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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental and related revenues $ 1,378,384 $ 1,182,108 $ 1,069,502
Resident fees and services 471,325 436,494 144,327
Income from direct financing leases 8,702 9,720 16,666
Interest income 37,773 16,553 9,844
Total revenues 1,896,184 1,644,875 1,240,339
Costs and expenses:      
Interest expense 157,980 218,336 217,612
Depreciation and amortization 684,286 553,949 435,191
Operating 773,279 782,541 405,244
General and administrative 98,303 93,237 92,966
Transaction costs 1,841 18,342 1,963
Impairments and loan loss reserves (recoveries), net 23,160 42,909 17,708
Total costs and expenses 1,738,849 1,709,314 1,170,684
Other income (expense):      
Gain (loss) on sales of real estate, net 190,590 90,350 (40)
Gain (loss) on debt extinguishments (225,824) (42,912) (58,364)
Other income (expense), net 6,266 234,684 165,069
Total other income (expense), net (28,968) 282,122 106,665
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 128,367 217,683 176,320
Income tax benefit (expense) 3,261 9,423 5,479
Equity income (loss) from unconsolidated joint ventures 6,100 (66,599) (6,330)
Income (loss) from continuing operations 137,728 160,507 175,469
Income (loss) from discontinued operations 388,202 267,746 (115,408)
Net income (loss) 525,930 428,253 60,061
Noncontrolling interests’ share in continuing operations (17,851) (14,394) (14,558)
Noncontrolling interests’ share in discontinued operations (2,539) (296) 27
Net income (loss) applicable to Healthpeak Properties, Inc. 505,540 413,563 45,530
Participating securities’ share in earnings (3,269) (2,416) (1,543)
Net income (loss) applicable to common shares $ 502,271 $ 411,147 $ 43,987
Basic earnings (loss) per common share:      
Continuing operations (in dollars per share) $ 0.22 $ 0.27 $ 0.33
Discontinued operations (in dollars per share) 0.71 0.50 (0.24)
Net income (loss) applicable to common shares (in dollars per share) 0.93 0.77 0.09
Diluted earnings (loss) per common share:      
Continuing operations (in dollars per share) 0.22 0.27 0.33
Discontinued operations (in dollars per share) 0.71 0.50 (0.24)
Net income (loss) applicable to common shares (in dollars per share) $ 0.93 $ 0.77 $ 0.09
Weighted average shares outstanding:      
Basic (in shares) 538,930 530,555 486,255
Diluted (in shares) 539,241 531,056 489,335