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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental and related revenues $ 312,600 $ 303,854 $ 908,019 $ 938,446
Resident fees and services 213,040 137,359 517,501 416,947
Income from direct financing leases 9,590 13,573 33,304 40,329
Interest income 2,741 1,236 6,868 9,048
Total revenues 537,971 456,022 1,465,692 1,404,770
Costs and expenses:        
Interest expense 61,230 63,486 167,499 211,626
Depreciation and amortization 171,944 132,198 469,191 418,740
Operating 248,069 181,207 630,989 527,625
General and administrative 22,970 23,503 71,445 75,192
Transaction costs 1,319 4,489 7,174 9,088
Impairments (recoveries), net 38,257 5,268 115,653 19,180
Total costs and expenses 543,789 410,151 1,461,951 1,261,451
Other income (expense):        
Gain (loss) on sales of real estate, net (784) 95,332 18,708 162,211
Loss on debt extinguishments (35,017) (43,899) (36,152) (43,899)
Other income (expense), net 693 1,604 24,834 (37,017)
Total other income (expense), net (35,108) 53,037 7,390 81,295
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures (40,926) 98,908 11,131 224,614
Income tax benefit (expense) 6,261 4,929 11,583 14,919
Equity income (loss) from unconsolidated joint ventures (7,643) (911) (10,012) (442)
Net income (loss) (42,308) 102,926 12,702 239,091
Noncontrolling interests' share in earnings (3,555) (3,555) (10,692) (9,546)
Net income (loss) attributable to Healthpeak Properties, Inc. (45,863) 99,371 2,010 229,545
Participating securities' share in earnings (386) (425) (1,223) (1,278)
Net income (loss) applicable to common shares $ (46,249) $ 98,946 $ 787 $ 228,267
Earnings per common share:        
Basic (in dollars per share) $ (0.09) $ 0.21 $ 0.00 $ 0.49
Diluted (in dollars per share) $ (0.09) $ 0.21 $ 0.00 $ 0.49
Weighted average shares outstanding:        
Basic (in shares) 491,203 469,867 482,595 469,732
Diluted (in shares) 491,203 470,118 484,792 469,876