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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Revenues $ 386,864 $ 370,776
Expenses:    
Property operating expenses 314,326 307,604
Depreciation and amortization 68,325 70,133
General and administrative 9,000 7,568
Acquisition and certain other transaction related costs 24 86
Impairment of assets 38,472 12,142
Total expenses 430,147 397,533
Gain (loss) on sale of properties 110,140 (5,874)
Gain on insurance recoveries 7,522 0
Interest and other income 2,099 2,237
Interest expense (including net amortization of debt discounts, premiums, issuance costs and interest rate cap of $26,087 and $24,863, respectively) (57,831) (57,576)
Loss on modification or early extinguishment of debt (29,071) 0
Loss before income taxes and equity in net earnings of investees (10,424) (87,970)
Income tax expense (49) (187)
Equity in net earnings of an investee 1,487 1,898
Net loss (8,986) (86,259)
Other comprehensive income (loss):    
Equity in unrealized gains (losses) of an investee 27 (4)
Unrealized loss on derivative (6) 0
Other comprehensive income (loss) 21 (4)
Comprehensive loss $ (8,965) $ (86,263)
Weighted average common shares outstanding (basic) (in shares) 239,957 239,193
Weighted average common shares outstanding (diluted) (in shares) 239,957 239,193
Per common share amounts (basic and diluted):    
Net loss - basic (in dollars per share) $ (0.04) $ (0.36)
Net loss - diluted (in dollars per share) $ (0.04) $ (0.36)
Affiliated Entity    
Expenses:    
Equity in net earnings of an investee $ 1,487 $ 1,898
Rental income    
Revenues:    
Revenues 58,558 62,650
Residents fees and services    
Revenues:    
Revenues $ 328,306 $ 308,126