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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental income   $ 354,723 $ 396,305 $ 657,566 $ 786,265
Total revenues 1,140,992 1,188,475 2,193,054 2,447,077
Expenses:        
Property operating expenses 642,657 660,764 1,259,983 1,342,545
Depreciation and amortization 240,885 265,371 485,311 540,172
Interest expense 122,341 126,357 245,483 268,364
General and administrative expenses 31,436 34,062 61,362 69,543
Loss (gain) on derivatives and financial instruments, net (359) 1,434 1,575 9,085
Loss (gain) on extinguishment of debt, net 55,612 249 50,969 249
Provision for loan losses 6,197 1,422 7,580 8,494
Impairment of assets 23,692 75,151 47,260 102,978
Other expenses 11,687 19,411 22,681 25,703
Total expenses 1,134,148 1,184,221 2,182,204 2,367,133
Income (loss) from continuing operations before income taxes and other items 6,844 4,254 10,850 79,944
Income tax (expense) benefit 2,221 (2,233) (1,722) (7,675)
Income (loss) from unconsolidated entities (7,976) 1,332 5,073 (2,360)
Gain (loss) on real estate dispositions, net 44,668 155,863 103,748 418,687
Income (loss) from continuing operations 45,757 159,216 117,949 488,596
Net income   45,757 159,216 117,949 488,596
Less: Net income (loss) attributable to noncontrolling interests [1] 19,500 (20,030) 20,146 (934)
Net income (loss) attributable to common stockholders $ 26,257 $ 179,246 $ 97,803 $ 489,530
Average number of common shares outstanding:        
Basic (in shares) 417,452 417,084 417,360 413,696
Diluted (in shares) 419,305 419,121 419,205 415,775
Basic:        
Income (loss) from continuing operations (in dollars per share) $ 0.11 $ 0.38 $ 0.28 $ 1.18
Net income (loss) attributable to common stockholders (in dollars per share) 0.06 0.43 0.23 1.18
Diluted:        
Income (loss) from continuing operations (in dollars per share) 0.11 0.38 0.28 1.18
Net income (loss) attributable to common stockholders (in dollars per share) [2] 0.06 0.42 0.23 1.17
Dividends declared and paid per common share (in dollars per share) $ 0.61 $ 0.61 $ 1.22 $ 1.48
Other comprehensive income (loss):        
Foreign currency translation gain (loss) $ 12,994 $ 13,015 $ 57,204 $ (252,562)
Derivative and financial instruments designated as hedges gain (loss) (9,808) (27,171) (29,845) 231,941
Total other comprehensive income (loss) 3,186 (14,156) 27,359 (20,621)
Total comprehensive income (loss) 48,943 145,060 145,308 467,975
Less: Total comprehensive income (loss) attributable to noncontrolling interests [1] 22,498 (13,543) 26,949 (16,856)
Total comprehensive income (loss) attributable to common stockholders 26,445 158,603 118,359 484,831
Resident fees and services        
Revenues:        
Revenue from contract with customer 740,891 769,560 1,464,355 1,619,532
Interest income        
Revenues:        
Revenue from contract with customer 38,448 16,069 58,027 31,310
Other income        
Revenues:        
Revenue from contract with customer $ 6,930 $ 6,541 $ 13,106 $ 9,970
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Includes adjustment to the numerator for income (loss) attributable to OP unitholders.