APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| REVENUES | |||
| Rental and other property revenues | $208,679 | $186,995 | $190,344 |
| OPERATING EXPENSES | |||
| Property operating expenses | 90,984 | 73,712 | 71,792 |
| Depreciation and amortization | 86,359 | 68,834 | 158,967 |
| General and administrative expenses | 32,837 | 32,865 | 39,673 |
| Total operating expenses | 210,180 | 175,411 | 270,432 |
| Interest income | 9,652 | 9,731 | 4,052 |
| Interest expense | (70,057) | (37,718) | (73,842) |
| Mezzanine investment income (loss), net | (2,432) | (155,814) | (179,239) |
| Realized and unrealized gains (losses) on interest rate contracts | 1,752 | 1,119 | 48,205 |
| Realized and unrealized gains (losses) on equity investments | (49,504) | 700 | 20,302 |
| Gain on dispositions of real estate | 10,600 | 7,984 | 175,863 |
| Lease modification income | — | — | 206,963 |
| Other income (expense), net | (5,581) | (7,657) | (12,794) |
| Income (loss) before income tax | (107,071) | (170,071) | 109,422 |
| Income tax benefit (expense) | 11,071 | 12,752 | (17,264) |
| Net income (loss) | (96,000) | (157,319) | 92,158 |
| Net (income) loss attributable to redeemable noncontrolling interests in consolidated real estate partnerships | (13,958) | (13,924) | (8,829) |
| Net (income) loss attributable to noncontrolling interests in consolidated real estate partnerships | 1,849 | (3,991) | (3,672) |
| Net (income) loss attributable to common noncontrolling interests in Aimco Operating Partnership | 5,641 | 9,038 | (3,931) |
| Net income (loss) attributable to Aimco | $(102,468) | $(166,196) | $75,726 |
| Net income (loss) attributable to Aimco per common share – basic (Note 10) | $(0.75) | $(1.16) | $0.50 |
| Net income (loss) attributable to Aimco per common share – diluted (Note 10) | $(0.75) | $(1.16) | $0.49 |
| Weighted-average common shares outstanding – basic | 138,496 | 143,618 | 149,395 |
| Weighted-average common shares outstanding – diluted | 138,496 | 143,618 | 150,834 |
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