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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 1,117,164 $ 1,074,729 $ 1,058,022
Expenses:      
Property operating expenses 451,581 413,492 399,790
Depreciation and amortization 286,235 276,861 287,831
General and administrative 85,885 103,694 46,559
Acquisition and certain other transaction related costs 194 403 2,085
Impairment of assets 66,346 5,082 18,674
Total expenses 890,241 799,532 754,939
Gain on sale of properties 261,916 46,055 4,061
Dividend income 2,901 2,637 2,108
Unrealized losses on equity securities (20,724) 0 0
Interest and other income 667 406 430
Interest expense (179,287) (165,019) (167,574)
Loss on early extinguishment of debt 22 7,627 526
Income from continuing operations before income tax expense and equity in earnings of an investee 292,374 151,649 141,582
Income tax expense (476) (454) (424)
Equity in earnings of an investee 516 608 137
Net income (loss) 292,414 151,803 141,295
Net income attributable to noncontrolling interest (5,542) (4,193) 0
Net income attributable to common shareholders 286,872 147,610 141,295
Other comprehensive income:      
Unrealized gain on investments in equity securities, net 0 47,138 64,139
Amounts reclassified from cumulative other comprehensive income to net income 0 5,082 2,795
Equity in unrealized (loss) gain of an investee (68) 462 152
Other comprehensive (loss) income (68) 52,682 67,086
Comprehensive income 292,346 204,485 208,381
Comprehensive income attributable to noncontrolling interest (5,542) (4,193) 0
Comprehensive income attributable to common shareholders $ 286,804 $ 200,292 $ 208,381
Weighted average shares used in computing earnings per common share:      
Weighted average common shares outstanding (basic) (in shares) 237,511 237,420 237,345
Weighted average common shares outstanding (diluted) (in shares) 237,546 237,452 237,382
Per common share amounts (basic and diluted)      
Net income attributable to common shareholders (in dollars per share) $ 1.21 $ 0.62 $ 0.60
Rental income      
Revenues:      
Total revenues $ 700,641 $ 681,022 $ 666,200
Residents fees and services      
Revenues:      
Total revenues $ 416,523 $ 393,707 $ 391,822