XML 40 R27.htm IDEA: XBRL DOCUMENT v3.20.2

Segment Reporting (Tables)

9 Months Ended

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

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
-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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration