2024 Q1 Form 10-Q Financial Statement

#000163297024000057 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q1
Revenue $499.5M $408.6M
YoY Change 22.25% 28.11%
Cost Of Revenue $403.6M $370.1M
YoY Change 9.05% 28.9%
Gross Profit $95.90M $38.48M
YoY Change 149.2% 20.97%
Gross Profit Margin 19.2% 9.42%
Selling, General & Admin $25.56M
YoY Change
% of Gross Profit 26.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $42.77M $44.67M
YoY Change -4.26% 5.58%
% of Gross Profit 44.59% 116.07%
Operating Expenses $68.32M
YoY Change
Operating Profit $82.18M $66.89M
YoY Change 22.86% -9.23%
Interest Expense $36.44M $39.01M
YoY Change -6.6% 67.25%
% of Operating Profit 44.34% 58.33%
Other Income/Expense, Net -$27.53M -$36.30M
YoY Change -24.17% 74.44%
Pretax Income -$2.726M -$27.47M
YoY Change -90.08% 3668.45%
Income Tax $278.0K $143.0K
% Of Pretax Income
Net Earnings -$3.892M -$25.87M
YoY Change -84.96% 775.24%
Net Earnings / Revenue -0.78% -6.33%
Basic Earnings Per Share -$0.04 -$0.39
Diluted Earnings Per Share -$0.04 -$0.39
COMMON SHARES
Basic Shares Outstanding 65.37M shares 66.03M shares
Diluted Shares Outstanding 104.3M shares 66.03M shares

Balance Sheet

Concept 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $77.03M
YoY Change
Cash & Equivalents $77.03M $41.35M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $20.74M $19.05M
Prepaid Expenses
Receivables $215.9M
Other Receivables $0.00
Total Short-Term Assets $292.9M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $3.700B
YoY Change
Goodwill $234.9M $234.9M
YoY Change 0.0% 10.97%
Intangibles $187.8M $219.3M
YoY Change -14.35% -9.07%
Long-Term Investments $19.41M $15.40M
YoY Change 26.05% -32.24%
Other Assets $134.0M
YoY Change
Total Long-Term Assets $4.411B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $292.9M
Total Long-Term Assets $4.411B
Total Assets $4.703B $4.748B
YoY Change -0.93% 4.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $257.3M
YoY Change
Accrued Expenses $219.8M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $477.1M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $2.029B
YoY Change
Other Long-Term Liabilities $54.74M
YoY Change
Total Long-Term Liabilities $2.084B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $477.1M
Total Long-Term Liabilities $2.084B
Total Liabilities $2.561B $3.161B
YoY Change -18.99% 14.93%
SHAREHOLDERS EQUITY
Retained Earnings -$1.313B -$1.181B
YoY Change 11.22% 20.41%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.961B $1.364B
YoY Change
Total Liabilities & Shareholders Equity $4.703B $4.748B
YoY Change -0.93% 4.2%

Cashflow Statement

Concept 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$3.892M -$25.87M
YoY Change -84.96% 775.24%
Depreciation, Depletion And Amortization $42.77M $44.67M
YoY Change -4.26% 5.58%
Cash From Operating Activities -$5.954M $23.86M
YoY Change -124.95% 6.72%
INVESTING ACTIVITIES
Capital Expenditures $20.24M
YoY Change
Acquisitions $0.00 $335.0K
YoY Change -100.0%
Other Investing Activities $15.02M
YoY Change
Cash From Investing Activities -$5.223M -$33.32M
YoY Change -84.32% 21.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $78.00K
YoY Change -98.11%
Debt Paid & Issued, Net $176.1M
YoY Change
Cash From Financing Activities $44.96M -$14.30M
YoY Change -414.42% 994.11%
NET CHANGE
Cash From Operating Activities -$5.954M $23.86M
Cash From Investing Activities -$5.223M -$33.32M
Cash From Financing Activities $44.96M -$14.30M
Net Change In Cash $33.79M -$23.76M
YoY Change -242.21% 276.26%
FREE CASH FLOW
Cash From Operating Activities -$5.954M $23.86M
Capital Expenditures $20.24M
Free Cash Flow -$26.19M
YoY Change

Facts In Submission

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CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2024Q1 us-gaap Operating Lease Payments
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CY2024Q1 gahr Increase Decrease In Security Deposits Prepaid Rent And Other Liabilities
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CY2023Q1 gahr Increase Decrease In Security Deposits Prepaid Rent And Other Liabilities
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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23862000 usd
CY2024Q1 gahr Payments To Develop Real Estate Assets And Payments For Capital Expenditures
PaymentsToDevelopRealEstateAssetsAndPaymentsForCapitalExpenditures
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CY2023Q1 gahr Payments To Develop Real Estate Assets And Payments For Capital Expenditures
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21500000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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14522000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
6901000 usd
CY2024Q1 us-gaap Payments To Acquire Real Estate
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352000 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
11680000 usd
CY2024Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
CY2023Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
335000 usd
CY2024Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
