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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Rental income $ 1,443,360 $ 1,588,400 $ 1,380,422
Total revenues 4,605,967 5,121,306 4,700,499
Expenses:      
Property operating expenses 2,597,823 2,690,042 2,433,017
Depreciation and amortization 1,038,437 1,027,073 950,459
Interest expense 514,388 555,559 526,592
General and administrative expenses 128,394 126,549 126,383
Loss (gain) on derivatives and financial instruments, net 11,049 (4,399) (4,016)
Loss (gain) on extinguishment of debt, net 47,049 84,155 16,097
Provision for loan losses 94,436 18,690 0
Impairment of assets 135,608 28,133 115,579
Other expenses 70,335 52,612 112,898
Total expenses 4,637,519 4,578,414 4,277,009
Income (loss) from continuing operations before income taxes and other items (31,552) 542,892 423,490
Income tax (expense) benefit (9,968) (2,957) (8,674)
Income (loss) from unconsolidated entities (8,083) 42,434 (641)
Gain (loss) on real estate dispositions, net 1,088,455 748,041 415,575
Income (loss) from continuing operations 1,038,852 1,330,410 829,750
Net income 1,038,852 1,330,410 829,750
Less:  Preferred stock dividends 0 0 46,704
Less: Net income (loss) attributable to noncontrolling interests [1] 60,008 97,978 24,796
Net income (loss) attributable to common stockholders $ 978,844 $ 1,232,432 $ 758,250
Average number of common shares outstanding:      
Basic (in shares) 415,451 401,845 373,620
Diluted (in shares) 417,387 403,808 375,250
Basic:      
Income (loss) from continuing operations (in USD per share) $ 2.50 $ 3.31 $ 2.22
Net income (loss) attributable to common stockholders (in USD per share) 2.36 3.07 2.03
Diluted:      
Income (loss) from continuing operations (in USD per share) 2.49 3.29 2.21
Net income (loss) attributable to common stockholders (in USD per share) [2] $ 2.33 $ 3.05 $ 2.02
Resident fees and services      
Revenues:      
Revenue from contract with customer $ 3,074,022 $ 3,448,175 $ 3,234,852
Interest income      
Revenues:      
Revenue from contract with customer 69,156 63,830 55,814
Other income      
Revenues:      
Revenue from contract with customer $ 19,429 $ 20,901 $ 29,411
[1] Includes amounts attributable to redeemable noncontrolling interests
[2] Includes adjustment to the numerator for income (loss) attributable to OP unitholders