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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenues $ 313,028 $ 346,341 $ 623,761 $ 709,065
Expenses:        
Property operating expenses 266,066 264,632 534,808 552,023
Depreciation and amortization 58,261 67,888 115,520 134,041
General and administrative 7,207 9,126 14,492 16,668
Acquisition and certain other transaction related costs 609 12,071 1,537 12,071
Impairment of assets 0 0 0 (174)
Total expenses 332,143 353,717 666,357 714,629
(Loss) gain on sale of properties (686) 30,760 327,108 30,638
Losses on equity securities, net (10,157) (3,849) (18,710) (12,188)
Interest and other income 2,266 16,038 2,661 18,873
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $2,318, $3,017, $4,790 and $5,829, respectively) (55,975) (67,657) (113,106) (127,748)
Loss on modification or early extinguishment of debt (29,560) (370) (30,043) (2,410)
(Loss) income from continuing operations before income tax benefit (expense) and equity in earnings of investees (113,227) (32,454) 125,314 (98,399)
Income Tax Expense (Benefit) 640 (191) (832) (429)
Equity in earnings of investees 3,204   6,558 0
Net (loss) income (109,383) (32,645) 131,040 (98,828)
Net income attributable to noncontrolling interest 0 (1,577) 0 (2,899)
Net (loss) income attributable to common shareholders $ (109,383) $ (34,222) $ 131,040 $ (101,727)
Weighted average common shares outstanding (basic) (in shares) 238,197 237,871 238,173 237,853
Weighted average common shares outstanding (diluted) (in shares) 238,197 237,871 238,173 237,853
Per common share amounts (basic and diluted):        
Net (loss) income attributable to common shareholders - basic (in dollars per share) $ (0.46) $ (0.14) $ 0.55 $ (0.43)
Net (loss) income attributable to common shareholders - diluted (in dollars per share) $ (0.46) $ (0.14) $ 0.55 $ (0.43)
Affiliated Entity        
Expenses:        
Equity in earnings of investees $ 3,204 $ 0 $ 6,558 $ 0
Rental income        
Revenues:        
Revenues 62,522 102,394 127,807 205,152
Residents fees and services        
Revenues:        
Revenues $ 250,506 $ 243,947 $ 495,954 $ 503,913