| Schedule of segment information |
Summary information by reportable segment for the three months ended March 31, 2026 is as follows (unaudited, in thousands): | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | | Real estate | | | | | Non-segment | | | | | | investment portfolio | | SHOP | | /corporate | | Total | Revenues: | | | | | | | | | | | | | Rental income | | $ | 26,339 | | $ | — | | $ | — | | $ | 26,339 | Resident fees and services | | | — | | | 49,585 | | | — | | | 49,585 | Interest income from financing receivables | | | 8,255 | | | — | | | — | | | 8,255 | Interest income from mortgage loans | | | 10,229 | | | — | | | — | | | 10,229 | Interest and other income | | | 639 | | | — | | | 364 | | | 1,003 | Total revenues | | | 45,462 | | | 49,585 | | | 364 | | | 95,411 | | | | | | | | | | | | | | Income from unconsolidated joint ventures | | | 295 | | | — | | | — | | | 295 | Property level expenses | | | (2,394) | | | (36,889) | | | — | | | (39,283) | NOI | | | 43,363 | | | 12,696 | | | 364 | | | 56,423 | Interest expense | | | | | | | | | | | | (10,782) | Depreciation and amortization | | | | | | | | | | | | (11,979) | Recovery for credit losses | | | | | | | | | | | | 684 | Transaction costs | | | | | | | | | | | | (688) | General and administrative expenses | | | | | | | | | | | | (8,582) | Loss on sale of real estate, net | | | | | | | | | | | | (10) | Income tax provision | | | | | | | | | | | | (110) | Net income | | | | | | | | | | | $ | 24,956 |
Summary information by reportable segment for the three months ended March 31, 2025 is as follows (unaudited, in thousands): | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | | Real estate | | | | | Non-segment | | | | | | investment portfolio | | SHOP | | /corporate | | Total | Revenues: | | | | | | | | | | | | | Rental income | | $ | 31,444 | | $ | — | | $ | — | | $ | 31,444 | Resident fees and services | | | — | | | — | | | — | | | — | Interest income from financing receivables | | | 7,002 | | | — | | | — | | | 7,002 | Interest income from mortgage loans | | | 9,179 | | | — | | | — | | | 9,179 | Interest and other income | | | 1,227 | | | — | | | 179 | | | 1,406 | Total revenues | | | 48,852 | | | — | | | 179 | | | 49,031 | | | | | | | | | | | | | | Income from unconsolidated joint ventures | | | 3,665 | | | — | | | — | | | 3,665 | Property level expenses | | | (3,107) | | | — | | | — | | | (3,107) | NOI | | | 49,410 | | | — | | | 179 | | | 49,589 | Expenses: | | | | | | | | | | | | | Interest expense | | | | | | | | | | | | (7,913) | Depreciation and amortization | | | | | | | | | | | | (9,162) | Transaction costs | | | | | | | | | | | | (441) | Provision for credit losses | | | | | | | | | | | | (3,052) | General and administrative expenses | | | | | | | | | | | | (6,971) | Gain on sale of real estate, net | | | | | | | | | | | | 171 | Income tax benefit | | | | | | | | | | | | — | Net income | | | | | | | | | | | $ | 22,221 |
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