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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
REVENUES        
Rental and other property revenues $ 47,701 $ 47,683 $ 137,643 $ 148,375
OPERATING EXPENSES        
Property operating expenses 18,328 17,455 54,648 56,384
Depreciation and amortization 17,804 85,438 51,106 143,420
General and administrative expenses 8,198 10,809 24,487 29,243
Total operating expenses 44,330 113,702 130,241 229,047
Interest income 2,486 915 7,022 2,036
Interest expense (8,252) (9,719) (27,633) (65,865)
Realized and unrealized gains (losses) on interest rate options 955 9,209 3,280 48,005
Realized and unrealized gains (losses) on equity investments (1,066) (2,145) 165 20,152
Gain on dispositions of real estate   75,539 1,878 170,004
Lease modification income   1,577   206,963
Other income (expense), net (1,593) (1,329) (6,490) (4,238)
Income (loss) before income tax (4,536) 16,610 (14,775) 321,834
Income tax benefit (expense) 6,210 17,563 10,823 (24,338)
Net income (loss) 1,674 34,173 (3,952) 297,496
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (3,610) (2,907) (10,460) (5,446)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (447) (240) (1,060) (585)
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership 123 (1,554) 775 (14,648)
Net income (loss) attributable to Aimco $ (2,260) $ 29,472 $ (14,697) $ 276,817
Net income (loss) attributable to Aimco per common share - basic (Note 4) $ (0.02) $ 0.19 $ (0.1) $ 1.82
Net income (loss) attributable to Aimco per common share - diluted (Note 4) $ (0.02) $ 0.19 $ (0.1) $ 1.81
Weighted-average common shares/units outstanding - basic 143,299 149,611 144,431 149,706
Weighted-average common shares/units outstanding - diluted 143,299 151,197 144,431 151,076
Aimco OP L.P. [Member]        
REVENUES        
Rental and other property revenues $ 47,701 $ 47,683 $ 137,643 $ 148,375
OPERATING EXPENSES        
Property operating expenses 18,328 17,455 54,648 56,384
Depreciation and amortization 17,804 85,438 51,106 143,420
General and administrative expenses 8,198 10,809 24,487 29,243
Total operating expenses 44,330 113,702 130,241 229,047
Interest income 2,486 915 7,022 2,036
Interest expense (8,252) (9,719) (27,633) (65,865)
Realized and unrealized gains (losses) on interest rate options 955 9,209 3,280 48,005
Realized and unrealized gains (losses) on equity investments (1,066) (2,145) 165 20,152
Gain on dispositions of real estate   75,539 1,878 170,004
Lease modification income   1,577   206,963
Other income (expense), net (1,593) (1,329) (6,490) (4,238)
Income (loss) before income tax (4,536) 16,610 (14,775) 321,834
Income tax benefit (expense) 6,210 17,563 10,823 (24,338)
Net income (loss) 1,674 34,173 (3,952) 297,496
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (3,610) (2,907) (10,460) (5,446)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (447) (240) (1,060) (585)
Net income (loss) attributable to Aimco $ (2,383) $ 31,026 $ (15,472) $ 291,465
Net income (loss) attributable to Aimco per common share - basic (Note 4) $ (0.02) $ 0.19 $ (0.1) $ 1.82
Net income (loss) attributable to Aimco per common share - diluted (Note 4) $ (0.02) $ 0.19 $ (0.1) $ 1.81
Weighted-average common shares/units outstanding - basic 151,027 157,530 152,199 157,627
Weighted-average common shares/units outstanding - diluted 151,027 159,136 152,199 159,017
Unconsolidated Real Estate Partnerships Member        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income (loss), net $ 320 $ 159 $ 614 $ 459
Unconsolidated Real Estate Partnerships Member | Aimco OP L.P. [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income (loss), net 320 159 614 459
Mezzanine Investment [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income (loss), net (757) 8,423 (1,013) 24,990
Mezzanine Investment [Member] | Aimco OP L.P. [Member]        
OPERATING EXPENSES        
Mezzanine / Unconsolidated partnerships investment income (loss), net $ (757) $ 8,423 $ (1,013) $ 24,990