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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 1,632,026 $ 1,040,155 $ 1,117,164
Expenses:      
Property operating expenses 1,236,357 489,070 451,581
Depreciation and amortization 270,147 289,025 286,235
General and administrative 30,593 37,028 85,885
Acquisition and certain other transaction related costs 814 13,102 194
Impairment of assets 106,972 115,201 66,346
Costs and Expenses, Total 1,644,883 943,426 890,241
Gain on sale of properties 6,487 39,696 261,916
Dividend income 0 1,846 2,901
Gains and losses on equity securities, net 34,106 (41,898) (20,724)
Interest and other income 18,221 941 667
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $8,022, $6,032 and $6,221, respectively) (201,483) (180,112) (179,287)
Gain on lease termination 22,896 0 0
Loss on early extinguishment of debt (427) (44) (22)
(Loss) income from continuing operations before income tax expense and equity in earnings of an investee (133,057) (82,842) 292,374
Income tax expense (1,250) (436) (476)
Equity in earnings of an investee 0 400 516
Net (loss) income (134,307) (82,878) 292,414
Net income attributable to noncontrolling interest (5,146) (5,356) (5,542)
Net (loss) income attributable to common shareholders (139,453) (88,234) 286,872
Other comprehensive income (loss):      
Amounts reclassified from cumulative other comprehensive income to net income 0 175 0
Equity in unrealized gain (loss) of an investee 0 91 (68)
Other comprehensive income (loss) 0 266 (68)
Comprehensive (loss) income (134,307) (82,612) 292,346
Comprehensive income attributable to noncontrolling interest (5,146) (5,356) (5,542)
Comprehensive (loss) income attributable to common shareholders $ (139,453) $ (87,968) $ 286,804
Weighted average shares used in computing earnings per common share:      
Weighted average common shares outstanding (basic) (in shares) 237,739 237,604 237,511
Weighted average common shares outstanding (diluted) (in shares) 237,739 237,604 237,546
Per common share amounts (basic and diluted)      
Net (loss) income attributable to common shareholders (in dollars per share) $ (0.59) $ (0.37) $ 1.21
Rental income      
Revenues:      
Total revenues $ 427,215 $ 606,558 $ 700,641
Residents fees and services      
Revenues:      
Total revenues $ 1,204,811 $ 433,597 $ 416,523