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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental and related revenues $ 387,079 $ 340,642 $ 757,229 $ 668,614
Resident fees and services 125,360 117,308 246,920 233,436
Income from direct financing leases 0 2,180 1,168 4,343
Interest income 5,493 16,108 10,987 25,121
Total revenues 517,932 476,238 1,016,304 931,514
Costs and expenses:        
Interest expense 41,867 38,681 79,453 85,524
Depreciation and amortization 180,489 171,459 358,222 328,997
Operating 215,044 190,132 422,291 371,893
General and administrative 24,781 24,088 48,612 48,990
Transaction costs 612 619 908 1,417
Impairments and loan loss reserves (recoveries), net 139 931 271 4,173
Total costs and expenses 462,932 425,910 909,757 840,994
Other income (expense):        
Gain (loss) on sales of real estate, net 10,340 175,238 14,196 175,238
Gain (loss) on debt extinguishments 0 (60,865) 0 (225,157)
Other income (expense), net 2,861 1,734 21,177 3,934
Total other income (expense), net 13,201 116,107 35,373 (45,985)
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 68,201 166,435 141,920 44,535
Income tax benefit (expense) 718 763 (59) 755
Equity income (loss) from unconsolidated joint ventures 382 867 2,466 2,190
Income (loss) from continuing operations 69,301 168,065 144,327 47,480
Income (loss) from discontinued operations 2,992 113,960 3,309 383,968
Net income (loss) 72,293 282,025 147,636 431,448
Noncontrolling interests’ share in continuing operations (3,955) (3,535) (7,685) (6,841)
Noncontrolling interests’ share in discontinued operations 0 (2,210) 0 (2,539)
Net income (loss) attributable to Healthpeak Properties, Inc. 68,338 276,280 139,951 422,068
Participating securities’ share in earnings (281) (287) (2,258) (2,732)
Net income (loss) applicable to common shares $ 68,057 $ 275,993 $ 137,693 $ 419,336
Basic earnings (loss) per common share:        
Continuing operations (in dollars per share) $ 0.12 $ 0.30 $ 0.25 $ 0.07
Discontinued operations (in dollars per share) 0.01 0.21 0.01 0.71
Net income (loss) applicable to common shares (in dollars per share) 0.13 0.51 0.26 0.78
Diluted earnings (loss) per common share:        
Continuing operations (in dollars per share) 0.12 0.30 0.25 0.07
Discontinued operations (in dollars per share) 0.01 0.21 0.01 0.71
Net income (loss) applicable to common shares (in dollars per share) $ 0.13 $ 0.51 $ 0.26 $ 0.78
Weighted average shares outstanding:        
Basic (in shares) 539,558 538,929 539,456 538,805
Diluted (in shares) 539,815 544,694 539,701 539,081