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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Revenues $ 346,219 $ 313,028 $ 692,249 $ 623,761
Expenses:        
Property operating expenses 286,228 266,066 572,308 534,808
Depreciation and amortization 68,394 58,261 133,194 115,520
General and administrative 7,284 7,207 13,157 14,492
Acquisition and certain other transaction related costs 6,043 609 6,136 1,537
Impairment of assets 11,299 0 17,224 0
Total expenses 379,248 332,143 742,019 666,357
(Loss) gain on sale of properties 0 (686) 1,233 327,108
Gains and losses on equity securities, net 0 (10,157) 8,126 (18,710)
Interest and other income 5,134 2,266 9,329 2,661
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $2,249, $2,318, $4,323 and $4,790, respectively) (47,384) (55,975) (95,164) (113,106)
Loss on modification or early extinguishment of debt 0 (29,560) (1,075) (30,043)
(Loss) income before income tax (expense) benefit and equity in net earnings of investees (75,279) (113,227) (127,321) 125,314
Income tax (expense) benefit (221) 640 (190) (832)
Equity in net earnings of investees 2,929 3,204 2,282 6,558
Net (loss) income $ (72,571) $ (109,383) $ (125,229) $ 131,040
Weighted average common shares outstanding (basic) (in shares) 238,682 238,197 238,636 238,173
Weighted average common shares outstanding (diluted) (in shares) 238,682 238,197 238,636 238,173
Per common share amounts (basic and diluted):        
Net (loss) income - basic (in dollars per share) $ (0.30) $ (0.46) $ (0.52) $ 0.55
Net (loss) income - diluted (in dollars per share) $ (0.30) $ (0.46) $ (0.52) $ 0.55
Affiliated Entity        
Expenses:        
Equity in net earnings of investees $ 2,929 $ 3,204 $ 2,282 $ 6,558
Rental income        
Revenues:        
Revenues 61,373 62,522 127,811 127,807
Residents fees and services        
Revenues:        
Revenues $ 284,846 $ 250,506 $ 564,438 $ 495,954