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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Rental income:        
Triple-net leased $ 210,119 $ 182,006 $ 424,606 $ 370,563
Medical office buildings 144,087 140,472 288,223 277,532
Total rental income 354,206 322,478 712,829 648,095
Resident fees and services 464,437 454,645 928,413 901,559
Medical office building and other services revenue 5,504 9,408 12,689 19,951
Income from loans and investments 24,146 25,215 46,532 47,268
Interest and other income 111 174 230 645
Total revenues 848,404 811,920 1,700,693 1,617,518
Expenses:        
Interest 103,665 83,959 206,938 166,287
Depreciation and amortization 221,961 214,711 458,348 430,930
Property-level operating expenses:        
Senior living 307,989 299,252 620,530 597,614
Medical office buildings 43,966 43,410 87,647 85,847
Total property-level operating expenses 351,955 342,662 708,177 683,461
Medical office building services costs 1,852 5,764 5,303 12,682
General, administrative and professional fees 32,094 33,959 63,820 68,285
Loss (gain) on extinguishment of debt, net 2,468 (455) 2,782 (434)
Merger-related expenses and deal costs 7,224 12,265 8,856 42,878
Other 2,303 4,279 6,471 9,153
Total expenses 723,522 697,144 1,460,695 1,413,242
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 124,882 114,776 239,998 204,276
Income (loss) from unconsolidated entities 1,418 9 1,220 (242)
Income tax benefit 11,549 9,789 19,970 17,039
Income from continuing operations 137,849 124,574 261,188 221,073
Discontinued operations (148) 18,243 (637) 35,817
Gain on real estate dispositions 5,739 7,469 31,923 14,155
Net income 143,440 150,286 292,474 271,045
Net income attributable to noncontrolling interest 278 465 332 782
Net income attributable to common stockholders $ 143,162 $ 149,821 $ 292,142 $ 270,263
Basic:        
Income from continuing operations attributable to common stockholders, including real estate dispositions (in usd per share) $ 0.42 $ 0.39 $ 0.87 $ 0.71
Discontinued operations (in usd per share) 0.00 0.06 0.00 0.11
Net income attributable to common stockholders (in usd per share) 0.42 0.45 0.87 0.82
Diluted:        
Income from continuing operations attributable to common stockholders, including real estate dispositions (in usd per share) 0.42 0.40 0.86 0.71
Discontinued operations (in usd per share) 0.00 0.05 0.00 0.11
Net income attributable to common stockholders (in usd per share) $ 0.42 $ 0.45 $ 0.86 $ 0.82
Weighted average shares used in computing earnings per common share:        
Basic (in shares) 338,901 330,715 337,230 327,890
Diluted (in shares) 342,571 334,026 340,851 331,424
Dividends declared per common share (in usd per share) $ 0.73 $ 0.79 $ 1.46 $ 1.58