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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental income $ 347,847,000 $ 298,873,000 $ 684,303,000 $ 591,516,000
Resident fees and services 467,639,000 370,995,000 923,904,000 698,319,000
Interest income 8,933,000 7,640,000 17,527,000 16,696,000
Other income 2,027,000 1,025,000 2,520,000 1,725,000
Total revenues 826,446,000 678,533,000 1,628,254,000 1,308,256,000
Expenses:        
Interest expense 121,065,000 109,465,000 241,898,000 218,303,000
Property operating expenses 343,754,000 277,958,000 685,185,000 530,780,000
Depreciation and amortization 214,449,000 198,062,000 447,766,000 382,750,000
General and administrative 51,660,000 23,902,000 84,524,000 51,081,000
Transaction costs 7,040,000 28,136,000 7,993,000 94,116,000
Loss (gain) on derivatives, net 351,000 (2,716,000) 351,000 (407,000)
Loss (gain) on extinguishment of debt, net 531,000 0 383,000 (308,000)
Total expenses 738,850,000 634,807,000 1,468,100,000 1,276,315,000
Income (loss) from continuing operations before income taxes and income from unconsolidated entities, total 87,596,000 43,726,000 160,154,000 31,941,000
Income tax (expense) benefit (1,569,000) (1,215,000) (3,830,000) (3,978,000)
Income (loss) from unconsolidated entities (11,516,000) (5,461,000) (17,073,000) (3,198,000)
Income (loss) from continuing operations 74,511,000 37,050,000 139,251,000 24,765,000
Discontinued operations:        
Gain (loss) on sales of discontinued properties, net 6,411,000 (29,997,000) 6,411,000 52,495,000
Income (loss) from discontinued operations, net 264,000 128,000 724,000 1,720,000
Discontinued operations, net 6,675,000 (29,869,000) 7,135,000 54,215,000
Gain (loss) on real estate dispositions, net 6,668,000 0 6,668,000 0
Net income 87,854,000 7,181,000 153,054,000 78,980,000
Less: Preferred stock dividends 16,352,000 16,602,000 32,705,000 33,203,000
Less: Net income (loss) attributable to noncontrolling interests (327,000) [1] (913,000) [1] (1,502,000) [1] (774,000) [1]
Net income (loss) attributable to common stockholders $ 71,829,000 $ (8,508,000) $ 121,851,000 $ 46,551,000
Average number of common shares outstanding:        
Basic 296,256,000 273,091,000 293,046,000 266,602,000
Diluted 297,995,000 276,481,000 294,590,000 266,602,000
Basic:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions $ 0.22 $ 0.08 $ 0.39 $ (0.03)
Discontinued operations, net $ 0.02 $ (0.11) $ 0.02 $ 0.2
Net income (loss) attributable to common stockholders, total $ 0.24 $ (0.03) $ 0.42 $ 0.17
Diluted:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions $ 0.22 $ 0.08 $ 0.39 $ (0.03)
Discontinued operations, net $ 0.02 $ (0.11) $ 0.02 $ 0.2
Net income (loss) attributable to common stockholders, total $ 0.24 $ (0.03) $ 0.41 $ 0.17
Dividends declared and paid per common share $ 0.795 $ 0.765 $ 1.59 $ 1.53
[1]
(1) Includes amounts attributable to redeemable noncontrolling interests.