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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues                      
Income from loans and investments                 $ 124,218 $ 117,608 $ 98,094
Interest and other income                 24,892 6,034 876
Rental income:                      
Total rental income                 1,513,807 1,593,598 1,476,176
Total revenues $ 923,263 $ 936,538 $ 942,304 $ 943,705 $ 895,288 $ 899,928 $ 895,490 $ 883,443 3,745,810 3,574,149 3,443,522
Expenses                      
Interest                 442,497 448,196 419,740
Depreciation and amortization                 919,639 887,948 898,924
Office building services costs                 1,418 3,391 7,311
General, administrative and professional fees                 151,982 135,490 126,875
Loss on extinguishment of debt, net                 58,254 754 2,779
Merger-related expenses and deal costs                 30,547 10,535 24,635
Other                 66,768 20,052 9,988
Property-level operating expenses:                      
Property-level operating expenses                 1,689,880 1,483,072 1,434,762
Total expenses                 3,360,985 2,989,438 2,925,014
Income before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests                 384,825 584,711 518,508
(Loss) income from unconsolidated entities                 (55,034) (561) 4,358
Gain on real estate dispositions                 46,247 717,273 98,203
Income tax benefit                 39,953 59,799 31,343
Income from continuing operations 63,302 103,281 169,300 80,108 393,820 615,210 152,991 199,201 415,991 1,361,222 652,412
Discontinued operations 0 0 0 (10) (15) (19) (23) (53) (10) (110) (922)
Net income 63,302 103,281 169,300 80,098 393,805 615,191 152,968 199,148 415,981 1,361,112 651,490
Net income attributable to noncontrolling interests 1,029 1,309 2,781 1,395 1,251 1,233 1,137 1,021 6,514 4,642 2,259
Net income attributable to common stockholders $ 62,273 $ 101,972 $ 166,519 $ 78,703 $ 392,554 $ 613,958 $ 151,831 $ 198,127 $ 409,467 $ 1,356,470 $ 649,231
Basic:                      
Income from continuing operations (USD per share) $ 0.18 $ 0.29 $ 0.48 $ 0.22 $ 1.11 $ 1.73 $ 0.43 $ 0.56 $ 1.17 $ 3.83 $ 1.89
Net income attributable to common stockholders (USD per share) 0.17 0.29 0.47 0.22 1.10 1.72 0.43 0.56 1.15 3.82 1.88
Diluted:                      
Income from continuing operations (USD per share) 0.18 0.29 0.47 0.22 1.10 1.71 0.43 0.56 1.16 3.80 1.87
Net income attributable to common stockholders (USD per share) $ 0.17 $ 0.28 $ 0.46 $ 0.22 $ 1.09 $ 1.71 $ 0.42 $ 0.55 $ 1.14 $ 3.78 $ 1.86
Weighted average shares used in computing earnings per common share:                      
Basic (in shares)                 356,265 355,326 344,703
Diluted (in shares)                 359,301 358,566 348,390
Triple Net Leased Properties                      
Rental income:                      
Total rental income                 $ 737,796 $ 840,131 $ 845,834
Office Operations                      
Rental income:                      
Total rental income                 776,011 753,467 630,342
Property-level operating expenses:                      
Property-level operating expenses                 243,679 233,007 191,784
Resident Fees and Services                      
Revenues                      
Revenue from contracts with customers                 2,069,477 1,843,232 1,847,306
Office Building and Other Services Revenue                      
Revenues                      
Revenue from contracts with customers                 13,416 13,677 21,070
Senior Living Operations                      
Property-level operating expenses:                      
Property-level operating expenses                 $ 1,446,201 $ 1,250,065 $ 1,242,978