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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Rental income $ 398,570 $ 360,262 $ 800,066 $ 745,071
Income from loans and investments 19,529 56,417 36,655 87,598
Interest and other income 9,202 2,347 9,489 11,981
Total revenues 950,717 942,304 1,893,591 1,886,009
Interest 110,369 113,029 220,988 224,392
Depreciation and amortization 226,187 223,634 462,107 456,784
Property-level operating expenses 435,901 421,413 866,405 834,326
Office building services costs 515 534 1,148 649
General, administrative and professional fees 43,079 36,656 83,839 73,830
Loss (gain) on extinguishment of debt, net 4,022 (93) 4,427 10,884
Merger-related expenses and deal costs 4,600 4,494 6,780 21,830
Other (11,481) 3,527 (11,458) 6,647
Total expenses 813,192 803,194 1,634,236 1,629,342
Income before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 137,525 139,110 259,355 256,667
Loss from unconsolidated entities (2,529) (6,371) (3,475) (47,110)
Gain on real estate dispositions 19,150 35,827 24,597 35,875
Income tax benefit 57,752 734 59,009 3,976
Income from continuing operations 211,898 169,300 339,486 249,408
Discontinued operations 0 0 0 (10)
Net income 211,898 169,300 339,486 249,398
Net income attributable to noncontrolling interests 1,369 2,781 3,172 4,176
Net income attributable to common stockholders $ 210,529 $ 166,519 $ 336,314 $ 245,222
Income from continuing operations (in usd per share) $ 0.59 $ 0.48 $ 0.94 $ 0.70
Net income attributable to common stockholders (in usd per share) 0.58 0.47 0.94 0.69
Income from continuing operations (in usd per share) 0.58 0.47 0.93 0.69
Net income attributable to common stockholders (in usd per share) $ 0.58 $ 0.46 $ 0.93 $ 0.68
Triple-Net Leased Properties        
Rental income $ 196,382 $ 167,870 $ 396,450 $ 358,511
Property-level operating expenses 6,321 0 13,754 0
Office Operations        
Rental income 202,188 192,392 403,616 386,560
Property-level operating expenses 62,743 60,301 124,828 120,994
Resident Fees and Services        
Other revenues 520,725 518,989 1,042,172 1,033,742
Office Building and Other Services Revenue        
Other revenues 2,691 4,289 5,209 7,617
Senior Living Operations        
Property-level operating expenses $ 366,837 $ 361,112 $ 727,823 $ 713,332