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Consolidated Statements of Income (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Rental income $ 336,455,000 $ 292,643,000
Resident fees and services 456,265,000 327,324,000
Interest income 8,594,000 9,057,000
Other income 493,000 700,000
Total revenues 801,807,000 629,724,000
Expenses:    
Interest expense 120,833,000 108,838,000
Property operating expenses 341,431,000 252,823,000
Depreciation and amortization 233,318,000 184,688,000
General and administrative 32,865,000 27,179,000
Transaction costs 952,000 65,980,000
Loss (gain) on derivatives, net 0 2,309,000
Loss (gain) on extinguishment of debt, net (148,000) (308,000)
Total expenses 729,251,000 641,509,000
Income (loss) from continuing operations before income taxes and income from unconsolidated entities 72,556,000 (11,785,000)
Income tax (expense) benefit (2,260,000) (2,763,000)
Income (loss) from unconsolidated entities (5,556,000) 2,262,000
Income (loss) from continuing operations 64,740,000 (12,286,000)
Discontinued operations:    
Gain (loss) on sales of properties, net 0 82,492,000
Income (loss) from discontinued operations, net 460,000 1,593,000
Discontinued operations, net 460,000 84,085,000
Net income 65,200,000 71,799,000
Less: Preferred stock dividends 16,353,000 16,602,000
Less: Preferred stock redemption charge 0 0
Less: Net income (loss) attributable to noncontrolling interests (1,175,000) 139,000
Net income (loss) attributable to common stockholders $ 50,022,000 $ 55,058,000
Average number of common shares outstanding:    
Basic 289,606 260,036
Diluted 290,917 260,036
Basic:    
Income (loss) from continuing operations attributable to common stockholders $ 0.17 $ (0.11)
Discontinued operations, net $ 0 $ 0.32
Net income (loss) attributable to common stockholders $ 0.17 $ 0.21
Diluted:    
Income (loss) from continuing operations attributable to common stockholders $ 0.17 $ (0.11)
Discontinued operations, net $ 0 $ 0.32
Net income (loss) attributable to common stockholders $ 0.17 $ 0.21
Dividends declared and paid per common share $ 0.795 $ 0.765