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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental income $ 362,880 $ 421,152 $ 1,085,621 $ 1,259,442
Resident fees and services 702,380 630,017 2,049,757 1,847,386
Interest income 20,187 25,080 61,836 74,275
Other income 6,036 2,884 15,169 21,735
Total revenues 1,091,483 1,079,133 3,212,383 3,202,838
Expenses:        
Interest expense 122,578 129,699 357,405 394,985
Property operating expenses 523,997 473,680 1,536,021 1,382,148
Depreciation and amortization 230,138 218,061 683,262 673,326
General and administrative 29,913 36,828 93,643 122,434
Transaction costs 0 19,842 0 33,207
Loss (gain) on derivatives, net 324 (2,516) 2,284 (2,516)
Loss (gain) on extinguishment of debt, net 0 0 36,870 9
Impairment of Asset 0 9,705 24,662 24,019
Other expenses 99,595 0 117,608 3,161
Total expenses 1,006,545 885,299 2,851,755 2,630,773
Income (loss) from continuing operations before income taxes and income from unconsolidated entities, total 84,938 193,834 360,628 572,065
Income tax expense (669) 305 5,535 2,543
(Loss) income from unconsolidated entities 3,408 (1,749) (23,676) (7,528)
Income from continuing operations 87,677 192,390 342,487 567,080
Gain (loss) on real estate dispositions, net 1,622 162,351 287,869 163,881
Net income 89,299 354,741 630,356 730,961
Less: Preferred stock dividends 11,676 16,352 37,734 49,055
Preferred stock redemption charge 0 0 9,769 0
Less: Net income (loss) attributable to noncontrolling interests 3,580 3,479 7,735 2,553
Net income (loss) attributable to common stockholders $ 74,043 $ 334,910 $ 575,118 $ 679,353
Average number of common shares outstanding:        
Basic 369,089 358,932 366,096 356,911
Diluted 370,740 361,237 367,894 358,752
Basic:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions $ 0.2 $ 0.93 $ 1.57 $ 1.9
Net income (loss) attributable to common stockholders, total 0.2 0.93 1.57 1.9
Diluted:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions 0.2 0.93 1.56 1.89
Net income (loss) attributable to common stockholders, total 0.2 0.93 1.56 1.89
Dividends declared and paid per common share $ 0.87 $ 0.86 $ 2.61 $ 2.58