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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Revenues $ 356,524 $ 322,920 $ 1,048,773 $ 946,681
Expenses:        
Property operating expenses 298,432 289,096 870,740 823,904
Depreciation and amortization 67,236 60,407 200,430 175,927
General and administrative 6,954 6,179 20,111 20,671
Acquisition and certain other transaction related costs 3,676 289 9,812 1,826
Impairment of assets 1,156 0 18,380 0
Total expenses 377,454 355,971 1,119,473 1,022,328
(Loss) gain on sale of properties 0 (5,044) 1,233 322,064
Gains and losses on equity securities, net 0 (2,674) 8,126 (21,384)
Interest and other income 3,243 4,099 12,572 6,760
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $2,293, $1,908, $6,616 and $6,698, respectively) (47,758) (46,936) (142,922) (160,042)
Loss on modification or early extinguishment of debt 0 0 (1,075) (30,043)
(Loss) income before income tax expense and equity in net (losses) earnings of investees (65,445) (83,606) (192,766) 41,708
Income tax expense (189) (13) (379) (845)
Equity in net (losses) earnings of investees (145) 2,127 2,137 8,685
Net (loss) income $ (65,779) $ (81,492) $ (191,008) $ 49,548
Weighted average common shares outstanding (basic) (in shares) 238,892 238,344 238,722 238,231
Weighted average common shares outstanding (diluted) (in shares) 238,892 238,344 238,722 238,231
Per common share amounts (basic and diluted):        
Net (loss) income - basic (in dollars per share) $ (0.28) $ (0.34) $ (0.80) $ 0.21
Net (loss) income - diluted (in dollars per share) $ (0.28) $ (0.34) $ (0.80) $ 0.21
Affiliated Entity        
Expenses:        
Equity in net (losses) earnings of investees $ (145) $ 2,127 $ 2,137 $ 8,685
Rental income        
Revenues:        
Revenues 63,390 63,960 191,201 191,767
Residents fees and services        
Revenues:        
Revenues $ 293,134 $ 258,960 $ 857,572 $ 754,914