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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Rental and other income $ 521,126 $ 506,974
Management, development and other fees 1,200 1,524
Total revenue 522,326 508,498
Expenses:    
Operating expenses, excluding property taxes 123,044 116,626
Property taxes 52,930 50,067
Interest expense, net 49,295 43,410
Depreciation expense 140,621 127,216
General and administrative expense 13,206 11,404
Expensed acquisition, development and other pursuit costs, net of recoveries 728 3,462
Casualty and impairment loss (gain), net (11,688) 2,202
Total expenses 391,512 349,983
Income before equity in income of unconsolidated real estate entities, gain on sale of communities and other real estate, and income taxes 130,814 158,515
Equity in income of unconsolidated real estate entities 16,672 27,969
Gain on sale of communities 87,949 51,430
Gain on sale of other real estate 366 0
Income before income taxes 235,801 237,914
Income tax expense 20 37
Net income 235,781 237,877
Net loss attributable to noncontrolling interests 94 54
Net income attributable to common stockholders 235,875 237,931
Other comprehensive income (loss):    
(Loss) income on cash flow hedges 145 (47,757)
Cash flow hedge losses reclassified to earnings 1,752 1,374
Comprehensive income $ 237,772 $ 191,548
Earnings per common share - basic:    
Net income attributable to common stockholders (in dollars per share) $ 1.72 $ 1.73
Earnings per common share - diluted:    
Net income attributable to common stockholders (in dollars per share) 1.72 1.73
Dividends per common share (in dollars per share) $ 1.42 $ 1.35