APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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 unit data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUES | ||||
| Rental and other property revenues | $53,158 | $47,701 | $154,508 | $137,643 |
| OPERATING EXPENSES | ||||
| Property operating expenses | 23,337 | 18,328 | 67,093 | 54,648 |
| Depreciation and amortization | 23,545 | 17,804 | 65,123 | 51,106 |
| General and administrative expenses | 7,750 | 8,198 | 23,876 | 24,487 |
| Total operating expenses | 54,632 | 44,330 | 156,092 | 130,241 |
| Interest income | 2,299 | 2,486 | 7,482 | 7,022 |
| Interest expense | (19,031) | (8,252) | (49,221) | (27,633) |
| Realized and unrealized gains (losses) on interest rate contracts | (1,148) | 955 | 1,164 | 3,280 |
| Realized and unrealized gains (losses) on equity investments | (566) | (1,066) | (48,101) | 165 |
| Gain on dispositions of real estate | — | — | — | 1,878 |
| Other income (expense), net | (3,959) | (2,030) | (6,835) | (6,889) |
| Income (loss) before income tax | (23,879) | (4,536) | (97,095) | (14,775) |
| Income tax benefit (expense) | 3,814 | 6,210 | 8,731 | 10,823 |
| Net income (loss) | (20,065) | 1,674 | (88,364) | (3,952) |
| Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships | (3,659) | (3,610) | (10,817) | (10,460) |
| Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships | 572 | (447) | 1,399 | (1,060) |
| Net income (loss) attributable to Aimco Operating Partnership | $(23,152) | $(2,383) | $(97,782) | $(15,472) |
| Net income (loss) attributable to Aimco Operating Partnership per common unit – basic (Note 4) | $(0.16) | $(0.02) | $(0.67) | $(0.10) |
| Net income (loss) attributable to Aimco Operating Partnership per common unit – diluted (Note 4) | $(0.16) | $(0.02) | $(0.67) | $(0.10) |
| Weighted-average common units outstanding – basic | 144,366 | 151,027 | 146,683 | 152,199 |
| Weighted-average common units outstanding – diluted | 144,366 | 151,027 | 146,683 | 152,199 |
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