Segment Disclosures (Tables)

9 Months Ended

Sep. 30, 2011

Segment Disclosures

Information of revenue of reportable segment

For the three months ended September 30, 2011:

Segments	Rental Revenues(1)		Income From DFLs		Interest Income		Investment Management Fee Income		Total Revenues		NOI(2)
Senior housing	$	107,465	$	30,652	$	42	$	—	$	138,159	$	128,494
Post-acute/skilled	9,548		122,844		287		—		132,679		132,147
Life science	71,093		—		—		1		71,094		57,862
Medical office	81,145		—		—		493		81,638		47,799
Hospital	20,854		—		248		—		21,102		19,627
Total	$	290,105	$	153,496	$	577	$	494	$	444,672	$	385,929

For the three months ended September 30, 2010:

Segments	Rental Revenues(1)		Income From DFLs		Interest Income		Investment Management Fee Income		Total Revenues		NOI(2)
Senior housing	$	88,151	$	13,028	$	67	$	577	$	101,823	$	87,855
Life science	69,660		—		—		1		69,661		56,953
Medical office	78,074		—		—		579		78,653		44,775
Post-acute/skilled	9,274		—		28,750		—		38,024		9,197
Hospital	21,123		—		7,765		—		28,888		20,104
Total	$	266,282	$	13,028	$	36,582	$	1,157	$	317,049	$	218,884

For the nine months ended September 30, 2011:

Segments	Rental Revenues(1)		Income From DFLs		Interest Income		Investment Management Fees Income		Total Revenues		NOI(2)
Senior housing	$	307,023	$	73,671	$	49	$	70	$	380,813	$	369,306
Post-acute/skilled	28,495		236,882		98,167		—		363,544		265,058
Life science	215,045		—		—		3		215,048		176,386
Medical office	241,045		—		—		1,532		242,577		143,688
Hospital	62,118		—		983		—		63,101		58,702
Total	$	853,726	$	310,553	$	99,199	$	1,605	$	1,265,083	$	1,013,140

For the nine months ended September 30, 2010:

Segments	Rental Revenues(1)		Income From DFLs		Interest Income		Investment Management Fee Income		Total Revenues		NOI(2)
Senior housing	$	235,566	$	37,238	$	352	$	1,965	$	275,121	$	257,794
Life science	206,641		—		—		3		206,644		170,596
Medical office	231,967		—		—		1,787		233,754		135,074
Post-acute/skilled	27,843		—		84,636		—		112,479		27,667
Hospital	62,732		—		23,016		—		85,748		58,927
Total	$	764,749	$	37,238	$	108,004	$	3,755	$	913,746	$	650,058

(1)Represents rental and related revenues, tenant recoveries, and resident fees and services.

(2)The Company defines NOI as rental revenues, including tenant recoveries, resident fees and services, and income from direct financing leases, less property level operating expenses. NOI excludes interest income, investment management fee income, depreciation and amortization, interest expense, general and administrative expenses, impairments, impairment recoveries, other income (expense), net, income taxes, equity income from and impairments of investments in unconsolidated joint ventures, and discontinued operations.

Reconciliation from NOI to reported net income

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Net operating income from continuing operations	$	385,929		$	218,884		$	1,013,140		$	650,058
Interest income	577			36,582			99,199			108,004
Investment management fee income	494			1,157			1,605			3,755
Depreciation and amortization	(88,556		)	(78,313		)	(270,028		)	(233,948		)
Interest expense	(104,198		)	(71,598		)	(317,903		)	(220,295		)
General and administrative	(19,648		)	(19,590		)	(76,472		)	(65,039		)
(Impairments) recoveries	(15,400		)	—			(15,400		)	11,900
Other income (expense), net	(772		)	6,657			17,058			7,151
Impairment of investment in unconsolidated joint venture	—			(71,693		)	—			(71,693		)
Income taxes	(5		)	(867		)	(290		)	(1,809		)
Equity income from unconsolidated joint ventures	17,050			209			32,798			4,078
Total discontinued operations	—			4,745			—			6,707
Net income	$	175,471		$	26,173		$	483,707		$	198,869

Reconciliation of company's assets to total assets

	September 30,			December 31,
Segments	2011			2010
Senior housing	$	5,969,625		$	4,364,026
Post-acute/skilled nursing	5,612,116			2,133,640
Life science	3,875,744			3,709,528
Medical office	2,336,474			2,305,175
Hospital	757,144			770,038
Gross segment assets	18,551,103			13,282,407
Accumulated depreciation and amortization	(1,650,685		)	(1,434,150		)
Net segment assets	16,900,418			11,848,257
Other non-segment assets	538,959			1,483,666
Total assets	$	17,439,377		$	13,331,923