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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental and related revenues $ 312,363 $ 301,197 $ 627,051 $ 595,419
Resident fees and services 269,697 177,766 533,202 304,461
Income from direct financing leases 2,150 10,190 5,419 23,714
Interest income 4,230 2,414 7,918 4,127
Total revenues 588,440 491,567 1,173,590 927,721
Costs and expenses:        
Interest expense 57,550 56,942 115,926 106,269
Depreciation and amortization 178,488 165,296 367,764 297,247
Operating 315,841 213,993 691,854 382,920
General and administrative 23,720 27,120 46,069 48,475
Transaction costs 627 1,337 15,475 5,855
Impairments and loan loss reserves (recoveries), net 24,050 68,538 63,173 77,396
Total costs and expenses 600,276 533,226 1,300,261 918,162
Other income (expense):        
Gain (loss) on sales of real estate, net 82,863 11,448 247,732 19,492
Loss on debt extinguishments (25,824) (1,135) (24,991) (1,135)
Other income (expense), net 19,586 21,008 230,194 24,141
Total other income (expense), net 76,625 31,321 452,935 42,498
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 64,789 (10,338) 326,264 52,057
Income tax benefit (expense) 7,346 1,864 40,390 5,322
Equity income (loss) from unconsolidated joint ventures (17,086) (1,506) (29,065) (2,369)
Net income (loss) 55,049 (9,980) 337,589 55,010
Noncontrolling interests' share in earnings (3,543) (3,617) (7,003) (7,137)
Net income (loss) attributable to Healthpeak Properties, Inc. 51,506 (13,597) 330,586 47,873
Participating securities' share in earnings (375) (394) (1,800) (837)
Net income (loss) applicable to common shares $ 51,131 $ (13,991) $ 328,786 $ 47,036
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.09 $ (0.03) $ 0.63 $ 0.10
Diluted (in dollars per share) $ 0.09 $ (0.03) $ 0.63 $ 0.10
Weighted average shares outstanding:        
Basic (in shares) 538,262 478,739 522,427 478,260
Diluted (in shares) 538,517 478,739 523,498 479,885