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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Rental income $ 359,611 $ 369,165 $ 716,951 $ 772,422
Income from loans and investments 17,665 19,491 36,675 43,537
Interest and other income 585 1,540 926 6,393
Total revenues 919,194 943,198 1,829,485 1,955,252
Interest 110,051 123,132 220,818 239,828
Depreciation and amortization 250,700 349,594 564,848 598,431
Property-level operating expenses 494,195 498,605 980,795 979,573
Office building services costs 658 543 1,276 1,270
General, administrative and professional fees 30,588 28,080 70,897 68,540
(Gain) loss on extinguishment of debt, net (74) 0 27,016 0
Merger-related expenses and deal costs 721 6,586 5,338 14,804
Allowance on loans receivable and investments (59) 29,655 (8,961) 29,655
Other (13,490) 5,286 (22,918) 11,069
Total expenses 873,290 1,041,481 1,839,109 1,943,170
Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 45,904 (98,283) (9,624) 12,082
Income (loss) from unconsolidated entities 4,767 (5,850) 4,517 (16,726)
Gain on real estate dispositions 41,258 1,254 43,791 227,479
Income tax (expense) benefit (3,641) (56,356) (5,794) 92,660
Income (loss) from continuing operations 88,288 (159,235) 32,890 315,495
Net income (loss) 88,288 (159,235) 32,890 315,495
Net income (loss) attributable to noncontrolling interests 1,897 (2,065) 3,708 (452)
Net income (loss) attributable to common stockholders $ 86,391 $ (157,170) $ 29,182 $ 315,947
Basic:        
Income from continuing operations (in usd per share) $ 0.24 $ (0.43) $ 0.09 $ 0.85
Net income attributable to common stockholders (in usd per share) 0.23 (0.42) 0.08 0.85
Diluted:        
Income from continuing operations (in usd per share) 0.23 (0.43) 0.09 0.84
Net income attributable to common stockholders (in usd per share) $ 0.23 $ (0.42) $ 0.08 $ 0.84
Triple-Net Leased Properties        
Rental income $ 159,223 $ 176,240 $ 319,108 $ 371,102
Property-level operating expenses 4,432 5,275   11,606
Office Operations        
Rental income 200,388 192,925 397,843 401,320
Property-level operating expenses 64,950 60,752   125,258
Resident fees and services        
Other revenues 535,952 549,329 1,064,602 1,126,099
Office building and other services revenue        
Other revenues 5,381 3,673 $ 10,331 6,801
Senior Living Operations        
Property-level operating expenses $ 424,813 $ 432,578   $ 842,709