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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental and related revenues $ 546,781 $ 409,967 $ 1,008,814 $ 802,398
Resident fees and services 140,891 130,184 279,667 257,268
Interest income and other 7,832 5,279 13,583 11,442
Total revenues 695,504 545,430 1,302,064 1,071,108
Costs and expenses:        
Interest expense 74,910 49,074 135,817 97,037
Depreciation and amortization 283,498 197,573 502,717 376,798
Operating 273,827 221,837 517,556 444,925
General and administrative 26,718 25,936 50,017 50,483
Transaction and merger-related costs 7,759 637 114,979 3,062
Impairments and loan loss reserves (recoveries), net (553) 2,607 10,905 394
Total costs and expenses 666,159 497,664 1,331,991 972,699
Other income (expense):        
Gain (loss) on sales of real estate, net 122,044 4,885 125,299 86,463
Other income (expense), net 4,004 1,955 82,520 2,727
Total other income (expense), net 126,048 6,840 207,819 89,190
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 155,393 54,606 177,892 187,599
Income tax benefit (expense) (2,728) (1,136) (16,426) (1,438)
Equity income (loss) from unconsolidated joint ventures 51 2,729 2,427 4,545
Net income (loss) 152,716 56,199 163,893 190,706
Noncontrolling interests’ share in earnings (6,669) (4,300) (11,170) (19,855)
Net income (loss) attributable to Healthpeak Properties, Inc. 146,047 51,899 152,723 170,851
Participating securities’ share in earnings (214) (149) (414) (1,402)
Net income (loss) applicable to common shares $ 145,833 $ 51,750 $ 152,309 $ 169,449
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.21 $ 0.09 $ 0.23 $ 0.31
Diluted (in dollars per share) $ 0.21 $ 0.09 $ 0.23 $ 0.31
Weighted average shares outstanding:        
Basic (in shares) 702,382 547,026 651,642 546,936
Diluted (in shares) 703,268 547,294 652,113 547,204