XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Rental and related revenues $ 370,150 $ 327,972
Resident fees and services 121,560 116,128
Income from direct financing leases 1,168 2,163
Interest income 5,494 9,013
Total revenues 498,372 455,276
Costs and expenses:    
Interest expense 37,586 46,843
Depreciation and amortization 177,733 157,538
Operating 207,247 181,761
General and administrative 23,831 24,902
Transaction costs 296 798
Impairments and loan loss reserves (recoveries), net 132 3,242
Total costs and expenses 446,825 415,084
Other income (expense):    
Gain (loss) on sales of real estate, net 3,856 0
Gain (loss) on debt extinguishments 0 (164,292)
Other income (expense), net 18,316 2,200
Total other income (expense), net 22,172 (162,092)
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 73,719 (121,900)
Income tax benefit (expense) (777) (8)
Equity income (loss) from unconsolidated joint ventures 2,084 1,323
Income (loss) from continuing operations 75,026 (120,585)
Income (loss) from discontinued operations 317 270,008
Net income (loss) 75,343 149,423
Noncontrolling interests’ share in continuing operations (3,730) (3,306)
Noncontrolling interests’ share in discontinued operations 0 (329)
Net income (loss) attributable to Healthpeak Properties, Inc. 71,613 145,788
Participating securities’ share in earnings (1,976) (2,451)
Net income (loss) applicable to common shares $ 69,637 $ 143,337
Basic earnings (loss) per common share:    
Continuing operations (in dollars per share) $ 0.13 $ (0.23)
Discontinued operations (in dollars per share) 0.00 0.50
Net income (loss) applicable to common shares (in dollars per share) 0.13 0.27
Diluted earnings (loss) per common share:    
Continuing operations (in dollars per share) 0.13 (0.23)
Discontinued operations (in dollars per share) 0.00 0.50
Net income (loss) applicable to common shares (in dollars per share) $ 0.13 $ 0.27
Weighted average shares outstanding:    
Basic (in shares) 539,352 538,679
Diluted (in shares) 539,586 538,679