated to Aimco Operating Partnership participating securities

 

—

 

 

 

(421

)

 

 

—

 

 

 

(3,964

)

Net income (loss) attributable to Aimco Operating Partnership's common unit holders

$

(2,383

)

 

$

30,605

 

 

$

(15,472

)

 

$

287,501

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator - units

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common partnership units outstanding

 

151,027

 

 

 

157,530

 

 

 

152,199

 

 

 

157,627

 

Diluted partnership unit equivalents outstanding

 

—

 

 

 

1,606

 

 

 

—

 

 

 

1,390

 

Diluted weighted-average common partnership units outstanding

 

151,027

 

 

 

159,136

 

 

 

152,199

 

 

 

159,017

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per unit - basic

$

(0.02

)

 

$

0.19

 

 

$

(0.10

)

 

$

1.82

 

Earnings (loss) per unit - diluted

$

(0.02

)

 

$

0.19

 

 

$

(0.10

)

 

$

1.81