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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Rental income:        
Triple-net leased $ 210,096 $ 203,209 $ 622,702 $ 433,980
Medical office buildings 100,814 58,159 253,890 106,153
Total rental income 310,910 261,368 876,592 540,133
Resident fees and services 317,131 274,294 906,946 590,103
Medical office building and other services revenue 4,544 9,271 16,791 26,050
Income from loans and investments 9,035 10,072 25,223 24,548
Interest and other income 330 373 441 529
Total revenues 641,950 555,378 1,825,993 1,181,363
Expenses:        
Interest 75,139 69,518 217,475 162,348
Depreciation and amortization 189,908 156,593 538,946 286,663
Property-level operating expenses:        
Senior living 216,861 187,356 620,075 401,361
Medical office buildings 36,144 20,071 86,469 37,025
Total property-level operating expenses 253,005 207,427 706,544 438,386
Medical office building services costs 1,487 6,347 8,314 19,837
General, administrative and professional fees 26,872 20,624 75,779 51,010
(Gain) loss on extinguishment of debt (1,194) 8,685 38,339 25,211
Litigation proceeds, net 0 (85,327) 0 (85,327)
Merger-related expenses and deal costs 4,917 69,350 49,566 131,606
Other 2,508 13,882 5,594 5,827
Total expenses 552,642 467,099 1,640,557 1,035,561
Income before income/loss from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest 89,308 88,279 185,436 145,802
Income (loss) from unconsolidated entities 17,074 182 17,905 (71)
Income tax benefit 8,886 13,732 2,727 23,039
Income from continuing operations 115,268 102,193 206,068 168,770
Discontinued operations (3,447) (209) 69,581 1,994
Net income 111,821 101,984 275,649 170,764
Net loss attributable to noncontrolling interest (61) (901) (884) (781)
Net income attributable to common stockholders $ 111,882 $ 102,885 $ 276,533 $ 171,545
Basic:        
Income from continuing operations attributable to common stockholders (in dollars per share) $ 0.39 $ 0.36 $ 0.71 $ 0.81
Discontinued operations (in dollars per share) $ (0.01) $ 0.00 $ 0.24 $ 0.01
Net income attributable to common stockholders (in dollars per share) $ 0.38 $ 0.36 $ 0.95 $ 0.82
Diluted:        
Income from continuing operations attributable to common stockholders (in dollars per share) $ 0.39 $ 0.35 $ 0.70 $ 0.80
Discontinued operations (in dollars per share) $ (0.01) $ 0.00 $ 0.24 $ 0.01
Net income attributable to common stockholders (in dollars per share) $ 0.38 $ 0.35 $ 0.94 $ 0.81
Weighted average shares used in computing earnings per common share:        
Basic (in shares) 294,928 287,365 291,177 208,470
Diluted (in shares) 297,407 290,794 293,622 210,850
Dividends declared per common share (in dollars per share) $ 0.62 $ 0.4486 $ 1.86 $ 1.725