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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
Total revenues $ 200,871 $ 191,777 $ 565,849 $ 546,523
EXPENSES        
Property operating expenses 71,250 73,925 198,273 203,300
Depreciation and amortization 90,445 81,121 253,650 232,192
General and administrative expenses 7,663 5,875 19,593 15,510
Other expenses, net 4,941 3,816 5,883 9,207
Total operating expenses 174,299 164,737 477,399 460,209
Interest income 9,613 13,432 48,746 45,088
Interest expense (32,656) (30,530) (80,790) (100,212)
Loss on extinguishment of debt 0 (6,673) (23,636) (44,833)
Gain on dispositions of real estate and derecognition of leased properties 0 7,127 587,609 94,512
Loss from unconsolidated real estate partnerships (87) 0 (2,974) 0
Income before income tax (expense) benefit 3,442 10,396 617,405 80,869
Income tax (expense) benefit     (966) (770)
Net income 3,396 10,671 616,439 80,099
Noncontrolling interests:        
Net loss attributable to noncontrolling interests in consolidated real estate partnerships 102 785 285 3,417
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership (1,602) (1,603) (4,807) (4,810)
Net income attributable to common noncontrolling interests in AIR Operating Partnership (137) (475) (37,053) (3,966)
Net income attributable to noncontrolling interests (1,637) (1,293) (41,575) (5,359)
Net income attributable to AIR 1,759 9,378 574,864 74,740
Net income attributable to AIR preferred stockholders (43) (43) (128) (136)
Net (income) loss attributable to participating securities 44 (46) (373) (149)
Net income attributable to AIR common stockholders $ 1,760 $ 9,289 $ 574,363 $ 74,455
Earnings (loss) per common share - diluted        
Net income attributable to AIR common stockholders per share - basic $ 0.01 $ 0.06 $ 3.69 $ 0.49
Net income attributable to AIR common stockholders per share - diluted $ 0.01 $ 0.06 $ 3.68 $ 0.48
Weighted average common shares/units outstanding - basic 153,811 156,646 155,488 153,289
Weighted average common shares/units outstanding - diluted 154,057 157,042 157,440 153,650
Continuing Operations [Member]        
EXPENSES        
Income tax (expense) benefit $ (46) $ 275 $ (966) $ (770)
Rental And Other Property Revenues [Member]        
REVENUES        
Total revenues 198,413 190,082 558,686 541,533
Other Revenues [Member]        
REVENUES        
Total revenues 2,458 1,695 7,163 4,990
Apartment Income REIT, L.P. [Member]        
REVENUES        
Total revenues 200,871 191,777 565,849 546,523
EXPENSES        
Property operating expenses 71,250 73,925 198,273 203,300
Depreciation and amortization 90,445 81,121 253,650 232,192
General and administrative expenses 7,663 5,875 19,593 15,510
Other expenses, net 4,941 3,816 5,883 9,207
Total operating expenses 174,299 164,737 477,399 460,209
Interest income 9,613 13,432 48,746 45,088
Interest expense (32,656) (30,530) (80,790) (100,212)
Loss on extinguishment of debt 0 (6,673) (23,636) (44,833)
Gain on dispositions of real estate and derecognition of leased properties 0 7,127 587,609 94,512
Loss from unconsolidated real estate partnerships (87) 0 (2,974) 0
Income before income tax (expense) benefit 3,442 10,396 617,405 80,869
Income tax (expense) benefit     (966) (770)
Net income 3,396 10,671 616,439 80,099
Noncontrolling interests:        
Net loss attributable to noncontrolling interests in consolidated real estate partnerships 102 785 285 3,417
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership (1,645) (1,646) (4,935) (4,946)
Net income attributable to AIR 3,498 11,456 616,724 83,516
Net (income) loss attributable to participating securities 44 (46) (373) (149)
Net income attributable to AIR common stockholders $ 1,897 $ 9,764 $ 611,416 $ 78,421
Earnings (loss) per common share - diluted        
Net income attributable to AIR common stockholders per share - basic $ 0.01 $ 0.06 $ 3.69 $ 0.49
Net income attributable to AIR common stockholders per share - diluted $ 0.01 $ 0.06 $ 3.68 $ 0.48
Weighted average common shares/units outstanding - basic 163,866 164,603 165,578 161,336
Weighted average common shares/units outstanding - diluted 164,112 164,999 167,529 161,697
Apartment Income REIT, L.P. [Member] | Continuing Operations [Member]        
EXPENSES        
Income tax (expense) benefit $ (46) $ 275 $ (966) $ (770)
Apartment Income REIT, L.P. [Member] | Rental And Other Property Revenues [Member]        
REVENUES        
Total revenues 198,413 190,082 558,686 541,533
Apartment Income REIT, L.P. [Member] | Other Revenues [Member]        
REVENUES        
Total revenues $ 2,458 $ 1,695 $ 7,163 $ 4,990