XML 15 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Rental income$ 102,546$ 80,961$ 300,527$ 242,173
Residents fees and services10,731 11,575 
Total revenues113,27780,961312,102242,173
Expenses:    
Depreciation28,82422,50582,12067,139
Property operating expenses19,7544,59940,57213,138
General and administrative6,6085,54519,61816,439
Acquisition related costs2,6202866,547725
Impairment of assets1,028 1,1941,095
Total expenses58,83432,935150,05198,536
Operating income54,44348,026162,051143,637
Interest and other income462203971703
Interest expense(24,730)(20,226)(70,837)(59,155)
Loss on early extinguishment of debt  (427)(2,433)
Gain on sale of properties 10921,315109
Equity in earnings (losses) of an investee2835111(17)
Income before income tax expense30,20328,147113,18482,844
Income tax expense(207)(69)(365)(223)
Net income$ 29,996$ 28,078$ 112,819$ 82,621
Weighted average shares outstanding (in shares)153,385127,423145,745127,404
Net income per share (in dollars per share)$ 0.20$ 0.22$ 0.77$ 0.65