v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Resident fees and services $ 634,519,000 $ 501,285,000 $ 1,244,286,000 $ 998,461,000
Real estate revenue 39,731,000 41,218,000 80,738,000 84,645,000
Total revenues 674,250,000 542,503,000 1,325,024,000 1,083,106,000
Expenses:        
Property operating expenses 524,838,000 426,285,000 1,037,009,000 858,708,000
Rental expenses 12,173,000 12,990,000 25,273,000 26,633,000
General and administrative 19,891,000 14,943,000 37,496,000 28,098,000
Transaction, transition and restructuring costs 2,786,000 (79,000) 4,757,000 1,758,000
Depreciation and amortization 72,125,000 41,941,000 139,187,000 83,055,000
Total expenses 631,813,000 496,080,000 1,243,722,000 998,252,000
Other income (expense):        
Interest expense, net (18,626,000) (22,632,000) (37,422,000) (45,577,000)
Gain (loss) in fair value of derivative financial instruments 357,000 (629,000) 1,884,000 (1,379,000)
Gain (loss) on dispositions of real estate investments, net 5,647,000 (2,676,000) 5,647,000 (3,035,000)
Impairment of real estate investments (1,719,000) (12,659,000) (2,137,000) (34,365,000)
Income (loss) from unconsolidated entities 892,000 (1,238,000) 1,684,000 (3,086,000)
Foreign currency gain (loss) 75,000 2,742,000 (744,000) 4,158,000
Other income, net 1,914,000 1,480,000 4,249,000 3,005,000
Total net other expense (11,460,000) (35,612,000) (26,839,000) (80,279,000)
Income before income taxes 30,977,000 10,811,000 54,463,000 4,575,000
Income tax benefit (expense) 3,000 (732,000) 528,000 (1,336,000)
Net income 30,980,000 10,079,000 54,991,000 3,239,000
Net income attributable to noncontrolling interests (374,000) (171,000) (672,000) (135,000)
Net income attributable to controlling interest $ 30,606,000 $ 9,908,000 $ 54,319,000 $ 3,104,000
Net income per common share attributable to controlling interest - Basic $ 0.16 $ 0.06 $ 0.29 $ 0.02
Net income per common share attributable to controlling interest - Diluted $ 0.16 $ 0.06 $ 0.28 $ 0.02
Weighted average number of common shares outstanding - Basic 192,711,623 160,499,581 190,030,463 158,721,080
Weighted average number of common shares outstanding - Diluted 193,347,757 161,143,556 190,708,621 159,318,503
Other comprehensive income (loss):        
Foreign currency translation adjustments $ 11,000 $ 343,000 $ (109,000) $ 519,000
Total other comprehensive income (loss) 11,000 343,000 (109,000) 519,000
Comprehensive income 30,991,000 10,422,000 54,882,000 3,758,000
Comprehensive income attributable to noncontrolling interests (374,000) (171,000) (672,000) (135,000)
Comprehensive income attributable to controlling interest $ 30,617,000 $ 10,251,000 $ 54,210,000 $ 3,623,000