XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Rental income $ 352,101 $ 357,340
Income from loans and investments 9,847 19,010
Interest and other income 536 341
Total revenues 1,017,554 910,291
Interest 110,794 110,767
Depreciation and amortization 289,064 314,148
Property-level operating expenses 542,721 486,600
Office building and other services costs 1,313 618
General, administrative and professional fees 42,998 40,309
Loss on extinguishment of debt, net 0 27,090
Transaction expenses and deal costs 19,992 4,617
Allowance on loans receivable and investments (54) (8,902)
Other (27,190) (9,428)
Total expenses 979,638 965,819
Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 37,916 (55,528)
Loss from unconsolidated entities (4,269) (250)
Gain on real estate dispositions 2,455 2,533
Income tax benefit (expense) 4,490 (2,153)
Income (loss) from continuing operations 40,592 (55,398)
Net income (loss) 40,592 (55,398)
Net income attributable to noncontrolling interests 1,860 1,811
Net income (loss) attributable to common stockholders $ 38,732 $ (57,209)
Basic:    
Income from continuing operations (in usd per share) $ 0.10 $ (0.15)
Net income attributable to common stockholders (in usd per share) 0.10 (0.15)
Diluted:    
Income from continuing operations (in usd per share) [1] 0.10 (0.15)
Net income attributable to common stockholders (in usd per share) [1] $ 0.10 $ (0.15)
Triple-Net Leased Properties    
Rental income $ 151,561 $ 159,885
Property-level operating expenses 4,008 4,825
Office Operations    
Rental income 200,540 197,455
Property-level operating expenses 63,183 63,946
Resident fees and services    
Other revenues 651,121 528,650
Office building and other services revenue    
Other revenues 3,949 4,950
Senior Living Operations    
Property-level operating expenses $ 475,530 $ 417,829
[1] Potential common shares are not included in the computation of diluted earnings per share when a loss from continuing operations exists as the effect would be an antidilutive per share amount.