v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Rental income $ 353,175 $ 377,432
Income from loans and investments 4,069 4,324
Interest and other income 2,499 3,078
Total revenues 1,656,944 1,358,074
Expenses    
Interest 156,142 149,356
Depreciation and amortization 382,468 321,525
Property-level operating expenses 1,001,534 783,884
General, administrative and professional fees 62,746 53,149
Loss on extinguishment of debt, net 449 0
Transaction, transition and restructuring costs 6,659 5,982
Other expense 9,700 1,412
Total expenses 1,621,531 1,317,133
Income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 35,413 40,941
Loss from unconsolidated entities (7,350) (3,311)
Gain on real estate dispositions 15,046 169
Income tax benefit 15,937 10,557
Net income 59,046 48,356
Net income attributable to noncontrolling interests 3,134 1,488
Net income attributable to common stockholders $ 55,912 $ 46,868
Basic:    
Net income from continuing (in usd per share) $ 0.12 $ 0.11
Net income attributable to common stockholders (in usd per share) 0.12 0.11
Diluted:    
Net income from continuing (in usd per share) 0.12 0.11
Net income attributable to common stockholders (in usd per share) $ 0.11 $ 0.10
NNN    
Revenues    
Rental income $ 123,071 $ 156,113
Expenses    
Property-level operating expenses 2,901 3,527
OM&R    
Revenues    
Rental income 230,104 221,319
Expenses    
Property-level operating expenses 80,301 75,957
Resident fees and services    
Revenues    
Resident fees and services 1,292,790 968,904
Senior housing    
Expenses    
Property-level operating expenses 918,332 704,400
Third-party capital management expenses    
Revenues    
Other revenues 4,411 4,336
Expenses    
Third-party capital management expenses $ 1,833 $ 1,825