v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
1 Months Ended 6 Months Ended
Jan. 31, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (5,675) $ (28,688)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,272 23,993
Realized and unrealized (gains) losses on interest rate contracts 8 333
Realized and unrealized (gains) losses on equity investments (258) 607
Income tax expense (benefit) 0 5,486
Share-based compensation expense 581 2,542
Other, including amortization of debt issuance costs 450 4,078
Discontinued operations:    
Depreciation and amortization 398 8,791
Other adjustments to income (loss) from discontinued operations 24 202
Changes in operating assets and operating liabilities:    
Operating assets, net (1,788) (2,734)
Operating liabilities, net (36,211) (191)
Total adjustments (33,672) 42,182
Net cash provided by (used in) operating activities (39,347) 13,494
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures [1] (7,535) (45,617)
Proceeds from repayment of seller financing receivable 18,500  
Other investing activities (532) (120)
Net cash provided by (used in) investing activities 10,433 (45,737)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse construction loans and bridge financing 4,920 22,337
Proceeds from revolving credit facility   42,800
Principal repayments on non-recourse property debt   (1,629)
Principal repayments on non-recourse construction loans   (42,081)
Proceeds from interest rate contracts 6 1,116
Purchase of interest rate contracts   (576)
Common stock repurchased   (256)
Payments related to withholding taxes for share-based compensation (192) (3,545)
Dividends paid on common stock and distributions paid on OP Units (991) (88,213)
Contributions from redeemable noncontrolling interests 1,700 6,911
Distributions to redeemable noncontrolling interests (749) (4,067)
Contributions from noncontrolling interests in consolidated real estate partnerships   351
Distributions to noncontrolling interests in consolidated real estate partnerships (96) (774)
Redemption of OP Units held by third parties   (176)
Redemption of redeemable noncontrolling interests in consolidated real estate partnerships (52,182)  
Purchase of redeemable noncontrolling interests in consolidated real estate partnerships   (5,096)
Other financing activities 1,844 450
Net cash used in financing activities (45,740) (72,448)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (74,654) (104,691)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF YEAR 407,196 172,956
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 332,542 68,265
Aimco OP L.P. [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) (5,675) (28,688)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,272 23,993
Realized and unrealized (gains) losses on interest rate contracts 8 333
Realized and unrealized (gains) losses on equity investments (258) 607
Income tax expense (benefit)   5,486
Share-based compensation expense 581 2,542
Other, including amortization of debt issuance costs 450 4,078
Discontinued operations:    
Depreciation and amortization 398 8,791
Other adjustments to income (loss) from discontinued operations 24 202
Changes in operating assets and operating liabilities:    
Operating assets, net (1,788) (2,734)
Operating liabilities, net (36,211) (191)
Total adjustments (33,672) 42,182
Net cash provided by (used in) operating activities (39,347) 13,494
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures [2] (7,535) (45,617)
Proceeds from repayment of seller financing receivable 18,500  
Other investing activities (532) (120)
Net cash provided by (used in) investing activities 10,433 (45,737)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse construction loans and bridge financing 4,920 22,337
Proceeds from revolving credit facility   42,800
Principal repayments on non-recourse property debt   (1,629)
Principal repayments on non-recourse construction loans and bridge financing   (42,081)
Proceeds from interest rate contracts 6 1,116
Purchase of interest rate contracts   (576)
Common stock repurchased   (256)
Payments related to withholding taxes for share-based compensation (192) (3,545)
Dividends paid on common stock and distributions paid on OP Units (991) (88,213)
Contributions from redeemable noncontrolling interests 1,700 6,911
Distributions to redeemable noncontrolling interests (749) (4,067)
Contributions from noncontrolling interests in consolidated real estate partnerships   351
Distributions to noncontrolling interests in consolidated real estate partnerships (96) (774)
Redemption of OP Units held by third parties   (176)
Redemption of redeemable noncontrolling interests in consolidated real estate partnerships (52,182)  
Purchase of redeemable noncontrolling interests in consolidated real estate partnerships   (5,096)
Other financing activities 1,844 450
Net cash used in financing activities (45,740) (72,448)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (74,654) (104,691)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF YEAR 407,196 172,956
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 332,542 68,265
Unconsolidated Real Estate Partnerships [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Loss (income) from unconsolidated real estate partnerships (148) (925)
Unconsolidated Real Estate Partnerships [Member] | Aimco OP L.P. [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Loss (income) from unconsolidated real estate partnerships $ (148) $ (925)
[1] Accrued capital expenditures were $14.9 million and $15.0 million as of January 31, 2026, and June 30, 2025, respectively.
[2] Accrued capital expenditures were $14.9 million and $15.0 million as of January 31, 2026, and June 30, 2025, respectively.