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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues [Abstract]        
Rental and related revenues $ 417,075 $ 392,301 $ 1,219,473 $ 1,149,530
Resident fees and services 133,808 122,142 391,076 369,062
Interest income 5,360 5,963 16,802 16,950
Income from direct financing leases 0 0 0 1,168
Total revenues 556,243 520,406 1,627,351 1,536,710
Costs and expenses:        
Interest expense 50,510 44,078 147,547 123,531
Depreciation and amortization 184,559 173,190 561,357 531,412
Operating 232,734 220,208 677,659 642,499
General and administrative 23,093 24,549 73,576 73,161
Transaction costs 36 728 3,098 1,636
Impairments and loan loss reserves (recoveries), net (550) 3,407 (156) 3,678
Total costs and expenses 490,382 466,160 1,463,081 1,375,917
Other income (expense):        
Gain (loss) on sales of real estate, net 0 (4,149) 86,463 10,047
Other income (expense), net 1,481 305,678 4,208 326,855
Total other income (expense), net 1,481 301,529 90,671 336,902
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 67,342 355,775 254,941 497,695
Income tax benefit (expense) (787) 3,834 (2,225) 3,775
Equity income (loss) from unconsolidated joint ventures 2,101 (325) 6,646 2,141
Income (loss) from continuing operations 68,656 359,284 259,362 503,611
Income (loss) from discontinued operations 0 (1,298) 0 2,011
Net income (loss) 68,656 357,986 259,362 505,622
Noncontrolling interests’ share in continuing operations (4,442) (4,016) (24,297) (11,701)
Net income (loss) attributable to Healthpeak Properties, Inc. 64,214 353,970 235,065 493,921
Participating securities’ share in earnings (166) (604) (1,568) (2,523)
Net income (loss) applicable to common shares $ 64,048 $ 353,366 $ 233,497 $ 491,398
Basic earnings (loss) per common share:        
Continuing operations (in dollars per share) $ 0.12 $ 0.66 $ 0.43 $ 0.91
Discontinued operations (in dollars per share) 0 0.00 0 0.00
Net income (loss) applicable to common shares (in dollars per share) 0.12 0.66 0.43 0.91
Diluted earnings (loss) per common share:        
Continuing operations (in dollars per share) 0.12 0.65 0.43 0.91
Discontinued operations (in dollars per share) 0 0.00 0 0.00
Net income (loss) applicable to common shares (in dollars per share) $ 0.12 $ 0.65 $ 0.43 $ 0.91
Weighted average shares outstanding:        
Basic (in shares) 547,062 538,417 546,978 539,105
Diluted (in shares) 547,331 546,015 547,247 544,852