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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Rental income $ 354,512 $ 408,322 $ 1,126,934 $ 1,208,388
Income from loans and investments 18,666 30,164 62,203 66,819
Interest and other income 572 620 6,965 10,109
Total revenues 918,940 983,155 2,874,192 2,876,746
Interest 115,505 113,967 355,333 334,955
Depreciation and amortization 249,366 234,603 847,797 696,710
Property-level operating expenses 494,985 461,493 1,474,558 1,327,898
Office building services costs 557 627 1,827 1,775
General, administrative and professional fees 34,228 40,530 106,747 124,369
Loss on extinguishment of debt, net 7,386 37,434 7,386 41,861
Merger-related expenses and deal costs 11,325 4,304 26,129 11,084
Allowance on loans receivable and investments 4,999 0 34,654 0
Other 3,534 2,164 10,624 (9,294)
Total expenses 921,885 895,122 2,865,055 2,529,358
(Loss) income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests (2,945) 88,033 9,137 347,388
Income (loss) from unconsolidated entities 865 854 (15,861) (2,621)
Gain on real estate dispositions 12,622 36 240,101 24,633
Income tax benefit (expense) 3,195 (2,005) 95,855 57,004
Income from continuing operations 13,737 86,918 329,232 426,404
Net income 13,737 86,918 329,232 426,404
Net income attributable to noncontrolling interests 986 1,659 534 4,831
Net income attributable to common stockholders $ 12,751 $ 85,259 $ 328,698 $ 421,573
Basic:        
Income from continuing operations (in usd per share) $ 0.04 $ 0.23 $ 0.88 $ 1.17
Net income attributable to common stockholders (in usd per share) 0.03 0.23 0.88 1.16
Diluted:        
Income from continuing operations (in usd per share) 0.04 0.23 0.88 1.16
Net income attributable to common stockholders (in usd per share) $ 0.03 $ 0.23 $ 0.87 $ 1.15
Triple-Net Leased Properties        
Rental income $ 156,136 $ 193,383 $ 527,238 $ 589,833
Property-level operating expenses 5,398 6,338   20,092
Office Operations        
Rental income 198,376 214,939 599,696 618,555
Property-level operating expenses 66,934 67,144   191,972
Resident fees and services        
Other revenues 541,322 541,090 1,667,421 1,583,262
Office building and other services revenue        
Other revenues 3,868 2,959 $ 10,669 8,168
Senior Living Operations        
Property-level operating expenses $ 422,653 $ 388,011   $ 1,115,834