$AIV
APARTMENT INVESTMENT & MANAGEMENT CO Stock $aiv

$aiv Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000092286417000016 Filed on May 05, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$246.5M	$246.2M
YoY Change	0.1%	0.81%
Cost Of Revenue	$88.30M	$88.40M
YoY Change	-0.11%	-7.43%
Gross Profit	$158.2M	$157.8M
YoY Change	0.25%	6.05%
Gross Profit Margin	64.18%	64.08%
Selling, General & Admin	$11.50M	$12.90M
YoY Change	-10.85%	4.88%
% of Gross Profit	7.27%	8.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$87.20M	$79.80M
YoY Change	9.27%	7.21%
% of Gross Profit	55.12%	50.57%
Operating Expenses	$188.7M	$182.7M
YoY Change	3.28%	-0.27%
Operating Profit	$57.79M	$63.53M
YoY Change	-9.04%	4.04%
Interest Expense	$47.88M	$47.63M
YoY Change	0.52%	-11.0%
% of Operating Profit	82.86%	74.97%
Other Income/Expense, Net	$465.0K	$77.00K
YoY Change	503.9%	-96.6%
Pretax Income	$12.56M	$17.81M
YoY Change	-29.46%	54.4%
Income Tax	-$4.985M	-$5.886M
% Of Pretax Income	-39.68%	-33.05%
Net Earnings	$13.70M	$26.06M
YoY Change	-47.43%	-72.06%
Net Earnings / Revenue	5.56%	10.58%
Basic Earnings Per Share	$0.07	$0.15
Diluted Earnings Per Share	$0.07	$0.15
COMMON SHARES
Basic Shares Outstanding	156.3M shares	155.8M shares
Diluted Shares Outstanding	156.8M shares	156.1M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$65.00M	$64.00M
YoY Change	1.56%	-60.98%
Cash & Equivalents	$65.07M	$64.45M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory		$0.00
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$65.00M	$64.00M
YoY Change	1.56%	-62.35%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.745B	$5.528B
YoY Change	3.93%	0.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$74.00M	$90.00M
YoY Change	-17.78%	-5.26%
Total Long-Term Assets	$6.122B	$6.078B
YoY Change	0.73%	0.54%
TOTAL ASSETS
Total Short-Term Assets	$65.00M	$64.00M
Total Long-Term Assets	$6.122B	$6.078B
Total Assets	$6.187B	$6.142B
YoY Change	0.74%	-1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$38.00M
YoY Change		-25.49%
Accrued Expenses	$262.0M	$306.0M
YoY Change	-14.38%	13.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$262.0M	$344.0M
YoY Change	-23.84%	7.17%
LONG-TERM LIABILITIES
Long-Term Debt	$3.971B	$3.918B
YoY Change	1.35%	0.77%
Other Long-Term Liabilities	$17.00M	$60.00M
YoY Change	-71.67%	-28.57%
Total Long-Term Liabilities	$3.988B	$3.978B
YoY Change	0.25%	0.15%
TOTAL LIABILITIES
Total Short-Term Liabilities	$262.0M	$344.0M
Total Long-Term Liabilities	$3.988B	$3.978B
Total Liabilities	$4.249B	$4.321B
YoY Change	-1.65%	0.65%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$1.570M	$1.566M
YoY Change	0.26%	0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.688B	$1.603B
YoY Change
Total Liabilities & Shareholders Equity	$6.187B	$6.142B
YoY Change	0.74%	-1.18%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$13.70M	$26.06M
YoY Change	-47.43%	-72.06%
Depreciation, Depletion And Amortization	$87.20M	$79.80M
YoY Change	9.27%	7.21%
Cash From Operating Activities	$73.60M	$73.95M
YoY Change	-0.47%	14.39%
INVESTING ACTIVITIES
Capital Expenditures	-$90.00M	-$83.60M
YoY Change	7.66%	-27.11%
Acquisitions
YoY Change
Other Investing Activities	-$94.00K	-$5.209M
YoY Change	-98.2%	-845.21%
Cash From Investing Activities	-$87.68M	-$65.57M
YoY Change	33.72%	-420.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$21.55M	$5.283M
YoY Change	307.95%	-89.52%
NET CHANGE
Cash From Operating Activities	$73.60M	$73.95M
Cash From Investing Activities	-$87.68M	-$65.57M
Cash From Financing Activities	$21.55M	$5.283M
Net Change In Cash	$7.473M	$13.67M
YoY Change	-45.31%	-89.92%
FREE CASH FLOW
Cash From Operating Activities	$73.60M	$73.95M
Capital Expenditures	-$90.00M	-$83.60M
Free Cash Flow	$163.6M	$157.6M
YoY Change	3.84%	-12.15%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q1	aiv	Dividends And Distributions Common Stock And Common Units Cash DividendsAndDistributionsCommonStockAndCommonUnitsCash	60367000	USD
CY2017Q1	aiv	Effect Of Changes In Ownership For Consolidated Entities EffectOfChangesInOwnershipForConsolidatedEntities	19000	USD
CY2017Q1	aiv	General Parter Interest In Low Income Housing Tax Credit Partnerships Held By Aimco Percentage GeneralParterInterestInLowIncomeHousingTaxCreditPartnershipsHeldByAimcoPercentage	0.01
CY2017Q1	aiv	Net Income Loss Including Portion Attributable To Noncontrolling Interests Included In Permanent Equity Excluding Portion Attributable To Noncontrolling Interests Included In Temporary Equity NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestsIncludedInPermanentEquityExcludingPortionAttributableToNoncontrollingInterestsIncludedInTemporaryEquity	15206000	USD
CY2016Q1	aiv	Nonvested Restricted Shares Of Common Stock With Non Forfeitable Dividend Rights NonvestedRestrictedSharesOfCommonStockWithNonForfeitableDividendRights	200000	shares
CY2017Q1	aiv	Nonvested Restricted Shares Of Common Stock With Non Forfeitable Dividend Rights NonvestedRestrictedSharesOfCommonStockWithNonForfeitableDividendRights	200000	shares
