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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental and related revenues $ 326,530 $ 312,600 $ 953,581 $ 908,019
Resident fees and services 264,616 213,040 797,818 517,501
Income from direct financing leases 2,150 9,590 7,569 33,304
Interest income 4,443 2,741 12,361 6,868
Total revenues 597,739 537,971 1,771,329 1,465,692
Costs and expenses:        
Interest expense 56,235 61,230 172,161 167,499
Depreciation and amortization 173,630 171,944 541,394 469,191
Operating 314,292 248,069 1,006,146 630,989
General and administrative 21,661 22,970 67,730 71,445
Transaction costs 2,586 1,319 18,061 7,174
Impairments and loan loss reserves (recoveries), net 34,550 38,257 97,723 115,653
Total costs and expenses 602,954 543,789 1,903,215 1,461,951
Other income (expense):        
Gain (loss) on sales of real estate, net 149 (784) 247,881 18,708
Loss on debt extinguishments (17,921) (35,017) (42,912) (36,152)
Other income (expense), net 7,060 693 237,254 24,834
Total other income (expense), net (10,712) (35,108) 442,223 7,390
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures (15,927) (40,926) 310,337 11,131
Income tax benefit (expense) (24,174) 6,261 16,216 11,583
Equity income (loss) from unconsolidated joint ventures (19,480) (7,643) (48,545) (10,012)
Net income (loss) (59,581) (42,308) 278,008 12,702
Noncontrolling interests' share in earnings (3,836) (3,555) (10,839) (10,692)
Net income (loss) attributable to Healthpeak Properties, Inc. (63,417) (45,863) 267,169 2,010
Participating securities' share in earnings (351) (386) (2,151) (1,223)
Net income (loss) applicable to common shares $ (63,768) $ (46,249) $ 265,018 $ 787
Earnings (loss) per common share:        
Basic (in dollars per share) $ (0.12) $ (0.09) $ 0.50 $ 0.00
Diluted (in dollars per share) $ (0.12) $ (0.09) $ 0.50 $ 0.00
Weighted average shares outstanding:        
Basic (in shares) 538,333 491,203 527,908 482,595
Diluted (in shares) 538,333 491,203 528,455 484,792