XML 82 R37.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2011

Segment Reporting (Tables) [Abstract]

Summary of information for reportable segments


		Rental Income				Resident Fees and Services				Interest Income				Other Income				Total Revenues				Property Operating Expenses				Net Operating Income⁽¹⁾				Real Estate Depreciation/ Amortization				Interest Expense				Total Assets
Three Months Ended September 30, 2011
Seniors housing triple-net		$	169,668			$	—			$	6,810			$	454			$	176,932			$	—			$	176,932			$	48,690			$	4,110			$	7,696,298
Seniors housing operating			—				125,125				—				—				125,125				86,218				38,907				39,019				13,945				2,240,665
Medical facilities⁽²⁾			80,413				—				1,048				1,048				82,509				17,849				64,660				27,931				8,356				3,657,811
Non-segment/Corporate			—				—				—				307				307				—				307				—				61,400				266,315

		$	250,081			$	125,125			$	7,858			$	1,809			$	384,873			$	104,067			$	280,806			$	115,640			$	87,811			$	13,861,089


Three Months Ended September 30, 2010
Seniors housing triple-net		$	97,658			$	—			$	9,179			$	698			$	107,535			$	—			$	107,535			$	27,495			$	4,271
Seniors housing operating			—				12,809				—				—				12,809				7,993				4,816				4,879				3,236
Medical facilities⁽²⁾			57,071				—				875				227				58,173				13,829				44,344				20,019				6,506
Non-segment/Corporate			—				—				—				231				231				—				231				—				30,972

		$	154,729			$	12,809			$	10,054			$	1,156			$	178,748			$	21,822			$	156,926			$	52,393			$	44,985


		Rental Income				Resident Fees and Services				Interest Income				Other Income				Total Revenues				Property Operating Expenses				Net Operating Income⁽¹⁾				Real Estate Depreciation/ Amortization				Interest Expense
Nine Months Ended September 30, 2011
Seniors housing triple-net		$	444,656			$	—			$	27,224			$	5,458			$	477,338			$	—			$	477,338			$	127,088			$	9,812
Seniors housing operating			—				319,559				—				—				319,559				219,824				99,735				97,326				33,446
Medical facilities⁽²⁾			221,676				—				5,209				3,879				230,764				50,584				180,180				77,047				23,321
Non-segment/Corporate			—				—				—				637				637				—				637				—				165,335

		$	666,332			$	319,559			$	32,433			$	9,974			$	1,028,298			$	270,408			$	757,890			$	301,461			$	231,914

Nine Months Ended September 30, 2010
Seniors housing triple-net		$	288,148			$	—			$	26,583			$	2,726			$	317,457			$	—			$	317,457			$	82,448			$	13,964
Seniors housing operating			—				12,809				—				—				12,809				7,993				4,816				4,879				3,236
Medical facilities			162,481				—				1,854				800				165,135				40,552				124,583				56,097				18,560
Non-segment/Corporate			—				—				—				1,276				1,276				—				1,276				—				76,760

		$	450,629			$	12,809			$	28,437			$	4,802			$	496,677			$	48,545			$	448,132			$	143,424			$	112,520

(1)

Net operating income (“NOI”) is used to evaluate the operating performance of our properties. We define NOI as total revenues, including tenant reimbursements, less property level operating expenses, which exclude depreciation and amortization, general and administrative expenses, impairments and interest expense. We believe NOI provides investors relevant and useful information because it measures the operating performance of our properties at the property level on an unleveraged basis. We use NOI to make decisions about resource allocations and to assess the property level performance of our properties.

(2)	Excludes income and expense amounts related to properties held in unconsolidated joint ventures. Please see Note 7 for additional information.