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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental and related revenues (Note 6) $ 96,037 $ 91,776
Resident fees and services 77,447 66,031
Interest and other income 10,059 8,940
Total revenues 183,543 166,747
Expenses:    
Depreciation and amortization 43,494 42,914
Interest 27,100 28,408
General and administrative 12,728 11,890
Recovery of loan losses (173) (137)
Impairment of real estate 0 3,137
Total expenses 143,082 140,205
Other income 38 760
Income before income (loss) from unconsolidated joint ventures and income tax expense 40,499 27,302
Income (loss) from unconsolidated joint ventures 218 (595)
Income tax expense (413) (453)
Net income $ 40,304 $ 26,254
Net income, per:    
Basic common share (in dollars per share) $ 0.17 $ 0.11
Diluted common share (in dollars per share) $ 0.17 $ 0.11
Weighted average number of common shares outstanding, basic (in shares) 237,891,035 231,453,564
Weighted average number of common shares outstanding, diluted (in shares) 240,295,817 233,365,031
Triple-net portfolio    
Expenses:    
Operating expenses $ 3,479 $ 4,324
Senior housing - managed    
Expenses:    
Operating expenses $ 56,454 $ 49,669