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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental and related revenues (Note 4) $ 381,495 $ 376,266 $ 400,586
Resident fees and services 284,581 236,153 186,672
Interest and other income 37,159 35,095 37,553
Total revenues 703,235 647,514 624,811
Expenses:      
Depreciation and amortization 169,623 183,087 187,782
Interest 115,272 112,964 105,471
General and administrative 50,067 47,472 39,574
(Recovery of) provision for loan losses (571) 191 141
Impairment of real estate 18,472 14,332 94,042
Total expenses 579,951 553,291 589,623
Other income (expense):      
Loss on extinguishment of debt 0 (1,541) (411)
Other income (expense) 2,735 2,598 (1,097)
Net gain (loss) on sales of real estate 2,095 (76,625) (12,011)
Total other income (expense) 4,830 (75,568) (13,519)
Income before loss from unconsolidated joint ventures and income tax expense 128,114 18,655 21,669
Loss from unconsolidated joint ventures (397) (2,897) (98,032)
Income tax expense (1,005) (2,002) (1,242)
Net income (loss) $ 126,712 $ 13,756 $ (77,605)
Net income (loss), per:      
Basic common share (in dollars per share) $ 0.54 $ 0.06 $ (0.34)
Diluted common share (in dollars per share) $ 0.54 $ 0.06 $ (0.34)
Weighted-average number of common shares outstanding, basic (in shares) 233,498,736 231,203,391 230,947,895
Weighted-average number of common shares outstanding, diluted (in shares) 236,045,862 232,792,778 230,947,895
Revenue, type, extensible enumeration Health Care, Resident Service [Member] Health Care, Resident Service [Member] Health Care, Resident Service [Member]
Triple-net portfolio      
Expenses:      
Operating expenses $ 17,072 $ 17,932 $ 19,623
Senior housing - managed portfolio      
Expenses:      
Operating expenses $ 210,016 $ 177,313 $ 142,990