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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental income $ 355,599 $ 422,628 $ 722,741 $ 838,290
Resident fees and services 677,040 615,220 1,347,377 1,217,369
Interest income 20,901 24,007 41,649 49,195
Other income 5,062 14,802 9,133 18,851
Total revenues 1,058,602 1,076,657 2,120,900 2,123,705
Expenses:        
Interest expense 116,231 132,326 234,827 265,285
Property operating expenses 501,855 458,832 1,012,024 908,468
Depreciation and amortization 224,847 226,569 453,124 455,265
General and administrative 32,632 39,914 63,733 85,606
Transaction costs 0 5,157 0 13,365
Loss (gain) on derivatives, net 736 0 1,960 0
Loss (gain) on extinguishment of debt, net 5,515 33 36,870 9
Impairment of Asset 13,631 0 24,662 14,314
Other expenses 6,339 3,161 18,014 3,161
Total expenses 901,786 865,992 1,845,214 1,745,473
Income (loss) from continuing operations before income taxes and income from unconsolidated entities, total 156,816 210,665 275,686 378,232
Income tax expense 8,448 513 6,203 2,239
(Loss) income from unconsolidated entities (3,978) (1,959) (27,084) (5,778)
Income from continuing operations 161,286 209,219 254,805 374,693
Gain (loss) on real estate dispositions, net 42,155 1,530 286,247 1,530
Net income 203,441 210,749 541,052 376,223
Less: Preferred stock dividends 11,680 16,352 26,059 32,703
Preferred stock redemption charge 0 0 9,769 0
Less: Net income (loss) attributable to noncontrolling interests 3,332 (1,077) 4,156 (924)
Net income (loss) attributable to common stockholders $ 188,429 $ 195,474 $ 501,068 $ 344,444
Average number of common shares outstanding:        
Basic 366,524 356,646 364,551 355,879
Diluted 368,149 358,891 366,423 357,489
Basic:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions $ 0.51 $ 0.55 $ 1.37 $ 0.97
Net income (loss) attributable to common stockholders, total 0.51 0.55 1.37 0.97
Diluted:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions 0.51 0.54 1.37 0.96
Net income (loss) attributable to common stockholders, total 0.51 0.54 1.37 0.96
Dividends declared and paid per common share $ 0.87 $ 0.86 $ 1.74 $ 1.72