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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Rental income $ 408,322 $ 384,028 $ 1,208,388 $ 1,129,099
Income from loans and investments 30,164 18,108 66,819 105,706
Interest and other income 620 12,554 10,109 24,535
Total revenues 983,155 936,538 2,876,746 2,822,547
Interest 113,967 107,581 334,955 331,973
Depreciation and amortization 234,603 218,579 696,710 675,363
Property-level operating expenses 461,493 428,389 1,327,898 1,262,715
Office building services costs 627 431 1,775 1,080
General, administrative and professional fees 40,530 39,677 124,369 113,507
Loss on extinguishment of debt, net 37,434 39,527 41,861 50,411
Merger-related expenses and deal costs 4,304 4,458 11,084 26,288
Other 2,164 1,244 (9,294) 7,891
Total expenses 895,122 839,886 2,529,358 2,469,228
Income before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 88,033 96,652 347,388 353,319
Income (loss) from unconsolidated entities 854 (716) (2,621) (47,826)
Gain on real estate dispositions 36 18 24,633 35,893
Income tax (expense) benefit (2,005) 7,327 57,004 11,303
Income from continuing operations 86,918 103,281 426,404 352,689
Discontinued operations 0 0 0 (10)
Net income 86,918 103,281 426,404 352,679
Net income attributable to noncontrolling interests 1,659 1,309 4,831 5,485
Net income attributable to common stockholders $ 85,259 $ 101,972 $ 421,573 $ 347,194
Income from continuing operations (in usd per share) $ 0.23 $ 0.29 $ 1.17 $ 0.99
Net income attributable to common stockholders (in usd per share) 0.23 0.29 1.16 0.97
Income from continuing operations (in usd per share) 0.23 0.29 1.16 0.98
Net income attributable to common stockholders (in usd per share) $ 0.23 $ 0.28 $ 1.15 $ 0.97
Triple-Net Leased Properties        
Rental income $ 193,383 $ 190,117 $ 589,833 $ 548,628
Property-level operating expenses 6,338 0 20,092 0
Office Operations        
Rental income 214,939 193,911 618,555 580,471
Property-level operating expenses 67,144 61,668 191,972 182,662
Resident Fees and Services        
Other revenues 541,090 518,560 1,583,262 1,552,302
Office Building and Other Services Revenue        
Other revenues 2,959 3,288 8,168 10,905
Senior Living Operations        
Property-level operating expenses $ 388,011 $ 366,721 $ 1,115,834 $ 1,080,053