Item 2. Properties
ITEM 2. Properties
As of December 31, 2024, all of the properties we own are leased under long-term, triple-net leases (including properties we own in consolidated joint ventures). The following table displays the expiration of the annualized contractual cash rental income under our lease agreements as of December 31, 2024, excluding properties classified as held for sale and one ALF which is non-operational, by year and total investment (dollars in thousands) and, in each case, without giving effect to any renewal or purchase options:
Lease
Maturity Percent of Total Percent of
Year Investment (1)
Investment Rent (1)
Total Rent
2026 $ 25,116 0.9 % $ 868 0.3 %
2027 46,801 1.7 % 5,613 2.1 %
2029 105,696 3.9 % 8,543 3.1 %
2031 490,317 18.2 % 52,466 19.3 %
2032 278,386 10.3 % 27,467 10.1 %
2033 147,818 5.5 % 22,352 8.2 %
2034 453,119 16.8 % 45,336 16.6 %
2036 169,678 6.3 % 14,564 5.3 %
2038 319,580 11.8 % 33,514 12.3 %
2039 564,154 20.9 % 54,694 20.1 %
2044 97,973 3.7 % 6,895 2.6 %
Total $ 2,698,638 100.0 % $ 272,312 100.0 %
(1) Includes facilities held in consolidated joint ventures. See Note 3, Real Estate Investments, Net , and Note 12, Variable Interest Entities , for additional information.
See the “Tenant Purchase Options” section of Note 3, Real Estate Investments, Net, in the Notes to consolidated financial statements for additional information on leases subject to purchase options.
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Table of Contents
The information set forth under “Portfolio Summary” in Item 1 of this Annual Report on Form 10-K is incorporated by reference herein.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.