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Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting
Note 9. Segment Reporting
The Company is a REIT that owns, leases, acquires, invests in joint ventures, manages, finances, develops and redevelops its medical outpatient properties and reports the operating results in the accompanying Condensed Consolidated Financial Statements as one reportable segment. The CODM assesses performance and allocates resources based on consolidated net income (loss) as reported on the Company's Condensed Consolidated Statements of Operations. The Company uses net income (loss) to monitor expected versus actual results to assess the segment's performance. The measure of the Company's reportable segment assets is reported on the Company's Condensed Consolidated Balance Sheets as total assets.
Pursuant to ASU 2023-07, Segment Reporting (Topic 280), public entities are required to disclose more detailed information about significant reportable segment expenses that are regularly provided to the CODM.
The table below details the significant expenses for the three and six months ended June 30, 2025, and 2024.
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
Dollars in thousands2025202420252024
Significant Segment Expenses:
Property taxes$29,029 $32,487 $57,839 $65,416 
Personnel24,221 22,686 48,600 47,305 
Utilities22,189 23,411 44,140 47,492 
Maintenance24,746 27,082 53,493 56,721 
Totals$100,185 $105,666 $204,072 $216,934 
The following schedule reconciles net loss to segment expenses for the three and six months ended June 30, 2025, and 2024.
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
Dollars in thousands2025202420252024
Revenue$297,502 $316,322 $596,478 $643,127 
Property taxes(29,029)(32,487)(57,839)(65,416)
Personnel(24,221)(22,686)(48,600)(47,305)
Utilities(22,189)(23,411)(44,140)(47,492)
Maintenance(24,746)(27,082)(53,493)(56,721)
Other segment expenses 1
(33,221)(26,055)(57,826)(50,652)
Transaction costs(593)(431)(1,604)(826)
Depreciation and amortization(147,749)(173,477)(298,717)(351,596)
Gain on sales of real estate properties and other assets20,004 38,338 22,907 38,360 
Interest expense(53,346)(62,457)(108,157)(123,510)
Impairment of real estate properties and credit loss reserves(142,348)(132,118)(154,429)(148,055)
Impairment of goodwill— — — (250,530)
Equity income (loss) from unconsolidated joint ventures158 (146)159 (568)
Interest and other (expense) income, net(366)(248)(271)27 
Net loss$(160,144)$(145,938)$(205,532)$(461,157)
1    Other segment expenses are primarily related to administrative costs, travel, legal, technology, and insurance.