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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental income $ 127,669 $ 112,297 $ 239,724 $ 224,150
Residents fees and services 79,039 74,631 158,481 149,687
Total revenues 206,708 186,928 398,205 373,837
Expenses:        
Property operating expenses 79,786 74,484 157,590 148,163
Depreciation 46,703 38,296 85,058 75,999
General and administrative 9,577 8,168 17,866 16,816
Acquisition related costs 2,512 292 2,635 2,187
Impairment of assets   4,371   5,675
Total expenses 138,578 125,611 263,149 248,840
Operating income 68,130 61,317 135,056 124,997
Interest and other income 154 397 258 570
Interest expense (34,112) (29,567) (63,012) (59,131)
Loss on early extinguishment of debt   (105)   (105)
Income from continuing operations before income tax expense and equity in earnings of an investee 34,172 32,042 72,302 66,331
Income tax expense (155) (140) (346) (280)
Equity in earnings of an investee 118 79 21 155
Income from continuing operations 34,135 31,981 71,977 66,206
Discontinued operations:        
Income from discontinued operations 741 1,513 2,041 2,523
Impairment of assets from discontinued operations 387 (27,896) (334) (27,896)
Income before gain on sale of properties 35,263 5,598 73,684 40,833
Gain on sale of properties 2,396   2,552  
Net income 37,659 5,598 76,236 40,833
Other comprehensive income:        
Change in net unrealized (loss) / gain on investments 640 (4,404) (1,280) 4,360
Share of comprehensive income (loss) of an investee 31 (73) 50 (81)
Comprehensive income $ 38,330 $ 1,121 $ 75,006 $ 45,112
Weighted average shares outstanding (in shares) 199,810 188,081 194,025 186,350
Income from continuing operations per share (in dollars per share) $ 0.18 $ 0.17 $ 0.38 $ 0.36
Income from discontinued operations per share (in dollars per share) $ 0.01 $ (0.14) $ 0.01 $ (0.14)
Net income per share (in dollars per share) $ 0.19 $ 0.03 $ 0.39 $ 0.22