CY2017Q1	aiv	Numberof Sharesof Common Stock Requiredto Redeem Preferred Op Units Tenderedfor Redemptionif Parent Choosesto Redeemin Shares Ratherthan Cash NumberofSharesofCommonStockRequiredtoRedeemPreferredOPUnitsTenderedforRedemptionifParentChoosestoRedeeminSharesRatherthanCash	2300000	shares
CY2016Q1	aiv	Operating Leases Income Statement Lease Revenue And Other Real Estate Revenue OperatingLeasesIncomeStatementLeaseRevenueAndOtherRealEstateRevenue	222573000	USD
CY2017Q1	aiv	Operating Leases Income Statement Lease Revenue And Other Real Estate Revenue OperatingLeasesIncomeStatementLeaseRevenueAndOtherRealEstateRevenue	225228000	USD
CY2017Q1	aiv	Other Comprehensive Income Loss OtherComprehensiveIncomeLoss	-1125000	USD
CY2016Q1	aiv	Other Items Included In Continuing Operations OtherItemsIncludedInContinuingOperations	39836000	USD
CY2017Q1	aiv	Other Items Included In Continuing Operations OtherItemsIncludedInContinuingOperations	40240000	USD
CY2017Q1	aiv	Redemption Of Operating Partnership Units In Exchange For Cash Or Shares Of Common Stock RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStock	3015000	USD
CY2016Q1	aiv	Tax Credit And Asset Management Revenues TaxCreditAndAssetManagementRevenues	4758000	USD
CY2017Q1	aiv	Tax Credit And Asset Management Revenues TaxCreditAndAssetManagementRevenues	2691000	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000922864
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	157022248	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	APARTMENT INVESTMENT & MANAGEMENT CO
CY2016Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	2385399000	USD
CY2017Q1	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	2489961000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1011000	USD
CY2017Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-118000	USD
CY2016Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	4051722000	USD
CY2017Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	4051645000	USD
CY2017Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3033000	USD
CY2016Q1	us-gaap	Asset Management Costs AssetManagementCosts	975000	USD
CY2017Q1	us-gaap	Asset Management Costs AssetManagementCosts	784000	USD
CY2016Q4	us-gaap	Assets Assets	6232818000	USD
CY2017Q1	us-gaap	Assets Assets	6187440000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	50789000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	64454000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	61244000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	65074000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	13665000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	3830000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
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CY2017Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	157022248	shares
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CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	157022248	shares
CY2017Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	157022248	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	1569000	USD
CY2017Q1	us-gaap	Common Stock Value CommonStockValue	1570000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	31666000	USD
CY2017Q1	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	-5001000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	5283000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	21552000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	12570000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	4148000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	3460000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	35814000	USD
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CY2017Q1	us-gaap	Cumulative Effect Of New Accounting Principle In Period Of Adoption CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	-62467000	USD
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CY2017Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	87168000	USD
CY2016Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	79431000	USD
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CY2017Q1	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	2148000	USD
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CY2016Q1	us-gaap	Gain Loss On Sale Of Properties Net Of Applicable Income Taxes GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes	6187000	USD
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CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	17812000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	12564000	USD
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CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-5886000	USD
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CY2016Q1	us-gaap	Payments For Capital Improvements PaymentsForCapitalImprovements	79576000	USD
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CY2016Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	2757000	USD
