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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental income   $ 396,305 $ 385,586 $ 786,265 $ 766,670
Total revenues 1,188,475 1,320,106 2,447,077 2,592,351
Expenses:        
Property operating expenses 660,764 701,127 1,342,545 1,371,934
Depreciation and amortization 265,371 248,052 540,172 491,984
Interest expense 126,357 141,336 268,364 286,568
General and administrative expenses 34,062 33,741 69,543 69,023
Loss (gain) on derivatives and financial instruments, net 1,434 1,913 9,085 (574)
Loss (gain) on extinguishment of debt, net 249 0 249 15,719
Provision for loan losses 1,422 0 8,494 18,690
Impairment of assets 75,151 9,939 102,978 9,939
Other expenses 19,411 21,628 25,703 30,384
Total expenses 1,184,221 1,157,736 2,367,133 2,293,667
Income (loss) from continuing operations before income taxes and other items 4,254 162,370 79,944 298,684
Income tax (expense) benefit (2,233) (1,599) (7,675) (3,821)
Income (loss) from unconsolidated entities 1,332 (9,049) (2,360) (18,248)
Gain (loss) on real estate dispositions, net 155,863 (1,682) 418,687 165,727
Income (loss) from continuing operations 159,216 150,040 488,596 442,342
Net income (loss) 159,216 150,040 488,596 442,342
Less: Net income (loss) attributable to noncontrolling interests [1] (20,030) 12,278 (934) 24,110
Net income (loss) attributable to common stockholders $ 179,246 $ 137,762 $ 489,530 $ 418,232
Average number of common shares outstanding:        
Basic (in shares) 417,084 404,607 413,696 398,073
Diluted (in shares) 419,121 406,673 415,775 400,096
Basic:        
Income (loss) from continuing operations (in USD per share) $ 0.38 $ 0.37 $ 1.18 $ 1.11
Net income (loss) attributable to common stockholders (in dollars per share) 0.43 0.34 1.18 1.05
Diluted:        
Income (loss) from continuing operations (in USD per share) 0.38 0.37 1.18 1.11
Net income (loss) attributable to common stockholders (in dollars per share) [2] 0.42 0.34 1.17 1.05
Dividends declared and paid per common share (in dollars per share) $ 0.61 $ 0.87 $ 1.48 $ 1.74
Net income   $ 159,216 $ 150,040 $ 488,596 $ 442,342
Other comprehensive income (loss):        
Foreign currency translation gain (loss) 13,015 (54,024) (252,562) 24,596
Gain (loss) on derivative and financial instruments designated as hedges recognized in OCI (27,171) 100,407 231,941 12,725
Total other comprehensive income (loss) (14,156) 46,383 (20,621) 37,321
Total comprehensive income (loss) 145,060 196,423 467,975 479,663
Less: Total comprehensive income (loss) attributable to noncontrolling interests [1] (13,543) 14,665 (16,856) 32,284
Total comprehensive income (loss) attributable to common stockholders 158,603 181,758 484,831 447,379
Resident fees and services        
Revenues:        
Revenue from contract with customer 769,560 914,085 1,619,532 1,782,370
Interest income        
Revenues:        
Revenue from contract with customer 16,069 17,356 31,310 32,475
Other income        
Revenues:        
Revenue from contract with customer $ 6,541 $ 3,079 $ 9,970 $ 10,836
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Includes adjustment to the numerator for income (loss) attributable to OP unitholders.