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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Rental income:        
Triple-net leased $ 260,562 $ 242,726 $ 526,768 $ 480,572
Medical office buildings 140,403 114,890 277,393 230,113
Total rental income 400,965 357,616 804,161 710,685
Resident fees and services 454,645 374,473 901,559 745,534
Medical office building and other services revenue 9,408 4,367 19,951 10,667
Income from loans and investments 26,068 14,625 48,967 25,392
Interest and other income 236 173 708 446
Total revenues 891,322 751,254 1,775,346 1,492,724
Expenses:        
Interest 107,591 91,501 214,181 179,342
Depreciation and amortization 249,195 190,818 496,636 384,412
Property-level operating expenses:        
Senior living 299,252 249,424 597,614 497,719
Medical office buildings 43,321 39,335 85,670 78,680
Total property-level operating expenses 342,573 288,759 683,284 576,399
Medical office building services costs 5,764 1,626 12,682 4,997
General, administrative and professional fees 33,962 31,306 68,292 64,172
(Gain) loss on extinguishment of debt, net (455) 2,924 (434) 2,665
Merger-related expenses and deal costs 14,585 9,599 49,757 20,359
Other 5,091 4,863 10,387 10,092
Total expenses 758,306 621,396 1,534,785 1,242,438
Income before income (loss) from unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 133,016 129,858 240,561 250,286
Income (loss) from unconsolidated entities 9 348 (242) 596
Income tax benefit (expense) 9,789 (3,274) 17,039 (6,707)
Income from continuing operations 142,814 126,932 257,358 244,175
Discontinued operations 67 (255) (356) 2,776
Gain on real estate dispositions 7,469 11,889 14,155 12,889
Net income 150,350 138,566 271,157 259,840
Net income attributable to noncontrolling interest 529 168 894 395
Net income attributable to common stockholders $ 149,821 $ 138,398 $ 270,263 $ 259,445
Basic:        
Income from continuing operations attributable to common stockholders, including real estate dispositions (in usd per share) $ 0.45 $ 0.47 $ 0.82 $ 0.87
Discontinued operations (in usd per share) 0.00 0.00 0.00 0.01
Net income attributable to common stockholders (in usd per share) 0.45 0.47 0.82 0.88
Diluted:        
Income from continuing operations attributable to common stockholders, including real estate dispositions (in usd per share) 0.45 0.47 0.82 0.87
Discontinued operations (in usd per share) 0.00 0.00 0.00 0.01
Net income attributable to common stockholders (in usd per share) $ 0.45 $ 0.47 $ 0.82 $ 0.88
Weighted average shares used in computing earnings per common share:        
Basic (in shares) 330,715 293,988 327,890 293,932
Diluted (in shares) 334,026 296,504 331,424 296,369
Dividends declared per common share (in usd per share) $ 0.79 $ 0.725 $ 1.58 $ 1.45