2021 Q1 Form 10-Q Financial Statement

#000163297021000042 Filed on May 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $37.84M $37.54M
YoY Change 0.79% 45.28%
Cost Of Revenue $245.1M $13.02M
YoY Change 1783.24% 226.98%
Gross Profit -$207.3M $24.53M
YoY Change -945.2% 12.2%
Gross Profit Margin -547.82% 65.33%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.72M $12.53M
YoY Change 105.29% -22.07%
% of Gross Profit 51.09%
Operating Expenses
YoY Change
Operating Profit $38.08M
YoY Change
Interest Expense $20.37M $5.310M
YoY Change 283.52% 48.12%
% of Operating Profit 53.48%
Other Income/Expense, Net -$19.96M
YoY Change
Pretax Income -$16.11M -$7.933M
YoY Change 103.08% -35.81%
Income Tax $163.0K $0.00
% Of Pretax Income
Net Earnings -$11.85M -$7.766M
YoY Change 52.55% -37.05%
Net Earnings / Revenue -31.31% -20.69%
Basic Earnings Per Share -$0.07
Diluted Earnings Per Share -$0.07
COMMON SHARES
Basic Shares Outstanding 179.6M shares
Diluted Shares Outstanding 179.6M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $90.00M $20.52M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $59.91M $78.24M
YoY Change -23.43% 28.0%
Long-Term Investments $45.75M $47.27M
YoY Change -3.22% -1.44%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.087B $1.129B
YoY Change -3.73% 20.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $542.9M $548.3M
YoY Change -0.99% 75.23%
SHAREHOLDERS EQUITY
Retained Earnings -$196.8M -$150.4M
YoY Change 30.88% 70.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $540.5M $576.7M
YoY Change
Total Liabilities & Shareholders Equity $1.087B $1.129B
YoY Change -3.73% 20.79%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$11.85M -$7.766M
YoY Change 52.55% -37.05%
Depreciation, Depletion And Amortization $25.72M $12.53M
YoY Change 105.29% -22.07%
Cash From Operating Activities -$5.255M $9.793M
YoY Change -153.66% 57.37%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$106.8M -$68.30M
YoY Change 56.44% 224.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $89.61M $63.52M
YoY Change 41.06% 39.7%
NET CHANGE
Cash From Operating Activities -$5.255M $9.793M
Cash From Investing Activities -$106.8M -$68.30M
Cash From Financing Activities $89.61M $63.52M
Net Change In Cash -$22.49M $5.018M
YoY Change -548.21% -83.64%
FREE CASH FLOW
Cash From Operating Activities -$5.255M $9.793M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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PaymentstoRedeemableNoncontrollingInterest
5000 USD
CY2020Q1 gahr Paymentsto Redeemable Noncontrolling Interest
PaymentstoRedeemableNoncontrollingInterest
25000 USD
CY2021Q1 gahr Payments For Proceeds From Security Deposits Financing Activities
PaymentsForProceedsFromSecurityDepositsFinancingActivities
-17000 USD
CY2020Q1 gahr Payments For Proceeds From Security Deposits Financing Activities
PaymentsForProceedsFromSecurityDepositsFinancingActivities
-1000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2043000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
63522000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1777000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5018000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18125000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15846000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19902000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20864000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17411000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15290000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
714000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
556000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18125000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15846000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19167000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20516000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
735000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
348000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19902000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20864000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
4210000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
4586000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
3000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
5000 USD
CY2021Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1566000 USD
CY2020Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1902000 USD
CY2021Q1 gahr Tenant Improvement Overage
TenantImprovementOverage
56000 USD
CY2020Q1 gahr Tenant Improvement Overage
TenantImprovementOverage
0 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
196000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
0 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
201000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
10000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
11000 USD
CY2021Q1 us-gaap Stock Issued1
StockIssued1
4106000 USD
CY2020Q1 us-gaap Stock Issued1
StockIssued1
6437000 USD
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2776000 USD
CY2020Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4107000 USD
CY2021Q1 gahr Accruedstockholderservicingfee
Accruedstockholderservicingfee
4678000 USD
CY2020Q1 gahr Accruedstockholderservicingfee
Accruedstockholderservicingfee
10955000 USD
