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CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Rental and related revenues (Note 4) $ 93,085 $ 84,214 $ 283,229 $ 297,268
Resident fees and services 59,748 47,610 174,897 133,973
Interest and other income 8,794 8,940 25,991 28,585
Total revenues 161,627 140,764 484,117 459,826
Expenses:        
Depreciation and amortization 43,242 47,427 140,211 137,855
Interest 28,156 27,071 85,024 77,573
General and administrative 10,759 9,676 30,793 28,721
Provision for (recovery of) loan losses and other reserves 328 (217) 549 (12)
Impairment of real estate 0 60,857 7,064 72,602
Total expenses 131,312 186,639 409,008 435,557
Other (expense) income:        
Loss on extinguishment of debt 0 (140) (1,541) (411)
Other income (expense) 2,229 994 2,570 (1,101)
Net loss on sales of real estate (46,545) (80) (75,893) (4,581)
Total other (expense) income (44,316) 774 (74,864) (6,093)
(Loss) income before loss from unconsolidated joint ventures and income tax expense (14,001) (45,101) 245 18,176
Loss from unconsolidated joint ventures (645) (4,384) (2,136) (9,715)
Income tax expense (455) (579) (1,509) (1,118)
Net (loss) income $ (15,101) $ (50,064) $ (3,400) $ 7,343
Net (loss) income, per:        
Basic common share (in dollars per share) $ (0.07) $ (0.22) $ (0.01) $ 0.03
Diluted common share (in dollars per share) $ (0.07) $ (0.22) $ (0.01) $ 0.03
Weighted average number of common shares outstanding, basic (in shares) 231,224,692 230,982,227 231,197,375 230,936,032
Weighted average number of common shares outstanding, diluted (in shares) 231,224,692 230,982,227 231,197,375 231,779,750
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 $ 4,304 $ 5,120 $ 13,243 $ 14,983
Senior housing - managed        
Expenses:        
Operating expenses $ 44,523 $ 36,705 $ 132,124 $ 103,835