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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summary information for the reportable segments during the three months ended March 31, 2025 and 2024 is as follows ($ in thousands):

For the three months ended March 31, 2025:			Real Estate Investments						SHOP						Non-segment/Corporate						Total
Rental income			$	68,866					$	—					$	—					$	68,866
Resident fees and services			—						13,939						—						13,939
Interest income and other			6,449						—						42						6,491
Total revenues			75,315						13,939						42						89,296
Other senior housing operating expenses1			—						2,874						—						2,874
Utilities			—						1,097						—						1,097
Dietary			—						1,045						—						1,045
Labor			—						4,299						—						4,299
Taxes and insurance			2,887						1,538						—						4,425
NOI			72,428						3,086						42						75,556
Depreciation			16,388						2,758						11						19,157
Interest			749						—						13,588						14,337
Legal			—						—						1,426						1,426
Franchise, excise and other taxes			—						—						269						269
General and administrative			—						—						6,829						6,829
Proxy contest and related			—						—						264						264
Loan and realty gains			(14)						—						—						(14)
Gains on sales of real estate, net			(114)						—						—						(114)
Gains from equity method investment			(415)						—						—						(415)
Net income (loss)			$	55,834					$	328					$	(22,345)					$	33,817
Total assets			$	2,377,107					$	265,391					$	140,387					$	2,782,885
1 Includes management fees, general and administrative and marketing expenses.

For the three months ended March 31, 2024:			Real Estate Investments						SHOP						Non-segment/Corporate						Total
Rental income			$	62,187					$	—					$	—					$	62,187
Resident fees and services			—						13,256						—						13,256
Interest income and other			5,942						—						128						6,070
Total revenues			68,129						13,256						128						81,513
Other senior housing operating expenses1			—						2,600						—						2,600
Utilities			—						933						—						933
Dietary			—						1,004						—						1,004
Labor			—						4,227						—						4,227
Taxes and insurance			2,733						1,550						—						4,283
NOI			65,396						2,942						128						68,466
Depreciation			15,058						2,437						10						17,505
Interest			763						—						14,106						14,869
Legal			—						—						236						236
Franchise, excise and other taxes			—						—						(187)						(187)
General and administrative			—						—						5,642						5,642
Loan and realty losses			10						—						—						10
Gains on sales of real estate, net			(100)						—						—						(100)
Gains from equity method investment			(166)						—						—						(166)
Net income (loss)			$	49,831					$	505					$	(19,679)					$	30,657
Total assets			$	2,202,511					$	265,120					$	10,494					$	2,478,125
1 Includes management fees, general and administrative and marketing expenses.

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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