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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Rental income:      
Total rental income $ 1,448,120 $ 1,494,892 $ 1,609,876
Income from loans and investments 74,981 80,505 89,201
Interest and other income 14,809 7,609 10,984
Total revenues 3,828,007 3,795,357 3,872,750
Expenses      
Interest 440,089 469,541 451,662
Depreciation and amortization 1,197,403 1,109,763 1,045,620
Property-level operating expenses:      
Property-level operating expenses 2,084,064 1,937,443 1,808,208
Office building and other services costs 4,433 2,315 2,319
General, administrative and professional fees 129,758 130,158 158,726
Loss on extinguishment of debt, net 59,299 10,791 41,900
Transaction expenses and deal costs 47,318 29,812 15,235
Allowance on loans receivable and investments (9,082) 24,238 0
Other 37,110 707 (10,339)
Total expenses 3,990,392 3,714,768 3,513,331
(Loss) income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests (162,385) 80,589 359,419
Income (loss) from unconsolidated entities 4,983 1,844 (2,454)
Gain on real estate dispositions 218,788 262,218 26,022
Income tax (expense) benefit (4,827) 96,534 56,310
Income from continuing operations 56,559 441,185 439,297
Net income 56,559 441,185 439,297
Net income attributable to noncontrolling interests 7,551 2,036 6,281
Net income attributable to common stockholders $ 49,008 $ 439,149 $ 433,016
Basic:      
Income from continuing operations (USD per share) $ 0.15 $ 1.18 $ 1.20
Net income attributable to common stockholders (USD per share) 0.13 1.18 1.18
Diluted:      
Income from continuing operations (USD per share) 0.15 1.17 1.19
Net income attributable to common stockholders (USD per share) $ 0.13 $ 1.17 $ 1.17
Retained Earnings (Deficit)      
Property-level operating expenses:      
Net income $ 49,008 $ 439,149 $ 433,016
Net income attributable to common stockholders 49,008    
Triple-net leased properties      
Rental income:      
Total rental income 653,823 695,265 780,898
Property-level operating expenses:      
Property-level operating expenses 15,335 22,160 26,561
Office operations      
Rental income:      
Total rental income 794,297 799,627 828,978
Property-level operating expenses:      
Property-level operating expenses 257,001 256,612 260,249
Resident fees and services      
Rental income:      
Revenue from contracts with customers 2,270,001 2,197,160 2,151,533
Office building and other services revenue      
Rental income:      
Revenue from contracts with customers 20,096 15,191 11,156
Senior living operations      
Property-level operating expenses:      
Property-level operating expenses $ 1,811,728 $ 1,658,671 $ 1,521,398