Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

$ / shares

Dec. 31, 2023

USD ($)

$ / shares

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

USD ($)

$ / shares

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

													Average
	Summary				Summary								Summary		Average		Value of Initial Fixed $100
	Compensation				Compensation				Summary				Compensation		Compensation		Investment Based on:						Diluted FAD,
	Table		Compensation		Table		Compensation		Compensation		Compensation		Table		Actually		Company		Peer Group(7)				Excluding
	Total for		Actually Paid		Total for		Actually Paid		Table Total for		Actually Paid		Total for		Paid to		Total		Total				Non-recurring
	PEO		PEO(1)		PEO		PEO(2)		PEO		PEO(3)		Non-PEO		Non-PEO		Stockholder		Stockholder				Items,
Year	Ms. Simpson		Ms. Simpson		Ms. Shelley-Kessler		Ms. Shelley-Kessler		Mr. Malin		Mr. Malin		NEO(4)		NEO(5)		Return(6)		Return(6)		Net Income		per Share
2024	$	—	$	—	$	2,682,850	$	4,315,777	$	2,682,850	$	4,315,777	$	3,197,314	$	5,139,072	$	105.93	$	123.25	$	94,879,000	$	2.67
2023		5,079,210		3,131,321		—		—		—		—		2,569,201		1,615,697		92.16		113.35		91,462,000		2.75
2022		4,512,891		3,991,312		—		—		—		—		2,276,362		2,018,260		95.26		99.66		100,584,000		2.68
2021		4,076,679		2,432,064		—		—		—		—		2,076,016		1,308,918		86.19		131.78		56,224,000		2.43
2020		4,087,342		3,941,547		—		—		—		—		2,058,205		1,980,642		92.44		92.00		95,677,000		2.97

(1) The “Summary Compensation Table Total” row for PEO Ms. Simpson incorrectly included dividend equivalents paid on stock awards in fiscal year 2023, 2022, 2021 and 2020 since the dividend equivalents were included in the grant date fair value. The “Summary Compensation Table Total” and “Compensation Actually Paid” to PEO Ms. Simpson have been revised from the proxy statement for the 2024 and 2023 Annual Meeting of Stockholders. The calculation of “compensation actually paid” to PEO Ms. Simpson reflects the following adjustments:

	Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year
	2024		2023		2022		2021		2020
Summary Compensation Table Total	$	—	$	5,079,210	$	4,512,891	$	4,076,679	$	4,087,342
Less: Grant Date Fair Value of Stock Awards in Fiscal Year		—		(2,950,000)		(2,500,000)		(2,500,000)		(2,500,000)
Fair Value of Equity Awards Granted During the Year and Unvested at Year End		—		2,124,068		2,592,074		1,879,475		1,886,213
Change in Fair Value of Equity Awards Granted in Prior Years and Unvested at Year End		—		(1,173,194)		(610,633)		(1,615,636)		(655,436)
Change in Fair Value of Equity Awards Granted in Prior Years and Vested During the Year		—		51,237		(3,020)		591,546		1,123,428
Compensation Actually Paid	$	—	$	3,131,321	$	3,991,312	$	2,432,064	$	3,941,547

(2) The calculation of “compensation actually paid” to PEO Ms. Shelley-Kessler reflects the following adjustments:

	Fiscal Year
	2024
Summary Compensation Table Total	$	2,682,850
Less: Grant Date Fair Value of Stock Awards in Fiscal Year		(1,500,000)
Fair Value of Equity Awards Granted During the Year and Unvested at Year End		1,856,047
Change in Fair Value of Equity Awards Granted in Prior Years and Unvested at Year End		1,222,311
Change in Fair Value of Equity Awards Granted in Prior Years and Vested During the Year		54,569
Compensation Actually Paid	$	4,315,777

(3) The calculation of “compensation actually paid” to PEO Mr. Malin reflects the following adjustments:

	Fiscal Year
	2024
Summary Compensation Table Total	$	2,682,850
Less: Grant Date Fair Value of Stock Awards in Fiscal Year		(1,500,000)
Fair Value of Equity Awards Granted During the Year and Unvested at Year End		1,856,047
Change in Fair Value of Equity Awards Granted in Prior Years and Unvested at Year End		1,222,311
Change in Fair Value of Equity Awards Granted in Prior Years and Vested During the Year		54,569
Compensation Actually Paid	$	4,315,777

(4) For fiscal year 2024, Wendy Simpson and Caroline Chikhale are included as the non-PEO NEOs. For fiscal years 2020 through 2023, Pamela Shelley-Kessler and Clint Malin are included as the non-PEO NEOs.

