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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

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X

- References

No definition available.

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