XML 48 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Comprehensive Income (Unaudited) (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
Revenues:        
Rental income $ 290,225 $ 235,938 $ 826,627 $ 615,219
Resident fees and services 174,464 125,125 498,295 319,559
Interest income 8,111 7,858 24,131 32,433
Other income 1,339 1,809 4,505 9,974
Total revenues 474,139 370,730 1,353,558 977,185
Expenses:        
Interest expense 94,580 84,429 280,058 220,527
Property operating expenses 144,479 103,127 409,606 266,081
Depreciation and amortization 132,150 111,582 387,053 286,623
General and administrative 23,679 19,735 77,302 57,009
Transaction costs 8,264 6,739 42,535 56,542
Loss (gain) on derivatives, net 409 0 (1,712) 0
Loss (gain) on extinguishment of debt, net 215 0 791 0
Provision for loan losses 27,008 132 27,008 547
Total expenses 430,784 325,744 1,222,641 887,329
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 43,355 44,986 130,917 89,856
Income tax (expense) benefit (836) (223) (3,754) (563)
Income from unconsolidated entities (739) 1,642 2,250 4,156
Income (loss) from continuing operations 41,780 46,405 129,413 93,449
Discontinued operations:        
Gain (loss) on sales of properties, net 12,827 185 46,046 56,565
Impairment of assets (6,952) 0 (6,952) (202)
Income (loss) from discontinued operations, net 5,851 5,763 19,329 20,561
Discontinued operations, net 11,726 5,948 58,423 76,924
Net income 53,506 52,353 187,836 170,373
Less: Preferred stock dividends 16,602 17,234 52,527 43,268
Less: Preferred stock redemption charge 0 0 6,242 0
Less: Net income (loss) attributable to noncontrolling interests (365) [1] (1,488) [1] (2,241) [1] (2,721) [1]
Net income (loss) attributable to common stockholders 37,269 36,607 131,308 129,826
Average number of common shares outstanding:        
Basic 224,391 177,272 212,592 169,636
Diluted 226,258 177,849 214,075 170,301
Basic:        
Income (loss ) from continuing operations attributable to common stockholders $ 0.11 $ 0.17 $ 0.34 $ 0.31
Discontinued operations, net $ 0.05 $ 0.03 $ 0.27 $ 0.45
Net income (loss) attributable to common stockholders $ 0.17 [2] $ 0.21 [2] $ 0.62 [2] $ 0.77 [2]
Diluted:        
Income (loss) from continuing operations attributable to common stockholders $ 0.11 $ 0.17 $ 0.34 $ 0.31
Discontinued operations, net $ 0.05 $ 0.03 $ 0.27 $ 0.45
Net income (loss) attributable to common stockholders $ 0.16 [2] $ 0.21 [2] $ 0.61 [2] $ 0.76 [2]
Dividends declared and paid per common share $ 0.74 $ 0.715 $ 2.22 $ 2.12
Total comprehensive income (loss) attributable to stockholders $ 56,664 $ 52,144 $ 189,332 $ 171,118
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Amounts may not sum due to rounding