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Earnings per Share and per Unit (Tables)
 9 Months Ended
Sep. 30, 2024
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, 2024 and 2023, are as follows (in thousands, except per share and per unit data):

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Aimco

$

(21,936

)

 

$

(2,260

)

 

$

(92,648

)

 

$

(14,697

)

Net income (loss) allocated to Aimco participating securities

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Net income (loss) attributable to Aimco common stockholders

$

(21,936

)

 

$

(2,260

)

 

$

(92,648

)

 

$

(14,697

)

 

 

 

 

 

 

 

 

 

 

 

 

Denominator - shares:

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common stock outstanding

 

136,749

 

 

 

143,299

 

 

 

139,044

 

 

 

144,431

 

Diluted share equivalents outstanding

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted weighted-average common stock outstanding

 

136,749

 

 

 

143,299

 

 

 

139,044

 

 

 

144,431

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic

$

(0.16

)

 

$

(0.02

)

 

$

(0.67

)

 

$

(0.10

)

Earnings (loss) per share - diluted

$

(0.16

)

 

$

(0.02

)

 

$

(0.67

)

 

$

(0.10

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per unit

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Aimco Operating Partnership

$

(23,152

)

 

$

(2,383

)

 

$

(97,782

)

 

$

(15,472

)

Net income (loss) allocated to Aimco Operating Partnership participating securities

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

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

$

(23,152

)

 

$

(2,383

)

 

$

(97,782

)

 

$

(15,472

)

 

 

 

 

 

 

 

 

 

 

 

 

Denominator - units

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average OP Units outstanding

 

144,366

 

 

 

151,027

 

 

 

146,683

 

 

 

152,199

 

Diluted OP Unit equivalents outstanding

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted weighted-average OP Units outstanding

 

144,366

 

 

 

151,027

 

 

 

146,683

 

 

 

152,199

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per unit - basic

$

(0.16

)

 

$

(0.02

)

 

$

(0.67

)

 

$

(0.10

)

Earnings (loss) per unit - diluted

$

(0.16

)

 

$

(0.02

)

 

$

(0.67

)

 

$

(0.10

)