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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental and related revenues $ 340,642 $ 288,253 $ 668,614 $ 570,570
Resident fees and services 117,308 113,926 233,436 205,706
Income from direct financing leases 2,180 2,150 4,343 5,419
Interest income 16,108 4,230 25,121 7,918
Total revenues 476,238 408,559 931,514 789,613
Costs and expenses:        
Interest expense 38,681 54,823 85,524 110,514
Depreciation and amortization 171,459 139,691 328,997 264,803
Operating 190,132 177,808 371,893 415,185
General and administrative 24,088 23,720 48,990 46,069
Transaction costs 619 373 1,417 14,936
Impairments and loan loss reserves (recoveries), net 931 6,837 4,173 17,944
Total costs and expenses 425,910 403,252 840,994 869,451
Other income (expense):        
Gain (loss) on sales of real estate, net 175,238 81,284 175,238 83,353
Gain (loss) on debt extinguishments (60,865) (25,824) (225,157) (24,991)
Other income (expense), net 1,734 17,415 3,934 228,068
Total other income (expense), net 116,107 72,875 (45,985) 286,430
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 166,435 78,182 44,535 206,592
Income tax benefit (expense) 763 (106) 755 29,762
Equity income (loss) from unconsolidated joint ventures 867 (17,735) 2,190 (28,881)
Income (loss) from continuing operations 168,065 60,341 47,480 207,473
Income (loss) from discontinued operations 113,960 (5,292) 383,968 130,116
Net income (loss) 282,025 55,049 431,448 337,589
Noncontrolling interests’ share in continuing operations (3,535) (3,486) (6,841) (6,949)
Noncontrolling interests’ share in discontinued operations (2,210) (57) (2,539) (54)
Net income (loss) attributable to Healthpeak Properties, Inc. 276,280 51,506 422,068 330,586
Participating securities’ share in earnings (287) (375) (2,732) (1,800)
Net income (loss) applicable to common shares $ 275,993 $ 51,131 $ 419,336 $ 328,786
Basic earnings (loss) per common share:        
Continuing operations (in dollars per share) $ 0.30 $ 0.10 $ 0.07 $ 0.38
Discontinued operations (in dollars per share) 0.21 (0.01) 0.71 0.25
Net income (loss) applicable to common shares (in dollars per share) 0.51 0.09 0.78 0.63
Diluted earnings (loss) per common share:        
Continuing operations (in dollars per share) 0.30 0.10 0.07 0.38
Discontinued operations (in dollars per share) 0.21 (0.01) 0.71 0.25
Net income (loss) applicable to common shares (in dollars per share) $ 0.51 $ 0.09 $ 0.78 $ 0.63
Weighted average shares outstanding:        
Basic (in shares) 538,929 538,262 538,805 522,427
Diluted (in shares) 544,694 538,517 539,081 523,498