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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental income $ 1,648,815 $ 1,598,948 $ 1,405,767
Resident fees and services 2,504,731 2,158,031 1,892,237
Interest income 97,963 84,141 37,667
Other income 29,651 18,706 7,875
Total revenues 4,281,160 3,859,826 3,343,546
Expenses:      
Interest expense 521,345 492,169 481,039
Property operating expenses 1,876,983 1,622,257 1,403,358
Depreciation and amortization 901,242 826,240 844,130
General and administrative 155,241 147,416 142,943
Transaction costs 42,910 110,926 69,538
Loss (gain) on derivatives, net (2,448) (58,427) (1,495)
Loss (gain) on extinguishment of debt, net 17,214 34,677 9,558
Provision for loan losses 10,215 0 0
Impairment of Asset 37,207 2,220 0
Other expenses 11,998 46,231 10,262
Total expenses 3,571,907 3,223,709 2,959,333
Income from continuing operations before income taxes and income from unconsolidated entities 709,253 636,117 384,213
Income tax (expense) benefit 19,128 (6,451) 1,267
(Loss) income from unconsolidated entities (10,357) (21,504) (27,426)
Income from continuing operations 718,024 608,162 358,054
Discontinued operations:      
Gain (loss) on sales of properties, net 0 0 6,411
Income (loss) from discontinued operations 0 0 724
Discontinued operations, net 0 0 7,135
Gain (loss) on real estate dispositions, net 364,046 280,387 147,111
Net income 1,082,070 888,549 512,300
Less: Preferred stock dividends 65,406 65,406 65,408
Net Income Loss Attributable To Noncontrolling Interest [1] 4,267 4,799 147
Net income attributable to common stockholders $ 1,012,397 $ 818,344 $ 446,745
Average number of common shares outstanding:      
Basic 358,275 348,240 306,272
Diluted 360,227 349,424 307,747
Basic:      
Income from continuing operations attributable to common stockholders including real estate dispositions $ 2.83 $ 2.35 $ 1.44
Discontinued operations, net 0 0 0.02
Basic earnings per share 2.83 2.35 1.46
Diluted:      
Income from continuing operations attributable to common stockholders including real estate dispositions 2.81 2.34 1.43
Discontinued operations, net 0 0 0.02
Diluted earnings per share $ 2.81 $ 2.34 $ 1.45
[1]
Includes amounts attributable to redeemable noncontrolling interests