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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental income $ 412,147   $ 1,178,817  
Rental income   $ 342,887   $ 1,019,857
Total revenues 1,266,133 1,236,379 3,858,484 3,459,256
Expenses:        
Property operating expenses 655,588 657,157 2,027,522 1,782,373
Depreciation and amortization 272,445 243,149 764,429 707,625
Interest expense 137,343 138,032 423,911 382,223
General and administrative expenses 31,019 28,746 100,042 95,282
Loss (gain) on derivatives and financial instruments, net 1,244 8,991 670 (5,642)
Loss (gain) on extinguishment of debt, net 65,824 4,038 81,543 16,044
Provision for loan losses 0 0 18,690 0
Impairment of assets 18,096 6,740 28,035 39,557
Other expenses 6,186 88,626 36,570 102,396
Total expenses 1,187,745 1,175,479 3,481,412 3,119,858
Income (loss) from continuing operations before income taxes and other items 78,388 60,900 377,072 339,398
Income tax (expense) benefit (3,968) (1,741) (7,789) (7,170)
Income (loss) from unconsolidated entities 3,262 344 (14,986) (836)
Gain (loss) on real estate dispositions, net 570,250 24,723 735,977 373,662
Income (loss) from continuing operations 647,932 84,226 1,090,274 705,054
Net income (loss) 647,932 84,226 1,090,274 705,054
Less: Preferred stock dividends 0 11,676 0 35,028
Less: Net income (loss) attributable to noncontrolling interests [1] 58,056 8,166 82,166 13,539
Net income (loss) attributable to common stockholders $ 589,876 $ 64,384 $ 1,008,108 $ 656,487
Average number of common shares outstanding:        
Basic (in shares) 405,023 373,023 400,441 372,052
Diluted (in shares) 406,891 374,487 402,412 373,638
Basic:        
Income (loss) from continuing operations (in USD per share) $ 1.60 $ 0.23 $ 2.72 $ 1.90
Net income (loss) attributable to common stockholders (in USD per share) 1.46 0.17 2.52 1.76
Diluted:        
Income (loss) from continuing operations (in USD per share) 1.59 0.22 2.71 1.89
Net income (loss) attributable to common stockholders (in USD per share) 1.45 0.17 2.51 1.76
Dividends declared and paid per common share (in USD per share) $ 0.87 $ 0.87 $ 2.6100 $ 2.6100
Net income $ 647,932 $ 84,226 $ 1,090,274 $ 705,054
Other comprehensive income (loss):        
Foreign currency translation gain (loss) (100,837) (15,293) (76,241) (137,095)
Derivative instruments gain (loss) 78,947 12,200 91,672 100,205
Total other comprehensive income (loss) (21,890) (3,093) 15,431 (36,890)
Total comprehensive income (loss) 626,042 81,133 1,105,705 668,164
Less: Total comprehensive income (loss) attributable to noncontrolling interests(1) 53,220 10,933 85,504 3,675
Total comprehensive income (loss) attributable to common stockholders 572,822 70,200 1,020,201 664,489
Resident fees and services        
Revenues:        
Revenue from contract with customer 834,121 875,171 2,616,491 2,374,450
Interest income        
Revenues:        
Revenue from contract with customer 15,637 14,622 48,112 42,732
Other income        
Revenues:        
Revenue from contract with customer $ 4,228 $ 3,699 $ 15,064 $ 22,217
[1] Includes amounts attributable to redeemable noncontrolling interests.