v3.26.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Rental income $ 362,723 $ 386,250 $ 1,069,359 $ 1,137,198
Income from loans and investments 12,165 5,524 22,866 14,243
Interest and other income 1,961 4,184 6,238 13,133
Total revenues 1,831,791 1,488,996 5,218,349 4,267,963
Expenses        
Interest 161,388 158,124 477,564 457,778
Depreciation and amortization 446,013 357,173 1,236,192 1,026,417
Property-level operating expenses 1,104,562 868,398 3,147,018 2,477,551
Third-party capital management expenses     5,333 4,969
General, administrative and professional fees 47,698 40,387 157,430 136,392
Loss on extinguishment of debt, net 14 119 546 119
Transaction, transition and restructuring costs 7,872 5,472 28,009 16,081
Other expense 9,821 13,370 23,975 20,621
Total expenses 1,779,162 1,444,560 5,076,067 4,139,928
Income before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 52,629 44,436 142,282 128,035
Loss from unconsolidated entities (5,464) 16,644 (20,626) 12,195
Gain on real estate dispositions 815 1,283 16,037 35,268
Income tax benefit 19,301 6,345 60,856 13,028
Net income 67,281 68,708 198,549 188,526
Net income attributable to noncontrolling interests 1,901 2,661 6,687 7,347
Net income attributable to common stockholders $ 65,380 $ 66,047 $ 191,862 $ 181,179
Basic:        
(Loss) income from continuing (in usd per share) $ 0.13 $ 0.15 $ 0.40 $ 0.42
Net (loss) income attributable to common stockholders (in usd per share) 0.13 0.14 0.39 0.40
Diluted:        
(Loss) income from continuing (in usd per share) 0.13 0.15 0.40 0.41
Net (loss) income attributable to common stockholders (in usd per share) $ 0.13 $ 0.14 $ 0.38 $ 0.40
NNN        
Revenues        
Rental income $ 129,484 $ 160,050 $ 377,411 $ 468,865
Expenses        
Property-level operating expenses 3,201 3,012 9,244 10,505
OM&R        
Revenues        
Rental income 233,239 226,200 691,948 668,333
Expenses        
Property-level operating expenses 80,529 79,136 238,611 230,094
Resident fees and services        
Revenues        
Resident fees and services 1,450,802 1,088,546 4,107,090 3,090,164
Senior housing        
Expenses        
Property-level operating expenses 1,020,832 786,250 2,899,163 2,236,952
Third-party capital management expenses        
Revenues        
Other revenues 4,140 4,492 12,796 13,225
Expenses        
Third-party capital management expenses $ 1,794 $ 1,517 $ 5,333 $ 4,969