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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Rental and related revenues (Note 6) $ 94,555 $ 93,085 $ 285,427 $ 283,229
Resident fees and services 73,746 59,748 207,716 174,897
Interest and other income 9,700 8,794 27,746 25,991
Total revenues 178,001 161,627 520,889 484,117
Expenses:        
Depreciation and amortization 42,720 43,242 127,315 140,211
Interest 29,467 28,156 87,189 85,024
General and administrative 12,404 10,759 37,035 30,793
(Recovery of) provision for loan losses (148) 328 (446) 549
Impairment of real estate 0 0 18,472 7,064
Total expenses 142,947 131,312 436,815 409,008
Other income (expense):        
Loss on extinguishment of debt 0 0 0 (1,541)
Other income 0 2,229 838 2,570
Net loss on sales of real estate (5,745) (46,545) (3,969) (75,893)
Total other expense (5,745) (44,316) (3,131) (74,864)
Income (loss) before income (loss) from unconsolidated joint ventures and income tax benefit (expense) 29,309 (14,001) 80,943 245
Income (loss) from unconsolidated joint ventures 214 (645) (301) (2,136)
Income tax benefit (expense) 265 (455) (625) (1,509)
Net income (loss) $ 29,788 $ (15,101) $ 80,017 $ (3,400)
Net income (loss), per:        
Basic common share (in dollars per share) $ 0.13 $ (0.07) $ 0.34 $ (0.01)
Diluted common share (in dollars per share) $ 0.13 $ (0.07) $ 0.34 $ (0.01)
Weighted average number of common shares outstanding, basic (in shares) 234,290,187 231,224,692 232,459,388 231,197,375
Weighted average number of common shares outstanding, diluted (in shares) 237,043,400 231,224,692 234,777,101 231,197,375
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 $ 4,270 $ 4,304 $ 12,992 $ 13,243
Senior housing - managed        
Expenses:        
Operating expenses $ 54,234 $ 44,523 $ 154,258 $ 132,124