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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental income $ 155,546 $ 127,669 $ 301,329 $ 239,724
Residents fees and services 91,856 79,039 174,649 158,481
Total revenues 247,402 206,708 475,978 398,205
Expenses:        
Property operating expenses 93,592 79,786 179,386 157,590
Depreciation 62,511 46,703 116,218 85,058
General and administrative 11,674 9,577 22,248 17,866
Acquisition related costs 4,617 2,512 5,775 2,635
Total expenses 172,394 138,578 323,627 263,149
Operating income 75,008 68,130 152,351 135,056
Interest and other income 142 154 217 258
Interest expense (37,907) (34,112) (73,848) (63,012)
Loss on early extinguishment of debt (39)   (1,448)  
Income from continuing operations before income tax expense and equity in earnings of an investee 37,204 34,172 77,272 72,302
Income tax expense (129) (155) (239) (346)
Equity in earnings of an investee 23 118 95 21
Income from continuing operations 37,098 34,135 77,128 71,977
Discontinued operations:        
Loss from discontinued operations (109) 741 (350) 2,041
Impairment of assets from discontinued operations (602) 387 (602) (334)
Income before gain on sale of properties 36,387 35,263 76,176 73,684
Gain on sale of properties   2,396   2,552
Net income 36,387 37,659 76,176 76,236
Other comprehensive income:        
Change in net unrealized gain(loss) on investments 1,387 640 2,835 (1,280)
Share of comprehensive (loss) income of an investee (64) 31 (19) 50
Other comprehensive income (loss) 1,323 671 2,816 (1,230)
Comprehensive income $ 37,710 $ 38,330 $ 78,992 $ 75,006
Weighted average common shares outstanding (basic) (in shares) 235,549 199,830 228,501 193,962
Weighted average common shares outstanding (diluted) (in shares) 235,592 199,867 228,534 193,990
Net income per share:        
Income from continuing operations (in dollars per share) $ 0.16 $ 0.18 $ 0.34 $ 0.38
(Loss) income from discontinued operations (in dollars per share) (0.01) 0.01 (0.01) 0.01
Net income (in dollars per share) $ 0.15 $ 0.19 $ 0.33 $ 0.39