The company invested $2.0 billion in 2024, including senior housing and long-term acute care facilities. This demonstrates management's commitment to strategic growth and expansion in key healthcare real estate sectors.

The company divested $315.1 million in assets, including senior housing and outpatient medical buildings. This indicates a strategy of streamlining the portfolio and reallocating capital to higher-growth opportunities.

The company converted 11 senior housing communities from NNN to SHOP segment, indicating a strategic shift towards higher-risk, higher-reward operational control in the senior housing sector.

The company actively manages lease expirations by extending the lease term for 20 of the 23 Kindred Group 2 LTACs to April 30, 2030 and converting 45 senior housing properties to SHOP segment.

The company entered into agreements with Kindred Healthcare, LLC and Brookdale Senior Living, Inc., indicating strategic partnerships and collaborations to optimize portfolio performance.

The company repurchased 37.3 million shares of common stock for gross proceeds of $2.2 billion, indicating a focus on shareholder value and efficient capital allocation.

The company explicitly acknowledges the risk posed by macroeconomic trends, indicating awareness of potential external pressures on profitability and operations.

The company recognizes the risk of changes in government funding impacting managers, tenants, and borrowers, highlighting potential reliance on government support within the healthcare sector.

The company acknowledges the increasing threat of cybersecurity incidents and their potential to disrupt operations, emphasizing the importance of robust cybersecurity measures.

The company acknowledges competition for real estate investments, which could affect its ability to identify and successfully capitalize on opportunities.

The company acknowledges that its managers, tenants, and borrowers compete on a local and regional basis, which could affect their ability to attract and retain residents and patients.

The company acknowledges that its managers, tenants and borrowers face a highly competitive labor market, which has been compounded by general inflationary pressures on wages and could be further compounded by a shortage of care givers or other trained personnel, union activities or minimum wage laws.

The company reports that property-level operating expenses increased, indicating potential challenges in controlling costs at the property level.

The company acknowledges the risk of increased costs associated with volatility in materials and labor prices or as a result of supply chain or procurement disruptions, which may adversely affect the status of our construction projects.

The company relies on third-party managers and tenants to operate or exert substantial control over the properties that they manage for or rent from us, which limits our control and influence over operations and results.

The company acknowledges the increasing threat of cybersecurity incidents and their potential impact on operations.

The company acknowledges that its managers, tenants and borrowers may be adversely affected by complex and evolving laws and regulations regarding data privacy and cybersecurity.

The company acknowledges that there have been, and there are expected to continue to be, advances and changes in technology, payment models, healthcare delivery models, public policy, regulation and consumer behavior and perception that could reduce demand for on-site activities provided at our properties.

The company issued senior notes to repay existing debt, indicating a proactive approach to managing its capital structure and debt maturities.

The company has an at-the-market equity offering program to raise capital, providing flexibility in funding future investments and operations.

The company had capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows: SHOP, OM&R and NNN.

The company has a robust, data-driven strategy designed to support the sustainable growth of our business and build long-term value for shareholders and other key stakeholders.

The company has set measurable goals related to each of our key sustainability topics and progress towards these goals is reported annually in our Corporate Sustainability Report.

These matters are overseen by our NGCR Committee. Our EVP, General Counsel and Ethics & Compliance Officer and VP, Corporate ESG & Sustainability report on these matters regularly to the NGCR Committee and periodically to our Board of Directors.

The company expects senior housing to benefit from strong supply/demand fundamentals, including robust projected demand growth combined with low projected supply growth.

The company's operations have been and are expected to continue to be impacted by economic and market conditions.

The company recognizes the risk of changes in government funding impacting managers, tenants, and borrowers, highlighting potential reliance on government support within the healthcare sector.