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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 1,040,155 $ 1,117,164 $ 1,074,729
Expenses:      
Property operating expenses 489,070 451,581 413,492
Depreciation and amortization 289,025 286,235 276,861
General and administrative 37,028 85,885 103,694
Acquisition and certain other transaction related costs 13,102 194 403
Impairment of assets 115,201 66,346 5,082
Total expenses 943,426 890,241 799,532
Gain on sale of properties 39,696 261,916 46,055
Dividend income 1,846 2,901 2,637
Gains and losses on equity securities, net (41,898) (20,724) 0
Interest and other income 941 667 406
Interest expense (including net amortization of debt premiums, discounts and issuance costs of $6,032, $6,221 and $5,282, respectively) (180,112) (179,287) (165,019)
Loss on early extinguishment of debt (44) (22) (7,627)
(Loss) income from continuing operations before income tax expense and equity in earnings of an investee (82,842) 292,374 151,649
Income tax expense (436) (476) (454)
Equity in earnings of an investee 400 516 608
Net income (loss) (82,878) 292,414 151,803
Net income attributable to noncontrolling interest (5,356) (5,542) (4,193)
Net (loss) income attributable to common shareholders (88,234) 286,872 147,610
Other comprehensive income (loss):      
Unrealized gain on investments in equity securities, net 0 0 47,138
Amounts reclassified from cumulative other comprehensive income to net income 175 0 5,082
Equity in unrealized gain (loss) of an investee 91 (68) 462
Other comprehensive income (loss) 266 (68) 52,682
Comprehensive (loss) income (82,612) 292,346 204,485
Comprehensive income attributable to noncontrolling interest (5,356) (5,542) (4,193)
Comprehensive (loss) income attributable to common shareholders $ (87,968) $ 286,804 $ 200,292
Weighted average shares used in computing earnings per common share:      
Weighted average common shares outstanding (basic) (in shares) 237,604 237,511 237,420
Weighted average common shares outstanding (diluted) (in shares) 237,604 237,546 237,452
Per common share amounts (basic and diluted)      
Net (loss) income attributable to common shareholders (in dollars per share) $ (0.37) $ 1.21 $ 0.62
Rental income      
Revenues:      
Total revenues $ 606,558 $ 700,641 $ 681,022
Residents fees and services      
Revenues:      
Total revenues $ 433,597 $ 416,523 $ 393,707