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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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Revenues $ 371,392 $ 346,219 $ 742,168 $ 692,249
Expenses:        
Property operating expenses 304,065 286,228 611,669 572,308
Depreciation and amortization 68,357 68,394 138,490 133,194
General and administrative 6,262 7,284 13,830 13,157
Acquisition and certain other transaction related costs 1,826 6,043 1,912 6,136
Impairment of assets 6,545 11,299 18,687 17,224
Total expenses 387,055 379,248 784,588 742,019
(Loss) gain on sale of properties (13,213) 0 (19,087) 1,233
Gains and losses on equity securities, net 0 0 0 8,126
Interest and other income 2,403 5,134 4,640 9,329
Interest expense (including net amortization of debt discounts, premiums and issuance costs of $25,591, $2,249, $50,454 and $4,323, respectively) (58,702) (47,384) (116,278) (95,164)
Loss on modification or early extinguishment of debt (209) 0 (209) (1,075)
Loss before income tax (expense) benefit and equity in net (losses) earnings of investees (85,384) (75,279) (173,354) (127,321)
Income tax expense (170) (221) (357) (190)
Equity in net (losses) earnings of investees (12,307) 2,929 (10,409) 2,282
Net loss (97,861) (72,571) (184,120) (125,229)
Other comprehensive loss:        
Equity in unrealized losses of an investee (22) 0 (26) 0
Other comprehensive loss (22) 0 (26) 0
Comprehensive loss $ (97,883) $ (72,571) $ (184,146) $ (125,229)
Weighted average common shares outstanding (basic) (in shares) 239,326 238,682 239,259 238,636
Weighted average common shares outstanding (diluted) (in shares) 239,326 238,682 239,259 238,636
Per common share amounts (basic and diluted):        
Net income (loss) - basic (in dollars per share) $ (0.41) $ (0.30) $ (0.77) $ (0.52)
Net income (loss) - diluted (in dollars per share) $ (0.41) $ (0.30) $ (0.77) $ (0.52)
Affiliated Entity        
Expenses:        
Equity in net (losses) earnings of investees $ (12,307) $ 2,929 $ (10,409) $ 2,282
Rental income        
Revenues:        
Revenues 62,870 61,373 125,520 127,811
Residents fees and services        
Revenues:        
Revenues $ 308,522 $ 284,846 $ 616,648 $ 564,438