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Major Operators
3 Months Ended
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.

(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.