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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Total revenues $ 229,827 $ 242,481 $ 684,262 $ 740,388
OPERATING EXPENSES        
Depreciation and amortization 97,538 96,406 283,027 286,439
General and administrative expenses 11,821 12,479 34,314 37,196
Other expenses, net 4,411 5,780 14,323 13,624
Total operating expenses 191,200 195,527 564,117 590,696
Interest income 2,824 2,712 8,615 7,768
Interest expense (42,011) (45,492) (122,961) (143,193)
Gain on dispositions of real estate and the Asset Management business 1,146 626,232 356,929 679,738
Other, net 288 (283) 591 141
Income before income tax benefit (expense) 874 630,123 363,319 694,146
Income tax benefit (expense) 3,096 (26,206) 1,942 12,617
Net income 3,970 603,917 365,261 706,763
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 58 (1,794) (103) (8,045)
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,933) (1,934) (5,800) (5,805)
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (116) (30,198) (18,787) (34,093)
Net income attributable to noncontrolling interests (1,991) (33,926) (24,690) (47,943)
Net income attributable to the company 1,979 569,991 340,571 658,820
Net income attributable to the company's preferred equity holders   (2,148) (7,335) (6,445)
Net loss (income) attributable to participating securities 24 (814) (431) (1,004)
Net income attributable to the company's common equity holders $ 2,003 $ 567,029 $ 332,805 $ 651,371
Net income attributable to Aimco per common share – basic $ 0.01 $ 3.73 $ 2.26 $ 4.29
Net income attributable to Aimco per common share – diluted $ 0.01 $ 3.73 $ 2.26 $ 4.28
Weighted average common shares/units outstanding - basic 148,434 151,971 147,474 151,928
Weighted average common shares/units outstanding - diluted 148,636 152,193 147,692 152,086
AIMCO Properties, LP [Member]        
REVENUES        
Total revenues $ 229,827 $ 242,481 $ 684,262 $ 740,388
OPERATING EXPENSES        
Depreciation and amortization 97,538 96,406 283,027 286,439
General and administrative expenses 11,821 12,479 34,314 37,196
Other expenses, net 4,411 5,780 14,323 13,624
Total operating expenses 191,200 195,527 564,117 590,696
Interest income 2,824 2,712 8,615 7,768
Interest expense (42,011) (45,492) (122,961) (143,193)
Gain on dispositions of real estate and the Asset Management business 1,146 626,232 356,929 679,738
Other, net 288 (283) 591 141
Income before income tax benefit (expense) 874 630,123 363,319 694,146
Income tax benefit (expense) 3,096 (26,206) 1,942 12,617
Net income 3,970 603,917 365,261 706,763
Noncontrolling interests:        
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships 58 (1,794) (103) (8,045)
Net income attributable to the company 4,028 602,123 365,158 698,718
Net income attributable to the company's preferred equity holders (1,933) (4,082) (13,135) (12,250)
Net loss (income) attributable to participating securities 43 (941) (429) (1,145)
Net income attributable to the company's common equity holders $ 2,138 $ 597,100 $ 351,594 $ 685,323
Net income attributable to Aimco per common share – basic $ 0.01 $ 3.73 $ 2.26 $ 4.29
Net income attributable to Aimco per common share – diluted $ 0.01 $ 3.72 $ 2.26 $ 4.29
Weighted average common shares/units outstanding - basic 156,618 160,088 155,644 159,622
Weighted average common shares/units outstanding - diluted 156,879 160,328 155,971 159,787
Real Estate [Member]        
REVENUES        
Total revenues $ 229,827 $ 234,048 $ 684,262 $ 690,571
OPERATING EXPENSES        
Property operating expenses 77,430 78,254 232,453 232,572
Real Estate [Member] | AIMCO Properties, LP [Member]        
REVENUES        
Total revenues 229,827 234,048 684,262 690,571
OPERATING EXPENSES        
Property operating expenses 77,430 78,254 232,453 232,572
Asset Management Business [Member]        
REVENUES        
Total revenues 0 8,433 0 49,817
OPERATING EXPENSES        
Property operating expenses 0 2,608 0 20,865
Asset Management Business [Member] | AIMCO Properties, LP [Member]        
REVENUES        
Total revenues 0 8,433 0 49,817
OPERATING EXPENSES        
Property operating expenses $ 0 $ 2,608 $ 0 $ 20,865