Real Estate
REIT - Healthcare Facilities
$24.66B
486
Key insights and themes extracted from this filing
The 10-K reports that total Net Operating Income (NOI) increased to $1,925.2 million in 2023 from $1,842.6 million in 2022, a 4.5% increase. This indicates a positive trend in the company's operational performance.
The Senior Housing Operating Portfolio (SHOP) segment experienced a 9.9% increase in NOI, rising from $647.5 million in 2022 to $711.4 million in 2023. This indicates a strong performance in the senior housing sector.
Interest expense increased from $467.6 million in 2022 to $574.1 million in 2023, representing a 22.8% increase. This could be a concern, as it reduces profitability.