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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 278,969 $ 266,673 $ 831,942 $ 796,185
Expenses:        
Property operating expenses 115,987 104,689 334,141 308,650
Depreciation and amortization 71,661 66,619 214,300 209,463
General and administrative 31,032 19,883 85,228 57,880
Acquisition and certain other transaction related costs 51 19 138 148
Impairment of assets 4,525 0 5,073 5,082
Total expenses 223,256 191,210 638,880 581,223
Gain on sale of properties 0 0 261,916 0
Dividend income 660 659 1,978 1,978
Unrealized gains and losses on equity securities, net 35,137 0 85,643 0
Interest and other income 248 128 362 323
Interest expense (45,416) (40,105) (133,781) (124,394)
Gain (loss) on early extinguishment of debt 108 (274) (22) (7,627)
Income from continuing operations before income tax expense and equity in earnings of an investee 46,450 35,871 409,158 85,242
Income tax expense (79) (109) (444) (300)
Equity in earnings of an investee 831 31 882 533
Net income (loss) 47,202 35,793 409,596 85,475
Net income attributable to noncontrolling interest (1,397) (1,379) (4,181) (2,865)
Net income (loss) attributable to common shareholders 45,805 34,414 405,415 82,610
Other comprehensive income:        
Unrealized gain on investments in available for sale securities 0 7,333 0 26,383
Amounts reclassified from cumulative other comprehensive income to net income 0 0 0 5,082
Equity in unrealized gain of an investee 173 116 90 296
Other comprehensive income 173 7,449 90 31,761
Comprehensive income 47,375 43,242 409,686 117,236
Comprehensive income attributable to noncontrolling interest (1,397) (1,379) (4,181) (2,865)
Comprehensive income attributable to common shareholders $ 45,978 $ 41,863 $ 405,505 $ 114,371
Weighted average common shares outstanding (basic) (in shares) 237,511 237,421 237,492 237,404
Weighted average common shares outstanding (diluted) (in shares) 237,562 237,460 237,526 237,445
Per common share amounts (basic and diluted):        
Net income attributable to common shareholders (in dollars per share) $ 0.19 $ 0.14 $ 1.71 $ 0.35
Rental income        
Revenues:        
Total revenues $ 173,648 $ 168,348 $ 521,961 $ 501,437
Residents fees and services        
Revenues:        
Total revenues $ 105,321 $ 98,325 $ 309,981 $ 294,748