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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Revenues from rental properties $ 1,144,474 $ 958,888 $ 825,210
Management and other fee income 22,295 35,009 36,317
Total revenues 1,166,769 993,897 861,527
Operating expenses      
Rent 12,347 14,250 13,347
Real estate taxes 147,150 124,670 108,746
Operating and maintenance 144,980 119,697 99,405
General and administrative expenses 122,735 122,201 127,470
Provision for doubtful accounts 6,075 4,882 6,133
Impairment charges 45,464 217,858 190,218
Depreciation and amortization 344,527 258,074 224,713
Total operating expenses 823,197 683,582 612,061
Operating income 343,572 310,315 249,466
Other income/(expense)      
Mortgage financing income 2,940 3,129 4,304
Interest, dividends and other investment income 39,061 966 16,847
Other income/(expense), net 2,234 (8,544) 1,195
Interest expense (218,891) (203,759) (212,240)
Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments 168,916 102,107 59,572
Provision for income taxes, net (60,230) (22,438) (32,654)
Equity in income of equity method investments, net 480,395 159,560 208,689
Income from continuing operations 774,405 384,506 288,454
Gain on change in control of interests, net 149,234 107,235 21,711
Discontinued operations      
(Loss)/income from discontinued operating properties, net of tax (15) 36,780 50,610
Impairment/loss on operating properties, net of tax (60) (176,315) (143,057)
Gain on disposition of operating properties, net of tax   190,520 43,914
(Loss)/income from discontinued operations (75) 50,985 (48,533)
Gain on sale of operating properties, net, net of tax 125,813 389 1,432
Net income 900,143 435,880 241,353
Net income attributable to noncontrolling interests (6,028) (11,879) (5,072)
Net income attributable to the Company 894,115 424,001 236,281
Preferred stock redemption costs (5,816)    
Preferred dividends (57,084) (58,294) (58,294)
Net income available to the Company's common shareholders $ 831,215 $ 365,707 $ 177,987
Income from continuing operations:      
-Basic (in Dollars per share) $ 2.01 $ 0.77 $ 0.53
-Diluted (in Dollars per share) 2.00 0.77 0.53
Net income attributable to the Company:      
-Basic (in Dollars per share) 2.01 0.89 0.43
-Diluted (in Dollars per share) $ 2.00 $ 0.89 $ 0.43
Weighted average shares:      
-Basic (in Shares) 411,319 409,088 407,631
-Diluted (in Shares) 412,851 411,038 408,614
Amounts available to the Company's common shareholders:      
Income from continuing operations $ 831,290 $ 316,839 $ 218,590
(Loss)/income from discontinued operations (75) 48,868 (40,603)
Joint Ventures [Member]      
Other income/(expense)      
Equity in income of equity method investments, net 480,395 159,560 208,689
Other Real Estate Investments [Member]      
Other income/(expense)      
Equity in income of equity method investments, net 36,090 38,042 31,136
Continuing Operations [Member]      
Operating expenses      
Impairment charges $ 45,383 $ 39,808 $ 32,247