XML 48 R38.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Summary information for the reportable segments during the three and six months ended June 30, 2024 and 2023 is as follows ($ in thousands):
For the three months ended June 30, 2024: | Real Estate Investments |  | SHOP |  | Non-segment/Corporate |  | Total
Rental income | $ | 65,760 |  |  | $ | — |  |  | $ | — |  |  | $ | 65,760 |
Resident fees and services | — |  |  | 13,390 |  |  | — |  |  | 13,390 |
Interest income and other | 5,744 |  |  | — |  |  | 76 |  |  | 5,820 |
Total revenues | 71,504 |  |  | 13,390 |  |  | 76 |  |  | 84,970 |
Senior housing operating expenses | — |  |  | 10,437 |  |  | — |  |  | 10,437 |
Taxes and insurance on leased properties | 2,802 |  |  | — |  |  | — |  |  | 2,802 |
NOI | 68,702 |  |  | 2,953 |  |  | 76 |  |  | 71,731 |
Depreciation | 14,992 |  |  | 2,490 |  |  | 8 |  |  | 17,490 |
Interest | 761 |  |  | — |  |  | 14,093 |  |  | 14,854 |
Legal | — |  |  | — |  |  | 165 |  |  | 165 |
Franchise, excise and other taxes | — |  |  | — |  |  | 47 |  |  | 47 |
General and administrative | — |  |  | — |  |  | 4,870 |  |  | 4,870 |
Loan and realty losses | 1,106 |  |  | — |  |  | — |  |  | 1,106 |
Gains on sales of real estate, net | (1,517) |  |  | — |  |  | — |  |  | (1,517) |
Gains from equity method investment | (236) |  |  | — |  |  | — |  |  | (236) |
Net income (loss) | $ | 53,596 |  |  | $ | 463 |  |  | $ | (19,107) |  |  | $ | 34,952 |
Total assets | $ | 2,197,656 |  |  | $ | 268,187 |  |  | $ | 11,069 |  |  | $ | 2,476,912 |
For the three months ended June 30, 2023: | Real Estate Investments |  | SHOP |  | Non-segment/Corporate |  | Total
Rental income | $ | 60,952 |  |  | $ | — |  |  | $ | — |  |  | $ | 60,952 |
Resident fees and services | — |  |  | 11,793 |  |  | — |  |  | 11,793 |
Interest income and other | 5,083 |  |  | — |  |  | 48 |  |  | 5,131 |
Total revenues | 66,035 |  |  | 11,793 |  |  | 48 |  |  | 77,876 |
Senior housing operating expenses | — |  |  | 9,682 |  |  | — |  |  | 9,682 |
Taxes and insurance on leased properties | 3,212 |  |  | — |  |  | — |  |  | 3,212 |
NOI | 62,823 |  |  | 2,111 |  |  | 48 |  |  | 64,982 |
Depreciation | 15,477 |  |  | 2,239 |  |  | 14 |  |  | 17,730 |
Interest | 766 |  |  | — |  |  | 13,428 |  |  | 14,194 |
Legal | — |  |  | — |  |  | 174 |  |  | 174 |
Franchise, excise and other taxes | — |  |  | — |  |  | 258 |  |  | 258 |
General and administrative | — |  |  | — |  |  | 4,306 |  |  | 4,306 |
Loan and realty losses | 186 |  |  | — |  |  | — |  |  | 186 |
Gains on sales of real estate, net | (11,366) |  |  | — |  |  | — |  |  | (11,366) |
Gain on operations transfer, net | (20) |  |  | — |  |  | — |  |  | (20) |
Loss on early retirement of debt | — |  |  | — |  |  | 73 |  |  | 73 |
Net income (loss) | $ | 57,780 |  |  | $ | (128) |  |  | $ | (18,205) |  |  | $ | 39,447 |
Total assets | $ | 2,217,124 |  |  | $ | 271,359 |  |  | $ | 10,012 |  |  | $ | 2,498,495 |
For the six months ended June 30, 2024: | Real Estate Investments |  | SHOP |  | Non-segment/Corporate |  | Total
Rental income | $ | 127,947 |  |  | $ | — |  |  | $ | — |  |  | $ | 127,947 |
Resident fees and services | — |  |  | 26,645 |  |  | — |  |  | 26,645 |
Interest income and other | 11,685 |  |  | — |  |  | 205 |  |  | 11,890 |
Total revenues | 139,632 |  |  | 26,645 |  |  | 205 |  |  | 166,482 |
Senior housing operating expenses | — |  |  | 20,751 |  |  | — |  |  | 20,751 |
Taxes and insurance on leased properties | 5,535 |  |  | — |  |  | — |  |  | 5,535 |
NOI | 134,097 |  |  | 5,894 |  |  | 205 |  |  | 140,196 |
Depreciation | 30,050 |  |  | 4,927 |  |  | 18 |  |  | 34,995 |
Interest | 1,524 |  |  | — |  |  | 28,199 |  |  | 29,723 |
Legal | — |  |  | — |  |  | 400 |  |  | 400 |
Franchise, excise and other taxes | — |  |  | — |  |  | (139) |  |  | (139) |
General and administrative | — |  |  | — |  |  | 10,510 |  |  | 10,510 |
Loan and realty losses | 1,116 |  |  | — |  |  | — |  |  | 1,116 |
Gains on sales of real estate, net | (1,617) |  |  | — |  |  | — |  |  | (1,617) |
Gains from equity method investment | (402) |  |  | — |  |  | — |  |  | (402) |
Net income (loss) | $ | 103,426 |  |  | $ | 967 |  |  | $ | (38,783) |  |  | $ | 65,610 |
For the six months ended June 30, 2023: | Real Estate Investments |  | SHOP |  | Non-segment/Corporate |  | Total
Rental income | $ | 126,250 |  |  | $ | — |  |  | $ | — |  |  | $ | 126,250 |
Resident fees and services | — |  |  | 23,493 |  |  | — |  |  | 23,493 |
Interest income and other | 10,391 |  |  | — |  |  | 130 |  |  | 10,521 |
Total revenues | 136,641 |  |  | 23,493 |  |  | 130 |  |  | 160,264 |
Senior housing operating expenses | — |  |  | 19,481 |  |  | — |  |  | 19,481 |
Taxes and insurance on leased properties | 5,830 |  |  | — |  |  | — |  |  | 5,830 |
NOI | 130,811 |  |  | 4,012 |  |  | 130 |  |  | 134,953 |
Depreciation | 30,854 |  |  | 4,466 |  |  | 27 |  |  | 35,347 |
Interest | 1,525 |  |  | — |  |  | 26,696 |  |  | 28,221 |
Legal | — |  |  | — |  |  | 297 |  |  | 297 |
Franchise, excise and other taxes | — |  |  | — |  |  | 441 |  |  | 441 |
General and administrative | — |  |  | — |  |  | 9,959 |  |  | 9,959 |
Loan and realty losses | (232) |  |  | — |  |  | — |  |  | (232) |
Gains on sales of real estate, net | (12,763) |  |  | — |  |  | — |  |  | (12,763) |
Loss on operations transfer, net | (20) |  |  | — |  |  | — |  |  | (20) |
Loss on early retirement of debt | — |  |  | — |  |  | 73 |  |  | 73 |
Net income (loss) | $ | 111,447 |  |  | $ | (454) |  |  | $ | (37,363) |  |  | $ | 73,630 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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