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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Revenues $ 322,920 $ 337,416 $ 946,681 $ 1,046,481
Expenses:        
Property operating expenses 289,096 266,073 823,904 818,096
Depreciation and amortization 60,407 68,702 175,927 202,743
General and administrative 6,179 8,870 20,671 25,538
Acquisition and certain other transaction related costs 289 3,108 1,826 15,179
Impairment of assets 0 0 0 (174)
Total expenses 355,971 346,753 1,022,328 1,061,382
(Loss) gain on sale of properties (5,044) 200 322,064 30,838
Losses on equity securities, net (2,674) (14,755) (21,384) (26,943)
Interest and other income 4,099 976 6,760 19,849
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $1,908, $3,948, $6,698 and $9,777, respectively) (46,936) (64,493) (160,042) (192,241)
Loss on modification or early extinguishment of debt 0 0 (30,043) (2,410)
(Loss) income from continuing operations before income tax expense and equity in earnings of investees (83,606) (87,409) 41,708 (185,808)
Income tax expense (13) (595) (845) (1,024)
Equity in earnings of investees 2,127   8,685 0
Net (loss) income (81,492) (88,004) 49,548 (186,832)
Net income attributable to noncontrolling interest 0 (1,339) 0 (4,238)
Net (loss) income attributable to common shareholders $ (81,492) $ (89,343) $ 49,548 $ (191,070)
Weighted average common shares outstanding (basic) (in shares) 238,344 238,008 238,231 237,905
Weighted average common shares outstanding (diluted) (in shares) 238,344 238,008 238,231 237,905
Per common share amounts (basic and diluted):        
Net (loss) income attributable to common shareholders - basic (in dollars per share) $ (0.34) $ (0.38) $ 0.21 $ (0.80)
Net (loss) income attributable to common shareholders - diluted (in dollars per share) $ (0.34) $ (0.38) $ 0.21 $ (0.80)
Affiliated Entity        
Expenses:        
Equity in earnings of investees $ 2,127 $ 0 $ 8,685 $ 0
Rental income        
Revenues:        
Revenues 63,960 101,403 191,767 306,555
Residents fees and services        
Revenues:        
Revenues $ 258,960 $ 236,013 $ 754,914 $ 739,926