Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Segment Reporting Information, by Segment

The following tables reconcile the segment activity to consolidated net loss for the periods presented:


	Three Months Ended March 31,
	2022
(In thousands)	Medical Office Buildings		Seniors Housing — Operating Properties		Consolidated
Revenue from tenants	$	32,348	$	51,302	$	83,650
Property operating and maintenance	8,689		44,401		53,090
NOI	$	23,659	$	6,901	30,560
Impairment charges					(10,644)
Operating fees to related parties					(6,318)
Acquisition and transaction related					(579)
General and administrative					(4,899)
Depreciation and amortization					(20,420)
Interest expense					(11,764)
Interest and other income					12
Loss on sale of real estate investments					(303)
Gain on non-designated derivatives					994
Income tax expense					(39)
Net loss attributable to non-controlling interests					49
Allocation for preferred stock					(3,450)
Net loss attributable to common stockholders					$	(26,801)


	Three Months Ended March 31,
	2021
(In thousands)	Medical Office Buildings		Seniors Housing — Operating Properties		Consolidated
Revenue from tenants	$	30,339	$	53,097	$	83,436
Property operating and maintenance	8,843		40,512		49,355
NOI	$	21,496	$	12,585	34,081
Impairment charges					(878)
Operating fees to related parties					(5,883)
Acquisition and transaction related					(132)
General and administrative					(6,052)
Depreciation and amortization					(20,102)
Interest expense					(12,322)
Interest and other income					52
Loss on sale of real estate investments					(172)
Gain on non-designated derivatives					14
Income tax benefit (expense)					(48)
Net income attributable to non-controlling interests					(46)
Allocation for preferred stock					(742)
Net loss attributable to common stockholders					$	(12,230)

The following table reconciles the segment activity to consolidated total assets as of the periods presented:


(In thousands)	March 31, 2022		December 31, 2021
ASSETS
Investments in real estate, net:
Medical office buildings	$	1,127,945	$	1,149,241
Seniors housing — operating properties	883,166		900,686
Total investments in real estate, net	2,011,111		2,049,927

Cash and cash equivalents	66,424		59,738
Restricted cash	26,423		25,644
Derivative assets, at fair value	13,321		174
Straight-line rent receivable, net	24,252		23,858
Operating lease right-of-use assets	7,889		7,914
Prepaid expenses and other assets	30,492		32,564
Deferred costs, net	14,139		14,581
Total assets	$	2,194,051	$	2,214,400

The following table reconciles capital expenditures by reportable business segment, excluding corporate non-real estate expenditures, for the periods presented:


	Three Months Ended March 31,
(In thousands)	2022		2021
Medical office buildings	$	1,188	$	492
Seniors housing — operating properties	2,123		3,537
Total capital expenditures	$	3,311	$	4,029