(5) The “Summary Compensation Table Total” row for Non-PEO NEOs incorrectly included dividend equivalents paid on stock awards in fiscal year 2023, 2022, 2021 and 2020 since the dividend equivalents were included in the grant date fair value. The “Summary Compensation Table Total” and “Compensation Actually Paid” to Non-PEO CEOs have been revised from the proxy statement for the 2024 and 2023 Annual Meeting of Stockholders. The calculation of average “compensation actually paid” to Non-PEO NEOs reflects the following adjustments:

	Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year
	2024		2023		2022		2021		2020
Summary Compensation Table Total	$	3,197,314	$	2,569,201	$	2,276,362	$	2,076,016	$	2,058,205
Less: Grant Date Fair Value of Stock Awards in Fiscal Year		(1,765,000)		(1,450,000)		(1,220,000)		(1,220,000)		(1,220,000)
Fair Value of Equity Awards Granted During the Year and Unvested at Year End		2,181,712		1,044,019		1,264,936		917,177		920,493
Change in Fair Value of Equity Awards Granted in Prior Years and Unvested at Year End		1,455,888		(572,520)		(301,523)		(848,551)		(395,908)
Change in Fair Value of Equity Awards Granted in Prior Years and Vested During the Year		69,158		24,997		(1,515)		384,276		617,852
Compensation Actually Paid	$	5,139,072	$	1,615,697	$	2,018,260	$	1,308,918	$	1,980,642

(6) TSR assumes $100 was invested on December 31, 2020 in our common stock and assumes the reinvestment of dividends.

(7) The peer group constitutes the National Association of Real Estate Investment Trusts (“NAREIT”) Equity Index.

Company Selected Measure Name

Diluted FAD, excluding non-recurring items, per share

Named Executive Officers, Footnote

(4) For fiscal year 2024, Wendy Simpson and Caroline Chikhale are included as the non-PEO NEOs. For fiscal years 2020 through 2023, Pamela Shelley-Kessler and Clint Malin are included as the non-PEO NEOs.

Peer Group Issuers, Footnote

(7) The peer group constitutes the National Association of Real Estate Investment Trusts (“NAREIT”) Equity Index.

Adjustment To PEO Compensation, Footnote

(1) The “Summary Compensation Table Total” row for PEO Ms. Simpson incorrectly included dividend equivalents paid on stock awards in fiscal year 2023, 2022, 2021 and 2020 since the dividend equivalents were included in the grant date fair value. The “Summary Compensation Table Total” and “Compensation Actually Paid” to PEO Ms. Simpson have been revised from the proxy statement for the 2024 and 2023 Annual Meeting of Stockholders. The calculation of “compensation actually paid” to PEO Ms. Simpson reflects the following adjustments:

	Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year
	2024		2023		2022		2021		2020
Summary Compensation Table Total	$	—	$	5,079,210	$	4,512,891	$	4,076,679	$	4,087,342
Less: Grant Date Fair Value of Stock Awards in Fiscal Year		—		(2,950,000)		(2,500,000)		(2,500,000)		(2,500,000)
Fair Value of Equity Awards Granted During the Year and Unvested at Year End		—		2,124,068		2,592,074		1,879,475		1,886,213
Change in Fair Value of Equity Awards Granted in Prior Years and Unvested at Year End		—		(1,173,194)		(610,633)		(1,615,636)		(655,436)
Change in Fair Value of Equity Awards Granted in Prior Years and Vested During the Year		—		51,237		(3,020)		591,546		1,123,428
Compensation Actually Paid	$	—	$	3,131,321	$	3,991,312	$	2,432,064	$	3,941,547

(2) The calculation of “compensation actually paid” to PEO Ms. Shelley-Kessler reflects the following adjustments:

	Fiscal Year
	2024
Summary Compensation Table Total	$	2,682,850
Less: Grant Date Fair Value of Stock Awards in Fiscal Year		(1,500,000)
Fair Value of Equity Awards Granted During the Year and Unvested at Year End		1,856,047
Change in Fair Value of Equity Awards Granted in Prior Years and Unvested at Year End		1,222,311
Change in Fair Value of Equity Awards Granted in Prior Years and Vested During the Year		54,569
Compensation Actually Paid	$	4,315,777

(3) The calculation of “compensation actually paid” to PEO Mr. Malin reflects the following adjustments:

	Fiscal Year
	2024
Summary Compensation Table Total	$	2,682,850
Less: Grant Date Fair Value of Stock Awards in Fiscal Year		(1,500,000)
Fair Value of Equity Awards Granted During the Year and Unvested at Year End		1,856,047
Change in Fair Value of Equity Awards Granted in Prior Years and Unvested at Year End		1,222,311
Change in Fair Value of Equity Awards Granted in Prior Years and Vested During the Year		54,569
Compensation Actually Paid	$	4,315,777

