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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Rental income $ 161,421 $ 145,784
Residents fees and services 96,954 82,793
Total revenues 258,375 228,577
Expenses:    
Property operating expenses 97,949 85,794
Depreciation 71,223 53,707
General and administrative 10,863 10,574
Acquisition related costs 439 1,158
Impairment of assets 7,390  
Total expenses 187,864 151,233
Operating income 70,511 77,344
Interest and other income 64 75
Interest expense (39,280) (35,942)
Loss on early extinguishment of debt (6) (1,409)
Income from continuing operations before income tax expense and equity in earnings of an investee 31,289 40,068
Income tax expense (94) (110)
Equity in earnings of an investee 77 72
Income from continuing operations 31,272 40,030
Discontinued operations:    
Loss from discontinued operations   (241)
Net income 31,272 39,789
Other comprehensive income:    
Unrealized gain on investments in available for sale securities 24,187 1,448
Equity in unrealized gain of an investee 52 45
Other comprehensive income 24,239 1,493
Comprehensive income $ 55,511 $ 41,282
Weighted average common shares outstanding (basic) (in shares) 237,315 221,375
Weighted average common shares outstanding (diluted) (in shares) 237,329 221,397
Per common share amounts (basic and diluted):    
Income from continuing operations (in dollars per share) $ 0.13 $ 0.18
Loss from discontinued operations (in dollars per share)   0.00
Net income (in dollars per share) $ 0.13 $ 0.18