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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rental income $ 302,465 $ 263,704 $ 598,753 $ 512,662
Resident fees and services 370,995 165,654 698,319 323,828
Interest income 7,640 7,879 16,696 16,020
Other income 1,025 1,482 1,725 3,166
Total revenues 682,125 438,719 1,315,493 855,676
Expenses:        
Interest expense 110,629 91,299 220,585 179,780
Property operating expenses 278,587 135,839 531,941 264,641
Depreciation and amortization 200,108 127,599 386,837 248,136
General and administrative 23,902 25,870 51,081 53,621
Transaction costs 28,136 28,691 94,116 34,270
Loss (gain) on derivatives, net (2,716) (2,676) (407) (2,121)
Loss (gain) on extinguishment of debt, net 0 576 (308) 576
Provision for loan losses     0 0
Total expenses 638,646 407,198 1,283,845 778,903
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 43,479 31,521 31,648 76,773
Income tax (expense) benefit (1,215) (1,447) (3,978) (2,918)
Income from unconsolidated entities (5,461) 1,456 (3,198) 2,989
Income (loss) from continuing operations 36,803 31,530 24,472 76,844
Discontinued operations:        
Gain (loss) on sales of properties, net (29,997) 32,450 52,495 33,219
Income (loss) from discontinued operations, net 375 12,895 2,013 24,266
Discontinued operations, net (29,622) 45,345 54,508 57,485
Net income 7,181 76,875 78,980 134,329
Less: Preferred stock dividends 16,602 16,719 33,203 35,926
Less: Preferred stock redemption charge 0 6,242 0 6,242
Less: Net income (loss) attributable to noncontrolling interests (913) [1] (821) [1] (774) [1] (1,876) [1]
Net income (loss) attributable to common stockholders $ (8,508) $ 54,735 $ 46,551 $ 94,037
Average number of common shares outstanding:        
Basic 273,091 213,498 266,602 206,612
Diluted 276,481 215,138 266,602 208,237
Basic:        
Income (loss ) from continuing operations attributable to common stockholders $ 0.08 $ 0.04 $ (0.03) $ 0.18
Discontinued operations, net $ (0.11) $ 0.21 $ 0.20 $ 0.28
Net income (loss) attributable to common stockholders $ (0.03) [2] $ 0.26 [2] $ 0.17 [2] $ 0.46 [2]
Diluted:        
Income (loss) from continuing operations attributable to common stockholders $ 0.08 $ 0.04 $ (0.03) $ 0.18
Discontinued operations, net $ (0.11) $ 0.21 $ 0.20 $ 0.28
Net income (loss) attributable to common stockholders $ (0.03) [2] $ 0.25 [2] $ 0.17 [2] $ 0.45 [2]
Dividends declared and paid per common share $ 0.765 $ 0.74 $ 1.53 $ 1.48
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Amounts may not sum due to rounding