XML 57 R40.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Reporting - Income Statements (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 362,724 $ 442,467
Expenses:    
Property operating expenses 287,391 316,585
Depreciation and amortization 66,153 68,430
General and administrative 7,542 8,832
Impairment of assets (174) 11,234
Total expenses 360,912 405,744
Acquisition and certain other transaction related costs 0 663
Gain (loss) on sale of properties (122) 2,782
Gains (losses) on equity securities, net (8,339) (9,943)
Interest and other income 2,835 138
Interest expense (60,091) (41,650)
Gain on lease termination 0 22,896
Loss on early extinguishment of debt (2,040) (246)
Income (loss) from continuing operations before income tax expense (65,945) 10,700
Income tax (expense) benefit (238) 443
Net income (loss) (66,183) 11,143
Net income attributable to noncontrolling interest (1,322) (1,408)
Net income (loss) attributable to common shareholders (67,505) 9,735
Operating Segments | Office Portfolio    
Revenues:    
Total revenues 93,323 98,770
Expenses:    
Property operating expenses 31,293 32,706
Depreciation and amortization 31,938 32,163
General and administrative 0 0
Impairment of assets 0 6,218
Total expenses 63,231 71,087
Acquisition and certain other transaction related costs   0
Gain (loss) on sale of properties (122) 2,782
Gains (losses) on equity securities, net 0 0
Interest and other income 0 0
Interest expense (5,939) (6,052)
Gain on lease termination   0
Loss on early extinguishment of debt 0 (246)
Income (loss) from continuing operations before income tax expense 24,031 24,167
Income tax (expense) benefit 0 0
Net income (loss) 24,031 24,167
Net income attributable to noncontrolling interest (1,322) (1,408)
Net income (loss) attributable to common shareholders 22,709 22,759
Operating Segments | SHOP    
Revenues:    
Total revenues 259,966 331,969
Expenses:    
Property operating expenses 256,098 283,879
Depreciation and amortization 31,361 33,042
General and administrative 0 0
Impairment of assets (174) 5,016
Total expenses 287,285 321,937
Acquisition and certain other transaction related costs   0
Gain (loss) on sale of properties 0 0
Gains (losses) on equity securities, net 0 0
Interest and other income 2,433 0
Interest expense (528) (564)
Gain on lease termination   0
Loss on early extinguishment of debt 0 0
Income (loss) from continuing operations before income tax expense (25,414) 9,468
Income tax (expense) benefit 0 0
Net income (loss) (25,414) 9,468
Net income attributable to noncontrolling interest 0 0
Net income (loss) attributable to common shareholders (25,414) 9,468
Non-Segment    
Revenues:    
Total revenues 9,435 11,728
Expenses:    
Property operating expenses 0 0
Depreciation and amortization 2,854 3,225
General and administrative 7,542 8,832
Impairment of assets 0 0
Total expenses 10,396 12,720
Acquisition and certain other transaction related costs   663
Gain (loss) on sale of properties 0 0
Gains (losses) on equity securities, net (8,339) (9,943)
Interest and other income 402 138
Interest expense (53,624) (35,034)
Gain on lease termination   22,896
Loss on early extinguishment of debt (2,040) 0
Income (loss) from continuing operations before income tax expense (64,562) (22,935)
Income tax (expense) benefit (238) 443
Net income (loss) (64,800) (22,492)
Net income attributable to noncontrolling interest 0 0
Net income (loss) attributable to common shareholders (64,800) (22,492)
Rental income    
Revenues:    
Total revenues 102,758 110,498
Rental income | Operating Segments | Office Portfolio    
Revenues:    
Total revenues 93,323 98,770
Rental income | Operating Segments | SHOP    
Revenues:    
Total revenues 0 0
Rental income | Non-Segment    
Revenues:    
Total revenues 9,435 11,728
Residents fees and services    
Revenues:    
Total revenues 259,966 331,969
Residents fees and services | Operating Segments | Office Portfolio    
Revenues:    
Total revenues 0 0
Residents fees and services | Operating Segments | SHOP    
Revenues:    
Total revenues 259,966 331,969
Residents fees and services | Non-Segment    
Revenues:    
Total revenues $ 0 $ 0