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CONSOLIDATED STATEMENTS OF 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
Rental income:        
Triple-net leased $ 210,424 $ 201,028 $ 635,030 $ 571,591
Office 158,273 142,755 446,496 420,287
Total rental income 368,697 343,783 1,081,526 991,878
Resident fees and services 461,974 454,825 1,390,387 1,356,384
Office building and other services revenue 4,317 10,000 17,006 29,951
Income from loans and investments 31,566 18,924 78,098 66,192
Interest and other income 562 74 792 719
Total revenues 867,116 827,606 2,567,809 2,445,124
Expenses:        
Interest 105,063 97,135 312,001 263,422
Depreciation and amortization 208,387 226,332 666,735 657,262
Property-level operating expenses:        
Senior living 312,145 304,540 932,675 902,154
Office 48,972 43,305 136,619 129,152
Total property-level operating expenses 361,117 347,845 1,069,294 1,031,306
Office building services costs 974 6,416 6,277 19,098
General, administrative and professional fees 31,567 32,114 95,387 100,399
Loss on extinguishment of debt, net 383 15,331 3,165 14,897
Merger-related expenses and deal costs 16,217 62,145 25,073 105,023
Other 2,430 4,795 8,901 13,948
Total expenses 726,138 792,113 2,186,833 2,205,355
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 140,978 35,493 380,976 239,769
Income (loss) from unconsolidated entities 931 (955) 2,151 (1,197)
Income tax benefit 8,537 10,697 28,507 27,736
Income from continuing operations 150,446 45,235 411,634 266,308
Discontinued operations (118) (22,383) (755) 13,434
Gain on real estate dispositions (144) 265 31,779 14,420
Net income 150,184 23,117 442,658 294,162
Net income attributable to noncontrolling interest 732 265 1,064 1,047
Net income attributable to common stockholders $ 149,452 $ 22,852 $ 441,594 $ 293,115
Basic:        
Income from continuing operations attributable to common stockholders, including real estate dispositions (in usd per share) $ 0.43 $ 0.14 $ 1.29 $ 0.85
Discontinued operations (in usd per share) 0.00 (0.07) 0.00 0.04
Net income attributable to common stockholders (in usd per share) 0.43 0.07 1.29 0.89
Diluted:        
Income from continuing operations attributable to common stockholders, including real estate dispositions (in usd per share) 0.42 0.14 1.28 0.84
Discontinued operations (in usd per share) 0.00 (0.07) 0.00 0.04
Net income attributable to common stockholders (in usd per share) $ 0.42 $ 0.07 $ 1.28 $ 0.88
Weighted average shares used in computing earnings per common share:        
Basic (in shares) 350,274 332,491 341,610 329,440
Diluted (in shares) 354,186 336,338 345,352 333,210
Dividends declared per common share (in usd per share) $ 0.73 $ 0.73 $ 2.19 $ 2.31