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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES:        
Rental and other property revenues $ 273,384 $ 266,728 $ 545,176 $ 533,332
Asset management and tax credit revenues 7,651 9,796 16,887 14,497
Total revenues 281,035 276,524 562,063 547,829
OPERATING EXPENSES:        
Property operating expenses 117,379 123,126 240,908 250,266
Investment management expenses 2,187 5,141 5,219 8,370
Depreciation and amortization 94,084 102,809 193,117 206,092
General and administrative expenses 12,372 15,184 23,498 26,919
Other expenses (income), net 5,222 (4,485) 9,156 (2,148)
Total operating expenses 231,244 241,775 471,898 489,499
Operating income 49,791 34,749 90,165 58,330
Interest income 2,254 1,909 4,502 5,080
(Provision for) recovery of losses on notes receivable, net (36) 148 (53) (278)
Interest expense (96,716) (76,203) (171,805) (152,579)
Equity in (losses) earnings of unconsolidated real estate partnerships (1,798) (5,295) (3,446) 3,853
Gain on dispositions of unconsolidated real estate and other 808 3,041 2,021 4,485
Loss before income taxes and discontinued operations (45,697) (41,651) (78,616) (81,109)
Income tax benefit 2,257 3,385 4,765 7,151
Loss from continuing operations (43,440) (38,266) (73,851) (73,958)
Income from discontinued operations, net 16,469 28,096 19,603 47,028
Net loss (26,971) (10,170) (54,248) (26,930)
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 2,771 2,716 10,076 (9,418)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,671) (1,683) (3,342) (3,376)
Net loss attributable to common noncontrolling interests in Aimco Operating Partnership 2,420 1,312 4,803 4,381
Total noncontrolling interests 3,520 2,345 11,537 (8,413)
Net loss attributable to Aimco (23,451) (7,825) (42,711) (35,343)
Net income attributable to Aimco preferred stockholders (9,672) (10,128) (22,128) (23,050)
Net income attributable to participating securities (54) (42) (111)  
Net loss attributable to Aimco common stockholders $ (33,177) $ (17,995) $ (64,950) $ (58,393)
Earnings (loss) attributable to Aimco per common share - basic and diluted (Note 6):        
Loss from continuing operations attributable to Aimco common stockholders $ (0.35) $ (0.33) $ (0.66) $ (0.75)
Income from discontinued operations attributable to Aimco common stockholders $ 0.07 $ 0.18 $ 0.11 $ 0.25
Net loss attributable to Aimco common stockholders $ (0.28) $ (0.15) $ (0.55) $ (0.50)
Weighted average common shares outstanding, basic and diluted 119,156 116,323 118,238 116,179
Dividends declared per common share $ 0.12 $ 0.10 $ 0.24 $ 0.10