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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental and related revenues $ 314,688 $ 294,222
Resident fees and services 263,505 126,695
Income from direct financing leases 3,269 13,524
Interest income 3,688 1,713
Total revenues 585,150 436,154
Costs and expenses:    
Interest expense 58,376 49,327
Depreciation and amortization 189,276 131,951
Operating 376,013 168,927
General and administrative 22,349 21,355
Transaction costs 14,848 4,518
Impairments and loan loss reserves (recoveries), net 39,123 8,858
Total costs and expenses 699,985 384,936
Other income (expense):    
Gain (loss) on sales of real estate, net 164,869 8,044
Loss on debt extinguishments 833 0
Other income (expense), net 210,608 3,133
Total other income (expense), net 376,310 11,177
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 261,475 62,395
Income tax benefit (expense) 33,044 3,458
Equity income (loss) from unconsolidated joint ventures (11,979) (863)
Net income (loss) 282,540 64,990
Noncontrolling interests' share in earnings (3,460) (3,520)
Net income (loss) attributable to Healthpeak Properties, Inc. 279,080 61,470
Participating securities' share in earnings (1,616) (441)
Net income (loss) applicable to common shares $ 277,464 $ 61,029
Earnings per common share:    
Basic (in dollars per share) $ 0.55 $ 0.13
Diluted (in dollars per share) $ 0.54 $ 0.13
Weighted average shares outstanding:    
Basic (in shares) 506,476 477,766
Diluted (in shares) 515,045 479,131