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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental and related revenues $ 392,301 $ 353,516 $ 1,149,530 $ 1,022,130
Resident fees and services 122,142 119,022 369,062 352,458
Income from direct financing leases 0 2,179 1,168 6,522
Interest income 5,963 6,748 16,950 31,869
Total revenues 520,406 481,465 1,536,710 1,412,979
Costs and expenses:        
Interest expense 44,078 35,905 123,531 121,429
Depreciation and amortization 173,190 177,175 531,412 506,172
Operating 220,208 202,139 642,499 574,032
General and administrative 24,549 23,270 73,161 72,260
Transaction costs 728 0 1,636 1,417
Impairments and loan loss reserves (recoveries), net 3,407 285 3,678 4,458
Total costs and expenses 466,160 438,774 1,375,917 1,279,768
Other income (expense):        
Gain (loss) on sales of real estate, net (4,149) 14,635 10,047 189,873
Gain (loss) on debt extinguishments 0 (667) 0 (225,824)
Other income (expense), net 305,678 1,670 326,855 5,604
Total other income (expense), net 301,529 15,638 336,902 (30,347)
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 355,775 58,329 497,695 102,864
Income tax benefit (expense) 3,834 649 3,775 1,404
Equity income (loss) from unconsolidated joint ventures (325) 2,327 2,141 4,517
Income (loss) from continuing operations 359,284 61,305 503,611 108,785
Income (loss) from discontinued operations (1,298) 601 2,011 384,569
Net income (loss) 357,986 61,906 505,622 493,354
Noncontrolling interests’ share in continuing operations (4,016) (7,195) (11,701) (14,036)
Noncontrolling interests’ share in discontinued operations 0 0 0 (2,539)
Net income (loss) attributable to Healthpeak Properties, Inc. 353,970 54,711 493,921 476,779
Participating securities’ share in earnings (604) (269) (2,523) (3,001)
Net income (loss) applicable to common shares $ 353,366 $ 54,442 $ 491,398 $ 473,778
Basic earnings (loss) per common share:        
Continuing operations (in dollars per share) $ 0.66 $ 0.10 $ 0.91 $ 0.17
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.71
Net income (loss) applicable to common shares (in dollars per share) 0.66 0.10 0.91 0.88
Diluted earnings (loss) per common share:        
Continuing operations (in dollars per share) 0.65 0.10 0.91 0.17
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.71
Net income (loss) applicable to common shares (in dollars per share) $ 0.65 $ 0.10 $ 0.91 $ 0.88
Weighted average shares outstanding:        
Basic (in shares) 538,417 539,021 539,105 538,879
Diluted (in shares) 546,015 539,388 544,852 539,159