XML 105 R6.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Rental income:      
Total rental income $ 1,399,313 $ 1,448,120 $ 1,494,892
Income from loans and investments 48,160 74,981 80,505
Interest and other income 3,635 14,809 7,609
Total revenues 4,129,193 3,828,007 3,795,357
Expenses      
Interest 467,557 440,089 469,541
Depreciation and amortization 1,197,798 1,197,403 1,109,763
Property-level operating expenses:      
Property-level operating expenses 2,276,724 2,084,064 1,937,443
Third party capital management expenses 6,194 4,433 2,315
General, administrative and professional fees 144,874 129,758 130,158
Loss on extinguishment of debt, net 581 59,299 10,791
Transaction expenses and deal costs 51,577 47,318 29,812
Provision for Loan, Lease, and Other Losses 19,757 (9,082) 24,238
Other 58,268 37,110 707
Total expenses 4,223,330 3,990,392 3,714,768
(Loss) income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests (94,137) (162,385) 80,589
Income from unconsolidated entities 28,500 4,983 1,844
Gain on real estate dispositions 7,780 218,788 262,218
Income tax benefit (expense) 16,926 (4,827) 96,534
(Loss) income from continuing operations (40,931) 56,559 441,185
Net (loss) income (40,931) 56,559 441,185
Net income attributable to noncontrolling interests 6,516 7,551 2,036
Net (loss) income attributable to common stockholders $ (47,447) $ 49,008 $ 439,149
Basic:      
(Loss) income from continuing operations (USD per share) $ (0.10) $ 0.15 $ 1.18
Net (loss) income attributable to common stockholders (USD per share) (0.12) 0.13 1.18
Diluted:      
(Loss) income from continuing operations (USD per share) [1] (0.10) 0.15 1.17
Net (loss) income attributable to common stockholders (USD per share) [1] $ (0.12) $ 0.13 $ 1.17
Retained Earnings (Deficit)      
Property-level operating expenses:      
Net (loss) income $ (47,447) $ 49,008 $ 439,149
Net (loss) income attributable to common stockholders (47,447)    
Triple-net leased properties      
Rental income:      
Total rental income 598,154 653,823 695,265
Property-level operating expenses:      
Property-level operating expenses 15,301 15,335 22,160
Office operations      
Rental income:      
Total rental income 801,159 794,297 799,627
Property-level operating expenses:      
Property-level operating expenses 257,003 257,001 256,612
Resident fees and services      
Rental income:      
Revenue from contracts with customers 2,651,886 2,270,001 2,197,160
Third party capital management revenues      
Rental income:      
Revenue from contracts with customers 26,199 20,096 15,191
SHOP      
Property-level operating expenses:      
Property-level operating expenses $ 2,004,420 $ 1,811,728 $ 1,658,671
[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.