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APARTMENT INVT   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Rental and other property revenues attributable to Real Estate169.84151.45143.69132.16918.15899.89883.02952.83939.23916.74
Rental and other property revenues of partnerships served by Asset Management business----------74.6473.93------
Property management revenues, primarily from affiliates--------------------
Activity fees and asset management revenues, primarily from affiliates--------------31.5334.8241.77
Asset management Tax credit and transaction revenues--------87.2921.3224.36------
Total Revenues169.84151.45143.69132.161,005.44995.85981.31984.36974.05958.51
Property operating expenses67.6161.5157.5453.55319.13317.96324.58373.65375.71374.35
Property operating expenses of partnerships served by Asset Management business--------35.4636.9637.54------
Property management expenses--------------------
Activity and asset management expenses--------------------
Amortization of intangibles--------------------
Investment management expenses--------------7.314.3412.01
Depreciation of rental property--------------------
Depreciation and amortization84.7177.9764.0349.38366.18333.07306.30282.61291.91325.17
General and administrative expenses33.1510.477.065.7743.6646.7846.3144.0945.6749.60
Restructuring costs--------------------
Other (expenses) income, net--------(11.15)(14.30)(10.37)(14.35)(7.40)(12.13)
Provision for operating real estate impairment losses--------(35.88)0.000.00--0.00(6.24)
Provision for impairment losses on real estate development assets--(15.86)----------------
Total operating expenses185.48165.81128.63108.69811.45749.06725.10722.01725.03779.50
Operating Income (Loss)------------256.22262.35249.02179.02
Interest expense52.9027.5118.6019.64194.62196.39199.69220.97237.05229.37
Gain (Loss) on dispositions of real estate related to unconsolidated entities and other--------300.85400.16--------
Mezzanine investment income, net30.4427.581.53--------------
Equity in Income (losses) of unconsolidated real estate partnerships--------------------
Equity in Earnings (losses) of unconsolidated subsidiaries--------------------
Deficit distributions to minority partners--------------------
Minority interest in consolidated real estate partnerships--------------------
Interest income2.280.110.030.018.337.806.956.8817.9413.27
Recovery of (provision for) losses on notes receivable--------------------
Impairment losses related to real estate partnerships--------------------
Other, net--------7.696.070.39(0.83)2.7217.48
Provision for impairment losses on real estate development assets--------------------
Other expenses, net9.80(3.60)(2.14)(1.10)------------
Income from unconsolidated real estate partnerships0.970.810.940.94------------
Unrealized gains on interest rate options6.511.06----------------
Income before income taxes(18.55)(15.92)(3.19)3.67316.24464.4363.8747.4332.64(19.61)
Current: Federal0.910.861.310.00(0.94)5.041.31------
Deferred: Federal(7.40)(10.47)(4.66)0.02(10.91)(26.17)(27.38)11.567.627.12
Income tax benefit(13.57)(10.15)(3.30)0.26(30.84)(18.84)(27.52)(20.05)(1.96)(0.86)
Current: State(0.25)0.660.540.280.532.921.360.970.061.05
Deferred: State(6.83)(1.20)(0.49)(0.04)(3.62)(0.62)(1.05)3.491.690.81
Deferred: Revaluation of deferred taxes due to change in tax rate--------(15.89)----------
Minority interest in consolidated real estate partnerships--------------------
Minority interest in Aimco Operating Partnership, preferred--------------------
Minority interest in Aimco Operating Partnership, common--------------------
Income (loss) from continuing operations------------91.3967.4834.60(18.76)
Income from discontinued operations, net----------------203.23214.12
Income before cumulative effect of change in accounting principle--------------------
Gain on dispositions of real estate, net of tax------------180.59288.640.00--
Cumulative effect of change in accounting principle--------------------
Net (loss) income(4.98)(5.77)0.113.41347.08483.27271.98356.11237.83195.36
Net loss (income)attributable to noncontrolling interests in consolidated real estate partnerships1.140.00(0.02)(0.01)9.0825.264.7824.6012.4751.22
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership--------7.767.246.946.506.426.50
Net loss attributable to common noncontrolling interests in Aimco Operating Partnership(0.30)(0.27)0.020.1714.4620.3711.5515.7711.645.19
Net loss attributable to redeemable noncontrolling interest in consolidated real estate partnership0.09(0.46)(0.19)0.00------------
Net income attributable to preferred stockholders--------8.5911.9911.797.952.8049.89
Net income attributable to participating securities--------0.320.640.951.080.810.42
Net income (loss) available to common shareholders(5.91)(5.04)0.303.24306.86417.78235.97300.22203.6782.15
income (Loss) from continuing operations (net of preferred dividends)----------------0.37(0.77)
Income from discontinued operations----------------1.421.54
Cumulative effect of change in accounting principle--------------------
Net Earnings Per Share (Basic)(0.04)(0.03)0.000.022.503.421.942.631.790.78
Income (Loss) from continuing operations (net of preferred dividends)----------------0.37(0.77)
Income from discontinued operations----------------1.421.54
Cumulative effect of change in accounting principle--------------------
Net Earnings Per Share (Diluted)(0.04)(0.03)0.000.022.503.411.942.631.790.78
Weighted average common shares outstanding - Basic149.48148.57148.55148.55122.43122.18121.54114.07113.79105.33
Weighted average common shares outstanding - Diluted149.48148.57148.57148.57122.80122.49121.84114.35113.98105.33
Funds from operations (FFO)--------384.23360.73345.52301.83297.02226.46