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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Numerator
 
 
 
 
 
 
 
Net income (loss)
$
(42,308
)
 
$
102,926

 
$
12,702

 
$
239,091

Noncontrolling interests' share in earnings
(3,555
)
 
(3,555
)
 
(10,692
)
 
(9,546
)
Net income (loss) attributable to Healthpeak Properties, Inc.
(45,863
)
 
99,371

 
2,010

 
229,545

Less: Participating securities' share in earnings
(386
)
 
(425
)
 
(1,223
)
 
(1,278
)
Net income (loss) applicable to common shares
$
(46,249
)
 
$
98,946

 
$
787

 
$
228,267

Denominator
 

 
 

 
 
 
 
Basic weighted average shares outstanding
491,203

 
469,867

 
482,595

 
469,732

Dilutive potential common shares - equity awards

 
251

 
296

 
144

Dilutive potential common shares - forward equity agreements(1)

 

 
1,901

 

Diluted weighted average common shares
491,203

 
470,118

 
484,792

 
469,876

Basic earnings per common share
 
 
 
 
 
 
 
Basic
$
(0.09
)
 
$
0.21

 
$
0.00

 
$
0.49

Diluted
$
(0.09
)
 
$
0.21

 
$
0.00

 
$
0.49


_______________________________________
(1)
Represents the current dilutive impact of 19 million shares of common stock under forward sales agreements that have not been settled as of September 30, 2019. Based on the forward price of each agreement as of September 30, 2019, issuance of all 19 million shares would result in approximately $572 million of net proceeds.