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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Rental and other property revenues$ 269,525$ 263,481$ 805,749$ 788,057
Asset management and tax credit revenues11,8859,71128,77224,208
Total revenues281,410273,192834,521812,265
OPERATING EXPENSES:    
Property operating expenses119,903116,786356,634362,784
Investment management expenses2,3862,6097,60410,979
Depreciation and amortization97,321101,704287,739305,066
Provision for operating real estate impairment losses149 149 
General and administrative expenses12,66412,09636,16239,015
Other expenses, net4,8704,41613,9522,173
Total operating expenses237,293237,611702,240720,017
Operating income44,11735,581132,28192,248
Recovery of (provision for) losses on notes receivable, net233(6)180(284)
Interest income3,2732,3627,7717,437
Interest expense(73,152)(74,544)(243,169)(225,305)
Equity in losses of unconsolidated real estate partnerships(4,987)(15,653)(8,432)(11,799)
Gain on dispositions of unconsolidated real estate and other3,0958835,1155,368
Loss before income taxes and discontinued operations(27,421)(51,377)(106,254)(132,335)
Income tax benefit1,1104,3855,70411,042
Loss from continuing operations(26,311)(46,992)(100,550)(121,293)
Income from discontinued operations, net30,96818,51050,95965,881
Net income (loss)4,657(28,482)(49,591)(55,412)
Noncontrolling interests:    
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships(5,464)11,2134,6121,795
Net (income) loss attributable to preferred noncontrolling interests in Aimco Operating Partnership(1,670)84(5,012)(3,292)
Net loss attributable to common noncontrolling interests in Aimco Operating Partnership1,0352,2635,8386,644
Total noncontrolling interests(6,099)13,5605,4385,147
Net loss attributable to Aimco(1,442)(14,922)(44,153)(50,265)
Net income attributable to Aimco preferred stockholders(13,301)(13,576)(35,429)(36,626)
Net income attributable to participating securities(58)(2)(169) 
Net loss attributable to Aimco common stockholders$ (14,801)$ (28,500)$ (79,751)$ (86,891)
Earnings (loss) attributable to Aimco per common share - basic and diluted (Note 9):    
Loss from continuing operations attributable to Aimco common stockholders$ (0.26)$ (0.35)$ (0.92)$ (1.10)
Income from discontinued operations attributable to Aimco common stockholders$ 0.14$ 0.10$ 0.25$ 0.35
Net loss attributable to Aimco common stockholders$ (0.12)$ (0.25)$ (0.67)$ (0.75)
Weighted average common shares outstanding, basic and diluted120,339116,434118,939116,264
Dividends declared per common share$ 0.12$ 0.10$ 0.36$ 0.20