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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Rental income:      
Total rental income $ 1,494,892 $ 1,609,876 $ 1,513,807
Interest and Dividend Income, Operating 80,505 89,201 124,218
Interest and other income 7,609 10,984 24,892
Total revenues 3,795,357 3,872,750 3,745,810
Expenses      
Interest 469,541 451,662 442,497
Depreciation and amortization 1,109,763 1,045,620 919,639
Property-level operating expenses:      
Property-level operating expenses 1,937,443 1,808,208 1,689,880
Office building services costs 2,315 2,319 1,418
General, administrative and professional fees 130,158 158,726 145,978
Gain (Loss) on Extinguishment of Debt 10,791 41,900 58,254
Merger-related expenses and deal costs 29,812 15,235 30,547
Allowance on loans receivable and investments 24,238 0 0
Other 707 (10,339) 72,772
Total expenses 3,714,768 3,513,331 3,360,985
Income before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 80,589 359,419 384,825
Income (loss) from unconsolidated entities 1,844 (2,454) (55,034)
Gain on real estate dispositions 262,218 26,022 46,247
Income tax benefit 96,534 56,310 39,953
Income from continuing operations 441,185 439,297 415,991
Discontinued operations 0 0 (10)
Net income 441,185 439,297 415,981
Net income attributable to noncontrolling interests 2,036 6,281 6,514
Net income attributable to common stockholders $ 439,149 $ 433,016 $ 409,467
Basic:      
Income from continuing operations (USD per share) $ 1.18 $ 1.20 $ 1.17
Net income attributable to common stockholders (USD per share) 1.18 1.18 1.15
Diluted:      
Income from continuing operations (USD per share) 1.17 1.19 1.16
Net income attributable to common stockholders (USD per share) $ 1.17 $ 1.17 $ 1.14
Triple-net leased properties      
Rental income:      
Total rental income $ 695,265 $ 780,898 $ 737,796
Property-level operating expenses:      
Property-level operating expenses 22,160   0
Office operations      
Rental income:      
Total rental income 799,627 828,978 776,011
Property-level operating expenses:      
Property-level operating expenses 256,612 260,249 243,679
Resident Fees and Services      
Rental income:      
Revenue from contracts with customers 2,197,160 2,151,533 2,069,477
Office Building and Other Services Revenue      
Rental income:      
Revenue from contracts with customers 15,191 11,156 13,416
Senior living operations      
Property-level operating expenses:      
Property-level operating expenses $ 1,658,671 $ 1,521,398 $ 1,446,201