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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental income $ 385,586   $ 766,670  
Rental income   $ 333,601   $ 676,970
Total revenues 1,320,106 1,125,912 2,592,351 2,222,877
Expenses:        
Property operating expenses 701,127 568,751 1,371,934 1,125,216
Depreciation and amortization 248,052 236,275 491,984 464,476
Interest expense 141,336 121,416 286,568 244,191
General and administrative expenses 33,741 32,831 69,023 66,536
Loss (gain) on derivatives and financial instruments, net 1,913 (7,460) (574) (14,633)
Loss (gain) on extinguishment of debt, net 0 299 15,719 12,006
Provision for loan losses 0 0 18,690 0
Impairment of assets 9,939 4,632 9,939 32,817
Other expenses 21,628 10,058 30,384 13,770
Total expenses 1,157,736 966,802 2,293,667 1,944,379
Income (loss) from continuing operations before income taxes and other items 162,370 159,110 298,684 278,498
Income tax (expense) benefit (1,599) (3,841) (3,821) (5,429)
Income (loss) from unconsolidated entities (9,049) 1,249 (18,248) (1,180)
Gain (loss) on real estate dispositions, net (1,682) 10,755 165,727 348,939
Income (loss) from continuing operations 150,040 167,273 442,342 620,828
Net income (loss) 150,040 167,273 442,342 620,828
Less: Preferred stock dividends 0 11,676 0 23,352
Less: Net income (loss) attributable to noncontrolling interests [1] 12,278 1,165 24,110 5,373
Net income (loss) attributable to common stockholders $ 137,762 $ 154,432 $ 418,232 $ 592,103
Average number of common shares outstanding:        
Basic (in shares) 404,607 371,640 398,073 371,552
Diluted (in shares) 406,673 373,075 400,096 373,186
Basic:        
Income (loss) from continuing operations (in USD per share) $ 0.37 $ 0.45 $ 1.11 $ 1.67
Net income (loss) attributable to common stockholders (in USD per share) 0.34 0.42 1.05 1.59
Diluted:        
Income (loss) from continuing operations (in USD per share) 0.37 0.45 1.11 1.66
Net income (loss) attributable to common stockholders (in USD per share) 0.34 0.41 1.05 1.59
Dividends declared and paid per common share (in USD per share) $ 0.87 $ 0.87 $ 1.7400 $ 1.7400
Net income $ 150,040 $ 167,273 $ 442,342 $ 620,828
Other comprehensive income (loss):        
Foreign currency translation gain (loss) (54,024) (200,826) 24,596 (121,802)
Derivative instruments gain (loss) 100,407 150,703 12,725 88,005
Total other comprehensive income (loss) 46,383 (50,123) 37,321 (33,797)
Total comprehensive income (loss) 196,423 117,150 479,663 587,031
Less: Total comprehensive income (loss) attributable to noncontrolling interests(1) 14,665 (7,580) 32,284 (7,258)
Total comprehensive income (loss) attributable to common stockholders 181,758 124,730 447,379 594,289
Resident fees and services        
Revenues:        
Revenue from contract with customer 914,085 763,345 1,782,370 1,499,279
Interest income        
Revenues:        
Revenue from contract with customer 17,356 13,462 32,475 28,110
Other income        
Revenues:        
Revenue from contract with customer $ 3,079 $ 15,504 $ 10,836 $ 18,518
[1] Includes amounts attributable to redeemable noncontrolling interests.