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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental and related revenues $ 2,087,196 $ 1,631,805 $ 1,541,775
Resident fees and services 568,475 527,417 494,935
Interest income and other 44,778 21,781 23,300
Income from direct financing leases 0 0 1,168
Total revenues 2,700,449 2,181,003 2,061,178
Costs and expenses:      
Interest expense 280,430 200,331 172,944
Depreciation and amortization 1,057,205 749,901 710,569
Operating 1,074,861 902,060 862,991
General and administrative 97,162 95,132 131,033
Transaction and merger-related costs 132,685 17,515 4,853
Impairments and loan loss reserves (recoveries), net 22,978 (5,601) 7,004
Total costs and expenses 2,665,321 1,959,338 1,889,394
Other income (expense):      
Gain (loss) on sales of real estate, net 178,695 86,463 9,078
Other income (expense), net 59,345 6,808 326,268
Total other income (expense), net 238,040 93,271 335,346
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 273,168 314,936 507,130
Income tax benefit (expense) (4,350) 9,617 4,425
Equity income (loss) from unconsolidated joint ventures (1,515) 10,204 1,985
Income (loss) from continuing operations 267,303 334,757 513,540
Income (loss) from discontinued operations 0 0 2,884
Net income (loss) 267,303 334,757 516,424
Noncontrolling interests’ share in continuing operations (24,161) (28,748) (15,975)
Net income (loss) attributable to Healthpeak Properties, Inc. 243,142 306,009 500,449
Participating securities’ share in earnings (758) (1,725) (2,657)
Net income (loss) applicable to common shares $ 242,384 $ 304,284 $ 497,792
Basic earnings (loss) per common share:      
Continuing operations (in dollars per share) $ 0.36 $ 0.56 $ 0.92
Discontinued operations (in dollars per share) 0 0 0.00
Net income (loss) applicable to common shares (in dollars per share) 0.36 0.56 0.92
Diluted earnings (loss) per common share:      
Continuing operations (in dollars per share) 0.36 0.56 0.92
Discontinued operations (in dollars per share) 0 0 0.00
Net income (loss) applicable to common shares (in dollars per share) $ 0.36 $ 0.56 $ 0.92
Weighted average shares outstanding:      
Basic (in shares) 675,680 547,006 538,809
Diluted (in shares) 676,233 547,275 539,147