APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
AIV$1.57+2.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| REVENUES | ||
| Rental and other property revenues | $50,203 | $44,268 |
| OPERATING EXPENSES | ||
| Property operating expenses | 21,199 | 17,504 |
| Depreciation and amortization | 19,468 | 16,271 |
| General and administrative expenses | 8,549 | 8,403 |
| Total operating expenses | 49,216 | 42,178 |
| Interest income | 2,648 | 2,058 |
| Interest expense | (13,370) | (9,725) |
| Realized and unrealized gains (losses) on interest rate options | 1,672 | (1,057) |
| Realized and unrealized gains (losses) on equity investments | (271) | 137 |
| Income from unconsolidated real estate partnerships | 312 | 174 |
| Other income (expense), net | (1,904) | (3,626) |
| Income (loss) before income tax | (9,926) | (9,949) |
| Income tax benefit (expense) | 2,730 | 4,196 |
| Net income (loss) | (7,196) | (5,753) |
| Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships | (3,560) | (3,274) |
| Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships | 16 | (264) |
| Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership | 554 | 474 |
| Net income (loss) attributable to Aimco | $(10,186) | $(8,817) |
| Net income (loss) attributable to Aimco per common share – basic (Note 4) | $(0.07) | $(0.06) |
| Net income (loss) attributable to Aimco per common share – diluted (Note 4) | $(0.07) | $(0.06) |
| Weighted-average common shares outstanding – basic | 140,594 | 145,827 |
| Weighted-average common shares outstanding – diluted | 140,594 | 145,827 |
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