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v3.20.2

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of segment reporting information |
|  | For the Three Months Ended September 30, 2020
|  | Office Portfolio |  | SHOP (1) |  | Non-Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Rental income |  | $ | 94,235 |  |  | $ | — |  |  | $ | 10,003 |  |  | $ | 104,238 |
Residents fees and services |  | — |  |  | 290,101 |  |  | — |  |  | 290,101 |
Total revenues |  | 94,235 |  |  | 290,101 |  |  | 10,003 |  |  | 394,339 |
Expenses: |  |  |  |  |  |  |  |
Property operating expenses |  | 33,448 |  |  | 282,202 |  |  | — |  |  | 315,650 |
Depreciation and amortization |  | 32,816 |  |  | 31,570 |  |  | 2,825 |  |  | 67,211 |
General and administrative |  | — |  |  | — |  |  | 6,988 |  |  | 6,988 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | 53 |  |  | 53 |
Impairment of assets |  | 1,334 |  |  | 62,868 |  |  | — |  |  | 64,202 |
Total expenses |  | 67,598 |  |  | 376,640 |  |  | 9,866 |  |  | 454,104 |
Loss on sale of properties |  | (169) |  |  | (42) |  |  | — |  |  | (211) |
Gains on equity securities, net |  | — |  |  | — |  |  | 12,510 |  |  | 12,510 |
Interest and other income |  | — |  |  | — |  |  | 134 |  |  | 134 |
Interest expense |  | (6,068) |  |  | (552) |  |  | (51,471) |  |  | (58,091) |
Income (loss) from continuing operations before income tax expense |  | 20,400 |  |  | (87,133) |  |  | (38,690) |  |  | (105,423) |
Income tax expense |  | — |  |  | — |  |  | (365) |  |  | (365) |
Net income (loss) |  | 20,400 |  |  | (87,133) |  |  | (39,055) |  |  | (105,788) |
Net income attributable to noncontrolling interest |  | (1,100) |  |  | — |  |  | — |  |  | (1,100) |
Net income (loss) attributable to common shareholders |  | $ | 19,300 |  |  | $ | (87,133) |  |  | $ | (39,055) |  |  | $ | (106,888) |
(1)Residents fees and services for the three months ended September 30, 2020 for our SHOP segment is net of a $4,005 reserve for an estimated Medicare refund we expect to pay. Property operating expenses for the three months ended September 30, 2020 for our SHOP segment includes $2,167 of estimated penalties, compliance costs and professional fees, net of management fees reimbursable by Five Star, related to the Medicare refund we expect to pay.
|  | For the Nine Months Ended September 30, 2020
|  | Office Portfolio |  | SHOP (1) |  | Non-Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Rental income |  | $ | 288,515 |  |  | $ | — |  |  | $ | 32,428 |  |  | $ | 320,943 |
Residents fees and services |  | — |  |  | 926,174 |  |  | — |  |  | 926,174 |
Total revenues |  | 288,515 |  |  | 926,174 |  |  | 32,428 |  |  | 1,247,117 |
Expenses: |  |  |  |  |  |  |  |
Property operating expenses |  | 97,047 |  |  | 837,103 |  |  | — |  |  | 934,150 |
Depreciation and amortization |  | 97,213 |  |  | 98,385 |  |  | 8,868 |  |  | 204,466 |
General and administrative |  | — |  |  | — |  |  | 23,132 |  |  | 23,132 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | 803 |  |  | 803 |
Impairment of assets |  | 8,090 |  |  | 98,521 |  |  | — |  |  | 106,611 |
Total expenses |  | 202,350 |  |  | 1,034,009 |  |  | 32,803 |  |  | 1,269,162 |
Gain (loss) on sale of properties |  | 2,613 |  |  | (210) |  |  | — |  |  | 2,403 |
Gains on equity securities, net |  | — |  |  | — |  |  | 14,541 |  |  | 14,541 |
Interest and other income |  | — |  |  | 7,346 |  |  | 662 |  |  | 8,008 |
Interest expense |  | (18,140) |  |  | (1,676) |  |  | (123,899) |  |  | (143,715) |
Gain on lease termination |  | — |  |  | — |  |  | 22,896 |  |  | 22,896 |
Loss on early extinguishment of debt |  | (401) |  |  | — |  |  | (26) |  |  | (427) |
Income (loss) from continuing operations before income tax expense |  | 70,237 |  |  | (102,375) |  |  | (86,201) |  |  | (118,339) |
Income tax expense |  | — |  |  | — |  |  | (1,048) |  |  | (1,048) |
Net income (loss) |  | 70,237 |  |  | (102,375) |  |  | (87,249) |  |  | (119,387) |
Net income attributable to noncontrolling interest |  | (3,838) |  |  | — |  |  | — |  |  | (3,838) |
Net income (loss) attributable to common shareholders |  | $ | 66,399 |  |  | $ | (102,375) |  |  | $ | (87,249) |  |  | $ | (123,225) |
(1)Residents fees and services for the nine months ended September 30, 2020 for our SHOP segment is net of a $4,005 reserve for an estimated Medicare refund we expect to pay. Property operating expenses for the nine months ended September 30, 2020 for our SHOP segment includes $2,167 of estimated penalties, compliance costs and professional fees, net of management fees reimbursable by Five Star, related to the Medicare refund we expect to pay.
