XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental and related revenues $ 110,783 $ 112,727 $ 224,166 $ 219,239
Interest and other income 3,031 2,606 5,972 5,457
Resident fees and services 39,118 38,584 75,159 78,567
Total revenues 152,932 153,917 305,297 303,263
Expenses:        
Depreciation and amortization 44,491 44,202 88,866 88,370
Interest 24,270 25,292 48,713 50,996
General and administrative 8,811 8,673 17,749 17,434
(Recovery of) provision for loan losses and other reserves (109) 129 1,916 796
Total expenses 111,364 111,597 225,225 223,059
Other income (expense):        
Loss on extinguishment of debt (54) (392) (847) (392)
Other (expense) income (24) (66) 109 2,193
Net (loss) gain on sales of real estate (3,752) 330 (2,439) 113
Total other (expense) income (3,830) (128) (3,177) 1,914
Income before loss from unconsolidated joint venture and income tax expense 37,738 42,192 76,895 82,118
Loss from unconsolidated joint venture (169,789) (12,136) (174,799) (15,803)
Income tax expense (522) (433) (1,222) (1,475)
Net (loss) income $ (132,573) $ 29,623 $ (99,126) $ 64,840
Net (loss) income, per:        
Basic common share (in dollars per share) $ (0.61) $ 0.14 $ (0.46) $ 0.32
Diluted common share (in dollars per share) $ (0.61) $ 0.14 $ (0.46) $ 0.31
Weighted-average number of common shares outstanding, basic (in shares) 216,264,207 205,593,653 213,870,329 205,493,829
Weighted-average number of common shares outstanding, diluted (in shares) 216,264,207 206,219,162 213,870,329 206,194,282
Revenue, type [Extensible Enumeration]        
Triple-net portfolio        
Expenses:        
Operating expenses $ 5,000 $ 5,331 $ 10,135 $ 10,232
Senior housing - managed        
Expenses:        
Operating expenses $ 28,901 $ 27,970 $ 57,846 $ 55,231