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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rental income $ 112,297 $ 108,407 $ 224,150 $ 215,435
Residents fees and services 74,631 35,986 149,687 71,554
Total revenues 186,928 144,393 373,837 286,989
Expenses:        
Property operating expenses 74,484 39,818 148,163 78,304
Depreciation 38,296 34,624 75,999 67,397
General and administrative 8,168 8,068 16,816 15,753
Acquisition related costs 292 1,829 2,187 2,694
Impairment of assets 4,371   5,675 3,071
Total expenses 125,611 84,339 248,840 167,219
Operating income 61,317 60,054 124,997 119,770
Interest and other income 397 227 570 709
Interest expense (29,567) (28,120) (59,131) (57,009)
Loss on early extinguishment of debt (105)   (105)  
Equity in earnings of an investee 79 76 155 121
Income before income tax expense 32,121 32,237 66,486 63,591
Income tax expense (140) (43) (280) (247)
Income from continuing operations 31,981 32,194 66,206 63,344
Discontinued operations:        
Income from discontinued operations 1,513 1,057 2,523 2,259
Impairment of assets from discontinued operations (27,896)   (27,896)  
Net income 5,598 33,251 40,833 65,603
Other comprehensive income:        
Change in net unrealized gain / loss on investments (4,404) (1,315) 4,360 916
Share of comprehensive income of an investee (73) (3) (81) (4)
Comprehensive income $ 1,121 $ 31,933 $ 45,112 $ 66,515
Weighted average shares outstanding (in shares) 188,081 162,670 186,350 162,659
Income from continuing operations per share (in dollars per share) $ 0.17 $ 0.20 $ 0.36 $ 0.39
(Loss) income from discontinued operations per share (in dollars per share) $ (0.14)   $ (0.14) $ 0.01
Net income per share (in dollars per share) $ 0.03 $ 0.20 $ 0.22 $ 0.40