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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Rental and related revenues $ 1,541,775 $ 1,378,384 $ 1,182,108
Resident fees and services 494,935 471,325 436,494
Income from direct financing leases 1,168 8,702 9,720
Interest income 23,300 37,773 16,553
Total revenues 2,061,178 1,896,184 1,644,875
Costs and expenses:      
Interest expense 172,944 157,980 218,336
Depreciation and amortization 710,569 684,286 553,949
Operating 862,991 773,279 782,541
General and administrative 131,033 98,303 93,237
Transaction costs 4,853 1,841 18,342
Impairments and loan loss reserves (recoveries), net 7,004 23,160 42,909
Total costs and expenses 1,889,394 1,738,849 1,709,314
Other income (expense):      
Gain (loss) on sales of real estate, net 9,078 190,590 90,350
Gain (loss) on debt extinguishments 0 (225,824) (42,912)
Other income (expense), net 326,268 6,266 234,684
Total other income (expense), net 335,346 (28,968) 282,122
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 507,130 128,367 217,683
Income tax benefit (expense) 4,425 3,261 9,423
Equity income (loss) from unconsolidated joint ventures 1,985 6,100 (66,599)
Income (loss) from continuing operations 513,540 137,728 160,507
Income (loss) from discontinued operations 2,884 388,202 267,746
Net income (loss) 516,424 525,930 428,253
Noncontrolling interests’ share in continuing operations (15,975) (17,851) (14,394)
Noncontrolling interests’ share in discontinued operations 0 (2,539) (296)
Net income (loss) applicable to Healthpeak Properties, Inc. 500,449 505,540 413,563
Participating securities’ share in earnings (2,657) (3,269) (2,416)
Net income (loss) applicable to common shares $ 497,792 $ 502,271 $ 411,147
Basic earnings (loss) per common share:      
Continuing operations (in dollars per share) $ 0.92 $ 0.22 $ 0.27
Discontinued operations (in dollars per share) 0.00 0.71 0.50
Net income (loss) applicable to common shares (in dollars per share) 0.92 0.93 0.77
Diluted earnings (loss) per common share:      
Continuing operations (in dollars per share) 0.92 0.22 0.27
Discontinued operations (in dollars per share) 0.00 0.71 0.50
Net income (loss) applicable to common shares (in dollars per share) $ 0.92 $ 0.93 $ 0.77
Weighted average shares outstanding:      
Basic (in shares) 538,809 538,930 530,555
Diluted (in shares) 539,147 539,241 531,056