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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 $ 1,076,250 $ 817,220 $ 476,594
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 1,818,080 1,325,670 575,700
Expenses:      
Interest expense 365,712 295,797 132,408
Property operating expenses 570,117 377,739 77,787
Depreciation and amortization 514,271 392,267 163,556
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 1,633,458 1,214,259 538,892
Income from continuing operations before income taxes and income from unconsolidated entities 184,622 111,411 36,808
Income tax (expense) benefit (7,612) (1,388) (364)
Income from unconsolidated entities 2,482 5,772 6,673
Income from continuing operations 179,492 115,795 43,117
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 44,086 47,955 50,599
Discontinued operations, net 115,348 96,921 85,767
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 $ 0.47 $ 0.35 $ 0.17
Discontinued operations, net $ 0.51 $ 0.56 $ 0.67
Basic earnings per share $ 0.99 $ 0.90 $ 0.84
Diluted:      
Income from continuing operations attributable to common stockholders $ 0.47 $ 0.35 $ 0.16
Discontinued operations, net $ 0.51 $ 0.56 $ 0.67
Diluted earnings per share $ 0.98 $ 0.90 $ 0.83
[1] Includes amounts attributable to redeemable noncontrolling interests