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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES:      
Total revenues $ 773,723 $ 740,853 $ 719,556
EXPENSES      
Property operating expenses 261,264 268,101 249,036
Depreciation and amortization 350,945 319,742 320,943
General and administrative expenses 24,939 18,585 46,377
Provision for real estate impairment loss 47,281
Other expenses, net 9,073 27,220 73,860
Total operating expenses 646,221 633,648 737,497
Interest income 50,264 58,651 12,374
Interest expense (116,459) (129,467) (147,035)
Loss on extinguishment of debt (23,636) (156,707) (13,324)
Gain on dispositions of real estate and derecognition of leased properties 939,806 594,861 119,215
Mezzanine investment income, net 0 0 27,576
loss from unconsolidated real estate partnerships (3,504) (565) 0
Income (loss) from continuing operations before income tax benefit (expense) and discontinued operations 973,973 473,978 (19,135)
Income tax benefit (3,923) 5,246 (95,437)
Income (loss) from continuing operations 970,050 479,224 (114,572)
Income from discontinued operations, net of tax 0 0 11,228
Net income (loss) 970,050 479,224 (103,344)
Noncontrolling interests:      
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships 458 (3,243) (798)
Net income attributable to preferred noncontrolling interests in AIR Operating Partnership (6,388) (6,413) (7,019)
Net (income) loss attributable to common noncontrolling interests in AIR Operating Partnership (58,772) (28,433) 5,438
Net (income) loss attributable to noncontrolling interests (65,618) (31,603) (783)
Net income (loss) attributable to the AIR 904,432 447,621 (104,127)
Net income attributable to AIR preferred stockholders (172) (181) 0
Net income attributable to participating securities (618) (316) (202)
Basic net income (loss) attributable to AIR $ 903,642 $ 447,124 $ (104,329)
Earnings (loss) per common unit - basic:      
Income (loss) from continuing operations attributable to AIR per common share $ 5.86 $ 2.90 $ (0.94)
Income (loss) from discontinued operations attributable to AIR per common share 0 0 0.09
Earnings per share - basic 5.86 2.90 (0.85)
Earnings (loss) per common share - diluted      
Income (loss) from continuing operations attributable to AIR per common share/unit 5.81 2.89 (0.94)
Income (loss) from discontinued operations attributable to AIR per common share 0 0 0.09
Earnings per share - diluted $ 5.81 $ 2.89 $ (0.85)
Weighted average common shares/units outstanding - basic 154,093 154,135 122,446
Weighted average common shares/units outstanding - diluted 156,587 154,503 122,446
Apartment Income REIT, L.P [Member]      
REVENUES:      
Total revenues $ 773,723 $ 740,853 $ 719,556
EXPENSES      
Property operating expenses 261,264 268,101 249,036
Depreciation and amortization 350,945 319,742 320,943
General and administrative expenses 24,939 18,585 46,377
Provision for real estate impairment loss 0 0 47,281
Other expenses, net 9,073 27,220 73,860
Total operating expenses 646,221 633,648 737,497
Interest income 50,264 58,651 12,374
Interest expense (116,459) (129,467) (147,035)
Loss on extinguishment of debt (23,636) (156,707) (13,324)
Gain on dispositions of real estate and derecognition of leased properties 939,806 594,861 119,215
Mezzanine investment income, net 0 0 27,576
loss from unconsolidated real estate partnerships (3,504) (565) 0
Income (loss) from continuing operations before income tax benefit (expense) and discontinued operations 973,973 473,978 (19,135)
Income tax benefit (3,923) 5,246 (95,437)
Income (loss) from continuing operations 970,050 479,224 (114,572)
Income from discontinued operations, net of tax 0 0 11,228
Net income (loss) 970,050 479,224 (103,344)
Noncontrolling interests:      
Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships (458) 3,243 798
Net income (loss) attributable to the AIR 969,592 482,467 (102,546)
Net income attributable to AIR preferred stockholders (6,560) (6,594) (7,019)
Net income attributable to participating securities (618) (316) (202)
Basic net income (loss) attributable to AIR $ 962,414 $ 475,557 $ (109,767)
Earnings (loss) per common unit - basic:      
Income (loss) from continuing operations attributable to AIR per common share $ 5.86 $ 2.92 $ (0.94)
Income (loss) from discontinued operations attributable to AIR per common share 0 0 0.09
Earnings per share - basic 5.86 2.92 (0.85)
Earnings (loss) per common share - diluted      
Income (loss) from continuing operations attributable to AIR per common share/unit 5.81 2.92 (0.94)
Income (loss) from discontinued operations attributable to AIR per common share 0 0 0.09
Earnings per share - diluted $ 5.81 $ 2.92 $ (0.85)
Weighted average common shares/units outstanding - basic 164,141 162,739 128,775
Weighted average common shares/units outstanding - diluted 166,635 163,108 128,775
Rental and Other Property Revenues [Member]      
REVENUES:      
Total revenues $ 764,192 $ 733,483 $ 719,556
Rental and Other Property Revenues [Member] | Apartment Income REIT, L.P [Member]      
REVENUES:      
Total revenues 764,192 733,483 719,556
Other Revenues [Member]      
REVENUES:      
Total revenues 9,531 7,370 0
Other Revenues [Member] | Apartment Income REIT, L.P [Member]      
REVENUES:      
Total revenues $ 9,531 $ 7,370 $ 0