XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Rental income $ 109,505 $ 98,552
Residents fees and services 35,568  
Total revenues 145,073 98,552
Expenses:    
Depreciation 33,377 26,361
Property operating expenses 39,334 10,433
General and administrative 7,685 6,156
Acquisition related costs 688 1,113
Impairment of assets 3,071 166
Total expenses 84,155 44,229
Operating income 60,918 54,323
Interest and other income 482 232
Interest expense (28,889) (22,746)
Equity in earnings of an investee 45 37
Income before income tax expense 32,556 31,846
Income tax expense (204) (71)
Net income 32,352 31,775
Other comprehensive income:    
Increase in net unrealized gain on investments 2,231 3,544
Share of comprehensive (loss) income of an investee (1) 4
Comprehensive income $ 34,582 $ 35,323
Weighted average shares outstanding (in shares) 162,647 141,855
Net income per share (in dollars per share) $ 0.20 $ 0.22