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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summary information for the reportable segments during the three and nine months ended September 30, 2024 and 2023 is as follows ($ in thousands):

For the three months ended September 30, 2024:			Real Estate Investments						SHOP						Non-segment/Corporate						Total
Rental income			$	63,318					$	—					$	—					$	63,318
Resident fees and services			—						13,771						—						13,771
Interest income and other			5,743						—						112						5,855
Total revenues			69,061						13,771						112						82,944
Senior housing operating expenses			—						10,744						—						10,744
Taxes and insurance on leased properties			2,786						—						—						2,786
NOI			66,275						3,027						112						69,414
Depreciation			15,168						2,591						9						17,768
Interest			768						—						14,171						14,939
Legal			—						—						240						240
Franchise, excise and other taxes			—						—						83						83
General and administrative			—						—						4,810						4,810
Loan and realty losses			3,434						—						—						3,434
Gains on sales of real estate, net			(102)						—						—						(102)
Net income (loss)			$	47,007					$	436					$	(19,201)					$	28,242
Total assets			$	2,180,153					$	266,789					$	13,148					$	2,460,090

For the three months ended September 30, 2023:			Real Estate Investments						SHOP						Non-segment/Corporate						Total
Rental income			$	62,255					$	—					$	—					$	62,255
Resident fees and services			—						12,367						—						12,367
Interest income and other			5,337						—						147						5,484
Total revenues			67,592						12,367						147						80,106
Senior housing operating expenses			—						10,045						—						10,045
Taxes and insurance on leased properties			2,908						—						—						2,908
NOI			64,684						2,322						147						67,153
Depreciation			15,211						2,292						12						17,515
Interest			773						—						14,313						15,086
Legal			—						—						67						67
Franchise, excise and other taxes			—						—						2						2
General and administrative			—						—						4,430						4,430
Loan and realty losses			1,959						—						—						1,959
Gains on sales of real estate, net			(737)						—						—						(737)
Other non-operating income			(202)						—						—						(202)
Net income (loss)			$	47,680					$	30					$	(18,677)					$	29,033
Total assets			$	2,218,699					$	277,014					$	3,377					$	2,499,090

For the nine months ended September 30, 2024:			Real Estate Investments						SHOP						Non-segment/Corporate						Total
Rental income			$	191,265					$	—					$	—					$	191,265
Resident fees and services			—						40,416						—						40,416
Interest income and other			17,428						—						317						17,745
Total revenues			208,693						40,416						317						249,426
Senior housing operating expenses			—						31,494						—						31,494
Taxes and insurance on leased properties			8,321						—						—						8,321
NOI			200,372						8,922						317						209,611
Depreciation			45,218						7,517						28						52,763
Interest			2,292						—						42,371						44,663
Legal			—						—						641						641
Franchise, excise and other taxes			—						—						(56)						(56)
General and administrative			—						—						15,318						15,318
Loan and realty losses			4,550						—						—						4,550
Gains on sales of real estate, net			(1,718)						—						—						(1,718)
Gains from equity method investment			(402)						—						—						(402)
Net income (loss)			$	150,432					$	1,405					$	(57,985)					$	93,852

For the nine months ended September 30, 2023:			Real Estate Investments						SHOP						Non-segment/Corporate						Total
Rental income			$	188,505					$	—					$	—					$	188,505
Resident fees and services			—						35,860						—						35,860
Interest income and other			15,727						—						278						16,005
Total revenues			204,232						35,860						278						240,370
Senior housing operating expenses			—						29,525						—						29,525
Taxes and insurance on leased properties			8,738						—						—						8,738
NOI			195,494						6,335						278						202,107
Depreciation			46,064						6,757						41						52,862
Interest			2,298						—						41,010						43,308
Legal			—						—						364						364
Franchise, excise and other taxes			—						—						443						443
General and administrative			—						—						14,390						14,390
Loan and realty losses			1,727						—						—						1,727
Gains on sales of real estate, net			(13,500)						—						—						(13,500)
Gain on operations transfer, net			(20)						—						—						(20)
Other non-operating income			(202)						—						—						(202)
Loss on early retirement of debt			—						—						73						73
Net income (loss)			$	159,127					$	(422)					$	(56,043)					$	102,662

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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- References

No definition available.

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