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v3.4.0.3

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Continuing Operations [Member] |  |
Operating expenses |  |
Impairment charges | $ 5,840 | $ 6,391
Joint Ventures [Member] |  |
Other income/(expense) |  |
Equity in income of joint ventures, net | 69,933 | 97,550
Other Real Estate Investments [Member] |  |
Other income/(expense) |  |
Equity in income of joint ventures, net | 10,799 | 14,369
Revenues from rental properties | 293,091 | 275,506
Management and other fee income | 4,111 | 7,950
Total revenues | 297,202 | 283,456
Rent | 2,818 | 3,554
Real estate taxes | 34,472 | 36,072
Operating and maintenance | 34,553 | 33,902
General and administrative expenses | 31,929 | 32,705
Provision for doubtful accounts | 3,475 | 2,297
Impairment charges | 5,840 | 6,473
Depreciation and amortization | 84,856 | 74,569
Total operating expenses | 197,943 | 189,490
Operating income | 99,259 | 93,966
Mortgage financing income | 410 | 1,136
Other expense, net | (580) | (768)
Interest expense | (52,451) | (52,578)
Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income of other real estate investments | 46,638 | 41,756
Provision for income taxes, net | (12,112) | (12,717)
Equity in income of joint ventures, net | $ 69,933 | 97,550
Gain on change in control of interests, net |  | 139,801
Income from continuing operations | $ 115,258 | 280,759
Discontinued operations |  |
Loss from discontinued operating properties, net of tax |  | (15)
Impairment/loss on operating properties, net of tax |  | (60)
Loss from discontinued operations |  | (75)
Gain on sale of operating properties, net of tax | $ 26,896 | 32,055
Net income | 142,154 | 312,739
Net income attributable to noncontrolling interests | (1,441) | (2,397)
Net income attributable to the Company | 140,713 | 310,342
Preferred dividends | (11,555) | (14,573)
Net income available to the Company's common shareholders | $ 129,158 | $ 295,769
-Basic (in dollars per share) | $ 0.31 | $ 0.72
Income from continuing operations (in dollars per share) | 0.31 | 0.71
Net income attributable to the Company: |  |
-Basic (in dollars per share) | 0.31 | 0.72
-Diluted (in dollars per share) | $ 0.31 | $ 0.71
Weighted average shares: |  |
-Basic (in shares) | 412,630 | 410,433
-Diluted (in shares) | 414,145 | 415,396
Income from continuing operations | $ 129,158 | $ 295,844
Loss from discontinued operations attributable to the Company |  | (75)
Net income | $ 129,158 | $ 295,769

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