APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Jun 30, 2024. Filed Aug 7, 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.
Jun 30, 2024 · Filed Aug 7, 2024
AIV$1.57+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUES | ||||
| Rental and other property revenues | $51,148 | $45,674 | $101,350 | $89,942 |
| OPERATING EXPENSES | ||||
| Property operating expenses | 22,557 | 18,783 | 43,756 | 36,287 |
| Depreciation and amortization | 22,110 | 17,031 | 41,578 | 33,302 |
| General and administrative expenses | 7,577 | 7,890 | 16,126 | 16,293 |
| Total operating expenses | 52,244 | 43,704 | 101,460 | 85,882 |
| Interest income | 2,535 | 2,478 | 5,183 | 4,536 |
| Interest expense | (16,820) | (9,656) | (30,190) | (19,381) |
| Realized and unrealized gains (losses) on interest rate contracts | 640 | 3,383 | 2,312 | 2,326 |
| Realized and unrealized gains (losses) on equity investments | (47,264) | 1,094 | (47,535) | 1,231 |
| Gain on dispositions of real estate | — | 1,878 | — | 1,878 |
| Other income (expense), net | (1,286) | (1,420) | (2,876) | (4,872) |
| Income (loss) before income tax | (63,291) | (273) | (73,216) | (10,222) |
| Income tax benefit (expense) | 2,188 | 417 | 4,917 | 4,613 |
| Net income (loss) | (61,103) | 144 | (68,299) | (5,609) |
| Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships | (3,598) | (3,576) | (7,158) | (6,849) |
| Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships | 811 | (348) | 827 | (613) |
| Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership | 3,364 | 178 | 3,918 | 652 |
| Net income (loss) attributable to Aimco | $(60,526) | $(3,602) | $(70,712) | $(12,419) |
| Net income (loss) attributable to Aimco per common share – basic (Note 4) | $(0.43) | $(0.02) | $(0.50) | $(0.09) |
| Net income (loss) attributable to Aimco per common share – diluted (Note 4) | $(0.43) | $(0.02) | $(0.50) | $(0.09) |
| Weighted-average common shares outstanding – basic | 139,816 | 144,195 | 140,205 | 145,007 |
| Weighted-average common shares outstanding – diluted | 139,816 | 144,195 | 140,205 | 145,007 |
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