CY2017Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	2148000	USD
CY2016Q1	us-gaap	Payments To Acquire Additional Interest In Subsidiaries PaymentsToAcquireAdditionalInterestInSubsidiaries	1867000	USD
CY2017Q1	us-gaap	Payments To Acquire Additional Interest In Subsidiaries PaymentsToAcquireAdditionalInterestInSubsidiaries	4628000	USD
CY2016Q1	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	1764000	USD
CY2017Q1	us-gaap	Payments To Acquire Other Productive Assets PaymentsToAcquireOtherProductiveAssets	2810000	USD
CY2016Q1	us-gaap	Payments To Acquire Residential Real Estate PaymentsToAcquireResidentialRealEstate	2275000	USD
CY2017Q1	us-gaap	Payments To Acquire Residential Real Estate PaymentsToAcquireResidentialRealEstate	4995000	USD
CY2016Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	2757000	USD
CY2017Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	2148000	USD
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	125000000	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	125000000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	7766000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	68535000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	186000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	2167000	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	79080000	USD
CY2017Q1	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	51770000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	9601000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	2179000	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	29885000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	17155000	USD
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Preferred Carrying Amount RedeemableNoncontrollingInterestEquityPreferredCarryingAmount	103201000	USD
CY2017Q1	us-gaap	Redeemable Noncontrolling Interest Equity Preferred Carrying Amount RedeemableNoncontrollingInterestEquityPreferredCarryingAmount	101606000	USD
CY2016Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	19179000	USD
CY2017Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	32026000	USD
CY2016Q1	us-gaap	Revenues Revenues	246239000	USD
CY2017Q1	us-gaap	Revenues Revenues	246481000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1793903000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	1688136000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1944966000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1836377000	USD
CY2017Q1	us-gaap	Stockholders Equity Other StockholdersEquityOther	-78000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	156117000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	156754000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	155791000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	156259000	shares
CY2017Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with such rules and regulations, although management believes the disclosures are adequate to prevent the information presented from being misleading. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included. Operating results for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, are not necessarily indicative of the results that may be expected for the year ending </font><font style="font-family:inherit;font-size:10pt;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The balance sheets of Aimco and the Aimco Operating Partnership at </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, have been derived from their respective audited financial statements at that date, but do not include all of the information and disclosures required by GAAP for complete financial statements. For further information, refer to the financial statements and notes thereto included in Aimco’s and the Aimco Operating Partnership’s combined Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">. Except where indicated, the footnotes refer to both Aimco and the Aimco Operating Partnership.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, we modified our condensed consolidated balance sheets to present the assets and liabilities of consolidated partnerships served by our Asset Management business separately from those amounts relating to our Real Estate portfolio. We have similarly modified our condensed consolidated statements of operations to present separately the rental and other property revenues and property operating expenses of consolidated partnerships served by our Asset Management business. We have reclassified these items in the condensed consolidated balance sheets as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, and in the condensed consolidated statements of operations for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, to conform to the current presentation. These modifications had no effect on previously reported total assets, total liabilities or net income amounts.</font></div></div>
