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Consolidated Statements of Income (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Rental income $ 1,074,567,000 $ 815,564,000 $ 470,265,000
Resident fees and services 697,494,000 456,085,000 51,006,000
Interest income 39,065,000 41,070,000 40,855,000
Other income 5,271,000 11,295,000 7,245,000
Total revenues 1,816,397,000 1,324,014,000 569,371,000
Expenses:      
Interest expense 364,737,000 294,105,000 130,788,000
Property operating expenses 570,861,000 377,797,000 77,778,000
Depreciation and amortization 510,385,000 390,151,000 161,542,000
General and administrative 97,341,000 77,201,000 54,626,000
Transaction costs 61,609,000 70,224,000 46,660,000
Loss (gain) on derivatives, net 1,825,000 0 0
Loss (gain) on extinguishment of debt, net (775,000) (979,000) 34,171,000
Provision for loan losses 27,008,000 2,010,000 29,684,000
Total expenses 1,629,341,000 1,210,509,000 535,249,000
Income from continuing operations before income taxes and income from unconsolidated entities 187,056,000 113,505,000 34,122,000
Income tax (expense) benefit (7,612,000) (1,388,000) (364,000)
Income from unconsolidated entities 2,482,000 5,772,000 6,673,000
Income from continuing operations 181,926,000 117,889,000 40,431,000
Discontinued operations:      
Gain (loss) on sales of properties, net 100,549,000 61,160,000 36,115,000
Impairment of assets (29,287,000) (12,194,000) (947,000)
Income (loss) from discontinued operations, net 41,652,000 45,861,000 53,285,000
Discontinued operations, net 112,914,000 94,827,000 88,453,000
Net income 294,840,000 212,716,000 128,884,000
Less: Preferred stock dividends 69,129,000 60,502,000 21,645,000
Less: Preferred stock redemption charge 6,242,000 0 0
Net Income Loss Attributable To Noncontrolling Interest (2,415,000) [1] (4,894,000) [1] 357,000 [1]
Net income attributable to common stockholders $ 221,884,000 $ 157,108,000 $ 106,882,000
Average number of common shares outstanding:      
Basic 224,343,000 173,741,000 127,656,000
Diluted 225,953,000 174,401,000 128,208,000
Basic:      
Income from continuing operations attributable to common stockholders $ 0.49 $ 0.36 $ 0.14
Discontinued operations, net $ 0.5 $ 0.55 $ 0.69
Basic earnings per share $ 0.99 $ 0.9 $ 0.84
Diluted:      
Income from continuing operations attributable to common stockholders $ 0.48 $ 0.36 $ 0.14
Discontinued operations, net $ 0.5 $ 0.54 $ 0.69
Diluted earnings per share $ 0.98 $ 0.9 $ 0.83
[1]

Includes amounts attributable to redeemable noncontrolling interests