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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES    
Rental and other property revenues $ 44,268 $ 49,994
OPERATING EXPENSES    
Property operating expenses 17,504 19,221
Depreciation and amortization 16,271 23,118
General and administrative expenses 8,403 9,472
Total operating expenses 42,178 51,811
Interest income 2,058 555
Interest expense (9,725) (14,601)
Realized and unrealized gains (losses) on interest rate options (1,057) 18,778
Realized and unrealized gains (losses) on equity investments 137 (4,332)
Other income (expense), net (3,498) (1,020)
Income (loss) before income tax (9,949) 6,056
Income tax benefit (expense) 4,196 4,056
Net income (loss) (5,753) 10,112
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (3,274) (1,470)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (264) 2
Net income (loss) attributable to common noncontrolling interests in Aimco Operating Partnership 474 (435)
Net income (loss) attributable to Aimco $ (8,817) $ 8,209
Net income (loss) attributable to Aimco per common share -basic (Note 4) $ (0.06) $ 0.05
Net income (loss) attributable to Aimco per common share - diluted (Note 4) $ (0.06) $ 0.05
Weighted-average common shares/units outstanding - basic 145,827 149,790
Weighted-average common shares/units outstanding - diluted 145,827 150,348
Aimco OP L.P. [Member]    
REVENUES    
Rental and other property revenues $ 44,268 $ 49,994
OPERATING EXPENSES    
Property operating expenses 17,504 19,221
Depreciation and amortization 16,271 23,118
General and administrative expenses 8,403 9,472
Total operating expenses 42,178 51,811
Interest income 2,058 555
Interest expense (9,725) (14,601)
Realized and unrealized gains (losses) on interest rate options (1,057) 18,778
Realized and unrealized gains (losses) on equity investments 137 (4,332)
Other income (expense), net (3,498) (1,020)
Income (loss) before income tax (9,949) 6,056
Income tax benefit (expense) 4,196 4,056
Net income (loss) (5,753) 10,112
Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships (3,274) (1,470)
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (264) 2
Net income (loss) attributable to Aimco $ (9,291) $ 8,644
Net income (loss) attributable to Aimco per common share -basic (Note 4) $ (0.06) $ 0.05
Net income (loss) attributable to Aimco per common share - diluted (Note 4) $ (0.06) $ 0.05
Weighted-average common shares/units outstanding - basic 153,631 157,718
Weighted-average common shares/units outstanding - diluted 153,631 158,485
Unconsolidated Real Estate Partnerships Member    
OPERATING EXPENSES    
Mezzanine / Unconsolidated partnerships investment income (loss), net $ 174 $ 256
Unconsolidated Real Estate Partnerships Member | Aimco OP L.P. [Member]    
OPERATING EXPENSES    
Mezzanine / Unconsolidated partnerships investment income (loss), net 174 256
Mezzanine Investment [Member]    
OPERATING EXPENSES    
Mezzanine / Unconsolidated partnerships investment income (loss), net (128) 8,237
Mezzanine Investment [Member] | Aimco OP L.P. [Member]    
OPERATING EXPENSES    
Mezzanine / Unconsolidated partnerships investment income (loss), net $ (128) $ 8,237