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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Rental income $ 890,147 $ 536,272 $ 453,022
Resident fees and services 456,085 51,006 0
Interest income 41,070 40,855 40,885
Other income 11,295 7,245 7,788
Total revenues 1,398,597 635,378 501,695
Expenses:      
Interest expense 313,954 146,811 92,590
Property operating expenses 379,476 79,294 42,501
Depreciation and amortization 412,531 181,048 134,771
General and administrative 77,201 54,626 49,691
Transaction costs 70,224 46,660 0
Realized loss of derivatives 0 0 0
Loss (gain) on extinguishment of debt (979) 34,171 25,107
Provision for loan losses 2,010 29,684 23,261
Total expenses 1,254,417 572,294 367,921
Income from continuing operations before income taxes and income from unconsolidated entities 144,180 63,084 133,774
Income tax (expense) benefit (1,388) (364) (168)
Income from unconsolidated entities 5,772 6,673 0
Income from continuing operations 148,564 69,393 133,606
Discontinued operations:      
Gain (loss) on sales of properties 61,160 36,115 43,394
Impairment of assets (12,194) (947) (25,223)
Income (loss) from discontinued operations, net 15,186 24,323 41,150
Discontinued operations, net 64,152 59,491 59,321
Net income 212,716 128,884 192,927
Less: Preferred stock dividends 60,502 21,645 22,079
Net income (loss) attributable to noncontrolling interests (4,894) [1] 357 [1] (342) [1]
Net income attributable to common stockholders $ 157,108 $ 106,882 $ 171,190
Average number of common shares outstanding:      
Basic 173,741 127,656 114,207
Diluted 174,401 128,208 114,612
Basic:      
Income from continuing operations attributable to common stockholders $ 0.54 $ 0.37 $ 0.98
Discontinued operations, net $ 0.37 $ 0.47 $ 0.52
Basic earnings per share $ 0.90 $ 0.84 $ 1.50
Diluted:      
Income from continuing operations attributable to common stockholders $ 0.53 $ 0.37 $ 0.98
Discontinued operations, net $ 0.37 $ 0.46 $ 0.52
Diluted earnings per share $ 0.90 $ 0.83 $ 1.49
[1] Includes amounts attributable to redeemable noncontrolling interests