CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenue:
Rental and other income	$ 514,891	$ 473,199	$ 1,522,705	$ 1,367,473
Management, development and other fees	1,320	2,161	4,310	7,714
Total revenue	516,211	475,360	1,527,015	1,375,187
Expenses:
Operating expenses, excluding property taxes	124,789	115,655	360,318	340,501
Property taxes	52,338	50,416	153,512	143,505
Interest expense, net	47,871	43,234	137,862	133,398
(Gain) loss on extinguishment of debt, net	0	(18,987)	2,461	(26,736)
Depreciation expense	131,729	120,184	391,414	355,664
General and administrative expense	11,928	10,464	35,343	31,266
Expensed acquisition, development and other pursuit costs, net of recoveries	3,804	3,391	8,702	5,251
Casualty and impairment loss (gain), net	0	(658)	3,935	10,668
Total expenses	372,459	325,015	1,085,677	972,181
Equity in (loss) income of unconsolidated real estate entities	(342)	20,554	54,779	68,925
Gain on sale of communities	202,163	35,216	284,582	106,151
Gain on sale of other real estate	10,778	0	10,921	9,647
Income before taxes	356,351	206,115	791,620	587,729
Income tax expense	22	39	95	1,348
Net income	356,329	206,076	791,525	586,381
Net loss attributable to noncontrolling interests	63	66	242	229
Net income attributable to common stockholders	356,392	206,142	791,767	586,610
Other comprehensive income (loss):
Income (loss) on cash flow hedges	719	(31)	(73,826)	(67)
Cash flow hedge losses reclassified to earnings	1,748	1,373	4,682	4,401
Comprehensive income	$ 358,859	$ 207,484	$ 722,623	$ 590,944
Earnings per common share - basic:
Net income attributable to common stockholders (in dollars per share)	$ 2.60	$ 1.54	$ 5.77	$ 4.42
Earnings per common share - diluted:
Net income attributable to common stockholders (in dollars per share)	2.59	1.53	5.76	4.39
Dividends per common share (in dollars per share)	$ 1.35	$ 1.25	$ 4.05	$ 3.75

This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 25
-Paragraph 23
-URI http://asc.fasb.org/extlink&oid=73531572&loc=d3e1043-128460