CY2017Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Apartment Investment and Management Company, or Aimco, is a Maryland corporation incorporated on January 10, 1994. Aimco is a self-administered and self-managed real estate investment trust, or REIT. AIMCO Properties, L.P., or the Aimco Operating Partnership, is a Delaware limited partnership formed on May 16, 1994, to conduct our business, which is focused on the ownership, management, redevelopment and limited development of quality apartment communities located in the largest markets in the United States.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Aimco, through its wholly-owned subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, owns a majority of the ownership interests in the Aimco Operating Partnership. Aimco conducts all of its business and owns all of its assets through the Aimco Operating Partnership. Interests in the Aimco Operating Partnership that are held by limited partners other than Aimco are referred to as OP Units. OP Units include common partnership units and high performance partnership units, which we refer to as common OP Units, as well as partnership preferred units, which we refer to as preferred OP Units. As of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, after eliminations for units held by consolidated subsidiaries, the Aimco Operating Partnership had </font><font style="font-family:inherit;font-size:10pt;">164,650,596</font><font style="font-family:inherit;font-size:10pt;"> common partnership units and equivalents outstanding. As of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, Aimco owned </font><font style="font-family:inherit;font-size:10pt;">157,022,248</font><font style="font-family:inherit;font-size:10pt;"> of the common partnership units (</font><font style="font-family:inherit;font-size:10pt;">95.4%</font><font style="font-family:inherit;font-size:10pt;"> of the common partnership units and equivalents) of the Aimco Operating Partnership and Aimco had outstanding an equal number of shares of its Class A Common Stock, which we refer to as Common Stock.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Except as the context otherwise requires, “we,” “our” and “us” refer to Aimco, the Aimco Operating Partnership and their consolidated subsidiaries, collectively.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, we owned an equity interest in</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">141</font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;"> </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">apartment communiti</font><font style="font-family:inherit;font-size:10pt;">es with </font><font style="font-family:inherit;font-size:10pt;">39,173</font><font style="font-family:inherit;font-size:10pt;"> apartment homes that comprised our real estate portfolio. Our Real Estate portfolio, which comprises our reportable segment, is diversified by both price point and geography and consists primarily of market rate apartment communities in which we own a substantial interest. We consolidated </font><font style="font-family:inherit;font-size:10pt;">137</font><font style="font-family:inherit;font-size:10pt;"> of these apartment communities with </font><font style="font-family:inherit;font-size:10pt;">39,031</font><font style="font-family:inherit;font-size:10pt;"> apartment homes. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, we also owned nominal ownership positions in partnerships holding </font><font style="font-family:inherit;font-size:10pt;">47</font><font style="font-family:inherit;font-size:10pt;"> low-income housing tax credit apartment communities with </font><font style="font-family:inherit;font-size:10pt;">7,098</font><font style="font-family:inherit;font-size:10pt;"> apartment homes. We provide services to these partnerships and receive fees and other payments in return. Our relationship with these partnerships is different than real estate ownership and is better described as an asset management business, or Asset Management. In accordance with accounting principles generally accepted in the United States of America, or GAAP, we are required to consolidate most of the partnerships and </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;"> of the apartment communities with </font><font style="font-family:inherit;font-size:10pt;">6,411</font><font style="font-family:inherit;font-size:10pt;"> apartment homes.</font></div></div>
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts included in the financial statements and accompanying notes thereto. Actual results could differ from those estimates.</font></div></div>

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2017 Q1 Form 10-Q Financial Statement

#000092286417000016 Filed on May 05, 2017

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$AIV APARTMENT INVESTMENT & MANAGEMENT CO Stock $aiv

2017 Q1 Form 10-Q Financial Statement

#000092286417000016 Filed on May 05, 2017

Income Statement

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