XML 17 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 1,236,379 $ 1,091,483 $ 3,459,256 $ 3,212,383
Expenses:        
Interest expense 138,032 122,578 382,223 357,405
Property operating expenses 657,157 523,997 1,782,373 1,536,021
Depreciation and amortization 243,149 230,138 707,625 683,262
General and administrative 28,746 29,913 95,282 93,643
Loss (gain) on derivatives and financial instruments, net 8,991 324 (5,642) 2,284
Loss (gain) on extinguishment of debt, net 4,038 0 16,044 36,870
Impairment of assets 6,740 0 39,557 24,662
Other expenses 88,626 99,595 102,396 117,608
Total expenses 1,175,479 1,006,545 3,119,858 2,851,755
Income (loss) from continuing operations before income taxes and income from unconsolidated entities, total 60,900 84,938 339,398 360,628
Income tax (expense) benefit (1,741) (669) (7,170) 5,535
Income (loss) from unconsolidated entities 344 3,408 (836) (23,676)
Income from continuing operations 59,503 87,677 331,392 342,487
Gain (loss) on real estate dispositions, net 24,723 1,622 373,662 287,869
Net income 84,226 89,299 705,054 630,356
Less: Preferred stock dividends 11,676 11,676 35,028 37,734
Less: Preferred stock redemption charge 0 0 0 9,769
Less: Net income (loss) attributable to noncontrolling interests [1] 8,166 3,580 13,539 7,735
Net income (loss) attributable to common stockholders $ 64,384 $ 74,043 $ 656,487 $ 575,118
Average number of common shares outstanding:        
Basic (in shares) 373,023,000 369,089,000 372,052,000 366,096,000
Diluted (in shares) 374,487,000 370,740,000 373,638,000 367,894,000
Basic:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions (in USD per share) $ 0.16 $ 0.24 $ 0.89 $ 0.94
Net income (loss) attributable to common stockholders, total (in USD per share) 0.17 0.20 1.76 1.57
Diluted:        
Income (loss) from continuing operations attributable to common stockholders, including real estate dispositions (in USD per share) 0.16 0.24 0.89 0.93
Net income (loss) attributable to common stockholders, total (in USD per share) 0.17 0.20 1.76 1.56
Dividends declared and paid per common share (in USD per share) $ 0.87 $ 0.87 $ 2.6100 $ 2.6100
Rental income        
Revenues:        
Total revenues $ 342,887 $ 362,880 $ 1,019,857 $ 1,085,621
Resident fees and services        
Revenues:        
Total revenues 875,171 702,380 2,374,450 2,049,757
Interest income        
Revenues:        
Total revenues 14,622 20,187 42,732 61,836
Other income        
Revenues:        
Total revenues $ 3,699 $ 6,036 $ 22,217 $ 15,169
[1] Includes amounts attributable to redeemable noncontrolling interests.