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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Rental income $ 166,443 $ 161,421
Residents fees and services 98,118 96,954
Total revenues 264,561 258,375
Expenses:    
Property operating expenses 101,057 97,949
Depreciation and amortization 73,175 71,223
General and administrative 15,083 10,863
Acquisition and certain other transaction related costs 292 439
Impairment of assets 0 7,390
Total expenses 189,607 187,864
Operating income 74,954 70,511
Dividend income 659 0
Interest and other income 120 64
Interest expense (43,488) (39,280)
Loss on early extinguishment of debt 0 (6)
Income from continuing operations before income tax expense and equity in earnings of an investee 32,245 31,289
Income tax expense (92) (94)
Equity in earnings of an investee 128 77
Net income 32,281 31,272
Net income attributable to noncontrolling interest (126) 0
Net income attributable to common shareholders 32,155 31,272
Other comprehensive income:    
Unrealized gain on investments in available for sale securities 24,045 24,187
Equity in unrealized gain of an investee 122 52
Other comprehensive income 24,167 24,239
Comprehensive income 56,448 55,511
Comprehensive income attributable to noncontrolling interest (126) 0
Comprehensive income attributable to common shareholders $ 56,322 $ 55,511
Weighted average common shares outstanding (basic) (in shares) 237,391 237,315
Weighted average common shares outstanding (diluted) (in shares) 237,416 237,329
Per common share amounts (basic and diluted):    
Net income (in dollars per share) $ 0.14 $ 0.13