Non-PEO NEO Average Total Compensation Amount

$ 3,197,314

$ 2,569,201

$ 2,276,362

$ 2,076,016

$ 2,058,205

Non-PEO NEO Average Compensation Actually Paid Amount

$ 5,139,072

1,615,697

2,018,260

1,308,918

1,980,642

Adjustment to Non-PEO NEO Compensation Footnote

(5) The “Summary Compensation Table Total” row for Non-PEO NEOs incorrectly included dividend equivalents paid on stock awards in fiscal year 2023, 2022, 2021 and 2020 since the dividend equivalents were included in the grant date fair value. The “Summary Compensation Table Total” and “Compensation Actually Paid” to Non-PEO CEOs have been revised from the proxy statement for the 2024 and 2023 Annual Meeting of Stockholders. The calculation of average “compensation actually paid” to Non-PEO NEOs reflects the following adjustments:

	Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year		Fiscal Year
	2024		2023		2022		2021		2020
Summary Compensation Table Total	$	3,197,314	$	2,569,201	$	2,276,362	$	2,076,016	$	2,058,205
Less: Grant Date Fair Value of Stock Awards in Fiscal Year		(1,765,000)		(1,450,000)		(1,220,000)		(1,220,000)		(1,220,000)
Fair Value of Equity Awards Granted During the Year and Unvested at Year End		2,181,712		1,044,019		1,264,936		917,177		920,493
Change in Fair Value of Equity Awards Granted in Prior Years and Unvested at Year End		1,455,888		(572,520)		(301,523)		(848,551)		(395,908)
Change in Fair Value of Equity Awards Granted in Prior Years and Vested During the Year		69,158		24,997		(1,515)		384,276		617,852
Compensation Actually Paid	$	5,139,072	$	1,615,697	$	2,018,260	$	1,308,918	$	1,980,642

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

Financial Performance Measures

As further described and defined in the “Executive Compensation Discussion and Analysis” above, the following is an unranked list of financial performance measures that we consider most important in linking the “compensation actually paid” to our NEOs for 2024 with our performance.

◆ Diluted FFO, excluding non-recurring items, per share

◆ Diluted FAD, excluding non-recurring items, per share

◆ Adjusted FAD per share

◆ Return on Equity

◆ Cumulative TSR

In addition to the financial performance measures listed above, we view our stock price, upon which the value of all of our long-term incentive awards is dependent, as a key performance-based component of our executive compensation program in order to further align the interests of our senior management team with the interests of our stockholders.

Total Shareholder Return Amount

$ 105.93

92.16

95.26

86.19

92.44

Peer Group Total Shareholder Return Amount

123.25

113.35

99.66

131.78

92

Net Income (Loss)

$ 94,879,000

$ 91,462,000

$ 100,584,000

$ 56,224,000

$ 95,677,000

Company Selected Measure Amount | $ / shares

2.67

2.75

2.68

2.43

2.97

PEO Name

Wendy L. Simpson

Measure:: 1

Pay vs Performance Disclosure

Name

Diluted FFO, excluding non-recurring items, per share

Measure:: 2

Pay vs Performance Disclosure

Name

Diluted FAD, excluding non-recurring items, per share

Measure:: 3

Pay vs Performance Disclosure

Name

Adjusted FAD per share

Measure:: 4

Pay vs Performance Disclosure

Name

Return on Equity

Measure:: 5

Pay vs Performance Disclosure

Name

Cumulative TSR

Wendy L. Simpson

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 5,079,210

$ 4,512,891

$ 4,076,679

$ 4,087,342

PEO Actually Paid Compensation Amount

3,131,321

3,991,312

2,432,064

3,941,547

Pamela J. Shelley-Kessler

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 2,682,850

PEO Actually Paid Compensation Amount

4,315,777

Clint B. Malin

Pay vs Performance Disclosure

PEO Total Compensation Amount

2,682,850

PEO Actually Paid Compensation Amount

4,315,777

PEO | Wendy L. Simpson | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(2,950,000)

(2,500,000)

(2,500,000)

(2,500,000)

PEO | Wendy L. Simpson | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,124,068

2,592,074

1,879,475

1,886,213

PEO | Wendy L. Simpson | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,173,194)

(610,633)

(1,615,636)

(655,436)

PEO | Wendy L. Simpson | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

51,237

(3,020)

591,546

1,123,428

PEO | Pamela J. Shelley-Kessler | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,500,000)

PEO | Pamela J. Shelley-Kessler | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,856,047

PEO | Pamela J. Shelley-Kessler | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,222,311

PEO | Pamela J. Shelley-Kessler | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

54,569

PEO | Clint B. Malin | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,500,000)

PEO | Clint B. Malin | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,856,047

PEO | Clint B. Malin | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,222,311

PEO | Clint B. Malin | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

54,569

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,765,000)

(1,450,000)

(1,220,000)

(1,220,000)

(1,220,000)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,181,712

1,044,019

1,264,936

917,177

920,493

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,455,888

(572,520)

(301,523)

(848,551)

(395,908)

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 69,158

$ 24,997

$ (1,515)

$ 384,276

$ 617,852