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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Rental income:      
Triple-net leased $ 845,834 $ 779,801 $ 674,547
Office 630,342 566,245 463,910
Total rental income 1,476,176 1,346,046 1,138,457
Resident fees and services 1,847,306 1,811,255 1,552,951
Office building and other services revenue 21,070 41,492 29,364
Income from loans and investments 98,094 86,553 51,778
Interest and other income 876 1,052 4,263
Total revenues 3,443,522 3,286,398 2,776,813
Expenses      
Interest 419,740 367,114 292,065
Depreciation and amortization 898,924 894,057 725,216
Property-level operating expenses:      
Senior living 1,242,978 1,209,415 1,036,556
Office 191,784 174,225 158,832
Total property-level operating expenses 1,434,762 1,383,640 1,195,388
Office building services costs 7,311 26,565 17,092
General, administrative and professional fees 126,875 128,035 121,738
Loss on extinguishment of debt, net 2,779 14,411 5,564
Merger-related expenses and deal costs 24,635 102,944 43,304
Other 9,988 17,957 25,743
Total expenses 2,925,014 2,934,723 2,426,110
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest 518,508 351,675 350,703
Income (loss) from unconsolidated entities 4,358 (1,420) (139)
Income tax benefit 31,343 39,284 8,732
Income from continuing operations 554,209 389,539 359,296
Discontinued operations (922) 11,103 99,735
Gain on real estate dispositions 98,203 18,580 17,970
Net income 651,490 419,222 477,001
Net income attributable to noncontrolling interest 2,259 1,379 1,234
Net income attributable to common stockholders $ 649,231 $ 417,843 $ 475,767
Basic:      
Income from continuing operations attributable to common stockholders, including real estate dispositions (USD per share) $ 1.88 $ 1.23 $ 1.28
Discontinued operations (USD per share) 0.00 0.03 0.34
Net income attributable to common stockholders (USD per share) 1.88 1.26 1.62
Diluted:      
Income from continuing operations attributable to common stockholders, including real estate dispositions (USD per share) 1.86 1.22 1.26
Discontinued operations (USD per share) 0.00 0.03 0.34
Net income attributable to common stockholders (USD per share) $ 1.86 $ 1.25 $ 1.60
Weighted average shares used in computing earnings per common share:      
Basic (in shares) 344,703 330,311 294,175
Diluted (in shares) 348,390 334,007 296,677