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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental income $ 165,503 $ 158,863 $ 490,922 $ 460,193
Residents fees and services 98,480 96,412 292,803 271,061
Total revenues 263,983 255,275 783,725 731,254
Expenses:        
Property operating expenses 103,347 96,927 298,776 276,313
Depreciation and amortization 72,344 70,016 214,938 186,234
General and administrative 12,107 10,316 34,931 32,563
Acquisition and certain other transaction related costs 824 742 1,443 6,517
Impairment of assets 4,578 (98) 16,930 (98)
Total expenses 193,200 177,903 567,018 501,529
Operating income 70,783 77,372 216,707 229,725
Dividend income 659 0 1,449 0
Interest and other income 89 57 330 274
Interest expense (43,438) (38,989) (123,837) (112,838)
Loss on early extinguishment of debt (84) (21) (90) (1,469)
Income from continuing operations before income tax expense and equity in earnings (losses) of an investee 28,009 38,419 94,559 115,692
Income tax expense (119) (146) (318) (385)
Equity in earnings (losses) of an investee 13 (24) 107 70
Income from continuing operations 27,903 38,249 94,348 115,377
Discontinued operations:        
Loss from discontinued operations 0 0 0 (350)
Impairment of assets from discontinued operations 0 0 0 (602)
Income before gain on sale of properties 27,903 38,249 94,348 114,425
Gain on sale of properties 0 0 4,061 0
Net income 27,903 38,249 98,409 114,425
Other comprehensive income:        
Unrealized gain (loss) on investments in available for sale securities 16,562 (7,242) 56,680 (4,407)
Equity in unrealized gain (loss) of an investee 80 (72) 175 (91)
Other comprehensive income 16,642 (7,314) 56,855 (4,498)
Comprehensive income $ 44,545 $ 30,935 $ 155,264 $ 109,927
Weighted average common shares outstanding (basic) (in shares) 237,347 237,263 237,329 231,454
Weighted average common shares outstanding (diluted) (in shares) 237,396 237,293 237,369 231,486
Per common share amounts (basic and diluted):        
Income from continuing operations (in dollars per share) $ 0.12 $ 0.16 $ 0.41 $ 0.50
Loss from discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Net income (in dollars per share) $ 0.12 $ 0.16 $ 0.41 $ 0.49