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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rental income $ 311,731,000 $ 277,919,000 $ 909,659,000 $ 789,748,000
Resident fees and services 466,127,000 174,464,000 1,164,446,000 498,295,000
Interest income 7,629,000 8,111,000 24,325,000 24,131,000
Other income 1,443,000 1,339,000 3,168,000 4,505,000
Total revenues 786,930,000 461,833,000 2,101,598,000 1,316,679,000
Expenses:        
Interest expense 116,530,000 91,915,000 336,585,000 271,223,000
Property operating expenses 342,730,000 144,417,000 874,960,000 409,236,000
Depreciation and amortization 242,668,000 127,844,000 628,700,000 373,344,000
General and administrative 28,718,000 23,679,000 79,799,000 77,302,000
Transaction costs 23,591,000 8,264,000 117,707,000 42,535,000
Loss (gain) on derivatives, net 4,872,000 409,000 4,465,000 (1,712,000)
Loss (gain) on extinguishment of debt, net (4,068,000) 215,000 (4,376,000) 791,000
Provision for loan losses 0 27,008,000 0 27,008,000
Total expenses 755,041,000 423,751,000 2,037,840,000 1,199,727,000
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 31,889,000 38,082,000 63,758,000 116,952,000
Income tax (expense) benefit (3,077,000) (836,000) (7,055,000) (3,754,000)
Income from unconsolidated entities (331,000) (739,000) (3,529,000) 2,250,000
Income (loss) from continuing operations 28,481,000 36,507,000 53,174,000 115,448,000
Discontinued operations:        
Gain (loss) on sales of properties, net 4,707,000 12,827,000 57,202,000 46,046,000
Impairment of assets 0 6,952,000 0 6,952,000
Income (loss) from discontinued operations, net 417,000 11,124,000 2,212,000 33,294,000
Discontinued operations, net 5,124,000 16,999,000 59,414,000 72,388,000
Net income 33,605,000 53,506,000 112,588,000 187,836,000
Less: Preferred stock dividends 16,602,000 16,602,000 49,805,000 52,527,000
Less: Preferred stock redemption charge 0 0 0 6,242,000
Less: Net income (loss) attributable to noncontrolling interests (3,688,000) [1] (365,000) [1] (4,462,000) [1] (2,241,000) [1]
Net income (loss) attributable to common stockholders $ 20,691,000 $ 37,269,000 $ 67,245,000 $ 131,308,000
Average number of common shares outstanding:        
Basic 286,020,000 224,391,000 273,148,000 212,592,000
Diluted 288,029,000 226,258,000 275,247,000 214,075,000
Basic:        
Income (loss ) from continuing operations attributable to common stockholders $ 0.05 $ 0.09 $ 0.03 $ 0.28
Discontinued operations, net $ 0.02 $ 0.08 $ 0.22 $ 0.34
Net income (loss) attributable to common stockholders $ 0.07 $ 0.17 $ 0.25 $ 0.62
Diluted:        
Income (loss) from continuing operations attributable to common stockholders $ 0.05 $ 0.09 $ 0.03 $ 0.28
Discontinued operations, net $ 0.02 $ 0.08 $ 0.22 $ 0.34
Net income (loss) attributable to common stockholders $ 0.07 $ 0.16 $ 0.24 $ 0.61
Dividends declared and paid per common share $ 0.765 $ 0.74 $ 2.295 $ 2.22
[1]

(1) Includes amounts attributable to redeemable noncontrolling interests.