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Consolidated Statements of Income (Unaudited) (USD $)
Share data in Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Rental income$ 249,994,000$ 144,924,000$ 656,843,000$ 419,685,000
Resident fees and services125,125,00012,809,000319,559,00012,809,000
Interest income7,858,00010,054,00032,433,00028,437,000
Other income1,809,0001,156,0009,974,0004,802,000
Total revenues384,786,000168,943,0001,018,809,000465,733,000
Expenses:    
Interest expense87,795,00042,935,000230,143,000106,338,000
Property operating expenses103,855,00020,327,000267,981,00044,089,000
Depreciation and amortization115,640,00048,963,000298,826,000133,004,000
Transaction costs6,739,00021,235,00056,542,00029,701,000
General and administrative19,735,00011,628,00057,009,00040,331,000
Loss (gain) on extinguishment of debt 9,099,000034,171,000
Provision for loan losses132,00028,918,000547,00028,918,000
Total expenses333,896,000183,105,000911,048,000416,552,000
Income (loss) from continuing operations before income taxes and income from unconsolidated joint ventures50,890,000(14,162,000)107,761,00049,181,000
Income tax (expense) benefit(223,000)(52,000)(563,000)(325,000)
Income from unconsolidated joint ventures1,642,0001,899,0004,156,0004,496,000
Income (loss) from continuing operations52,309,000(12,315,000)111,354,00053,352,000
Discontinued operations:    
Gain (loss) on sales of properties185,00010,526,00056,565,00020,559,000
Impairment of assets (947,000)(202,000)(947,000)
Income (loss) from discontinued operations, net(141,000)2,830,0002,656,0009,886,000
Discontinued operations, net44,00012,409,00059,019,00029,498,000
Net income52,353,00094,000170,373,00082,850,000
Less: Preferred stock dividends17,234,0005,347,00043,268,00016,340,000
Less: Net income (loss) attributable to noncontrolling interests(1,488,000)[1](690,000)[1](2,721,000)[1](383,000)[1]
Net income (loss) attributable to common stockholders$ 36,607,000$ (4,563,000)$ 129,826,000$ 66,893,000
Average number of common shares outstanding:    
Basic177,272125,298169,636124,132
Diluted177,849125,298170,301124,660
Basic:    
Income (loss ) from continuing operations attributable to common stockholders$ 0.21$ (0.14)$ 0.42$ 0.30
Discontinued operations, net$ 0.00$ 0.10$ 0.35$ 0.24
Net income (loss) attributable to common stockholders$ 0.21[2]$ (0.04)[2]$ 0.77[2]$ 0.54[2]
Diluted:    
Income (loss) from continuing operations attributable to common stockholders$ 0.21$ (0.14)$ 0.42$ 0.30
Discontinued operations, net$ 0.00$ 0.10$ 0.35$ 0.24
Net income (loss) attributable to common stockholders$ 0.21[2]$ (0.04)[2]$ 0.76[2]$ 0.54[2]
Dividends declared and paid per common share$ 0.715$ 0.69$ 2.12$ 2.05
[1]Includes amounts attributable to redeemable noncontrolling interests.
[2]Amounts may not sum due to rounding