Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

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


Three Months Ended March 31, 2024	Seniors Housing Operating		Triple-net		Outpatient Medical		Non-segment/Corporate		Total
Resident fees and services	$	1,360,274	$	—	$	—	$	—	$	1,360,274
Rental income	—		221,744		195,908		—		417,652
Interest income	5,023		46,789		852		—		52,664
Other income	1,463		1,199		2,402		24,087		29,151
Total revenues	1,366,760		269,732		199,162		24,087		1,859,741

Property operating expenses	1,019,347		10,817		62,463		4,286		1,096,913
Consolidated net operating income (loss)	347,413		258,915		136,699		19,801		762,828

Depreciation and amortization	236,796		62,535		66,532		—		365,863
Interest expense	11,186		358		1,718		134,056		147,318
General and administrative expenses	—		—		—		53,318		53,318
Loss (gain) on derivatives and financial instruments, net	—		(3,054)		—		—		(3,054)
Loss (gain) on extinguishment of debt, net	6		—		—		—		6
Provision for loan losses, net	1,568		(567)		13		—		1,014
Impairment of assets	43,331		—		—		—		43,331
Other expenses	8,757		1,205		609		3,560		14,131
Income (loss) from continuing operations before income taxes and other items	45,769		198,438		67,827		(171,133)		140,901
Income tax (expense) benefit	—		—		—		(6,191)		(6,191)
Income (loss) from unconsolidated entities	(4,267)		(3,153)		(363)		—		(7,783)
Gain (loss) on real estate dispositions, net	4,602		26		79		—		4,707
Income (loss) from continuing operations	46,104		195,311		67,543		(177,324)		131,634
Net income (loss)	$	46,104	$	195,311	$	67,543	$	(177,324)	$	131,634

Total assets	$	25,009,470	$	9,883,758	$	7,414,657	$	2,245,700	$	44,553,585


Three Months Ended March 31, 2023	Seniors Housing Operating		Triple-net		Outpatient Medical		Non-segment/Corporate		Total
Resident fees and services	$	1,131,685	$	—	$	—	$	—	$	1,131,685
Rental income	—		202,419		181,640		—		384,059
Interest income	2,551		33,763		91		—		36,405
Other income	2,445		1,883		3,100		1,152		8,580
Total revenues	1,136,681		238,065		184,831		1,152		1,560,729

Property operating expenses	883,784		11,723		58,365		3,881		957,753
Consolidated net operating income (loss)	252,897		226,342		126,466		(2,729)		602,976

Depreciation and amortization	220,407		54,528		64,177		—		339,112
Interest expense	11,487		(15)		4,104		128,827		144,403
General and administrative expenses	—		—		—		44,371		44,371
Loss (gain) on derivatives and financial instruments, net	—		930		—		—		930
Loss (gain) on extinguishment of debt, net	—		—		5		—		5
Provision for loan losses, net	(73)		850		—		—		777
Impairment of assets	12,629		—		—		—		12,629
Other expenses	17,579		2,467		547		2,152		22,745
Income (loss) from continuing operations before income taxes and other items	(9,132)		167,582		57,633		(178,079)		38,004
Income tax (expense) benefit	—		—		—		(3,045)		(3,045)
Income (loss) from unconsolidated entities	(15,589)		8,432		86		—		(7,071)
Gain (loss) on real estate dispositions, net	833		520		(606)		—		747
Income (loss) from continuing operations	(23,888)		176,534		57,113		(181,124)		28,635
Net income (loss)	$	(23,888)	$	176,534	$	57,113	$	(181,124)	$	28,635

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