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CY2023Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6000000 usd
CY2024Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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CY2023Q1 us-gaap Payments To Acquire Notes Receivable
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CY2024Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
8383000 usd
CY2023Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
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CY2024Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
137000 usd
CY2023Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
705000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024Q1 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
15535000 usd
CY2023Q1 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
7700000 usd
CY2024Q1 us-gaap Repayments Of Secured Debt
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181190000 usd
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5122000 usd
CY2024Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
147600000 usd
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
113600000 usd
CY2024Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
612323000 usd
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
82100000 usd
CY2024Q1 gahr Payments On Financing And Other Obligations
PaymentsOnFinancingAndOtherObligations
782000 usd
CY2023Q1 gahr Payments On Financing And Other Obligations
PaymentsOnFinancingAndOtherObligations
733000 usd
CY2024Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5838000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1048000 usd
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
772800000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2024Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
47534000 usd
CY2023Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3000 usd
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16596000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26492000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
78000 usd
CY2024Q1 gahr Payments To Acquire Noncontrolling Interest
PaymentsToAcquireNoncontrollingInterest
441000 usd
CY2023Q1 gahr Payments To Acquire Noncontrolling Interest
PaymentsToAcquireNoncontrollingInterest
0 usd
CY2024Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
991000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
4076000 usd
CY2024Q1 gahr Repurchaseofstockwarrantsandredeemablenoncontrollinginterests
Repurchaseofstockwarrantsandredeemablenoncontrollinginterests
25312000 usd
CY2023Q1 gahr Repurchaseofstockwarrantsandredeemablenoncontrollinginterests
Repurchaseofstockwarrantsandredeemablenoncontrollinginterests
15803000 usd
CY2024Q1 gahr Increase Decrease In Security Deposits Financing Activities
IncreaseDecreaseInSecurityDepositsFinancingActivities
48000 usd
CY2023Q1 gahr Increase Decrease In Security Deposits Financing Activities
IncreaseDecreaseInSecurityDepositsFinancingActivities
-145000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44962000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
33785000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-23757000 usd
CY2024Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-36000 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90782000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111906000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124531000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88229000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43445000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65052000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
47337000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
46854000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90782000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111906000 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
77026000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
41346000 usd
CY2024Q1 us-gaap Restricted Cash
RestrictedCash
47505000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
46883000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
124531000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
88229000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
35617000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
37424000 usd
CY2024Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
157000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
383000 usd
CY2024Q1 gahr Developments And Capital Expenditures Incurred But Not Yet Paid
DevelopmentsAndCapitalExpendituresIncurredButNotYetPaid
24127000 usd
CY2023Q1 gahr Developments And Capital Expenditures Incurred But Not Yet Paid
DevelopmentsAndCapitalExpendituresIncurredButNotYetPaid
26102000 usd
CY2024Q1 gahr Finance Leasesequipmentandautoobligationsincurred
FinanceLeasesequipmentandautoobligationsincurred
353000 usd
CY2023Q1 gahr Finance Leasesequipmentandautoobligationsincurred
FinanceLeasesequipmentandautoobligationsincurred
0 usd
CY2024Q1 gahr Tenant Improvement Overage
TenantImprovementOverage
1553000 usd
CY2023Q1 gahr Tenant Improvement Overage
TenantImprovementOverage
0 usd
CY2024Q1 gahr Noncash Or Part Noncash Acquisition Mortgage Loans Payable Acquired Net Of Loan Discount
NoncashOrPartNoncashAcquisitionMortgageLoansPayableAcquiredNetOfLoanDiscount
91472000 usd
CY2023Q1 gahr Noncash Or Part Noncash Acquisition Mortgage Loans Payable Acquired Net Of Loan Discount
NoncashOrPartNoncashAcquisitionMortgageLoansPayableAcquiredNetOfLoanDiscount
0 usd
CY2024Q1 gahr Noncashreclassificationofnoncontrollinginterest
Noncashreclassificationofnoncontrollinginterest
15282000 usd
CY2023Q1 gahr Noncashreclassificationofnoncontrollinginterest
Noncashreclassificationofnoncontrollinginterest
0 usd
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
32900000 usd
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16554000 usd
CY2024Q1 gahr Distributions Declared But Not Yet Paid To Limited Partnership Units
DistributionsDeclaredButNotYetPaidToLimitedPartnershipUnits
875000 usd
CY2023Q1 gahr Distributions Declared But Not Yet Paid To Limited Partnership Units
DistributionsDeclaredButNotYetPaidToLimitedPartnershipUnits
875000 usd
CY2024Q1 gahr Distributions Declared But Not Yet Paid To Restricted Stock Units
DistributionsDeclaredButNotYetPaidToRestrictedStockUnits
294000 usd
CY2023Q1 gahr Distributions Declared But Not Yet Paid To Restricted Stock Units
DistributionsDeclaredButNotYetPaidToRestrictedStockUnits
68000 usd
CY2024Q1 gahr Accrued Offering Costs
AccruedOfferingCosts
2446000 usd
CY2023Q1 gahr Accrued Offering Costs
AccruedOfferingCosts
1255000 usd
CY2024Q1 gahr Noncash Or Part Noncash Acquisition And Disposals Accounts And Other Receivables Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsAccountsAndOtherReceivablesAssumed
343000 usd
CY2023Q1 gahr Noncash Or Part Noncash Acquisition And Disposals Accounts And Other Receivables Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsAccountsAndOtherReceivablesAssumed
-952000 usd
CY2024Q1 gahr Noncashor Part Noncash Acquisitionsand Disposals Increase Decreasein Other Assets
NoncashorPartNoncashAcquisitionsandDisposalsIncreaseDecreaseinOtherAssets
-3749000 usd
CY2023Q1 gahr Noncashor Part Noncash Acquisitionsand Disposals Increase Decreasein Other Assets
NoncashorPartNoncashAcquisitionsandDisposalsIncreaseDecreaseinOtherAssets
162000 usd
CY2024Q1 gahr Noncash Or Part Noncash Acquisition And Disposals Payables Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsPayablesAssumed
-12000 usd
CY2023Q1 gahr Noncash Or Part Noncash Acquisition And Disposals Payables Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsPayablesAssumed
548000 usd
CY2024Q1 gahr Noncash Or Part Noncash Acquisition And Disposals Financing Obligations Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsFinancingObligationsAssumed
0 usd
CY2023Q1 gahr Noncash Or Part Noncash Acquisition And Disposals Financing Obligations Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsFinancingObligationsAssumed
12000 usd
CY2024Q1 gahr Noncash Or Part Noncash Acquisition And Disposals Security Deposits Prepaid Rent And Other Liabilities Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsSecurityDepositsPrepaidRentAndOtherLiabilitiesAssumed
-236000 usd
CY2023Q1 gahr Noncash Or Part Noncash Acquisition And Disposals Security Deposits Prepaid Rent And Other Liabilities Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsSecurityDepositsPrepaidRentAndOtherLiabilitiesAssumed
312000 usd
CY2024Q1 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:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Overview and Background</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%">American Healthcare REIT, Inc., a Maryland corporation, is a self-managed real estate investment trust, or REIT, that acquires, owns and operates a diversified portfolio of clinical healthcare real estate properties, focusing primarily on outpatient medical buildings, senior housing, skilled nursing facilities, or SNFs, and other healthcare-related facilities. 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). Our healthcare facilities operated under a RIDEA structure include our senior housing operating properties, or SHOP, and our integrated senior health campuses. We have originated and acquired secured loans and may also originate and acquire other real estate-related investments on an infrequent and opportunistic basis. We generally seek investments that produce current income; however, we have selectively developed, and may continue to selectively develop, healthcare real estate properties. We have elected to be taxed as a REIT for U.S. federal income tax purposes. We believe that we have been organized and operated, and we intend to continue to operate, in conformity with the requirements for qualification and taxation as a REIT under the Code. </span></div><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%">Operating Partnership</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 our operating partnership, and we are the sole general partner of our operating partnership. As of March 31, 2024 and December 31, 2023</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">we owned 97.4% and 95.0%, respectively, of the partnership units, or OP units, in our operating partnership, and the remaining 2.6% and 5.0%, respectively, limited OP units were owned by AHI Group Holdings, LLC, which is owned and controlled by Jeffrey T. Hanson, the non-executive Chairman of our board of directors, or our board, Danny Prosky, our Chief Executive Officer, President and director, and Mathieu B. Streiff, one of our directors; Platform Healthcare Investor TII, LLC; Flaherty Trust; and a wholly owned subsidiary of Griffin Capital Company, LLC, or collectively, the Limited Partners. See Note 11, Redeemable Noncontrolling Interests, and Note 12, Equity — Noncontrolling Interests in Total Equity, for a further discussion of the ownership in our operating partnership.</span></div><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%">Public Offerings and Listing</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 issued an aggregate 65,445,557 shares of Class T common stock and Class I common stock, for a total of $2,737,716,000 in gross offering proceeds, since February 26, 2014 in our initial public offerings and our distribution reinvestment plan, or DRIP, offerings. Our initial public offerings were terminated as of April 2019.</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%">On February 9, 2024, pursuant to a Registration Statement filed with the United States Securities and Exchange Commission, or SEC, on Form S-11 (File No. 333-267464), as amended, we closed our underwritten public offering, or the 2024 Offering, through which we issued 64,400,000 shares of Common Stock, for a total of $772,800,000 in gross offering proceeds. Such amounts include the exercise in full of the underwriters’ overallotment option to purchase up to an additional 8,400,000 shares of Common Stock. These shares are listed on the New York Stock Exchange, or NYSE, under the trading symbol “AHR” and began trading on February 7, 2024. </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%">Following the closing of the 2024 Offering, we are presenting Common Stock, Class T common stock and Class I common stock, or collectively, common stock, as separate classes within our condensed consolidated balance sheets and condensed consolidated statements of equity. Any references to “Common Stock” in this Quarterly Report on Form 10-Q refer to our NYSE-listed shares sold through the 2024 Offering, whereas Class T common stock and Class I common stock refer to our classes of common stock that are not NYSE-listed. This applies to all historical periods presented herein.</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%">See Note 12, Equity — Common Stock, and Note 12, Equity — Distribution Reinvestment Plan, for a further discussion of our public offerings. </span></div><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%">Our Real Estate Investments Portfolio</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: integrated senior health campuses, outpatient medical, or OM, SHOP and triple-net leased properties. As of March 31, 2024, we owned and/or operated 318 buildings and integrated senior health campuses, representing approximately 19,451,000 square feet of gross leasable area, for an aggregate contract </span></div><div style="margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">purchase price of $4,566,829,000. In addition, as of March 31, 2024, we also owned a real estate-related debt investment purchased for $60,429,000.</span></div>
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q1 gahr Number Of Buildings And Integrated Senior Health Campuses Owned And Or Operated
NumberOfBuildingsAndIntegratedSeniorHealthCampusesOwnedAndOrOperated
318 campus
CY2024Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
19451000 sqft
gahr Acquisition Aggregated Cost Of Acquired Properties Purchase Price Netof Disposals
AcquisitionAggregatedCostOfAcquiredPropertiesPurchasePriceNetofDisposals
4566829000 usd
gahr Acquisition Aggregated Cost Of Acquired Real Estate Related Investment Purchase Price
AcquisitionAggregatedCostOfAcquiredRealEstateRelatedInvestmentPurchasePrice
60429000 usd
CY2024Q1 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 including through business combinations, goodwill and its impairment, revenues and grant income, allowance for credit losses, impairment of long-lived and intangible assets and contingencies. These estimates are made and evaluated on an ongoing 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>
CY2024Q1 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%">Resident and Tenant 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, which are related to resident fees and services revenue, 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 and comprehensive loss. 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, which are related to real estate revenue, and unbilled deferred rent receivables are reduced for amounts where collectability is not probable, which are recognized as direct reductions of real estate revenue in our accompanying condensed consolidated statements of operations and comprehensive loss.</span></div>
