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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Rental income $ 350,982 $ 383,052 $ 1,051,721 $ 1,100,003
Income from loans and investments 12,672 28,729 33,271 65,404
Interest and other income 489 417 2,191 1,343
Total revenues 1,037,276 976,078 3,077,768 2,805,563
Interest 119,413 108,816 344,158 329,634
Depreciation and amortization 301,481 313,596 873,620 878,444
Property-level operating expenses 569,826 523,328 1,686,906 1,504,123
Office building and other services costs 1,750 522 4,473 1,798
General, administrative and professional fees 35,421 30,259 111,334 101,156
Loss on extinguishment of debt, net 574 29,792 581 56,808
Transaction expenses and deal costs 4,782 22,662 37,852 28,000
Allowance on loans receivable and investments (63) (60) (179) (9,021)
Other 9,162 33,673 30,088 10,755
Total expenses 1,042,346 1,062,588 3,088,833 2,901,697
Loss before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests (5,070) (86,510) (11,065) (96,134)
Income (loss) from unconsolidated entities 1,970 2,772 (3,346) 7,289
Gain on real estate dispositions 136 150,292 2,557 194,083
Income tax benefit (expense) 6,027 (3,780) 14,307 (9,574)
Income from continuing operations 3,063 62,774 2,453 95,664
Net income 3,063 62,774 2,453 95,664
Net income attributable to noncontrolling interests 1,807 2,094 4,881 5,802
Net income (loss) attributable to common stockholders $ 1,256 $ 60,680 $ (2,428) $ 89,862
Basic:        
Income from continuing operations, basic (in usd per share) $ 0.01 $ 0.16 $ 0.01 $ 0.25
Net income (loss) attributable to common stockholders, basic (in usd per share) 0.00 0.16 (0.01) 0.24
Diluted:        
Income from continuing operations, diluted (in usd per share) [1] 0.01 0.16 0.01 0.25
Net income (loss) attributable to common stockholders, diluted (in usd per share) [1] $ 0.00 $ 0.16 $ (0.01) $ 0.24
Triple-Net Leased Properties        
Rental income $ 150,115 $ 181,379 $ 451,073 $ 500,487
Property-level operating expenses 3,756 3,268   12,525
Office Operations        
Rental income 200,867 201,673 600,648 599,516
Property-level operating expenses 66,098 66,401   195,297
Resident fees and services        
Other revenues 668,583 558,039 1,977,760 1,622,641
Office building and other services revenue        
Other revenues 4,550 5,841 $ 12,825 16,172
Senior housing        
Property-level operating expenses $ 499,972 $ 453,659   $ 1,296,301
[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.