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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Revenue $ 1,383,212 $ 1,632,026 $ 1,040,155
Gains and losses on equity securities, net (42,232) 34,106 (41,898)
Expenses:      
Property operating expenses 1,091,812 1,236,357 489,070
Depreciation and amortization 271,131 270,147 289,025
General and administrative 34,087 30,593 37,028
Acquisition and certain other transaction related costs 17,506 814 13,102
Impairment of assets (174) 106,972 115,201
Total expenses 1,414,362 1,644,883 943,426
Gain on sale of properties 492,272 6,487 39,696
Dividend income 0 0 1,846
Gains and losses on equity securities, net (42,232) 34,106 (41,898)
Interest and other income 20,635 18,221 941
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $13,408, $8,022 and $6,032, respectively) (255,759) (201,483) (180,112)
Gain on lease termination 0 22,896 0
Loss on early extinguishment of debt (2,410) (427) (44)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee 181,356 (133,057) (82,842)
Income tax expense (1,430) (1,250) (436)
Equity in earnings of an investee 0 0 400
Net income (loss) 179,926 (134,307) (82,878)
Net income attributable to noncontrolling interest (5,411) (5,146) (5,356)
Net income (loss) attributable to common shareholders 174,515 (139,453) (88,234)
Other comprehensive income:      
Amounts reclassified from cumulative other comprehensive income to net income 0 0 175
Equity in unrealized gain of an investee 0 0 91
Other comprehensive income 0 0 266
Comprehensive income (loss) 179,926 (134,307) (82,612)
Comprehensive income attributable to noncontrolling interest (5,411) (5,146) (5,356)
Comprehensive income (loss) attributable to common shareholders $ 174,515 $ (139,453) $ (87,968)
Weighted average shares used in computing earnings per common share:      
Weighted average common shares outstanding (basic) (in shares) 237,967 237,739 237,604
Weighted average common shares outstanding (diluted) (in shares) 237,967 237,739 237,604
Per common share amounts (basic and diluted)      
Net loss attributable to common shareholders - basic (in dollars per share) $ 0.73 $ (0.59) $ (0.37)
Net loss attributable to common shareholders - diluted (in dollars per share) $ 0.73 $ (0.59) $ (0.37)
Rental income      
Revenues:      
Revenue $ 408,589 $ 427,215 $ 606,558
Residents fees and services      
Revenues:      
Revenue $ 974,623 $ 1,204,811 $ 433,597