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. Organization and Description of Business </span></div><div style="margin-top:9pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Griffin-American Healthcare REIT IV, Inc., a Maryland corporation, invests in a diversified portfolio of real estate properties, focusing primarily on medical office buildings, skilled nursing facilities and senior housing facilities that produce current income. We also operate healthcare-related facilities utilizing the structure permitted by the REIT Investment Diversification and Empowerment Act of 2007, which is commonly referred to as a “RIDEA” structure (the provisions of the Internal Revenue Code of 1986, as amended, or the Code, authorizing the RIDEA structure were enacted as part of the Housing and Economic Recovery Act of 2008). We qualified to be taxed as a real estate investment trust, or REIT, under the Code for federal income tax purposes beginning with our taxable year ended December 31, 2016, and we intend to continue to qualify to be taxed as a REIT.</span></div><div style="margin-top:8pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We raised $754,118,000 through a best efforts initial public offering, or our initial offering, that commenced on February 16, 2016, and issued 75,639,681 aggregate shares of our Class T and Class I common stock. In addition, during our initial offering, we issued 3,253,535 aggregate shares of our Class T and Class I common stock pursuant to our distribution reinvestment plan, as amended, or the DRIP, for a total of $31,021,000 in distributions reinvested. Following the termination of our initial offering on February 15, 2019, we continued issuing shares of our common stock pursuant to the DRIP through a subsequent offering, or the 2019 DRIP Offering, which commenced on March 1, 2019. On March 18, 2021, our board of directors, or our board, authorized the suspension of the DRIP, effective as of April 1, 2021. As of March 31, 2021, a total of $45,577,000 in distributions were reinvested that resulted in 4,772,408 shares of our common stock being issued pursuant to the 2019 DRIP Offering. We collectively refer to the DRIP portion of our initial offering and the 2019 DRIP Offering as our DRIP Offerings. See Note 12, Equity — Distribution Reinvestment Plan, for a further discussion.</span></div><div style="margin-top:8pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We conduct substantially all of our operations through Griffin-American Healthcare REIT IV Holdings, LP, or our operating partnership. We are externally advised by Griffin-American Healthcare REIT IV Advisor, LLC, or our advisor, pursuant to an advisory agreement, or the Advisory Agreement, between us and our advisor. The Advisory Agreement was effective as of February 16, 2016 and had a one-year initial term, subject to successive one-year renewals upon the mutual consent of the parties. The Advisory Agreement was last renewed pursuant to the mutual consent of the parties on February 11, 2021 and expires on February 16, 2022. Our advisor uses its best efforts, subject to the oversight and review of our board, to, among other things, provide asset management, property management, acquisition, disposition and other advisory services on our behalf consistent with our investment policies and objectives. Our advisor performs its duties and responsibilities under the Advisory Agreement as our fiduciary. Our advisor is 75.0% owned and managed by wholly owned subsidiaries of American Healthcare Investors, LLC, or American Healthcare Investors, and 25.0% owned by a wholly owned subsidiary of Griffin Capital Company, LLC, or Griffin Capital, or collectively, our co-sponsors. American Healthcare Investors is 47.1% owned by AHI Group Holdings, LLC, or AHI Group Holdings, 45.1% indirectly owned by Colony Capital, Inc. (NYSE: CLNY), or Colony Capital, and 7.8% owned by James F. Flaherty III, a former partner of Colony Capital. We are not affiliated with Griffin Capital, Griffin Capital Securities, LLC, or our dealer manager, Colony Capital or Mr. Flaherty; however, we are affiliated with our advisor, American Healthcare Investors and AHI Group Holdings. In October 2020, our board established a special committee of our board, or our special committee, which consists of all of our independent directors, to investigate and analyze strategic alternatives, including but not limited to, the sale of our assets, a listing of our shares on a national securities exchange, or a merger with another entity, including a merger with another unlisted entity that we expect would enhance our value.</span></div><div style="margin-top:8pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We currently operate through four reportable business segments: medical office buildings, senior housing, senior housing — RIDEA and skilled nursing facilities. As of March 31, 2021, we owned 89 properties, comprising 94 buildings, or approximately 4,871,000 square feet of gross leasable area, or GLA, for an aggregate contract purchase price of $1,092,381,000. As of March 31, 2021, we also owned a 6.0% interest in a joint venture which owns a portfolio of integrated senior health campuses and ancillary businesses.</span></div>
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
3253535 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
31021000 USD
CY2017 gahr Advisory Agreement Term
AdvisoryAgreementTerm
P1Y
CY2017 gahr Advisory Agreement Term
AdvisoryAgreementTerm
P1Y
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
gahr Numberof Properties Acquiredfrom Unaffiliated Parties
NumberofPropertiesAcquiredfromUnaffiliatedParties
89 Property
gahr Number Of Buildings Acquired From Unaffiliated Parties
NumberOfBuildingsAcquiredFromUnaffiliatedParties
94 Building
CY2021Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
4871000 sqft
gahr Acquisition Aggregated Cost Of Acquired Properties Purchase Price
AcquisitionAggregatedCostOfAcquiredPropertiesPurchasePrice
1092381000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:8pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of our accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as the disclosure of contingent assets and liabilities, at the date of our condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include, but are not limited to, the initial and recurring valuation of certain assets acquired and liabilities assumed through property acquisitions, revenues, allowance for credit losses, impairment of long-lived and intangible assets and contingencies. These estimates are made and evaluated on an on-going basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates, perhaps in material adverse ways, and those estimates could be different under different assumptions or conditions.</span></div>
