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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 $ 863,864 $ 510,311 $ 427,197
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 1,372,314 609,417 475,870
Expenses:      
Interest expense 307,529 141,148 86,632
Property operating expenses 378,578 78,463 41,689
Depreciation and amortization 404,552 172,876 125,538
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 1,239,115 557,628 351,918
Income from continuing operations before income taxes and income from unconsolidated entities 133,199 51,789 123,952
Income tax (expense) benefit (1,388) (364) (168)
Income from unconsolidated entities 5,772 6,673 0
Income from continuing operations 137,583 58,098 123,784
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 26,167 35,618 50,972
Discontinued operations, net 75,133 70,786 69,143
Net income 212,716 128,884 192,927
Less: Preferred stock dividends 60,502 21,645 22,079
Net Income Loss Attributable To Noncontrolling Interest (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 $ 0.47 $ 0.28 $ 0.89
Discontinued operations, net $ 0.43 $ 0.55 $ 0.61
Basic earnings per share $ 0.90 $ 0.84 $ 1.50
Diluted:      
Income from continuing operations attributable to common stockholders $ 0.47 $ 0.28 $ 0.89
Discontinued operations, net $ 0.43 $ 0.55 $ 0.60
Diluted earnings per share $ 0.90 $ 0.83 $ 1.49
[1] Includes amounts attributable to redeemable noncontrolling interests