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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Rental and related revenues $ 1,631,805 $ 1,541,775 $ 1,378,384
Resident fees and services 527,417 494,935 471,325
Interest income 21,781 23,300 37,773
Income from direct financing leases 0 1,168 8,702
Total revenues 2,181,003 2,061,178 1,896,184
Costs and expenses:      
Interest expense 200,331 172,944 157,980
Depreciation and amortization 749,901 710,569 684,286
Operating 902,060 862,991 773,279
General and administrative 95,132 131,033 98,303
Transaction and merger-related costs 17,515 4,853 1,841
Impairments and loan loss reserves (recoveries), net (5,601) 7,004 23,160
Total costs and expenses 1,959,338 1,889,394 1,738,849
Other income (expense):      
Gain (loss) on sales of real estate, net 86,463 9,078 190,590
Gain (loss) on debt extinguishments 0 0 (225,824)
Other income (expense), net 6,808 326,268 6,266
Total other income (expense), net 93,271 335,346 (28,968)
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures 314,936 507,130 128,367
Income tax benefit (expense) 9,617 4,425 3,261
Equity income (loss) from unconsolidated joint ventures 10,204 1,985 6,100
Income (loss) from continuing operations 334,757 513,540 137,728
Income (loss) from discontinued operations 0 2,884 388,202
Net income (loss) 334,757 516,424 525,930
Noncontrolling interests’ share in continuing operations (28,748) (15,975) (17,851)
Noncontrolling interests’ share in discontinued operations 0 0 (2,539)
Net income (loss) attributable to Healthpeak Properties, Inc. 306,009 500,449 505,540
Participating securities’ share in earnings (1,725) (2,657) (3,269)
Net income (loss) applicable to common shares $ 304,284 $ 497,792 $ 502,271
Basic earnings (loss) per common share:      
Continuing operations (in dollars per share) $ 0.56 $ 0.92 $ 0.22
Discontinued operations (in dollars per share) 0 0.00 0.71
Net income (loss) applicable to common shares (in dollars per share) 0.56 0.92 0.93
Diluted earnings (loss) per common share:      
Continuing operations (in dollars per share) 0.56 0.92 0.22
Discontinued operations (in dollars per share) 0 0.00 0.71
Net income (loss) applicable to common shares (in dollars per share) $ 0.56 $ 0.92 $ 0.93
Weighted average shares outstanding:      
Basic (in shares) 547,006 538,809 538,930
Diluted (in shares) 547,275 539,147 539,241