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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Rental income $ 1,598,948 $ 1,405,767 $ 1,227,589
Resident fees and services 2,158,031 1,892,237 1,616,290
Interest income 84,141 37,667 32,663
Other income 18,706 7,875 4,066
Total revenues 3,859,826 3,343,546 2,880,608
Expenses:      
Interest expense 492,169 481,039 458,360
Property operating expenses 1,622,257 1,403,358 1,206,813
Depreciation and amortization 826,240 844,130 865,800
General and administrative 147,416 142,943 108,318
Transaction costs 110,926 69,538 133,401
Loss (gain) on derivatives, net (58,427) (1,495) 4,470
Loss (gain) on extinguishment of debt, net 34,677 9,558 (909)
Provision for loan losses 0 0 2,110
Impairment of Asset 2,220 0 0
Other expenses 46,231 10,262 0
Total expenses 3,223,709 2,959,333 2,778,363
Income from continuing operations before income taxes and income from unconsolidated entities 636,117 384,213 102,245
Income tax (expense) benefit (6,451) 1,267 (7,491)
(Loss) income from unconsolidated entities (21,504) (27,426) (8,187)
Income from continuing operations 608,162 358,054 86,567
Discontinued operations:      
Gain (loss) on sales of properties, net 0 6,411 49,138
Income (loss) from discontinued operations 0 724 2,575
Discontinued operations, net 0 7,135 51,713
Gain (loss) on real estate dispositions, net 280,387 147,111 0
Net income 888,549 512,300 138,280
Less: Preferred stock dividends 65,406 65,408 66,336
Net Income Loss Attributable To Noncontrolling Interest 4,799 147 (6,770)
Net income attributable to common stockholders $ 818,344 $ 446,745 $ 78,714
Average number of common shares outstanding:      
Basic 348,240,000 306,272,000 276,929,000
Diluted 349,424,000 307,747,000 278,761,000
Basic:      
Income from continuing operations attributable to common stockholders including real estate dispositions $ 2.35 $ 1.44 $ 0.1
Discontinued operations, net 0 0.02 0.19
Basic earnings per share 2.35 1.46 0.28
Diluted:      
Income from continuing operations attributable to common stockholders including real estate dispositions 2.34 1.43 0.1
Discontinued operations, net 0 0.02 0.19
Diluted earnings per share $ 2.34 $ 1.45 $ 0.28