XML 21 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental income $ 174,585 $ 166,647 $ 348,313 $ 333,090
Residents fees and services 102,663 98,366 204,750 196,484
Total revenues 277,248 265,013 553,063 529,574
Expenses:        
Property operating expenses 110,092 102,795 218,235 203,851
Depreciation and amortization 72,300 69,669 142,639 142,844
General and administrative 29,078 22,922 54,196 38,005
Acquisition and certain other transaction related costs 77 0 97 292
Impairment of assets 548 5,082 548 5,082
Total expenses 212,095 200,468 415,715 390,074
Operating income 65,153 64,545 137,348 139,500
Dividend income 659 659 1,318 1,319
Unrealized gains and losses on equity securities, net 23,265 0 50,506 0
Interest and other income 60 76 114 195
Interest expense (44,813) (40,800) (88,365) (84,289)
Loss on early extinguishment of debt 0 (7,353) (130) (7,353)
Income from continuing operations before income tax expense and equity in earnings of an investee 44,324 17,127 100,791 49,372
Income tax expense (105) (99) (365) (191)
Equity in earnings of an investee 7 374 51 502
Income before gain on sale of properties 44,226 17,402 100,477 49,683
Gain on sale of properties 80,762 0 261,916 0
Net income (loss) 124,988 17,402 362,393 49,683
Net income attributable to noncontrolling interest (1,401) (1,360) (2,784) (1,486)
Net income (loss) attributable to common shareholders 123,587 16,042 359,609 48,197
Other comprehensive income:        
Unrealized gain (loss) on investments in available for sale securities 0 (4,995) 0 19,050
Amounts reclassified from cumulative other comprehensive income to net income 0 5,082 0 5,082
Equity in unrealized (loss) gain of an investee 10 58 (83) 180
Other comprehensive (loss) income 10 145 (83) 24,312
Comprehensive income 124,998 17,547 362,310 73,995
Comprehensive income attributable to noncontrolling interest 1,401 1,360 2,784 1,486
Comprehensive income attributable to common shareholders $ 123,597 $ 16,187 $ 359,526 $ 72,509
Weighted average common shares outstanding (basic) (in shares) 237,487 237,399 237,483 237,395
Weighted average common shares outstanding (diluted) (in shares) 237,529 237,445 237,506 237,433
Per common share amounts (basic and diluted):        
Net income attributable to common shareholders (in dollars per share) $ 0.52 $ 0.07 $ 1.51 $ 0.20