XML 50 R40.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Reporting - Income Statements (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:            
Total revenues $ 346,341   $ 410,311   $ 709,065 $ 852,778
Expenses:            
Property operating expenses 264,632   301,915   552,023 618,500
Depreciation and amortization 67,888   68,825   134,041 137,255
General and administrative 9,126   7,312   16,668 16,144
Acquisition and certain other transaction related costs 12,071   87   12,071 750
Impairment of assets 0   31,175   (174) 42,409
Total expenses 353,717   409,314   714,629 815,058
Gain (loss) on sale of properties 30,760   (168)   30,638 2,614
Gains and losses on equity securities, net (3,849)   11,974   (12,188) 2,031
Interest and other income 16,038   7,736   18,873 7,874
Interest expense (67,657)   (43,974)   (127,748) (85,624)
Gain on lease termination 0   0   0 22,896
Loss on early extinguishment of debt (370)   (181)   (2,410) (427)
Income (loss) from continuing operations before income tax expense (32,454)   (23,616)   (98,399) (12,916)
Income tax expense (191)   (1,126)   (429) (683)
Net income (loss) (32,645) $ (66,183) (24,742) $ 11,143 (98,828) (13,599)
Net income attributable to noncontrolling interest (1,577)   (1,330)   (2,899) (2,738)
Net income (loss) attributable to common shareholders (34,222)   (26,072)   (101,727) (16,337)
Operating Segments | Office Portfolio            
Revenues:            
Total revenues 92,804   95,510   186,127 194,280
Expenses:            
Property operating expenses 31,321   30,893   62,614 63,599
Depreciation and amortization 32,497   32,234   64,435 64,397
General and administrative 0   0   0 0
Acquisition and certain other transaction related costs 0   0   0 0
Impairment of assets     538   0 6,756
Total expenses 63,818   63,665   127,049 134,752
Gain (loss) on sale of properties 30,760   0   30,638 2,782
Gains and losses on equity securities, net 0   0   0 0
Interest and other income 0   0   0 0
Interest expense (5,992)   (6,020)   (11,931) (12,072)
Gain on lease termination           0
Loss on early extinguishment of debt 0   (155)   0 (401)
Income (loss) from continuing operations before income tax expense 53,754   25,670   77,785 49,837
Income tax expense 0   0   0 0
Net income (loss) 53,754   25,670   77,785 49,837
Net income attributable to noncontrolling interest (1,577)   (1,330)   (2,899) (2,738)
Net income (loss) attributable to common shareholders 52,177   24,340   74,886 47,099
Operating Segments | SHOP            
Revenues:            
Total revenues 243,947   304,104   503,913 636,073
Expenses:            
Property operating expenses 233,311   271,022   489,409 554,901
Depreciation and amortization 32,538   33,773   63,899 66,815
General and administrative 0   0   0 0
Acquisition and certain other transaction related costs 0   0   0 0
Impairment of assets     30,637   (174) 35,653
Total expenses 265,849   335,432   553,134 657,369
Gain (loss) on sale of properties 0   (168)   0 (168)
Gains and losses on equity securities, net 0   0   0 0
Interest and other income 15,748   7,346   18,181 7,346
Interest expense (525)   (560)   (1,053) (1,124)
Gain on lease termination           0
Loss on early extinguishment of debt 0   0   0 0
Income (loss) from continuing operations before income tax expense (6,679)   (24,710)   (32,093) (15,242)
Income tax expense 0   0   0 0
Net income (loss) (6,679)   (24,710)   (32,093) (15,242)
Net income attributable to noncontrolling interest 0   0   0 0
Net income (loss) attributable to common shareholders (6,679)   (24,710)   (32,093) (15,242)
Non-Segment            
Revenues:            
Total revenues 9,590   10,697   19,025 22,425
Expenses:            
Property operating expenses 0   0   0 0
Depreciation and amortization 2,853   2,818   5,707 6,043
General and administrative 9,126   7,312   16,668 16,144
Acquisition and certain other transaction related costs 12,071   87   12,071 750
Impairment of assets     0   0 0
Total expenses 24,050   10,217   34,446 22,937
Gain (loss) on sale of properties 0   0   0 0
Gains and losses on equity securities, net (3,849)   11,974   (12,188) 2,031
Interest and other income 290   390   692 528
Interest expense (61,140)   (37,394)   (114,764) (72,428)
Gain on lease termination           22,896
Loss on early extinguishment of debt (370)   (26)   (2,410) (26)
Income (loss) from continuing operations before income tax expense (79,529)   (24,576)   (144,091) (47,511)
Income tax expense (191)   (1,126)   (429) (683)
Net income (loss) (79,720)   (25,702)   (144,520) (48,194)
Net income attributable to noncontrolling interest 0   0   0 0
Net income (loss) attributable to common shareholders (79,720)   (25,702)   (144,520) (48,194)
Rental income            
Revenues:            
Total revenues 102,394   106,207   205,152 216,705
Rental income | Operating Segments | Office Portfolio            
Revenues:            
Total revenues 92,804   95,510   186,127 194,280
Rental income | Operating Segments | SHOP            
Revenues:            
Total revenues 0   0   0 0
Rental income | Non-Segment            
Revenues:            
Total revenues 9,590   10,697   19,025 22,425
Residents fees and services            
Revenues:            
Total revenues 243,947   304,104   503,913 636,073
Residents fees and services | Operating Segments | Office Portfolio            
Revenues:            
Total revenues 0   0   0 0
Residents fees and services | Operating Segments | SHOP            
Revenues:            
Total revenues 243,947   304,104   503,913 636,073
Residents fees and services | Non-Segment            
Revenues:            
Total revenues $ 0   $ 0   $ 0 $ 0