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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Rental income $ 296,834 $ 249,995
Resident fees and services 327,324 158,174
Interest income 9,057 8,141
Other income 700 1,686
Total revenues 633,915 417,996
Expenses:    
Interest expense 110,289 88,814
Property operating expenses 253,354 128,801
Depreciation and amortization 187,099 120,907
General and administrative 27,179 27,751
Transaction costs 65,980 5,579
Loss (gain) on derivatives, net 2,309 555
Loss (gain) on extinguishment of debt, net (308) 0
Provision for loan losses 0 0
Total expenses 645,902 372,407
Income (loss) from continuing operations before income taxes and income from unconsolidated entities (11,987) 45,589
Income tax (expense) benefit (2,763) (1,470)
Income from unconsolidated entities 2,262 1,532
Income (loss) from continuing operations (12,488) 45,651
Discontinued operations:    
Gain (loss) on sales of properties, net 82,492 769
Impairment of assets 0 0
Income (loss) from discontinued operations, net 1,795 11,038
Discontinued operations, net 84,287 11,807
Net income 71,799 57,458
Less: Preferred stock dividends 16,602 19,207
Less: Preferred stock redemption charge 0 0
Less: Net income (loss) attributable to noncontrolling interests 139 [1] (1,056) [1]
Net income (loss) attributable to common stockholders 55,058 39,307
Average number of common shares outstanding:    
Basic 260,036 199,661
Diluted 260,036 201,658
Basic:    
Income (loss ) from continuing operations attributable to common stockholders $ (0.11) $ 0.14
Discontinued operations, net $ 0.32 $ 0.06
Net income (loss) attributable to common stockholders $ 0.21 [2] $ 0.20 [2]
Diluted:    
Income (loss) from continuing operations attributable to common stockholders $ (0.11) $ 0.14
Discontinued operations, net $ 0.32 $ 0.06
Net income (loss) attributable to common stockholders $ 0.21 [2] $ 0.19 [2]
Dividends declared and paid per common share $ 0.765 $ 0.740
Total comprehensive income (loss) $ 49,736 $ 57,744
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Amounts may not sum due to rounding