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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Rental income:        
Triple-net leased $ 201,028 $ 170,873 $ 571,591 $ 500,047
Medical office buildings 142,755 116,686 420,287 346,942
Total rental income 343,783 287,559 991,878 846,989
Resident fees and services 454,825 396,247 1,356,384 1,141,781
Medical office building and other services revenue 10,000 7,573 29,951 18,240
Income from loans and investments 18,924 13,186 66,192 36,902
Interest and other income 74 367 719 811
Total revenues 827,606 704,932 2,445,124 2,044,723
Expenses:        
Interest 97,135 77,325 263,422 214,117
Depreciation and amortization 226,332 173,006 657,262 507,167
Property-level operating expenses:        
Senior living 304,540 265,274 902,154 762,993
Medical office buildings 43,305 41,262 129,152 120,021
Total property-level operating expenses 347,845 306,536 1,031,306 883,014
Medical office building services costs 6,416 4,568 19,098 9,565
General, administrative and professional fees 32,114 29,464 100,399 93,632
Loss on extinguishment of debt, net 15,331 2,414 14,897 5,079
Merger-related expenses and deal costs 62,145 16,188 105,023 35,944
Other 4,795 9,413 13,948 18,070
Total expenses 792,113 618,914 2,205,355 1,766,588
Income before (loss) income from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 35,493 86,018 239,769 278,135
(Loss) income from unconsolidated entities (955) (47) (1,197) 549
Income tax benefit (expense) 10,697 1,887 27,736 (4,820)
Income from continuing operations 45,235 87,858 266,308 273,864
Discontinued operations (22,383) 18,171 13,434 79,026
Gain on real estate dispositions 265 3,625 14,420 16,514
Net income 23,117 109,654 294,162 369,404
Net income attributable to noncontrolling interest 265 522 1,047 827
Comprehensive income attributable to noncontrolling interest 265 522 1,047 827
Net income attributable to common stockholders $ 22,852 $ 109,132 $ 293,115 $ 368,577
Basic:        
Income from continuing operations attributable to common stockholders, including real estate dispositions (in usd per share) $ 0.14 $ 0.31 $ 0.85 $ 0.98
Discontinued operations (in usd per share) (0.07) 0.06 0.04 0.27
Net income attributable to common stockholders (in usd per share) 0.07 0.37 0.89 1.25
Diluted:        
Income from continuing operations attributable to common stockholders, including real estate dispositions (in usd per share) 0.14 0.31 0.84 0.97
Discontinued operations (in usd per share) (0.07) 0.06 0.04 0.27
Net income attributable to common stockholders (in usd per share) $ 0.07 $ 0.37 $ 0.88 $ 1.24
Weighted average shares used in computing earnings per common share:        
Basic (in shares) 332,491 294,030 329,440 293,965
Diluted (in shares) 336,338 296,495 333,210 296,411
Dividends declared per common share (in usd per share) $ 0.73 $ 0.725 $ 2.31 $ 2.175