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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Rental income $ 384,028 $ 401,876 $ 1,129,099 $ 1,196,596
Income from loans and investments 18,108 32,985 105,706 85,499
Interest and other income 12,554 171 24,535 854
Total revenues 936,538 899,928 2,822,547 2,678,861
Interest 107,581 113,869 331,973 336,245
Depreciation and amortization 218,579 213,407 675,363 655,298
Property-level operating expenses 428,389 376,207 1,262,715 1,111,024
Office building services costs 431 418 1,080 1,708
General, administrative and professional fees 39,677 33,317 113,507 100,560
Loss on extinguishment of debt, net 39,527 511 50,411 856
Merger-related expenses and deal costs 4,458 804 26,288 8,903
Other 1,244 13,030 7,891 16,066
Total expenses 839,886 751,563 2,469,228 2,230,660
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests 96,652 148,365 353,319 448,201
(Loss) income from unconsolidated entities (716) 750 (47,826) 3,794
Income tax benefit 7,327 7,815 11,303 13,119
Income from continuing operations 103,263 156,930 316,796 465,114
Discontinued operations 0 (19) (10) (95)
Gain on real estate dispositions 18 458,280 35,893 502,288
Net income 103,281 615,191 352,679 967,307
Net income attributable to noncontrolling interests 1,309 1,233 5,485 3,391
Net income attributable to common stockholders $ 101,972 $ 613,958 $ 347,194 $ 963,916
Income from continuing operations (in usd per share) $ 0.29 $ 0.44 $ 0.89 $ 1.31
Net income attributable to common stockholders (in usd per share) 0.29 1.72 0.97 2.71
Income from continuing operations (in usd per share) 0.29 0.44 0.88 1.30
Net income attributable to common stockholders (in usd per share) $ 0.28 $ 1.71 $ 0.97 $ 2.69
Denominator for basic earnings per share—weighted average shares (in shares) 356,318 355,929 356,224 355,110
Denominator for diluted earnings per share—adjusted weighted average shares (in shares) 359,355 359,333 359,068 358,365
Dividends declared per common share $ 0.79 $ 0.775 $ 2.37 $ 2.325
Triple-Net Leased Properties        
Rental income $ 190,117 $ 212,370 $ 548,628 $ 634,955
Office Operations        
Rental income 193,911 189,506 580,471 561,641
Property-level operating expenses 61,668 60,609 182,662 174,728
Resident Fees and Services        
Other revenues 518,560 461,700 1,552,302 1,386,131
Office Building and Other Services Revenue        
Other revenues 3,288 3,196 10,905 9,781
Senior Living Operations        
Property-level operating expenses $ 366,721 $ 315,598 $ 1,080,053 $ 936,296