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| 25 (1) Retroactively adjusted for the effects of the stock dividends. (2) See Appendix: Financial Definitions for a full description. Non-GAAP Reconciliations Three Months Ended Amounts in thousands, except per share data June 30, 2024 March 30, 2024 December 31, 2023 September 30, 2023 June 30, 2023 MOBs: Revenue from tenants $ 34,671 $ 34,599 $ 34,263 $ 33,657 $ 33,920 Property operating and maintenance (9,727) (9,700) (10,182) (9,379) (9,438) MOB Segment Net Operating Income(2) 24,944 24,899 24,082 24,278 24,482 SHOPs: Revenue from tenants 54,146 53,700 52,517 52,029 52,184 Property operating and maintenance (45,278) (45,445) (45,832) (41,821) (44,131) SHOP Segment Net Operating Income(2) 8,868 8,255 6,685 10,208 8,053 Net Operating income (NOI)(2) 33,812 33,154 30,767 34,486 32,535 Impairment charges (2,409) (260) (4,676) - - Operating fees to related parties (6,424) (6,366) (6,374) (6,398) (6,369) Termination fees to related parties (98,241) - - - - Acquisition and transaction related (357) (142) (161) (173) (148) General and administrative (4,668) (6,768) (4,823) (4,753) (4,331) Depreciation and amortization (21,928) (20,738) (21,353) (20,774) (20,568) Gain (Loss) on sale of real estate investments (225) - 42 (173) (306) Interest expense (17,752) (16,383) (15,869) (15,720) (18,703) Interest and other income 457 72 157 258 313 Gain (Loss) on non-designated derivatives 882 1,951 (2,506) 406 286 Income tax (expense) benefit (65) (70) (60) (157) (41) Net loss attributable to non-controlling interests 452 (2) (22) (2) (22) Allocation for preferred stock (3,450) (3,450) (3,496) (3,450) (3,449) Net loss attributable to common stockholders (in accordance with GAAP) $ (119,916) $ (19,002) $ (28,374) $ (16,450) $ (20,759) Basic and Diluted Loss Per Share: Net loss per share attributable to common stockholders — Basic and Diluted(1) $ (1.06) $ (0.17) $ (0.25) $ (0.15) $ (0.18) Weighted-average shares outstanding — Basic and Diluted(1) 113,185,753 113,148,558 113,189,829 113,117,691 113,086,488 |