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Tenant and Resident Receivables and Allowances</span></div><div style="margin-top:8pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Resident receivables are carried net of an allowance for credit losses. An allowance is maintained for estimated losses resulting from the inability of residents and payors to meet the contractual obligations under their lease or service agreements. Substantially all of such allowances are recorded as direct reductions of resident fees and services revenue as contractual adjustments provided to third-party payors or implicit price concessions in our accompanying condensed consolidated statements of operations. Our determination of the adequacy of these allowances is based primarily upon evaluations of historical loss experience, the residents’ financial condition, security deposits, cash collection patterns by payor and by state, current economic conditions, future expectations in estimating credit losses and other relevant factors. Tenant receivables and unbilled deferred rent receivables are reduced for uncollectible amounts, which are recognized as direct reductions of real estate revenue in our accompanying condensed consolidated statements of operations.</span></div>
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2016000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2086000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
305000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
213000 USD
CY2021Q1 gahr Financing Receivable Allowancefor Credit Loss Collectionsor Adjustments
FinancingReceivableAllowanceforCreditLossCollectionsorAdjustments
-19000 USD
CY2020Q1 gahr Financing Receivable Allowancefor Credit Loss Collectionsor Adjustments
FinancingReceivableAllowanceforCreditLossCollectionsorAdjustments
-43000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
356000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
39000 USD
CY2021Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1006594000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1002859000 USD
CY2021Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
89081000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
81279000 USD
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
917513000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
921580000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
7914000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
7839000 USD
CY2021Q1 gahr Capitalized Acquisition Costsand Fees Additions
CapitalizedAcquisitionCostsandFeesAdditions
94000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
59906000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
64101000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4483000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4756000 USD
CY2020 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P8Y9M18D
CY2021Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P8Y9M18D
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7551000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
8647000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7390000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6195000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5017000 USD
CY2021Q1 gahr Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
24758000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
59558000 USD
CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
45749000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
46653000 USD
CY2021Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
13333000 USD
CY2020Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
12395000 USD
CY2021Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
9923000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
9028000 USD
CY2021Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
520000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
426000 USD
CY2021Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
2583000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
2399000 USD
CY2021Q1 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
3867000 USD
CY2020Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
3397000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1254000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1724000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
72842000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
72199000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
470000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
469000 USD
CY2021Q1 gahr Joint Ventureunamortizedbasisdifference
JointVentureunamortizedbasisdifference
16676000 USD
CY2020Q4 gahr Joint Ventureunamortizedbasisdifference
JointVentureunamortizedbasisdifference
16791000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18628000 USD
CY2021Q1 us-gaap Secured Debt
SecuredDebt
17708000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18766000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
17827000 USD
CY2020Q4 gahr Number Of Fixed Rate Mortgage Loans Payable
NumberOfFixedRateMortgageLoansPayable
3 MortgageLoan
CY2021Q1 gahr Number Of Fixed Rate Mortgage Loans Payable
NumberOfFixedRateMortgageLoansPayable
3 MortgageLoan
CY2020Q1 gahr Payoffofmortgageloanpayable
Payoffofmortgageloanpayable
7738000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
17827000 USD
CY2019Q4 us-gaap Secured Debt
SecuredDebt
26070000 USD
CY2021Q1 gahr Amortizationofdeferredfinancingcostsrelatedtomortgage
Amortizationofdeferredfinancingcostsrelatedtomortgage
7000 USD
CY2020Q1 gahr Amortizationofdeferredfinancingcostsrelatedtomortgage
Amortizationofdeferredfinancingcostsrelatedtomortgage
20000 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-12000 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-12000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
138000 USD
CY2020Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
7869000 USD
CY2021Q1 us-gaap Secured Debt
SecuredDebt
17708000 USD
CY2020Q1 us-gaap Secured Debt
SecuredDebt
18233000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
469000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
651000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
680000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
711000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5878000 USD
CY2021Q1 gahr Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
10239000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18628000 USD
