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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Rental income $ 1,080,269 $ 821,610 $ 479,465
Resident fees and services 697,494 456,085 51,006
Interest income 39,065 41,070 40,855
Other income 5,271 11,295 7,245
Total revenues 1,822,099 1,330,060 578,571
Expenses:      
Interest expense 367,083 297,373 133,978
Property operating expenses 570,117 377,739 77,787
Depreciation and amortization 515,888 393,882 165,165
General and administrative 97,341 77,201 54,626
Transaction costs 61,609 70,224 46,660
Loss (gain) on derivatives, net 1,825 0 0
Loss (gain) on extinguishment of debt, net (775) (979) 34,171
Provision for loan losses 27,008 2,010 29,684
Total expenses 1,636,446 1,217,450 542,071
Income from continuing operations before income taxes and income from unconsolidated entities 185,653 112,610 36,500
Income tax (expense) benefit (7,612) (1,388) (364)
Income from unconsolidated entities 2,482 5,772 6,673
Income from continuing operations 180,523 116,994 42,809
Discontinued operations:      
Gain (loss) on sales of properties, net 100,549 61,160 36,115
Impairment of assets (29,287) (12,194) (947)
Income (loss) from discontinued operations, net 43,055 46,756 50,907
Discontinued operations, net 114,317 95,722 86,075
Net income 294,840 212,716 128,884
Less: Preferred stock dividends 69,129 60,502 21,645
Less: Preferred stock redemption charge 6,242 0 0
Net Income Loss Attributable To Noncontrolling Interest (2,415) [1] (4,894) [1] 357 [1]
Net income attributable to common stockholders $ 221,884 $ 157,108 $ 106,882
Average number of common shares outstanding:      
Basic 224,343 173,741 127,656
Diluted 225,953 174,401 128,208
Basic:      
Income from continuing operations attributable to common stockholders $ 0.48 $ 0.35 $ 0.16
Discontinued operations, net $ 0.51 $ 0.55 $ 0.67
Basic earnings per share $ 0.99 $ 0.90 $ 0.84
Diluted:      
Income from continuing operations attributable to common stockholders $ 0.48 $ 0.35 $ 0.16
Discontinued operations, net $ 0.51 $ 0.55 $ 0.67
Diluted earnings per share $ 0.98 $ 0.90 $ 0.83
[1] Includes amounts attributable to redeemable noncontrolling interests