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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Revenues $ 370,776 $ 346,030
Expenses:    
Property operating expenses 307,604 286,080
Depreciation and amortization 70,133 64,800
General and administrative 7,568 5,873
Acquisition and certain other transaction related costs 86 93
Impairment of assets 12,142 5,925
Total expenses 397,533 362,771
(Loss) gain on sale of properties (5,874) 1,233
Gains and losses on equity securities, net 0 8,126
Interest and other income 2,237 4,195
Interest expense (including net amortization of debt discounts, premiums and issuance costs of $24,863 and $2,074, respectively) (57,576) (47,780)
Loss on modification or early extinguishment of debt 0 (1,075)
Loss before income tax (expense) benefit and equity in net earnings (losses) of investees (87,970) (52,042)
Income tax (expense) benefit (187) 31
Equity in net earnings (losses) of investees 1,898 (647)
Net loss (86,259) (52,658)
Other comprehensive loss:    
Equity in unrealized losses of an investee (4) 0
Other comprehensive loss (4) 0
Comprehensive loss $ (86,263) $ (52,658)
Weighted average common shares outstanding (basic) (in shares) 239,193 238,589
Weighted average common shares outstanding (diluted) (in shares) 239,193 238,589
Per common share amounts (basic and diluted):    
Net loss - basic (in dollars per share) $ (0.36) $ (0.22)
Net loss - diluted (in dollars per share) $ (0.36) $ (0.22)
Affiliated Entity    
Expenses:    
Equity in net earnings (losses) of investees $ 1,898 $ (647)
Rental income    
Revenues:    
Revenues 62,650 66,438
Residents fees and services    
Revenues:    
Revenues $ 308,126 $ 279,592