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Consolidated Statements of Income (Unaudited) (USD $)
Share data in Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Rental income $ 239,703,000 $ 141,764,000 $ 406,848,000 $ 274,761,000
Resident fees and services 123,149,000   194,435,000  
Interest income 12,866,000 9,335,000 24,575,000 18,383,000
Other income 5,341,000 2,650,000 8,165,000 3,646,000
Total revenues 381,059,000 153,749,000 634,023,000 296,790,000
Expenses:        
Interest expense 83,961,000 35,478,000 142,347,000 63,403,000
Property operating expenses 100,197,000 11,970,000 164,126,000 23,761,000
Depreciation and amortization 110,382,000 44,037,000 183,186,000 84,042,000
Transaction costs 13,738,000 752,000 49,803,000 8,466,000
General and administrative 19,562,000 11,878,000 37,276,000 28,700,000
Loss (gain) on extinguishment of debt   7,035,000   25,072,000
Provision for loan losses 168,000   416,000  
Total expenses 328,008,000 111,150,000 577,154,000 233,444,000
Income from continuing operations before income taxes and income from unconsolidated joint ventures 53,051,000 42,599,000 56,869,000 63,346,000
Income tax (expense) benefit (211,000) (188,000) (340,000) (273,000)
Income from unconsolidated joint ventures 971,000 1,828,000 2,514,000 2,596,000
Income from continuing operations 53,811,000 44,239,000 59,043,000 65,669,000
Discontinued operations:        
Gain (loss) on sales of properties 30,224,000 3,314,000 56,380,000 10,033,000
Impairment of assets     (202,000)  
Income (loss) from discontinued operations, net 2,173,000 3,511,000 2,797,000 7,056,000
Discontinued operations, net 32,397,000 6,825,000 58,975,000 17,089,000
Net income 86,208,000 51,064,000 118,018,000 82,758,000
Less: Preferred stock dividends 17,353,000 5,484,000 26,033,000 10,993,000
Less: Net income (loss) attributable to noncontrolling interests(1) (992,000) [1] (66,000) [1] (1,234,000) [1] 307,000 [1]
Net income attributable to common stockholders $ 69,847,000 $ 45,646,000 $ 93,219,000 $ 71,458,000
Average number of common shares outstanding:        
Basic 176,445 123,808 165,755 123,541
Diluted 177,488 124,324 166,458 124,059
Basic:        
Income from continuing operations attributable to common stockholders $ 0.21 $ 0.31 $ 0.20 $ 0.44
Discontinued operations, net $ 0.18 $ 0.06 $ 0.36 $ 0.14
Net income attributable to common stockholders $ 0.40 [2] $ 0.37 [2] $ 0.56 [2] $ 0.58 [2]
Diluted:        
Income from continuing operations attributable to common stockholders $ 0.21 $ 0.31 $ 0.20 $ 0.44
Discontinued operations, net $ 0.18 $ 0.05 $ 0.35 $ 0.14
Net income attributable to common stockholders $ 0.39 [2] $ 0.37 [2] $ 0.56 [2] $ 0.58 [2]
Dividends declared and paid per common share $ 0.715 $ 0.68 $ 1.405 $ 1.36
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Amounts may not sum due to rounding