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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, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total residents fees and services $ 388,706 $ 373,640 $ 1,158,282 $ 1,115,808
Expenses:        
Property operating expenses 325,387 309,697 952,293 921,366
Depreciation and amortization 65,324 68,959 199,915 207,449
General and administrative 12,789 13,933 32,966 27,763
Acquisition and certain other transaction related costs 1,158 331 1,257 2,243
Impairment of assets 93,243 23,031 162,708 41,718
Total expenses 497,901 415,951 1,349,139 1,200,539
Gain (loss) on sale of properties 1,260 111 103,971 (18,976)
Gain on insurance recoveries 0 0 7,522 0
Interest income and other expenses (774) 2,575 4,307 7,215
Interest expense (including net amortization of debt discounts, premiums and issuance costs of $20,121, $26,188, $66,094 and $76,642, respectively) (48,886) (59,443) (157,643) (175,721)
Loss on modification or early extinguishment of debt (11,191) 0 (40,388) (209)
Loss before income taxes and equity in net earnings (losses) of investees (168,786) (99,068) (273,088) (272,422)
Income tax expense (337) (148) (1,229) (505)
Equity in net earnings (losses) of investees     9,652 (9,882)
Net loss (164,040) (98,689) (264,665) (282,809)
Other comprehensive income:        
Equity in unrealized gains of an investee 7 34 59 8
Unrealized loss on derivative (6) 0 (23) 0
Other comprehensive income 1 34 36 8
Comprehensive loss $ (164,039) $ (98,655) $ (264,629) $ (282,801)
Weighted average common shares outstanding (basic) (in shares) 240,385 239,667 240,160 239,396
Weighted average common shares outstanding (diluted) (in shares) 240,385 239,667 240,160 239,396
Per common share amounts (basic and diluted):        
Net loss - basic (in dollars per share) $ (0.68) $ (0.41) $ (1.10) $ (1.18)
Net loss - diluted (in dollars per share) $ (0.68) $ (0.41) $ (1.10) $ (1.18)
Affiliated Entity        
Expenses:        
Equity in net earnings (losses) of investees $ 5,083 $ 527 $ 9,652 $ (9,882)
Rental income        
Revenues:        
Total residents fees and services 55,316 61,635 169,041 187,155
Residents fees and services        
Revenues:        
Total residents fees and services $ 333,390 $ 312,005 $ 989,241 $ 928,653