|
Condensed Consolidating Information (Details 2) (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
12 Months Ended |
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rental income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,194,060 |
$ 803,455 |
$ 523,339 |
| Resident fees and services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,229,479 |
868,095 |
446,301 |
| Medical office building and other services revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,741 |
36,471 |
14,098 |
| Income from loans and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,913 |
34,415 |
16,412 |
| Equity earnings in affiliates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Interest and other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,106 |
1,217 |
484 |
| Total revenues |
660,711 |
[1] |
641,520 |
[1] |
614,502 |
[1] |
568,566 |
[1] |
563,145 |
[2] |
554,691 |
[2] |
359,421 |
[2] |
266,396 |
[2] |
2,485,299 |
1,743,653 |
1,000,634 |
| Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
293,401 |
229,346 |
172,474 |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
725,981 |
447,664 |
200,682 |
| Property-level operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
969,342 |
647,193 |
315,953 |
| Medical office building services costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,883 |
27,082 |
9,518 |
| General, administrative and professional fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
98,801 |
74,537 |
49,830 |
| Loss on extinguishment of debt, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,640 |
27,604 |
9,791 |
| Litigation proceeds, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
(202,259) |
0 |
| Merger-related expenses and deal costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63,183 |
153,923 |
19,243 |
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,956 |
7,270 |
272 |
| Total expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,205,187 |
1,412,360 |
777,763 |
| Income from continuing operations before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
280,112 |
331,293 |
222,871 |
| Income (loss) from unconsolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,154 |
(52) |
(664) |
| Income tax benefit (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,282 |
30,660 |
(5,201) |
| Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
304,548 |
361,901 |
217,006 |
| Discontinued operations |
(11,725) |
[1] |
(4,093) |
[1] |
30,529 |
[1] |
42,516 |
[1] |
(605) |
[2] |
(306) |
[2] |
1,226 |
[2] |
1,045 |
[2] |
57,227 |
1,360 |
32,723 |
| Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
361,775 |
363,261 |
249,729 |
| Net (loss) income attributable to noncontrolling interest, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,025) |
(1,232) |
3,562 |
| Net income attributable to common stockholders |
86,267 |
|
111,882 |
|
74,025 |
|
90,626 |
|
192,948 |
|
102,885 |
|
19,676 |
|
48,984 |
|
362,800 |
364,493 |
246,167 |
|
Ventas, Inc.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rental income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,538 |
2,471 |
2,409 |
| Resident fees and services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Medical office building and other services revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income from loans and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,944 |
6,305 |
5,666 |
| Equity earnings in affiliates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
322,582 |
231,773 |
258,441 |
| Interest and other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
476 |
208 |
332 |
| Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
328,540 |
240,757 |
266,848 |
| Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3,858) |
(1,897) |
1,758 |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,777 |
1,714 |
1,635 |
| Property-level operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Medical office building services costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| General, administrative and professional fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,682 |
(5,328) |
(2,549) |
| Loss on extinguishment of debt, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
2,071 |
0 |
| Litigation proceeds, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(202,259) |
|
| Merger-related expenses and deal costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,120 |
111,845 |
14,291 |
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
79 |
778 |
219 |
| Total expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55,800 |
(93,076) |
15,354 |
| Income from continuing operations before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
272,740 |
333,833 |
251,494 |
| Income (loss) from unconsolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income tax benefit (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,282 |
30,660 |
(5,201) |
| Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
279,022 |
364,493 |
246,293 |
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
83,778 |
0 |
(126) |
| Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
362,800 |
364,493 |
246,167 |
| Net (loss) income attributable to noncontrolling interest, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Net income attributable to common stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
362,800 |
364,493 |
246,167 |
|
Ventas Issuers
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rental income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
278,367 |
270,745 |
264,250 |
| Resident fees and services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Medical office building and other services revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income from loans and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,630 |
8,570 |
7,789 |
| Equity earnings in affiliates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Interest and other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25 |
57 |
83 |
| Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
280,022 |
279,372 |
272,122 |
| Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
93,838 |
68,153 |
47,246 |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,608 |
31,752 |
32,771 |
| Property-level operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
535 |
510 |
519 |
| Medical office building services costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| General, administrative and professional fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,317 |
29,336 |
21,618 |
| Loss on extinguishment of debt, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,737 |
8,769 |
8,993 |
| Litigation proceeds, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
| Merger-related expenses and deal costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Total expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
201,035 |
138,520 |
111,147 |
| Income from continuing operations before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
78,987 |
140,852 |
160,975 |
| Income (loss) from unconsolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,557 |
(52) |
(664) |
| Income tax benefit (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80,544 |
140,800 |
160,311 |
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,296 |
3,881 |
31,088 |
| Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
82,840 |
144,681 |
191,399 |
| Net (loss) income attributable to noncontrolling interest, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Net income attributable to common stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
82,840 |
144,681 |
191,399 |
|
Ventas Subsidiaries
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rental income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
913,155 |
530,239 |
256,680 |
| Resident fees and services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,229,479 |
868,095 |
446,301 |
| Medical office building and other services revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,741 |
36,471 |
14,098 |
| Income from loans and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,339 |
19,540 |
2,957 |
| Equity earnings in affiliates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
828 |
1,447 |
1,914 |
| Interest and other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
605 |
952 |
69 |
| Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,200,147 |
1,456,744 |
722,019 |
| Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
203,421 |
163,090 |
123,470 |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
686,596 |
414,198 |
166,276 |
| Property-level operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
968,807 |
646,683 |
315,434 |
| Medical office building services costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,883 |
27,082 |
9,518 |
| General, administrative and professional fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
64,802 |
50,529 |
30,761 |
| Loss on extinguishment of debt, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,097) |
16,764 |
798 |
| Litigation proceeds, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
| Merger-related expenses and deal costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,063 |
42,078 |
4,952 |
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,877 |
6,492 |
53 |
| Total expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,948,352 |
1,366,916 |
651,262 |
| Income from continuing operations before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
251,795 |
89,828 |
70,757 |
| Income (loss) from unconsolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,597 |
0 |
0 |
| Income tax benefit (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
268,392 |
89,828 |
70,757 |
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(28,847) |
(2,521) |
1,761 |
| Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
239,545 |
87,307 |
72,518 |
| Net (loss) income attributable to noncontrolling interest, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,025) |
(1,232) |
3,562 |
| Net income attributable to common stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
240,570 |
88,539 |
68,956 |
|
Consolidated Elimination
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Rental income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Resident fees and services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Medical office building and other services revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income from loans and investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Equity earnings in affiliates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(323,410) |
(233,220) |
(260,355) |
| Interest and other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Total revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(323,410) |
(233,220) |
(260,355) |
| Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Property-level operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Medical office building services costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| General, administrative and professional fees |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Loss on extinguishment of debt, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Litigation proceeds, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
| Merger-related expenses and deal costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Total expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income from continuing operations before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(323,410) |
(233,220) |
(260,355) |
| Income (loss) from unconsolidated entities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income tax benefit (expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Income from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(323,410) |
(233,220) |
(260,355) |
| Discontinued operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(323,410) |
(233,220) |
(260,355) |
| Net (loss) income attributable to noncontrolling interest, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0 |
0 |
0 |
| Net income attributable to common stockholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ (323,410) |
$ (233,220) |
$ (260,355) |
|
|
|