v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Rental income $ 353,461 $ 373,516 $ 706,636 $ 750,948
Income from loans and investments 6,632 4,395 10,701 8,719
Interest and other income 1,778 5,871 4,277 8,949
Total revenues 1,729,614 1,420,893 3,386,558 2,778,967
Expenses        
Interest 160,034 150,298 316,176 299,654
Depreciation and amortization 407,711 347,719 790,179 669,244
Property-level operating expenses 1,040,922 825,269 2,042,456 1,609,153
Third-party capital management expenses     3,539 3,452
General, administrative and professional fees 46,986 42,856 109,732 96,005
Loss on extinguishment of debt, net 83 0 532 0
Transaction, transition and restructuring costs 13,478 4,627 20,137 10,609
Other expense 4,454 5,839 14,154 7,251
Total expenses 1,675,374 1,378,235 3,296,905 2,695,368
Income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 54,240 42,658 89,653 83,599
Loss from unconsolidated entities (7,812) (1,138) (15,162) (4,449)
Gain on real estate dispositions 176 33,816 15,222 33,985
Income tax benefit 25,618 (3,874) 41,555 6,683
Net income 72,222 71,462 131,268 119,818
Net income attributable to noncontrolling interests 1,652 3,198 4,786 4,686
Net income attributable to common stockholders $ 70,570 $ 68,264 $ 126,482 $ 115,132
Basic:        
(Loss) income from continuing (in usd per share) $ 0.15 $ 0.16 $ 0.27 $ 0.27
Net (loss) income attributable to common stockholders (in usd per share) 0.14 0.15 0.26 0.26
Diluted:        
(Loss) income from continuing (in usd per share) 0.15 0.16 0.27 0.26
Net (loss) income attributable to common stockholders (in usd per share) $ 0.14 $ 0.15 $ 0.26 $ 0.25
NNN        
Revenues        
Rental income $ 124,856 $ 152,702 $ 247,927 $ 308,815
Expenses        
Property-level operating expenses 3,142 3,966 6,043 7,493
OM&R        
Revenues        
Rental income 228,605 220,814 458,709 442,133
Expenses        
Property-level operating expenses 77,781 75,001 158,082 150,958
Resident fees and services        
Revenues        
Resident fees and services 1,363,498 1,032,714 2,656,288 2,001,618
Senior housing        
Expenses        
Property-level operating expenses 959,999 746,302 1,878,331 1,450,702
Third-party capital management expenses        
Revenues        
Other revenues 4,245 4,397 8,656 8,733
Expenses        
Third-party capital management expenses $ 1,706 $ 1,627 $ 3,539 $ 3,452