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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES        
Rental and other property revenues $ 50,697 $ 40,418 $ 100,691 $ 80,222
OPERATING EXPENSES        
Property operating expenses 19,708 16,403 38,929 33,345
Depreciation and amortization 34,863 20,639 57,981 41,356
General and administrative expenses 8,961 7,383 18,433 13,694
Total operating expenses 63,532 44,425 115,343 88,395
Interest expense (41,546) (12,638) (56,147) (25,315)
Mezzanine investment income, net 8,330 7,551 16,567 15,018
Realized and unrealized gains (losses) on interest rate options 20,017 (16,970) 38,795 8,377
Realized and unrealized gains (losses) on equity investments 26,630 875 22,297 875
Gain on dispositions of real estate 94,598   94,465  
Lease modification income 205,387   205,387  
Other (expense) income, net (1,413) 2,043 (1,488) 2,406
Income (expense) before income tax benefit 299,168 (23,146) 305,224 (6,812)
Income tax (expense) benefit (45,957) 2,760 (41,901) 7,860
Net income (loss) 253,211 (20,386) 263,323 1,048
Noncontrolling interests:        
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (1,069) (66) (2,539) 86
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (346) (275) (344) (566)
Net income (loss) attributable to common noncontrolling interests in Aimco Operating Partnership (12,659) 1,037 (13,094) (44)
Net income (loss) attributable to Aimco $ 239,137 $ (19,690) $ 247,346 $ 524
Net income (loss) attributable to Aimco per common share -basic (Note 6) $ 1.58 $ (0.13) $ 1.63 $ 0.00
Net income (loss) attributable to Aimco per common share - diluted (Note 6) $ 1.57 $ (0.13) $ 1.62 $ 0.00
Weighted-average common shares/units outstanding - basic 149,600 149,166 149,694 149,082
Weighted-average common shares/units outstanding - diluted 150,423 149,166 150,660 149,442
Aimco OP L.P. [Member]        
REVENUES        
Rental and other property revenues $ 50,697 $ 40,418 $ 100,691 $ 80,222
OPERATING EXPENSES        
Property operating expenses 19,708 16,403 38,929 33,345
Depreciation and amortization 34,863 20,639 57,981 41,356
General and administrative expenses 8,961 7,383 18,433 13,694
Total operating expenses 63,532 44,425 115,343 88,395
Interest expense (41,546) (12,638) (56,147) (25,315)
Mezzanine investment income, net 8,330 7,551 16,567 15,018
Realized and unrealized gains (losses) on interest rate options 20,017 (16,970) 38,795 8,377
Realized and unrealized gains (losses) on equity investments 26,630 875 22,297 875
Gain on dispositions of real estate 94,598   94,465  
Lease modification income 205,387   205,387  
Other (expense) income, net (1,413) 2,043 (1,488) 2,406
Income (expense) before income tax benefit 299,168 (23,146) 305,224 (6,812)
Income tax (expense) benefit (45,957) 2,760 (41,901) 7,860
Net income (loss) 253,211 (20,386) 263,323 1,048
Noncontrolling interests:        
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (1,069) (66) (2,539) 86
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (346) (275) (344) (566)
Net income (loss) attributable to Aimco $ 251,796 $ (20,727) $ 260,440 $ 568
Net income (loss) attributable to Aimco per common share -basic (Note 6) $ 1.58 $ (0.13) $ 1.63 $ 0.00
Net income (loss) attributable to Aimco per common share - diluted (Note 6) $ 1.57 $ (0.13) $ 1.62 $ 0.00
Weighted-average common shares/units outstanding - basic 157,525 157,134 157,621 157,093
Weighted-average common shares/units outstanding - diluted 158,447 157,134 158,666 157,453