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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Rental income $ 383,052 $ 354,512 $ 1,100,003 $ 1,126,934
Income from loans and investments 28,729 18,666 65,404 62,203
Interest and other income 417 572 1,343 6,965
Total revenues 976,078 918,940 2,805,563 2,874,192
Interest 108,816 115,505 329,634 355,333
Depreciation and amortization 313,596 249,366 878,444 847,797
Property-level operating expenses 523,328 494,985 1,504,123 1,474,558
Office building services costs 522 557 1,798 1,827
General, administrative and professional fees 30,259 32,081 101,156 100,621
Loss on extinguishment of debt, net 29,792 7,386 56,808 7,386
Merger-related expenses and deal costs 22,662 11,325 28,000 26,129
Allowance on loans receivable and investments (60) 4,999 (9,021) 34,654
Other 33,673 5,681 10,755 16,750
Total expenses 1,062,588 921,885 2,901,697 2,865,055
(Loss) income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests (86,510) (2,945) (96,134) 9,137
Income (loss) from unconsolidated entities 2,772 865 7,289 (15,861)
Gain on real estate dispositions 150,292 12,622 194,083 240,101
Income tax (expense) benefit (3,780) 3,195 (9,574) 95,855
Income from continuing operations 62,774 13,737 95,664 329,232
Net income 62,774 13,737 95,664 329,232
Net income attributable to noncontrolling interests 2,094 986 5,802 534
Net income attributable to common stockholders $ 60,680 $ 12,751 $ 89,862 $ 328,698
Basic:        
Income from continuing operations (in usd per share) $ 0.16 $ 0.04 $ 0.25 $ 0.88
Net income attributable to common stockholders (in usd per share) 0.16 0.03 0.24 0.88
Diluted:        
Income from continuing operations (in usd per share) 0.16 0.04 0.25 0.88
Net income attributable to common stockholders (in usd per share) $ 0.16 $ 0.03 $ 0.24 $ 0.87
Triple-Net Leased Properties        
Rental income $ 181,379 $ 156,136 $ 500,487 $ 527,238
Property-level operating expenses 3,268 5,398   17,004
Office Operations        
Rental income 201,673 198,376 599,516 599,696
Property-level operating expenses 66,401 66,934   192,192
Resident fees and services        
Other revenues 558,039 541,322 1,622,641 1,667,421
Office building and other services revenue        
Other revenues 5,841 3,868 $ 16,172 10,669
Senior Living Operations        
Property-level operating expenses $ 453,659 $ 422,653   $ 1,265,362