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
17037000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14071000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
6603000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
4037000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3258000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1890000 usd
CY2024Q1 gahr Accounts Receivable Allowancefor Credit Loss Period Increase Decreasefrom Collectionsor Adjustments
AccountsReceivableAllowanceforCreditLossPeriodIncreaseDecreasefromCollectionsorAdjustments
1856000 usd
CY2023Q1 gahr Accounts Receivable Allowancefor Credit Loss Period Increase Decreasefrom Collectionsor Adjustments
AccountsReceivableAllowanceforCreditLossPeriodIncreaseDecreasefromCollectionsorAdjustments
1827000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18526000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
14391000 usd
CY2023Q1 gahr Number Of Real Estate Investment To Be Disposed Of
NumberOfRealEstateInvestmentToBeDisposedOf
0 campus
CY2024Q1 gahr Reimbursement Of Payroll Related Costs To Managers
ReimbursementOfPayrollRelatedCostsToManagers
46931000 usd
CY2023Q4 gahr Reimbursement Of Payroll Related Costs To Managers
ReimbursementOfPayrollRelatedCostsToManagers
42698000 usd
CY2024Q1 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
44691000 usd
CY2023Q4 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
44548000 usd
CY2024Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
32900000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16557000 usd
CY2024Q1 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
24374000 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
23549000 usd
CY2024Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4261338000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4177595000 usd
CY2024Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
782565000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
752157000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3478773000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3425438000 usd
CY2024Q1 us-gaap Depreciation
Depreciation
37135000 usd
CY2023Q1 us-gaap Depreciation
Depreciation
35899000 usd
CY2024Q1 gahr Capital Expenditures Incurred
CapitalExpendituresIncurred
13637000 usd
CY2024Q1 gahr Number Of Real Estate Investment To Be Disposed Of
NumberOfRealEstateInvestmentToBeDisposedOf
2 usd
CY2024Q1 gahr Contract Sale Price Of Disposition
ContractSalePriceOfDisposition
11136000 usd
CY2024Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
87984000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86935000 usd
CY2024Q1 gahr Heldto Maturity Debt Securities Unamortizedclosingcosts
HeldtoMaturityDebtSecuritiesUnamortizedclosingcosts
413000 usd
CY2023Q4 gahr Heldto Maturity Debt Securities Unamortizedclosingcosts
HeldtoMaturityDebtSecuritiesUnamortizedclosingcosts
489000 usd
CY2024Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1125000 usd
CY2023Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1020000 usd
CY2024Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
76000 usd
CY2023Q1 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
65000 usd
CY2024Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
48541000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
47540000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
187814000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
180470000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5713000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17071000 usd
CY2024Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P6Y8M12D
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y9M18D
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
18094000 usd
CY2024Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Remainder Of Fiscal Year
FiniteLivedIntangibleLiabilitiesAmortizationExpensesRemainderOfFiscalYear
782000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9522000 usd
CY2024Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Two
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearTwo
956000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7727000 usd
CY2024Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Three
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearThree
840000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7203000 usd
CY2024Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Four
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearFour
825000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6150000 usd
CY2024Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Five
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearFive
709000 usd
CY2024Q1 gahr Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
18913000 usd
CY2024Q1 gahr Finite Lived Intangible Liabilities Amortization Expenses After Year Five
FiniteLivedIntangibleLiabilitiesAmortizationExpensesAfterYearFive
1693000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
67609000 usd
CY2024Q1 gahr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
5805000 usd
