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CONCENTRATION OF CREDIT RISK (Tables) | 6 Months Ended
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Jun. 30, 2025
Risks and Uncertainties [Abstract] |
Schedules of Concentration of Risk, by Risk Factor | The following table summarizes certain information about our credit risk concentration for our NNN and OM&R segments:
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Contribution as a Percentage of Total Revenues: |  |  |  |  |  |  |
Brookdale (1)(2) | 2.8 | % |  | 3.1 | % |  | 2.9 | % |  | 3.1 | %
Ardent (3) | 2.7 |  |  | 3.1 |  |  | 2.8 |  |  | 3.1 |
Kindred | 2.5 |  |  | 2.8 |  |  | 2.6 |  |  | 2.8 |
Contribution as a Percentage of Total NOI: |  |  |  |  |  |  |
Brookdale (1)(2) | 6.8 | % |  | 7.2 | % |  | 6.9 | % |  | 7.3 | %
Ardent (3) | 6.5 |  |  | 7.3 |  |  | 6.6 |  |  | 7.3 |
Kindred | 5.9 |  |  | 6.6 |  |  | 6.1 |  |  | 6.6 |
____________________________ (1)Excludes nine and 10 senior housing communities which are included in our SHOP segment as of June 30, 2025 and 2024, respectively. (2)For the three months ended June 30, 2025 and 2024, includes $6.6 million and $10.7 million, respectively, of amortization of up-front consideration received in 2020 from a revised master lease agreement with Brookdale. For the six months ended June 30, 2025 and 2024, includes $13.2 million and $21.3 million, respectively, of amortization of up-front consideration received in 2020 from a revised master lease agreement with Brookdale. (3)Includes 11 properties in our NNN segment and 19 outpatient medical buildings leased in whole or in part to Ardent.
Operating Lease, Lease Income | The following table summarizes rental income from our NNN and OM&R operating leases (dollars in thousands):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Fixed income from operating leases | $ | 309,828 |  |  | $ | 317,696 |  |  | $ | 625,937 |  |  | $ | 635,549 |
Variable income from operating leases | 63,688 |  |  | 55,091 |  |  | 125,011 |  |  | 111,483 |

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