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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Rental income $ 1,609,876 $ 1,513,807 $ 1,593,598
Income from loans and investments 89,201 124,218 117,608
Interest and other income 10,984 24,892 6,034
Total revenues 3,872,750 3,745,810 3,574,149
Expenses      
Interest 451,662 442,497 448,196
Depreciation and amortization 1,045,620 919,639 887,948
Property-level operating expenses:      
Property-level operating expenses 1,808,208 1,689,880 1,483,072
Office building services costs 2,319 1,418 3,391
General, administrative and professional fees 165,996 151,982 135,490
Loss on extinguishment of debt, net 41,900 58,254 754
Merger-related expenses and deal costs 15,235 30,547 10,535
Other (17,609) 66,768 20,052
Total expenses 3,513,331 3,360,985 2,989,438
Income before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 359,419 384,825 584,711
Loss from unconsolidated entities (2,454) (55,034) (561)
Gain on real estate dispositions 26,022 46,247 717,273
Income tax benefit 56,310 39,953 59,799
Income from continuing operations 439,297 415,991 1,361,222
Discontinued operations 0 (10) (110)
Net income 439,297 415,981 1,361,112
Net income attributable to noncontrolling interests 6,281 6,514 4,642
Net income attributable to common stockholders $ 433,016 $ 409,467 $ 1,356,470
Basic:      
Income from continuing operations (USD per share) $ 1.20 $ 1.17 $ 3.83
Net income attributable to common stockholders (USD per share) 1.18 1.15 3.82
Diluted:      
Income from continuing operations (USD per share) 1.19 1.16 3.80
Net income attributable to common stockholders (USD per share) $ 1.17 $ 1.14 $ 3.78
Triple Net Leased Properties      
Revenues      
Rental income $ 780,898 $ 737,796 $ 840,131
Property-level operating expenses:      
Property-level operating expenses 26,561 0 0
Office Operations      
Revenues      
Rental income 828,978 776,011 753,467
Property-level operating expenses:      
Property-level operating expenses 260,249 243,679 233,007
Resident Fees and Services      
Revenues      
Revenue from contracts with customers 2,151,533 2,069,477 1,843,232
Office Building and Other Services Revenue      
Revenues      
Revenue from contracts with customers 11,156 13,416 13,677
Senior Living Operations      
Property-level operating expenses:      
Property-level operating expenses $ 1,521,398 $ 1,446,201 $ 1,250,065