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Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Rental income $ 278,067 $ 228,246 $ 541,208 $ 384,009
Resident fees and services 165,654 123,149 323,828 194,435
Interest income 7,879 12,866 16,020 24,575
Other income 1,482 5,341 3,166 8,165
Total revenues 453,082 369,602 884,222 611,184
Expenses:        
Interest expense 94,968 81,484 186,941 137,613
Property operating expenses 136,303 99,808 265,572 163,371
Depreciation and amortization 131,917 107,255 256,821 176,939
General and administrative 25,870 19,562 53,621 37,276
Transaction costs 28,691 13,738 34,270 49,803
Loss (gain) on derivatives 2,676 0 2,121 0
Loss (gain) on extinguishment of debt 576 0 576 0
Provision for loan losses 0 168 0 416
Total expenses 415,649 322,015 795,680 565,418
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 37,433 47,587 88,542 45,766
Income tax (expense) benefit (1,447) (211) (2,918) (340)
Income from unconsolidated entities 1,456 971 2,989 2,514
Income (loss) from continuing operations 37,442 48,347 88,613 47,940
Discontinued operations:        
Gain (loss) on sales of properties 32,450 30,224 33,219 56,380
Impairment of assets 0 0 0 (202)
Income (loss) from discontinued operations, net 6,983 7,637 12,497 13,900
Discontinued operations, net 39,433 37,861 45,716 70,078
Net income 76,875 86,208 134,329 118,018
Less: Preferred stock dividends 16,719 17,353 35,926 26,033
Less: Preferred stock redemption charge 6,242 0 6,242 0
Less: Net income (loss) attributable to noncontrolling interests (821) [1] (992) [1] (1,876) [1] (1,234) [1]
Net income (loss) attributable to common stockholders 54,735 69,847 94,037 93,219
Average number of common shares outstanding:        
Basic 213,498 176,445 206,612 165,755
Diluted 215,138 177,488 208,237 166,458
Basic:        
Income (loss ) from continuing operations attributable to common stockholders $ 0.07 $ 0.18 $ 0.23 $ 0.14
Discontinued operations, net $ 0.18 $ 0.21 $ 0.22 $ 0.42
Net income (loss) attributable to common stockholders $ 0.26 [2] $ 0.40 [2] $ 0.46 [2] $ 0.56 [2]
Diluted:        
Income (loss) from continuing operations attributable to common stockholders $ 0.07 $ 0.18 $ 0.23 $ 0.14
Discontinued operations, net $ 0.18 $ 0.21 $ 0.22 $ 0.42
Net income (loss) attributable to common stockholders $ 0.25 [2] $ 0.39 [2] $ 0.45 [2] $ 0.56 [2]
Dividends declared and paid per common share $ 0.74 $ 0.715 $ 1.48 $ 1.405
Total comprehensive income (loss) attributable to stockholders $ 74,927 $ 86,358 $ 132,667 $ 118,972
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Amounts may not sum due to rounding