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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental income $ 681,022 $ 666,200 $ 630,899
Residents fees and services 393,797 391,822 367,874
Total revenues 1,074,819 1,058,022 998,773
Expenses:      
Property operating expenses 413,430 399,790 377,579
Depreciation and amortization 276,861 287,831 257,783
General and administrative 103,702 46,559 42,830
Acquisition and certain other transaction related costs 547 2,085 6,853
Impairment of assets 5,082 18,674 194
Total expenses 799,622 754,939 685,239
Operating income 275,197 303,083 313,534
Dividend income 2,637 2,108 2,773
Interest and other income 406 430 379
Interest expense (165,019) (167,574) (150,881)
Loss on distribution to common shareholders of The RMR Group Inc. common stock 0 0 (38,437)
Loss on early extinguishment of debt (7,627) (526) (1,894)
Income from continuing operations before income tax expense and equity in earnings of an investee 105,594 137,521 125,474
Income tax expense (454) (424) (574)
Equity in earnings of an investee 608 137 20
Income from continuing operations 105,748 137,234 124,920
Discontinued operations:      
Loss from discontinued operations 0 0 (350)
Loss on impairment of assets from discontinued operations 0 0 (602)
Income before gain on sale of properties 105,748 137,234 123,968
Gain on sale of properties 46,055 4,061 0
Net income 151,803 141,295 123,968
Net income attributable to noncontrolling interest (4,193) 0 0
Net income attributable to common shareholders 147,610 141,295 123,968
Other comprehensive income:      
Unrealized gain (loss) on investments in available for sale securities 47,138 64,139 (35,846)
Amounts reclassified from cumulative other comprehensive income to net income 5,082 2,795 0
Equity in unrealized gain (loss) of an investee 462 152 (20)
Other comprehensive income 52,682 67,086 (35,866)
Comprehensive income 204,485 208,381 88,102
Comprehensive income attributable to noncontrolling interest (4,193) 0 0
Comprehensive income attributable to common shareholders $ 200,292 $ 208,381 $ 88,102
Weighted average shares used in computing earnings per common share:      
Weighted average common shares outstanding (basic) (in shares) 237,420 237,345 232,931
Weighted average common shares outstanding (diluted) (in shares) 237,452 237,382 232,963
Per common share amounts (basic and diluted)      
Income from continuing operations (in dollars per share) $ 0.62 $ 0.60 $ 0.54
Loss from discontinued operations (in dollars per share) 0.00 0.00 (0.01)
Net income attributable to common shareholders (in dollars per share) $ 0.62 $ 0.60 $ 0.53