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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Revenue $ 1,283,566 $ 1,383,212 $ 1,632,026
Expenses:      
Property operating expenses 1,109,070 1,091,812 1,236,357
Depreciation and amortization 239,280 271,131 270,147
General and administrative 26,435 34,087 30,593
Acquisition and certain other transaction related costs 2,605 17,506 814
Impairment of assets 0 (174) 106,972
Total expenses 1,377,390 1,414,362 1,644,883
Gain on sale of properties 321,862 492,272 6,487
Gains and losses on equity securities, net (25,660) (42,232) 34,106
Interest and other income 15,929 20,635 18,221
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $8,658, $13,408 and $8,022, respectively) (209,383) (255,759) (201,483)
Gain on lease termination 0 0 22,896
Loss on modification or early extinguishment of debt (30,043) (2,410) (427)
(Loss) income from continuing operations before income tax expense and equity in net earnings of investees (21,119) 181,356 (133,057)
Income tax expense (710) (1,430) (1,250)
Equity in net earnings of investees 6,055 0 0
Net (loss) income (15,774) 179,926 (134,307)
Net income attributable to noncontrolling interest 0 (5,411) (5,146)
Net (loss) income attributable to common shareholders $ (15,774) $ 174,515 $ (139,453)
Weighted average shares used in computing earnings per common share:      
Weighted average common shares outstanding (basic) (in shares) 238,314 237,967 237,739
Weighted average common shares outstanding (diluted) (in shares) 238,314 237,967 237,739
Per common share amounts (basic and diluted)      
Net income (loss) attributable to common shareholders - basic (in dollars per share) $ (0.07) $ 0.73 $ (0.59)
Net income (loss) attributable to common shareholders - diluted (in dollars per share) $ (0.07) $ 0.73 $ (0.59)
Rental income      
Revenues:      
Revenue $ 260,740 $ 408,589 $ 427,215
Residents fees and services      
Revenues:      
Revenue $ 1,022,826 $ 974,623 $ 1,204,811