APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
AIV$1.53-1.3%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| REVENUES | |||
| Rental and other property revenues | $186,995 | $190,344 | $169,836 |
| OPERATING EXPENSES | |||
| Property operating expenses | 73,712 | 71,792 | 67,613 |
| Depreciation and amortization | 68,834 | 158,967 | 84,712 |
| General and administrative expenses | 32,865 | 39,673 | 33,151 |
| Total operating expenses | 175,411 | 270,432 | 185,476 |
| Interest income | 9,731 | 4,052 | 2,277 |
| Interest expense | (37,718) | (73,842) | (52,902) |
| Mezzanine investment income (loss), net | (155,814) | (179,239) | 30,436 |
| Realized and unrealized gains (losses) on interest rate options | 1,119 | 48,205 | 6,509 |
| Realized and unrealized gains (losses) on equity investments | 700 | 20,302 | 6,585 |
| Gain on dispositions of real estate | 7,984 | 175,863 | — |
| Lease modification income | — | 206,963 | — |
| Income from unconsolidated real estate partnerships | 875 | 579 | 973 |
| Other income (expense), net | (8,532) | (13,373) | 3,212 |
| Income (loss) before income tax | (170,071) | 109,422 | (18,550) |
| Income tax benefit (expense) | 12,752 | (17,264) | 13,570 |
| Net income (loss) | (157,319) | 92,158 | (4,980) |
| Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships | (13,924) | (8,829) | (91) |
| Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships | (3,991) | (3,672) | (1,136) |
| Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership | 9,038 | (3,931) | 297 |
| Net income (loss) attributable to Aimco | $(166,196) | $75,726 | $(5,910) |
| Net income (loss) attributable to Aimco per common share – basic (Note 10) | $(1.16) | $0.50 | $(0.04) |
| Net income (loss) attributable to Aimco per common share – diluted (Note 10) | $(1.16) | $0.49 | $(0.04) |
| Weighted-average common shares outstanding – basic | 143,618 | 149,395 | 149,480 |
| Weighted-average common shares outstanding – diluted | 143,618 | 150,834 | 149,480 |
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