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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Rental income $ 173,728 $ 166,443
Residents fees and services 102,087 98,118
Total revenues 275,815 264,561
Expenses:    
Property operating expenses 108,143 101,057
Depreciation and amortization 70,339 73,175
General and administrative 25,118 15,083
Acquisition and certain other transaction related costs 20 292
Total expenses 203,620 189,607
Operating income 72,195 74,954
Dividend income 659 659
Unrealized gains and losses on equity securities, net 27,241 0
Interest and other income 54 120
Interest expense (43,552) (43,488)
Loss on early extinguishment of debt (130) 0
Income from continuing operations before income tax expense and equity in earnings of an investee 56,467 32,245
Income tax expense (260) (92)
Equity in earnings of an investee 44 128
Income before gain on sale of properties 56,251 32,281
Gain on sale of properties 181,154 0
Net income (loss) 237,405 32,281
Net income attributable to noncontrolling interest (1,383) (126)
Net income attributable to common shareholders 236,022 32,155
Other comprehensive income:    
Unrealized gain on investments in available for sale securities 0 24,045
Equity in unrealized (loss) gain of an investee (93) 122
Other comprehensive (loss) income (93) 24,167
Comprehensive income 237,312 56,448
Comprehensive income attributable to common shareholders $ 235,929 $ 56,322
Weighted average common shares outstanding (basic) (in shares) 237,478 237,391
Weighted average common shares outstanding (diluted) (in shares) 237,493 237,416
Per common share amounts (basic and diluted):    
Net income attributable to common shareholders (in dollars per share) $ 0.99 $ 0.14