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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES        
Rental and other property revenues $ 40,418 $ 37,165 $ 80,222 $ 75,474
OPERATING EXPENSES        
Property operating expenses 16,403 15,322 33,345 30,671
Depreciation and amortization 20,639 19,030 41,356 38,377
General and administrative expenses 7,383 1,625 13,694 3,387
Total operating expenses 44,425 35,977 88,395 72,435
Interest expense (12,638) (5,809) (25,315) (11,460)
Mezzanine investment income, net 7,551 6,936 15,018 13,683
Unrealized gains (losses) on interest rate options (16,970) (1,080) 8,377 (1,080)
Other expenses, net 2,918 (154) 3,281 (569)
(Loss) income before income tax benefit (23,146) 1,081 (6,812) 3,613
Income tax benefit 2,760 2,032 7,860 4,055
Net (loss) income (20,386) 3,113 1,048 7,668
Noncontrolling interests:        
Net (income) loss attributable to redeemable noncontrolling interest in consolidated real estate partnership (66) 125 86 228
Net (income) attributable to noncontrolling interests in consolidated real estate partnerships (275) (10) (566) (5)
Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership 1,037 (165) (44) (400)
Net (loss) income attributable to Aimco common stockholders $ (19,690) $ 3,063 $ 524 $ 7,491
Net (loss) income attributable to Aimco per common share – basic $ (0.13) $ 0.02 $ 0.00 $ 0.05
Net (loss) income attributable to Aimco per common share – diluted $ (0.13) $ 0.02 $ 0.00 $ 0.05
Weighted average common shares/units outstanding - basic 149,166 148,549 149,082 148,549
Weighted average common shares/units outstanding - diluted 149,166 148,569 149,442 148,569
Aimco OP L.P. [Member]        
REVENUES        
Rental and other property revenues $ 40,418 $ 37,165 $ 80,222 $ 75,474
OPERATING EXPENSES        
Property operating expenses 16,403 15,322 33,345 30,671
Depreciation and amortization 20,639 19,030 41,356 38,377
General and administrative expenses 7,383 1,625 13,694 3,387
Total operating expenses 44,425 35,977 88,395 72,435
Interest expense (12,638) (5,809) (25,315) (11,460)
Mezzanine investment income, net 7,551 6,936 15,018 13,683
Unrealized gains (losses) on interest rate options (16,970) (1,080) 8,377 (1,080)
Other expenses, net 2,918 (154) 3,281 (569)
(Loss) income before income tax benefit (23,146) 1,081 (6,812) 3,613
Income tax benefit 2,760 2,032 7,860 4,055
Net (loss) income (20,386) 3,113 1,048 7,668
Noncontrolling interests:        
Net (income) loss attributable to redeemable noncontrolling interest in consolidated real estate partnership (66) 125 86 228
Net (income) attributable to noncontrolling interests in consolidated real estate partnerships (275) (10) (566) (5)
Net (loss) income attributable to Aimco common stockholders $ (20,727) $ 3,228 $ 568 $ 7,891
Net (loss) income attributable to Aimco per common share – basic $ (0.13) $ 0.02 $ 0.00 $ 0.05
Net (loss) income attributable to Aimco per common share – diluted $ (0.13) $ 0.02 $ 0.00 $ 0.05
Weighted average common shares/units outstanding - basic 157,134 156,480 157,093 156,480
Weighted average common shares/units outstanding - diluted 157,134 156,500 157,453 156,500