|  | As of September 30, 2020
|  | Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Total assets |  | $ | 3,105,760 |  |  | $ | 2,914,966 |  |  | $ | 514,392 |  |  | $ | 6,535,118 |
|  | For the Three Months Ended September 30, 2019
|  | Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Rental income |  | $ | 100,010 |  |  | $ | 32,738 |  |  | $ | 15,263 |  |  | $ | 148,011 |
Residents fees and services |  | — |  |  | 107,816 |  |  | — |  |  | 107,816 |
Total revenues |  | 100,010 |  |  | 140,554 |  |  | 15,263 |  |  | 255,827 |
Expenses: |  |  |  |  |  |  |  |
Property operating expenses |  | 34,184 |  |  | 90,899 |  |  | — |  |  | 125,083 |
Depreciation and amortization |  | 33,801 |  |  | 34,901 |  |  | 4,666 |  |  | 73,368 |
General and administrative |  | — |  |  | — |  |  | 9,604 |  |  | 9,604 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | 2,492 |  |  | 2,492 |
Impairment of assets |  | 26,037 |  |  | 718 |  |  | 6,344 |  |  | 33,099 |
Total expenses |  | 94,022 |  |  | 126,518 |  |  | 23,106 |  |  | 243,646 |
Gain on sale of properties |  | 4,183 |  |  | — |  |  | — |  |  | 4,183 |
Gains on equity securities, net |  | — |  |  | — |  |  | 40 |  |  | 40 |
Interest and other income |  | — |  |  | — |  |  | 238 |  |  | 238 |
Interest expense |  | (6,239) |  |  | (585) |  |  | (37,993) |  |  | (44,817) |
Income (loss) from continuing operations before income tax benefit and equity in earnings of an investee |  | 3,932 |  |  | 13,451 |  |  | (45,558) |  |  | (28,175) |
Income tax benefit |  | — |  |  | — |  |  | 146 |  |  | 146 |
Equity in earnings of an investee |  | — |  |  | — |  |  | 83 |  |  | 83 |
Net income (loss) |  | 3,932 |  |  | 13,451 |  |  | (45,329) |  |  | (27,946) |
Net income attributable to noncontrolling interest |  | (1,444) |  |  | — |  |  | — |  |  | (1,444) |
Net income (loss) attributable to common shareholders |  | $ | 2,488 |  |  | $ | 13,451 |  |  | $ | (45,329) |  |  | $ | (29,390) |
|  | For the Nine Months Ended September 30, 2019
|  | Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Revenues: |  |  |  |  |  |  |  |
Rental income |  | $ | 307,616 |  |  | $ | 105,451 |  |  | $ | 46,282 |  |  | $ | 459,349 |
Residents fees and services |  | — |  |  | 324,767 |  |  | — |  |  | 324,767 |
Total revenues |  | 307,616 |  |  | 430,218 |  |  | 46,282 |  |  | 784,116 |
Expenses: |  |  |  |  |  |  |  |
Property operating expenses |  | 98,886 |  |  | 263,612 |  |  | — |  |  | 362,498 |
Depreciation and amortization |  | 104,939 |  |  | 100,080 |  |  | 14,503 |  |  | 219,522 |
General and administrative |  | — |  |  | — |  |  | 28,287 |  |  | 28,287 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | 11,209 |  |  | 11,209 |
Impairment of assets |  | 26,133 |  |  | 9,041 |  |  | 6,344 |  |  | 41,518 |
Total expenses |  | 229,958 |  |  | 372,733 |  |  | 60,343 |  |  | 663,034 |
Gain on sale of properties |  | 6,686 |  |  | 15,207 |  |  | — |  |  | 21,893 |
Dividend income |  | — |  |  | — |  |  | 1,846 |  |  | 1,846 |
Losses on equity securities, net |  | — |  |  | — |  |  | (41,476) |  |  | (41,476) |
Interest and other income |  | — |  |  | — |  |  | 590 |  |  | 590 |
Interest expense |  | (18,257) |  |  | (2,481) |  |  | (116,102) |  |  | (136,840) |
Loss on early extinguishment of debt |  | — |  |  | (17) |  |  | — |  |  | (17) |
Income (loss) from continuing operations before income tax benefit and equity in earnings of an investee |  | 66,087 |  |  | 70,194 |  |  | (169,203) |  |  | (32,922) |
Income tax benefit |  | — |  |  | — |  |  | 47 |  |  | 47 |
Equity in earnings of an investee |  | — |  |  | — |  |  | 617 |  |  | 617 |
Net income (loss) |  | 66,087 |  |  | 70,194 |  |  | (168,539) |  |  | (32,258) |
Net income attributable to noncontrolling interest |  | (4,279) |  |  | — |  |  | — |  |  | (4,279) |
Net income (loss) attributable to common shareholders |  | $ | 61,808 |  |  | $ | 70,194 |  |  | $ | (168,539) |  |  | $ | (36,537) |
| As of December 31, 2019
| Office Portfolio |  | SHOP |  | Non-Segment |  | Consolidated
Total assets | $ | 3,165,577 |  |  | $ | 3,044,989 |  |  | $ | 443,260 |  |  | $ | 6,653,826 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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