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Earnings Per Share and Per Unit (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2025 and 2024, are as follows (in thousands, except per share and per unit data):

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

(79,314

)

 

$

(27,347

)

 

$

(123,110

)

 

$

(108,539

)

Less: Net (income) loss attributable to redeemable noncontrolling
   interests in consolidated real estate partnerships

 

(3,582

)

 

 

(3,659

)

 

 

(9,411

)

 

 

(10,817

)

Less: Net (income) loss attributable to noncontrolling interests
   in consolidated real estate partnerships

 

(105

)

 

 

572

 

 

 

(633

)

 

 

1,399

 

Less: Net (income) loss from continuing operations attributable to common noncontrolling
   interests in Aimco Operating Partnership

 

3,492

 

 

 

1,599

 

 

 

6,103

 

 

 

6,185

 

Less: Net (income) loss allocated to Aimco participating securities

 

(3,590

)

 

 

—

 

 

 

(3,590

)

 

 

—

 

Income (loss) from continuing operations attributable to Aimco common stockholders

 

(83,099

)

 

 

(28,835

)

 

 

(130,641

)

 

 

(111,772

)

Income (loss) from discontinued operations, net of taxes

 

382,306

 

 

 

7,282

 

 

 

397,415

 

 

 

20,175

 

Less: Net (income) loss from discontinued operations attributable to common noncontrolling
   interests in Aimco Operating Partnership

 

(16,084

)

 

 

(383

)

 

 

(16,871

)

 

 

(1,051

)

Income (loss) from discontinued operations attributable to Aimco common stockholders

 

366,222

 

 

 

6,899

 

 

 

380,544

 

 

 

19,124

 

Net income (loss) attributable to Aimco common stockholders

$

283,123

 

 

$

(21,936

)

 

$

249,903

 

 

$

(92,648

)

 

 

 

 

 

 

 

 

 

 

 

 

Denominator - shares:

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common stock outstanding

 

138,946

 

 

 

136,749

 

 

 

137,738

 

 

 

139,044

 

Diluted share equivalents outstanding

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted weighted-average common stock outstanding

 

138,946

 

 

 

136,749

 

 

 

137,738

 

 

 

139,044

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to Aimco per common share

$

(0.60

)

 

$

(0.21

)

 

$

(0.95

)

 

$

(0.80

)

Income (loss) from discontinued operations attributable to Aimco per common share

 

2.64

 

 

 

0.05

 

 

 

2.75

 

 

 

0.13

 

Net income (loss) attributable to Aimco per common share – basic

$

2.04

 

 

$

(0.16

)

 

$

1.80

 

 

$

(0.67

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - diluted

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to Aimco per common share

$

(0.60

)

 

$

(0.21

)

 

$

(0.95

)

 

$

(0.80

)

Income (loss) from discontinued operations attributable to Aimco per common share

 

2.64

 

 

 

0.05

 

 

 

2.75

 

 

 

0.13

 

Net income (loss) attributable to Aimco per common share – diluted

$

2.04

 

 

$

(0.16

)

 

$

1.80

 

 

$

(0.67

)

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Earnings per unit

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

(79,314

)

 

$

(27,347

)

 

$

(123,110

)

 

$

(108,539

)

Less: Net (income) loss attributable to redeemable noncontrolling
   interests in consolidated real estate partnerships

 

(3,582

)

 

 

(3,659

)

 

 

(9,411

)

 

 

(10,817

)

Less: Net (income) loss attributable to noncontrolling interests
   in consolidated real estate partnerships

 

(105

)

 

 

572

 

 

 

(633

)

 

 

1,399

 

Less: Net (income) loss allocated to Aimco participating securities

 

(3,774

)

 

 

—

 

 

 

(3,774

)

 

 

—

 

Income (loss) from continuing operations attributable to Aimco Operating Partnership's common unitholders

 

(86,775

)

 

 

(30,434

)

 

 

(136,928

)

 

 

(117,957

)

Income (loss) from discontinued operations attributable to Aimco Operating Partnership's common unitholders

 

382,306

 

 

 

7,282

 

 

 

397,415

 

 

 

20,175

 

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

$

295,531

 

 

$

(23,152

)

 

$

260,487

 

 

$

(97,782

)

 

 

 

 

 

 

 

 

 

 

 

 

Denominator - units

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average OP Units outstanding

 

145,048

 

 

 

144,366

 

 

 

144,798

 

 

 

146,683

 

Diluted OP Unit equivalents outstanding

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted weighted-average OP Units outstanding

 

145,048

 

 

 

144,366

 

 

 

144,798

 

 

 

146,683

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per unit - basic

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to Aimco Operating Partnership per unit

$

(0.60

)

 

$

(0.21

)

 

$

(0.95

)

 

$

(0.80

)

Income (loss) from discontinued operations attributable to Aimco Operating Partnership per unit

 

2.64

 

 

 

0.05

 

 

 

2.75

 

 

 

0.13

 

Net income (loss) attributable to Aimco per unit – basic

$

2.04

 

 

$

(0.16

)

 

$

1.80

 

 

$

(0.67

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per unit - diluted

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations attributable to Aimco Operating Partnership per unit

$

(0.60

)

 

$

(0.21

)

 

$

(0.95

)

 

$

(0.80

)

Income (loss)from discontinued operations attributable to Aimco Operating Partnership per unit

 

2.64

 

 

 

0.05

 

 

 

2.75

 

 

 

0.13

 

Net income (loss) attributable to Aimco Operating Partnership per unit – diluted

$

2.04

 

 

$

(0.16

)

 

$

1.80

 

 

$

(0.67

)