XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

CONCENTRATION OF CREDIT RISK | 9 Months Ended
--- | ---
Sep. 30, 2024
Risks and Uncertainties [Abstract] |
CONCENTRATION OF CREDIT RISK | NOTE 3—CONCENTRATION OF CREDIT RISK We use total revenues and total NOI in assessing our concentration of credit risk. See “Non-GAAP Financial Measures” included elsewhere in this Quarterly Report on Form 10-Q for additional disclosure and a reconciliation of net income attributable to common stockholders, as computed in accordance with GAAP, to total NOI. We are exposed to the credit risk of our tenants in our NNN and OM&R segments because those tenants are obligated to pay us rent and, in certain instances pay or reimburse us for some or all property-related expenses, including maintenance, utilities, repairs, taxes, insurance and capital expenditures. Because we engage independent managers to manage the properties in our SHOP segment in exchange for a management fee, we are not directly exposed to their credit risk in the same manner or to the same extent as the tenants in our NNN and OM&R segments. The following table summarizes certain information about our credit risk concentration for our NNN and OM&R segments for the three months ended September 30, 2024:
| For the Three Months Ended September 30,
| 2024 |  | 2023
Revenues: (1) |  |  |
Brookdale (2) | 3.1 | % |  | 3.3 | %
Ardent (3) | 2.8 |  |  | 2.9 |
Kindred | 2.8 |  |  | 2.9 |
All others | 22.9 |  |  | 25.2 |
Net operating income (“NOI”): |  |  |
Brookdale (2) | 7.3 | % |  | 7.6 | %
Ardent (3) | 6.7 |  |  | 6.8 |
Kindred | 6.8 |  |  | 6.8 |
All others | 37.5 |  |  | 41.9 |
____________________________ (1)Represents percentage of total revenues which include third party capital management revenues, income from loans and investments and interest and other income. (2)Results exclude 9 senior housing communities which are included in our SHOP segment. (3)Results exclude 19 outpatient medical buildings included in “All others.”

X
- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/275/tableOfContent + Details
Name: | us-gaap_ConcentrationRiskDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration