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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Rental income $ 374,245 $ 352,743
Income from loans and investments 1,289 13,589
Interest and other income 6,780 1,743
Total revenues 1,199,914 1,077,245
Expenses    
Interest 149,933 128,075
Depreciation and amortization 300,255 282,119
Property-level operating expenses 687,497 607,931
General, administrative and professional fees 48,737 44,798
Loss on extinguishment of debt, net 252 0
Transaction, transition and restructuring costs 4,677 1,386
Allowance on loans receivable and investments (68) (8,064)
Shareholder relations matters 15,714 0
Other (income) expense (1,334) 7,762
Total expenses 1,207,416 1,065,713
(Loss) income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests (7,502) 11,532
Loss from unconsolidated entities (8,383) (5,623)
Gain on real estate dispositions 341 10,201
Income tax benefit 3,004 2,802
(Loss) income from continuing operations (12,540) 18,912
Net (loss) income (12,540) 18,912
Net income attributable to noncontrolling interests 1,772 1,395
Net (loss) income attributable to common stockholders $ (14,312) $ 17,517
Basic:    
(Loss) income from continuing (in usd per share) $ (0.03) $ 0.05
Net (loss) income attributable to common stockholders (in usd per share) (0.04) 0.04
Diluted:    
(Loss) income from continuing (in usd per share) [1] (0.03) 0.05
Net (loss) income attributable to common stockholders (in usd per share) [1] $ (0.04) $ 0.04
Triple-Net Leased Properties    
Revenues    
Rental income $ 155,368 $ 149,739
Expenses    
Property-level operating expenses 3,738 3,796
Outpatient Medical and Research Portfolio    
Revenues    
Rental income 218,877 203,004
Expenses    
Property-level operating expenses 73,938 66,913
Resident fees and services    
Revenues    
Other revenues 813,304 704,993
Senior housing    
Expenses    
Property-level operating expenses 609,821 537,222
Third party capital management expenses    
Revenues    
Other revenues 4,296 4,177
Expenses    
Third party capital management expenses $ 1,753 $ 1,706
[1] Potential common shares are not included in the computation of diluted earnings per share (“EPS”) when a loss from continuing operations exists as the effect would be an antidilutive per share amount.