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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Rental income $ 352,743 $ 352,101
Income from loans and investments 13,589 9,847
Interest and other income 1,743 536
Total revenues 1,077,245 1,017,554
Interest 128,075 110,794
Depreciation and amortization 282,119 289,064
Property-level operating expenses 607,931 542,721
Third party capital management expenses 1,706 1,313
General, administrative and professional fees 44,798 42,998
Transaction expenses and deal costs 1,386 19,992
Allowance on loans receivable and investments (8,064) (54)
Other 7,762 (27,190)
Total expenses 1,065,713 979,638
Income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 11,532 37,916
Loss from unconsolidated entities (5,623) (4,269)
Gain on real estate dispositions 10,201 2,455
Income tax benefit 2,802 4,490
Income from continuing operations 18,912 40,592
Net income 18,912 40,592
Net income attributable to noncontrolling interests 1,395 1,860
Net income attributable to common stockholders $ 17,517 $ 38,732
Basic:    
Income from continuing operations (in usd per share) $ 0.05 $ 0.10
Net income attributable to common stockholders (in usd per share) 0.04 0.10
Diluted:    
Income from continuing operations (in usd per share) [1] 0.05 0.10
Net income attributable to common stockholders (in usd per share) [1] $ 0.04 $ 0.10
Triple-Net Leased Properties    
Rental income $ 149,739 $ 151,561
Property-level operating expenses 3,796 4,008
Office Operations    
Rental income 203,004 200,540
Property-level operating expenses 66,913 63,183
Resident fees and services    
Other revenues 704,993 651,121
Third party capital management revenues    
Other revenues 4,177 3,949
Senior housing    
Property-level operating expenses $ 537,222 $ 475,530
[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.