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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Rental and other property revenues $ 49,994 $ 39,804
OPERATING EXPENSES    
Property operating expenses 19,221 16,942
Depreciation and amortization 23,118 20,717
General and administrative expenses 9,472 6,311
Total operating expenses 51,811 43,970
Interest expense (14,601) (12,677)
Mezzanine / Unconsolidated partnerships investment income, net 8,237 7,467
Unrealized gains on interest rate options 18,778 25,347
Other (expense) income, net (4,541) 363
Income before income tax benefit 6,056 16,334
Income tax benefit 4,056 5,100
Net income 10,112 21,434
Noncontrolling interests:    
Net (income) loss attributable to redeemable noncontrolling interest in consolidated real estate partnership (1,470) 152
Net loss(income) attributable to noncontrolling interests in consolidated real estate partnerships 2 (291)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (435) (1,081)
Net income attributable to Aimco $ 8,209 $ 20,214
Net income attributable to Aimco per common share -basic (Note 6) $ 0.05 $ 0.14
Net income attributable to Aimco per common share - diluted (Note 6) $ 0.05 $ 0.14
Weighted average common shares/units outstanding - basic 149,790 148,914
Weighted average common shares/units outstanding - diluted 150,348 149,046
Aimco OP L.P. [Member]    
REVENUES    
Rental and other property revenues $ 49,994 $ 39,804
OPERATING EXPENSES    
Property operating expenses 19,221 16,942
Depreciation and amortization 23,118 20,717
General and administrative expenses 9,472 6,311
Total operating expenses 51,811 43,970
Interest expense (14,601) (12,677)
Mezzanine / Unconsolidated partnerships investment income, net 8,237 7,467
Unrealized gains on interest rate options 18,778 25,347
Other (expense) income, net (4,541) 363
Income before income tax benefit 6,056 16,334
Income tax benefit 4,056 5,100
Net income 10,112 21,434
Noncontrolling interests:    
Net (income) loss attributable to redeemable noncontrolling interest in consolidated real estate partnership (1,470) 152
Net loss(income) attributable to noncontrolling interests in consolidated real estate partnerships 2 (291)
Net income attributable to Aimco $ 8,644 $ 21,295
Net income attributable to Aimco per common share -basic (Note 6) $ 0.05 $ 0.14
Net income attributable to Aimco per common share - diluted (Note 6) $ 0.05 $ 0.14
Weighted average common shares/units outstanding - basic 157,718 156,882
Weighted average common shares/units outstanding - diluted 158,485 157,014