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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Rental and other income $ 454,517 $ 411,134 $ 894,273 $ 808,131
Management, development and other fees 2,942 2,672 5,553 5,750
Total revenue 457,459 413,806 899,826 813,881
Expenses:        
Operating expenses, excluding property taxes 112,069 101,059 224,845 199,601
Property taxes 45,913 42,439 93,089 86,924
Interest expense, net [1] 44,590 43,722 90,164 86,255
Gains (Losses) on Extinguishment of Debt (7,749) 412 (7,749) 412
Depreciation expense [1] 118,627 110,395 235,480 216,762
General and administrative expense 11,628 10,220 22,111 19,456
Expensed Acquisition, Development And Other Pursuit Costs, Net of Recoveries 673 2,017 1,860 2,732
Casualty and Impairment (Gain) Loss (17,114) 0 (11,326) 0
Total expenses 308,637 310,264 648,474 612,142
Equity in income of unconsolidated real estate entities 13,806 7,710 48,371 12,933
Gain on sale of real estate 9,625 0 9,647 0
Gain on sale of communities 0 60,945 70,936 60,945
Income (loss) from continuing operations 172,253 172,197 380,306 275,617
Discontinued operations:        
Income from discontinued operations 0 0 0 310
Gain on sale of discontinued operations 0 0 0 37,869
Total discontinued operations 0 0 0 38,179
Net income 172,253 172,197 380,306 313,796
Net loss (income) attributable to noncontrolling interests 71 (14,111) 163 (13,971)
Net income attributable to common stockholders 172,324 158,086 380,469 299,825
Other comprehensive income:        
Cash flow hedge losses reclassified to earnings 1,427 1,438 2,992 3,011
Comprehensive income $ 173,751 $ 159,524 $ 383,461 $ 302,836
Earnings per common share - basic:        
Income (loss) from continuing operations attributable to common stockholders (in dollars per share) $ 1.30 $ 1.22 $ 2.88 $ 2.02
Discontinued operations attributable to common stockholders (in dollars per share) 0.00 0.00 0.00 0.29
Net income attributable to common stockholders (in dollars per share) 1.30 1.22 2.88 2.31
Earnings per common share - diluted:        
Income (loss) from continuing operations attributable to common stockholders (in dollars per share) 1.29 1.21 2.86 2.02
Discontinued operations attributable to common stockholders (in dollars per share) 0.00 0.00 0.00 0.29
Net income attributable to common stockholders (in dollars per share) 1.29 1.21 2.86 2.31
Dividends per common share: (in dollars per share) $ 1.25 $ 1.16 $ 2.50 $ 2.32
[1] Includes amounts associated with assets sold or held for sale, not classified as discontinued operations.