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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental income $ 421,152 $ 409,290 $ 1,259,442 $ 1,185,502
Resident fees and services 630,017 545,255 1,847,386 1,573,318
Interest income 25,080 22,380 74,275 59,950
Other income 2,884 2,072 21,735 11,572
Total revenues 1,079,133 978,997 3,202,838 2,830,342
Expenses:        
Interest expense 129,699 121,130 394,985 361,071
Property operating expenses 473,680 408,703 1,382,148 1,183,519
Depreciation and amortization 218,061 205,799 673,326 603,431
General and administrative 36,828 36,950 122,434 110,562
Transaction costs 19,842 9,333 33,207 70,379
Loss (gain) on derivatives, net (2,516) 0 (2,516) (58,427)
Loss (gain) on extinguishment of debt, net 0 584 9 34,872
Impairment of Asset 9,705 0 24,019 2,220
Other expenses 0 0 3,161 10,583
Total expenses 885,299 782,499 2,630,773 2,318,210
Income (loss) from continuing operations before income taxes and income from unconsolidated entities, total 193,834 196,498 572,065 512,132
Income tax (expense) benefit 305 3,344 2,543 (3,769)
(Loss) income from unconsolidated entities (1,749) (2,631) (7,528) (18,231)
Income from continuing operations 192,390 197,211 567,080 490,132
Gain (loss) on real estate dispositions, net 162,351 2,046 163,881 249,002
Net income 354,741 199,257 730,961 739,134
Less: Preferred stock dividends 16,352 16,352 49,055 49,055
Less: Net income (loss) attributable to noncontrolling interests 3,479 862 2,553 4,666
Net income (loss) attributable to common stockholders $ 334,910 $ 182,043 $ 679,353 $ 685,413
Average number of common shares outstanding:        
Basic 358,932 351,765 356,911 346,425
Diluted 361,237 353,107 358,752 347,547
Basic:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions $ 0.93 $ 0.52 $ 1.9 $ 1.98
Discontinued operations, net 0 0 0 0
Net income (loss) attributable to common stockholders, total 0.93 0.52 1.9 1.98
Diluted:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions 0.93 0.52 1.89 1.97
Discontinued operations, net 0 0 0 0
Net income (loss) attributable to common stockholders, total 0.93 0.52 1.89 1.97
Dividends declared and paid per common share $ 0.86 $ 0.825 $ 2.58 $ 2.475