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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
Rental and other property revenues $ 208,679 $ 186,995 $ 190,344
OPERATING EXPENSES      
Property operating expenses 90,984 73,712 71,792
Depreciation and amortization 86,359 68,834 158,967
General and administrative expenses 32,837 32,865 39,673
Total operating expenses 210,180 175,411 270,432
Interest income 9,652 9,731 4,052
Interest expense (70,057) (37,718) (73,842)
Realized and unrealized gains (losses) on interest rate contracts 1,752 1,119 48,205
Realized and unrealized gains (losses) on equity investments (49,504) 700 20,302
Gain on dispositions of real estate 10,600 7,984 175,863
Lease modification income     206,963
Other income (expense), net (5,581) (7,657) (12,794)
Income (loss) before income tax (107,071) (170,071) 109,422
Income tax benefit (expense) 11,071 12,752 (17,264)
Net income (loss) (96,000) (157,319) 92,158
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (13,958) (13,924) (8,829)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships 1,849 (3,991) (3,672)
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership 5,641 9,038 (3,931)
Net income (loss) attributable to Aimco $ (102,468) $ (166,196) $ 75,726
Net income (loss) attributable to Aimco Operating Partnership per common unit - basic (Note 10) $ (0.75) $ (1.16) $ 0.5
Net income (loss) attributable to Aimco Operating Partnership per common unit - diluted (Note 10) $ (0.75) $ (1.16) $ 0.49
Weighted-average common shares/units outstanding - basic 138,496 143,618 149,395
Weighted-average common shares/units outstanding - diluted 138,496 143,618 150,834
Aimco OP L.P. [Member]      
REVENUES      
Rental and other property revenues $ 208,679 $ 186,995 $ 190,344
OPERATING EXPENSES      
Property operating expenses 90,984 73,712 71,792
Depreciation and amortization 86,359 68,834 158,967
General and administrative expenses 32,837 32,865 39,673
Total operating expenses 210,180 175,411 270,432
Interest income 9,652 9,731 4,052
Interest expense (70,057) (37,718) (73,842)
Realized and unrealized gains (losses) on interest rate contracts 1,752 1,119 48,205
Realized and unrealized gains (losses) on equity investments (49,504) 700 20,302
Gain on dispositions of real estate 10,600 7,984 175,863
Lease modification income     206,963
Other income (expense), net (5,581) (7,657) (12,794)
Income (loss) before income tax (107,071) (170,071) 109,422
Income tax benefit (expense) 11,071 12,752 (17,264)
Net income (loss) (96,000) (157,319) 92,158
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (13,958) (13,924) (8,829)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships 1,849 (3,991) (3,672)
Net income (loss) attributable to Aimco $ (108,109) $ (175,234) $ 79,657
Net income (loss) attributable to Aimco Operating Partnership per common unit - basic (Note 10) $ (0.75) $ (1.16) $ 0.5
Net income (loss) attributable to Aimco Operating Partnership per common unit - diluted (Note 10) $ (0.75) $ (1.16) $ 0.49
Weighted-average common shares/units outstanding - basic 146,120 151,371 157,317
Weighted-average common shares/units outstanding - diluted 146,120 151,371 158,774
Mezzanine Investment [Member]      
OPERATING EXPENSES      
Mezzanine investment income (loss), net $ (2,432) $ (155,814) $ (179,239)
Mezzanine Investment [Member] | Aimco OP L.P. [Member]      
OPERATING EXPENSES      
Mezzanine investment income (loss), net $ (2,432) $ (155,814) $ (179,239)