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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
REVENUES:      
Rental and other property revenues $ 1,096,925 $ 1,070,965 $ 1,069,423
Asset management and tax credit revenues 35,553 49,853 98,830
Total revenues 1,132,478 1,120,818 1,168,253
OPERATING EXPENSES:      
Property operating expenses 502,780 500,559 513,097
Investment management expenses 14,487 15,779 24,784
Depreciation and amortization 421,825 424,913 373,862
Provision for operating real estate impairment losses 352 2,329  
Provision for impairment losses on real estate development assets     91,138
General and administrative expenses 53,365 56,640 80,376
Other expenses, net 10,130 14,473 21,259
Restructuring costs   11,241 22,802
Total operating expenses 1,002,939 1,025,934 1,127,318
Operating income 129,539 94,884 40,935
Interest income 11,119 9,079 19,475
Provision for losses on notes receivable, net (949) (21,549) (17,577)
Interest expense (311,048) (311,550) (310,341)
Equity in losses of unconsolidated real estate partnerships (23,112) (11,401) (4,736)
Gain on dispositions of unconsolidated real estate and other, net 10,675 21,570 97,403
Loss before income taxes and discontinued operations (183,776) (218,967) (174,841)
Income tax benefit 18,328 17,487 56,574
Loss from continuing operations (165,448) (201,480) (118,267)
Income from discontinued operations, net 75,824 156,680 745,269
Net (loss) income (89,624) (44,800) 627,002
Noncontrolling interests:      
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 13,301 (22,541) (155,727)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (4,964) (6,288) (7,646)
Net loss (income) attributable to common noncontrolling interests in Aimco Operating Partnership 9,559 9,355 (51,622)
Total noncontrolling interests 17,896 (19,474) (214,995)
Net (loss) income attributable to Aimco (71,728) (64,274) 412,007
Net income attributable to Aimco preferred stockholders (53,590) (50,566) (53,708)
Net income attributable to participating securities     (6,985)
Net (loss) income attributable to Aimco common stockholders $ (125,318) $ (114,840) $ 351,314
Earnings (loss) per common share - basic and diluted:      
Loss from continuing operations attributable to Aimco common stockholders $ (1.47) $ (1.78) $ (2.10)
Income from discontinued operations attributable to Aimco common stockholders $ 0.39 $ 0.78 $ 6.06
Net (loss) income attributable to Aimco common stockholders $ (1.08) $ (1.00) $ 3.96
Weighted average common shares outstanding - basic and diluted 116,369 114,301 88,690