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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Rental and related revenues $ 327,972 $ 282,317
Resident fees and services 116,128 91,780
Income from direct financing leases 2,163 3,269
Interest income 9,013 3,688
Total revenues 455,276 381,054
Costs and expenses:    
Interest expense 46,843 55,691
Depreciation and amortization 157,538 125,112
Operating 181,761 237,377
General and administrative 24,902 22,349
Transaction costs 798 14,563
Impairments and loan loss reserves (recoveries), net 3,242 11,107
Total costs and expenses 415,084 466,199
Other income (expense):    
Gain (loss) on sales of real estate, net 0 2,069
Gain (loss) on debt extinguishments (164,292) 833
Other income (expense), net 2,200 210,653
Total other income (expense), net (162,092) 213,555
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures (121,900) 128,410
Income tax benefit (expense) (8) 29,868
Equity income (loss) from unconsolidated joint ventures 1,323 (11,146)
Income (loss) from continuing operations (120,585) 147,132
Income (loss) from discontinued operations 270,008 135,408
Net income (loss) 149,423 282,540
Noncontrolling interests’ share in continuing operations (3,306) (3,463)
Noncontrolling interests’ share in discontinued operations (329) 3
Net income (loss) attributable to Healthpeak Properties, Inc. 145,788 279,080
Participating securities’ share in earnings (2,451) (1,616)
Net income (loss) applicable to common shares $ 143,337 $ 277,464
Basic earnings (loss) per common share:    
Continuing operations (in dollars per share) $ (0.23) $ 0.28
Discontinued operations (in dollars per share) 0.50 0.27
Net income (loss) applicable to common shares (in dollars per share) 0.27 0.55
Diluted earnings (loss) per common share:    
Continuing operations (in dollars per share) (0.23) 0.28
Discontinued operations (in dollars per share) 0.50 0.26
Net income (loss) applicable to common shares (in dollars per share) $ 0.27 $ 0.54
Weighted average shares outstanding:    
Basic (in shares) 538,679 506,476
Diluted (in shares) 538,679 515,045