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Major Operators | 3 Months Ended
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Mar. 31, 2025
Major Operators |
Major Operators |
10. | Major Operators
We have two operators that represent 10% or more of our combined rental revenue and interest income from mortgage loans. The following table sets forth information regarding our major operators as of March 31, 2025:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Number of | ​ | Percentage of | ​
​ | ​ | ​ | ​ | ​ | ​ | SNF | ​ | ALF | ​ | Total | ​ | ​ | Total | ​ | ​
Operator | ​ | SNF | ​ | ALF | ​ | Beds | ​ | Units | ​ | Revenues (1) | ​ | ​ | Assets (2) | ​ | ​
Prestige Healthcare (3) | ​ | 23 | ​ | — | ​ | 2,694 | ​ | 93 | ​ | 16.5 | % | ​ | 14.7 | % | ​
ALG Senior Living(4) | ​ | — | ​ | 29 | ​ | — | ​ | 1,308 | ​ | 11.8 | % | ​ | 16.5 | % | ​
Total | ​ | 23 | ​ | 29 | ​ | 2,694 | ​ | 1,401 | ​ | 28.3 | % | ​ | 31.2 | % | ​
(1) | Includes total revenues for the three months ended March 31, 2025.
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(2) | Represents the net carrying value of the mortgage loans and properties we own divided by the Total assets on the Consolidated Balance Sheets.
​
(3) | The majority of the revenue derived from this operator relates to interest income from mortgage loans.
​
(4) | The majority of the revenue derived from this operator relates to interest income from financing receivables.
Our financial position and ability to make distributions may be adversely affected if Prestige Healthcare, ALG Senior Living or any of our lessees and borrowers face financial difficulties, including any bankruptcies, inability to emerge from bankruptcy, insolvency or general downturn in business of any such operator, or in the event any such operator does not renew and/or extend its relationship with us.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/275/tableOfContent + Details
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