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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Rental income $ 348,638 $ 359,611 $ 700,739 $ 716,951
Income from loans and investments 10,752 17,665 20,599 36,675
Interest and other income 1,166 585 1,702 926
Total revenues 1,022,938 919,194 2,040,492 1,829,485
Interest 113,951 110,051 224,745 220,818
Depreciation and amortization 283,075 250,700 572,139 564,848
Property-level operating expenses 574,359 494,195 1,117,080 980,795
Office building and other services costs 1,410 658 2,723 1,276
General, administrative and professional fees 32,915 30,588 75,913 70,897
Loss (gain) on extinguishment of debt, net 7 (74) 7 27,016
Transaction expenses and deal costs 13,078 721 33,070 5,338
Allowance on loans receivable and investments (62) (59) (116) (8,961)
Other 48,116 (13,490) 20,926 (22,918)
Total expenses 1,066,849 873,290 2,046,487 1,839,109
(Loss) income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests (43,911) 45,904 (5,995) (9,624)
(Loss) income from unconsolidated entities (1,047) 4,767 (5,316) 4,517
(Loss) gain on real estate dispositions (34) 41,258 2,421 43,791
Income tax benefit (expense) 3,790 (3,641) 8,280 (5,794)
(Loss) income from continuing operations (41,202) 88,288 (610) 32,890
Net (loss) income (41,202) 88,288 (610) 32,890
Net income attributable to noncontrolling interests 1,214 1,897 3,074 3,708
Net (loss) income attributable to common stockholders $ (42,416) $ 86,391 $ (3,684) $ 29,182
Basic:        
(Loss) income from continuing operations, basic (in usd per share) $ (0.10) $ 0.24 $ 0 $ 0.09
Net (loss) income attributable to common stockholders, basic (in usd per share) (0.11) 0.23 (0.01) 0.08
Diluted:        
(Loss) income from continuing operations, diluted (in usd per share) [1] (0.10) 0.23 0 0.09
Net (loss) income attributable to common stockholders, diluted (in usd per share) [1] $ (0.11) $ 0.23 $ (0.01) $ 0.08
Triple-Net Leased Properties        
Rental income $ 149,397 $ 159,223 $ 300,958 $ 319,108
Property-level operating expenses 3,585 4,432   9,257
Office Operations        
Rental income 199,241 200,388 399,781 397,843
Property-level operating expenses 63,328 64,950   128,896
Resident fees and services        
Other revenues 658,056 535,952 1,309,177 1,064,602
Office building and other services revenue        
Other revenues 4,326 5,381 $ 8,275 10,331
Senior housing        
Property-level operating expenses $ 507,446 $ 424,813   $ 842,642
[1] Potential common shares are not included in the computation of diluted earnings per share when a loss from continuing operations exists as the effect would be an antidilutive per share amount.