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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental and related revenues (Note 4) $ 94,274 $ 103,168 $ 190,144 $ 213,054
Resident fees and services 58,428 44,136 115,149 86,363
Interest and other income 8,464 8,653 17,197 19,645
Total revenues 161,166 155,957 322,490 319,062
Expenses:        
Depreciation and amortization 44,142 45,172 96,969 90,428
Interest 28,328 25,530 56,868 50,502
General and administrative 9,532 8,649 20,034 19,045
Provision for (recovery of) loan losses and other reserves 429 (270) 221 205
Impairment of real estate 0 11,745 7,064 11,745
Total expenses 131,166 129,704 277,696 248,918
Other (expense) income:        
Loss on extinguishment of debt 0 0 (1,541) (271)
Other (expense) income 0 (2,163) 341 (2,095)
Net loss on sales of real estate (7,833) (4,501) (29,348) (4,501)
Total other expense (7,833) (6,664) (30,548) (6,867)
Income before loss from unconsolidated joint ventures and income tax expense 22,167 19,589 14,246 63,277
Loss from unconsolidated joint ventures (653) (2,529) (1,491) (5,331)
Income tax expense (326) (255) (1,054) (539)
Net income $ 21,188 $ 16,805 $ 11,701 $ 57,407
Net income, per:        
Basic common share (in dollars per share) $ 0.09 $ 0.07 $ 0.05 $ 0.25
Diluted common share (in dollars per share) $ 0.09 $ 0.07 $ 0.05 $ 0.25
Weighted average number of common shares outstanding, basic (in shares) 231,204,531 230,967,163 231,184,355 230,913,462
Weighted average number of common shares outstanding, diluted (in shares) 232,244,588 231,681,536 232,214,443 231,641,958
Revenue, type, extensible enumeration Health Care, Resident Service [Member] Health Care, Resident Service [Member] Health Care, Resident Service [Member] Health Care, Resident Service [Member]
Triple-net portfolio        
Expenses:        
Operating expenses $ 4,771 $ 4,852 $ 8,939 $ 9,863
Senior housing - managed        
Expenses:        
Operating expenses $ 43,964 $ 34,026 $ 87,601 $ 67,130