CY2018Q4 gahr Line Of Credit Facility Number Of Potential Extensions
LineOfCreditFacilityNumberOfPotentialExtensions
1 Extension
CY2018Q4 gahr Line Of Credit Facility Potential Extension Term
LineOfCreditFacilityPotentialExtensionTerm
P12M
CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
530000000 USD
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
530000000 USD
CY2021Q1 us-gaap Line Of Credit
LineOfCredit
481400000 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
476900000 USD
CY2021Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
1455000 USD
CY2020Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-4605000 USD
CY2021Q1 gahr Amortizationof Identified Intangible Liabilities
AmortizationofIdentifiedIntangibleLiabilities
61000 USD
CY2020Q1 gahr Amortizationof Identified Intangible Liabilities
AmortizationofIdentifiedIntangibleLiabilities
92000 USD
CY2021Q1 gahr Finite Lived Intangible Liabilities Useful Life
FiniteLivedIntangibleLiabilitiesUsefulLife
P11Y7M6D
CY2020 gahr Finite Lived Intangible Liabilities Useful Life
FiniteLivedIntangibleLiabilitiesUsefulLife
P11Y7M6D
CY2021Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Remainder Of Fiscal Year
FiniteLivedIntangibleLiabilitiesAmortizationExpensesRemainderOfFiscalYear
175000 USD
CY2021Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Two
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearTwo
217000 USD
CY2021Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Three
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearThree
207000 USD
CY2021Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Four
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearFour
161000 USD
CY2021Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Five
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearFive
123000 USD
CY2021Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses After Year Five
FiniteLivedIntangibleLiabilitiesAmortizationExpensesAfterYearFive
351000 USD
CY2021Q1 gahr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
1234000 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
2618000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
1462000 USD
CY2021Q1 gahr Proceedsfromredeemablenoncontrollinginterest
Proceedsfromredeemablenoncontrollinginterest
10000 USD
CY2020Q1 gahr Proceedsfromredeemablenoncontrollinginterest
Proceedsfromredeemablenoncontrollinginterest
1118000 USD
CY2021Q1 gahr Paymentsto Redeemable Noncontrolling Interest
PaymentstoRedeemableNoncontrollingInterest
5000 USD
CY2020Q1 gahr Paymentsto Redeemable Noncontrolling Interest
PaymentstoRedeemableNoncontrollingInterest
25000 USD
CY2021Q1 gahr Adjustments To Additional Paid In Capital Adjustment To Redeemable Noncontrolling Interests
AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests
140000 USD
CY2020Q1 gahr Adjustments To Additional Paid In Capital Adjustment To Redeemable Noncontrolling Interests
AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests
108000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-140000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-83000 USD
CY2021Q1 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
2623000 USD
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RedeemableNoncontrollingInterestEquityFairValue
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0.01
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0.01
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0 shares
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PreferredStockSharesIssued
0 shares
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PreferredStockSharesOutstanding
0 shares
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PreferredStockSharesOutstanding
0 shares
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CommonStockParOrStatedValuePerShare
0.01
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CommonStockParOrStatedValuePerShare
0.01
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8025943 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CommonStockRepurchasedDuringPeriodUnderShareRepurchasePlanShares
2094110 shares
CY2021Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
4106000 USD
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ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
76598000 USD
us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
72492000 USD
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StockIssuedDuringPeriodSharesDividendReinvestmentPlan
8025943 shares
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StockIssuedDuringPeriodSharesDividendReinvestmentPlan
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gahr Maximum Percentage Of Common Stock Repurchased During Period
MaximumPercentageOfCommonStockRepurchasedDuringPeriod
0.050
CY2021Q1 gahr Share Repurchase Plan Percentageof Priceper Share Condition Two
ShareRepurchasePlanPercentageofPriceperShareConditionTwo
1
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
72339 shares
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StockRepuchasedDuringPeriodValueUnderShareRepurchasePlanValue
714000 USD
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StockAcquiredAverageCostPerShare
9.86
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2094110 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2021771 shares
gahr Stock Repuchased During Period Value Under Share Repurchase Plan Value
StockRepuchasedDuringPeriodValueUnderShareRepurchasePlanValue
19584000 USD
gahr Stock Repuchased During Period Value Under Share Repurchase Plan Value
StockRepuchasedDuringPeriodValueUnderShareRepurchasePlanValue
18870000 USD
gahr Stock Acquired Average Cost Per Share
StockAcquiredAverageCostPerShare
9.35
gahr Stock Acquired Average Cost Per Share
StockAcquiredAverageCostPerShare
9.33
CY2021Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
3133000 USD
CY2020Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4284000 USD
CY2021Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
1042000 USD
CY2020Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
1046000 USD
CY2021Q1 us-gaap Secured Debt
SecuredDebt
17708000 USD
CY2021Q1 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
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CY2020Q4 us-gaap Secured Debt
