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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Rental and other income $ 473,199 $ 428,022 $ 1,367,473 $ 1,236,154
Management, development and other fees 2,161 2,503 7,714 8,253
Total revenue 475,360 430,525 1,375,187 1,244,407
Expenses:        
Operating expenses, excluding property taxes 115,655 105,212 340,501 304,812
Property taxes 50,416 44,996 143,505 131,920
Interest expense, net [1] 43,234 46,376 133,398 132,631
(Gain) loss on extinguishment of debt, net (18,987) 0 (26,736) 412
Depreciation expense [1] 120,184 111,836 355,664 328,598
General and administrative expense 10,503 11,290 32,614 30,745
Expensed acquisition, development and other pursuit costs, net of recoveries 3,391 406 5,251 3,139
Casualty and impairment loss (gain), net (658) 0 10,668 0
Total expenses 325,054 320,116 973,529 932,257
Equity in income of unconsolidated real estate entities 20,554 130,592 68,925 143,527
Gain on sale of real estate 0 0 9,647 0
Gain on sale of communities 35,216 0 106,151 60,945
Income from continuing operations 206,076 241,001 586,381 516,622
Discontinued operations:        
Income from discontinued operations 0 0 0 310
Gain on sale of discontinued operations 0 0 0 37,869
Total discontinued operations 0 0 0 38,179
Net income 206,076 241,001 586,381 554,801
Net loss (income) attributable to noncontrolling interests 66 99 229 (13,872)
Net income attributable to common stockholders 206,142 241,100 586,610 540,929
Other comprehensive income:        
Cash flow hedge losses reclassified to earnings 1,342 1,546 4,334 4,557
Comprehensive income $ 207,484 $ 242,646 $ 590,944 $ 545,486
Earnings per common share - basic:        
Income (loss) from continuing operations attributable to common stockholders (in dollars per share) $ 1.54 $ 1.83 $ 4.42 $ 3.86
Discontinued operations attributable to common stockholders (in dollars per share) 0.00 0.00 0.00 0.29
Net income attributable to common stockholders (in dollars per share) 1.54 1.83 4.42 4.15
Earnings per common share - diluted:        
Income (loss) from continuing operations attributable to common stockholders (in dollars per share) 1.53 1.83 4.39 3.85
Discontinued operations attributable to common stockholders (in dollars per share) 0.00 0.00 0.00 0.29
Net income attributable to common stockholders (in dollars per share) 1.53 1.83 4.39 4.14
Dividends per common share (in dollars per share) $ 1.25 $ 1.16 $ 3.75 $ 3.48
[1] Includes amounts associated with assets sold or held for sale, not classified as discontinued operations.