Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

Summary Information for Reportable Segments

Summary information for the reportable segments (which excludes unconsolidated entities) is as follows (in thousands):


Three Months Ended March 31, 2021:	Seniors Housing Operating		Triple-net		Outpatient Medical		Non-segment / Corporate		Total
Resident fees and services	$	723,464	$	—	$	—	$	—	$	723,464
Rental income	—		152,463		150,380		—		302,843
Interest income	1,119		14,922		3,538		—		19,579
Other income	1,819		1,097		2,305		955		6,176
Total revenues	726,402		168,482		156,223		955		1,052,062

Property operating expenses	555,968		12,841		46,863		1,654		617,326
Consolidated net operating income	170,434		155,641		109,360		(699)		434,736

Depreciation and amortization	132,586		56,667		55,173		—		244,426
Interest expense	11,418		1,882		4,015		105,827		123,142
General and administrative expenses	—		—		—		29,926		29,926
Loss (gain) on derivatives and financial instruments, net	—		1,934		—		—		1,934
Loss (gain) on extinguishment of debt, net	(4,643)		—		—		—		(4,643)
Provision for loan losses	251		853		279		—		1,383
Impairment of assets	4,604		18,964		—		—		23,568
Other expenses	3,459		4,983		712		1,840		10,994
Income (loss) from continuing operations before income taxes and other items	22,759		70,358		49,181		(138,292)		4,006
Income tax (expense) benefit	—		—		—		(3,943)		(3,943)
Income (loss) from unconsolidated entities	5,234		4,907		2,908		—		13,049
Gain (loss) on real estate dispositions, net	5,195		2,042		51,843		—		59,080
Income (loss) from continuing operations	33,188		77,307		103,932		(142,235)		72,192
Net income (loss)	$	33,188	$	77,307	$	103,932	$	(142,235)	$	72,192

Total assets	$	16,032,225	$	8,660,043	$	6,380,835	$	1,919,148	$	32,992,251


Three Months Ended March 31, 2020:	Seniors Housing Operating		Triple-net		Outpatient Medical		Non-segment / Corporate		Total
Resident fees and services	$	849,972	$	—	$	—	$	—	$	849,972
Rental income	—		191,385		198,575		—		389,960
Interest income	104		14,671		466		—		15,241
Other income	1,052		1,673		288		416		3,429
Total revenues	851,128		207,729		199,329		416		1,258,602

Property operating expenses	607,871		13,302		60,608		—		681,781
Consolidated net operating income	243,257		194,427		138,721		416		576,821

Depreciation and amortization	146,774		57,694		70,333		—		274,801
Interest expense	16,434		2,852		4,808		117,913		142,007
General and administrative expenses	—		—		—		35,481		35,481
Loss (gain) on derivatives and financial instruments, net	—		7,651		—		—		7,651

Provision for loan losses	—		7,072		—		—		7,072
Impairment of assets	3,495		24,332		—		—		27,827
Other expenses	2,989		513		1,007		1,783		6,292
Income (loss) from continuing operations before income taxes and other items	73,565		94,313		62,573		(154,761)		75,690
Income tax (expense) benefit	—		—		—		(5,442)		(5,442)
Income (loss) from unconsolidated entities	(11,024)		5,796		1,536		—		(3,692)
Gain (loss) on real estate dispositions, net	(149)		49,637		213,336		—		262,824
Income (loss) from continuing operations	62,392		149,746		277,445		(160,203)		329,380
Net income (loss)	$	62,392	$	149,746	$	277,445	$	(160,203)	$	329,380

Summary of Geographic Information

The following is a summary of geographic information for the periods presented (dollars in thousands):


	Three Months Ended
	March 31, 2021				March 31, 2020
Revenues:	Amount(1)		%		Amount		%
United States	$	825,648	78.5	%	$	1,027,781	81.6	%
United Kingdom	118,874		11.3	%	117,882		9.4	%
Canada	107,540		10.2	%	112,939		9.0	%
Total	$	1,052,062	100.0	%	$	1,258,602	100.0	%

	As of
	March 31, 2021				December 31, 2020
Assets:	Amount		%		Amount		%
United States	$	27,112,760	82.1	%	$	26,658,659	82.1	%
United Kingdom	3,415,851		10.4	%	3,352,549		10.3	%
Canada	2,463,640		7.5	%	2,472,434		7.6	%
Total	$	32,992,251	100.0	%	$	32,483,642	100.0	%

(1) The United States, United Kingdom and Canada represent 72%, 14% and 14%, respectively, of our resident fees and services revenue stream for the three months ended March 31, 2021.