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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Rental and related revenues $ 543,251 $ 417,075 $ 1,552,065 $ 1,219,473
Resident fees and services 142,845 133,808 422,512 391,076
Interest income and other 14,301 5,360 27,884 16,802
Total revenues 700,397 556,243 2,002,461 1,627,351
Costs and expenses:        
Interest expense 74,105 50,510 209,922 147,547
Depreciation and amortization 280,019 184,559 782,736 561,357
Operating 280,279 232,734 797,835 677,659
General and administrative 23,216 23,093 73,233 73,576
Transaction and merger-related costs 7,134 36 122,113 3,098
Impairments and loan loss reserves (recoveries), net 441 (550) 11,346 (156)
Total costs and expenses 665,194 490,382 1,997,185 1,463,081
Other income (expense):        
Gain (loss) on sales of real estate, net 62,325 0 187,624 86,463
Other income (expense), net 982 1,481 83,502 4,208
Total other income (expense), net 63,307 1,481 271,126 90,671
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 98,510 67,342 276,402 254,941
Income tax benefit (expense) (1,938) (787) (18,364) (2,225)
Equity income (loss) from unconsolidated joint ventures (3,834) 2,101 (1,407) 6,646
Net income (loss) 92,738 68,656 256,631 259,362
Noncontrolling interests’ share in earnings (6,866) (4,442) (18,036) (24,297)
Net income (loss) attributable to Healthpeak Properties, Inc. 85,872 64,214 238,595 235,065
Participating securities’ share in earnings (197) (166) (610) (1,568)
Net income (loss) applicable to common shares $ 85,675 $ 64,048 $ 237,985 $ 233,497
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.12 $ 0.12 $ 0.36 $ 0.43
Diluted (in dollars per share) $ 0.12 $ 0.12 $ 0.36 $ 0.43
Weighted average shares outstanding:        
Basic (in shares) 699,349 547,062 667,536 546,978
Diluted (in shares) 700,146 547,331 668,096 547,247