SecuredDebt
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CY2020Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
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CY2021Q1 gahr Linesofcreditandtermloannet
Linesofcreditandtermloannet
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LineOfCreditFacilityFairValueOfAmountOutstanding
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CY2020Q4 gahr Linesofcreditandtermloannet
Linesofcreditandtermloannet
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LineOfCreditFacilityFairValueOfAmountOutstanding
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DeferredFederalIncomeTaxExpenseBenefit
1124000 USD
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DeferredFederalIncomeTaxExpenseBenefit
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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DeferredStateAndLocalIncomeTaxExpenseBenefit
93000 USD
CY2021Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
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CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2020Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
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1490000 USD
CY2020Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
364000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
21946000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
21463000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
4944000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
4455000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
48945000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
62515000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
58043000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
52265000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
530000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
45745000 USD
CY2021Q1 gahr Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
266658000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
534171000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
209000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
209000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P79Y2M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P79Y6M
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0574
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0574
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
417000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
526000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
534000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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538000 USD
CY2021Q1 gahr Lessee Operating Lease Liability To Be Paid After Year Four
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46565000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
49110000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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39169000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
9941000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2021Q1 us-gaap Operating Leases Income Statement Lease Revenue
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21946000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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15895000 USD
CY2021Q1 us-gaap Revenues
Revenues
37841000 USD
CY2021Q1 us-gaap Operating Lease Expense
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6024000 USD
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15194000 USD
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Segmentnetoperatingincome
16623000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3747000 USD
CY2021Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
314000 USD
CY2020Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-4605000 USD
CY2021Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
1455000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
12402000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
4726000 USD
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-904000 USD
CY2021Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
7000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-4008000 USD
CY2020Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
21463000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16081000 USD
CY2020Q1 us-gaap Revenues
Revenues
37544000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
5822000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
13017000 USD
CY2020Q1 gahr Segmentnetoperatingincome
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18705000 USD
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GeneralAndAdministrativeExpense
4448000 USD
CY2020Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
9000 USD
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
12530000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
5310000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
255000 USD
CY2020Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
9000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
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CY2021Q1 us-gaap Assets
Assets
1086640000 USD
CY2020Q4 us-gaap Assets
Assets
1092773000 USD
CY2021Q1 gahr Concentration Risk Number Of States That Generated At Least Ten Percent Of Annualized Base Rent
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2 State
CY2021Q1 gahr Minimum Percent Share Of Each State Annualized Base Rent That Company Owned
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0.100
CY2021Q1 us-gaap Number Of Reportable Segments
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4 segment
CY2021Q1 gahr Number Of Tenants With More Than Ten Percent Of Annual Base Rent
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1 tenant
CY2021Q1 gahr Minimum Percent Share Of Annualized Base Rent Accounted By Tenants
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0.100
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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4000 USD
CY2020Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
7000 USD

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