XML 84 R69.htm IDEA: XBRL DOCUMENT v3.25.1
SEGMENT INFORMATION - Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Rental income $ 377,432 $ 374,245
Income from loans and investments 4,324 1,289
Interest and other income 3,078 6,780
Revenues 1,358,074 1,199,914
Less:    
Interest and other income 3,078 6,780
Property-level operating expenses 783,884 687,497
NOI 569,287 503,884
Interest and other income 3,078 6,780
Interest expense (149,356) (149,933)
Depreciation and amortization (321,525) (300,255)
General, administrative and professional fees (53,149) (48,737)
Loss on extinguishment of debt, net 0 (252)
Transaction, transition and restructuring costs (5,982) (4,677)
Recovery of allowance on loans receivable and investments, net   68
Shareholder relations matters 0 (15,714)
Other expense (1,412) 1,334
Loss from unconsolidated entities (3,311) (8,383)
Gain on real estate dispositions 169 341
Income tax benefit 10,557 3,004
Net income (loss) 48,356 (12,540)
Net income attributable to noncontrolling interests 1,488 1,772
Net income attributable to common stockholders 46,868 (14,312)
Cost, Direct Labor 392,624 344,706
Management Fee Expense 50,611 42,066
Segment Reporting, Other Segment Item, Amount 340,649 300,725
Resident fees and services    
Revenues    
Other revenues 968,904 813,304
Third-party capital management expenses    
Revenues    
Other revenues 4,336 4,296
Less:    
Third-party capital management expenses 1,825 1,753
Operating Segments | SHOP    
Revenues    
Rental income 0 0
Income from loans and investments 0 0
Interest and other income 0 0
Revenues 968,904 813,304
Less:    
Interest and other income 0 0
NOI   203,483
Interest and other income 0 0
Operating Segments | SHOP | Resident fees and services    
Revenues    
Other revenues 968,904 813,304
Operating Segments | SHOP | Third-party capital management expenses    
Revenues    
Other revenues 0 0
Less:    
Third-party capital management expenses 0 0
Operating Segments | OM&R    
Revenues    
Rental income 221,319 218,877
Income from loans and investments 0 0
Interest and other income 0 0
Revenues 221,999 219,508
Less:    
Interest and other income 0 0
Property-level operating expenses 75,957 73,938
NOI 146,042 145,570
Interest and other income 0 0
Cost, Direct Labor 0 0
Management Fee Expense 0 0
Segment Reporting, Other Segment Item, Amount 75,957 73,938
Operating Segments | OM&R | Resident fees and services    
Revenues    
Other revenues 0 0
Operating Segments | OM&R | Third-party capital management expenses    
Revenues    
Other revenues 680 631
Less:    
Third-party capital management expenses 0 0
Operating Segments | NNN    
Revenues    
Rental income 156,113 155,368
Income from loans and investments 0 0
Interest and other income 0 0
Revenues 156,113 155,368
Less:    
Interest and other income 0 0
Property-level operating expenses 3,527 3,738
NOI 152,586 151,630
Interest and other income 0 0
Cost, Direct Labor 0 0
Management Fee Expense 0 0
Segment Reporting, Other Segment Item, Amount 3,527 3,738
Operating Segments | NNN | Resident fees and services    
Revenues    
Other revenues 0 0
Operating Segments | NNN | Third-party capital management expenses    
Revenues    
Other revenues 0 0
Less:    
Third-party capital management expenses 0 0
Operating Segments | Senior Living Operations    
Less:    
Property-level operating expenses 704,400 609,821
NOI 264,504  
Cost, Direct Labor 392,624 344,706
Management Fee Expense 50,611 42,066
Segment Reporting, Other Segment Item, Amount 261,165 223,049
Non-Segment    
Revenues    
Rental income 0 0
Income from loans and investments 4,324 1,289
Interest and other income 3,078 6,780
Revenues 11,058 11,734
Less:    
Interest and other income 3,078 6,780
Property-level operating expenses 0 0
NOI 6,155 3,201
Interest and other income 3,078 6,780
Cost, Direct Labor 0 0
Management Fee Expense 0 0
Segment Reporting, Other Segment Item, Amount 0 0
Non-Segment | Resident fees and services    
Revenues    
Other revenues 0 0
Non-Segment | Third-party capital management expenses    
Revenues    
Other revenues 3,656 3,665
Less:    
Third-party capital management expenses $ 1,825 $ 1,753