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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental and related revenues (Note 6) $ 99,096 $ 94,274 $ 190,872 $ 190,144
Resident fees and services 67,939 58,428 133,970 115,149
Interest and other income 9,106 8,464 18,046 17,197
Total revenues 176,141 161,166 342,888 322,490
Expenses:        
Depreciation and amortization 41,681 44,142 84,595 96,969
Interest 29,314 28,328 57,722 56,868
General and administrative 12,741 9,532 24,631 20,034
(Recovery of) provision for loan losses (161) 429 (298) 221
Impairment of real estate 15,335 0 18,472 7,064
Total expenses 153,663 131,166 293,868 277,696
Other income (expense):        
Loss on extinguishment of debt 0 0 0 (1,541)
Other income 78 0 838 341
Net gain (loss) on sales of real estate 1,776 (7,833) 1,776 (29,348)
Total other income (expense) 1,854 (7,833) 2,614 (30,548)
Income before income (loss) from unconsolidated joint ventures and income tax expense 24,332 22,167 51,634 14,246
Income (loss) from unconsolidated joint ventures 80 (653) (515) (1,491)
Income tax expense (437) (326) (890) (1,054)
Net income $ 23,975 $ 21,188 $ 50,229 $ 11,701
Net income, per:        
Basic common share (in dollars per share) $ 0.10 $ 0.09 $ 0.22 $ 0.05
Diluted common share (in dollars per share) $ 0.10 $ 0.09 $ 0.22 $ 0.05
Weighted average number of common shares outstanding, basic (in shares) 231,620,291 231,204,531 231,536,286 231,184,355
Weighted average number of common shares outstanding, diluted (in shares) 233,750,823 232,244,588 233,583,871 232,214,443
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 $ 4,398 $ 4,771 $ 8,722 $ 8,939
Senior housing - managed        
Expenses:        
Operating expenses $ 50,355 $ 43,964 $ 100,024 $ 87,601