CY2024Q1 gahr Prepaid Expense Deposits Other Assets And Deferred Tax Assets
PrepaidExpenseDepositsOtherAssetsAndDeferredTaxAssets
32729000 usd
CY2023Q4 gahr Prepaid Expense Deposits Other Assets And Deferred Tax Assets
PrepaidExpenseDepositsOtherAssetsAndDeferredTaxAssets
33204000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
20741000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
19472000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
19411000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
20611000 usd
CY2024Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
7500000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
7231000 usd
CY2024Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
17442000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
17565000 usd
CY2024Q1 us-gaap Derivative Assets
DerivativeAssets
5491000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
1463000 usd
CY2024Q1 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
7117000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
8494000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5207000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3830000 usd
CY2024Q1 gahr Accumulated Amortization Lease Inducements
AccumulatedAmortizationLeaseInducements
2632000 usd
CY2023Q4 gahr Accumulated Amortization Lease Inducements
AccumulatedAmortizationLeaseInducements
2544000 usd
CY2024Q1 gahr Lease Inducements Weighted Average Remaining Life
LeaseInducementsWeightedAverageRemainingLife
P6Y8M12D
CY2023 gahr Lease Inducements Weighted Average Remaining Life
LeaseInducementsWeightedAverageRemainingLife
P6Y10M24D
CY2024Q1 us-gaap Incentive To Lessee
IncentiveToLessee
2368000 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
2456000 usd
CY2024Q1 us-gaap Other Assets
OtherAssets
151930000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
146141000 usd
CY2024Q1 gahr Amortizationof Deferred Lease Inducements
AmortizationofDeferredLeaseInducements
88000 usd
CY2023Q1 gahr Amortizationof Deferred Lease Inducements
AmortizationofDeferredLeaseInducements
88000 usd
CY2024Q1 gahr Number Of Fixed Rate Mortgage Loans Payable
NumberOfFixedRateMortgageLoansPayable
90 mortgageloan
CY2023Q4 gahr Number Of Fixed Rate Mortgage Loans Payable
NumberOfFixedRateMortgageLoansPayable
76 mortgageloan
CY2024Q1 gahr Number Of Variable Rate Mortgage Loans Payable
NumberOfVariableRateMortgageLoansPayable
5 mortgageloan
CY2023Q4 gahr Number Of Variable Rate Mortgage Loans Payable
NumberOfVariableRateMortgageLoansPayable
13 mortgageloan
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1255120000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1326313000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
151000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
167000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
15972000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
14371000 usd
CY2024Q1 us-gaap Secured Debt
SecuredDebt
1228435000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
1302396000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
1302396000 usd
CY2022Q4 us-gaap Secured Debt
SecuredDebt
1229847000 usd
CY2024Q1 gahr Proceeds From Mortgage Loans
ProceedsFromMortgageLoans
15535000 usd
CY2023Q1 gahr Proceeds From Mortgage Loans
ProceedsFromMortgageLoans
7700000 usd
CY2024Q1 gahr Assumption Of Debt In Business Combination
AssumptionOfDebtInBusinessCombination
91472000 usd
CY2023Q1 gahr Assumption Of Debt In Business Combination
AssumptionOfDebtInBusinessCombination
0 usd
CY2024Q1 gahr Amortizationofdeferredfinancingcostsrelatedtomortgage
Amortizationofdeferredfinancingcostsrelatedtomortgage
780000 usd
CY2023Q1 gahr Amortizationofdeferredfinancingcostsrelatedtomortgage
Amortizationofdeferredfinancingcostsrelatedtomortgage
577000 usd
CY2024Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1374000 usd
CY2023Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
885000 usd
CY2024Q1 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
5045000 usd
CY2023Q1 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
5122000 usd
CY2024Q1 gahr Early Payoff Of Mortgage Payable
EarlyPayoffOfMortgagePayable
176145000 usd
CY2023Q1 gahr Early Payoff Of Mortgage Payable
EarlyPayoffOfMortgagePayable
0 usd
CY2024Q1 gahr Capitalizeddeferredfinancingcostsformortgages
Capitalizeddeferredfinancingcostsformortgages
1932000 usd
CY2023Q1 gahr Capitalizeddeferredfinancingcostsformortgages
Capitalizeddeferredfinancingcostsformortgages
142000 usd
CY2024Q1 us-gaap Secured Debt
SecuredDebt
1228435000 usd
CY2023Q1 us-gaap Secured Debt
SecuredDebt
1233745000 usd
CY2024Q1 gahr Early Payoff Of Mortgage Payable
EarlyPayoffOfMortgagePayable
176145000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
177717000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
168275000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
158331000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
55125000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
105126000 usd
CY2024Q1 gahr Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
590546000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1255120000 usd
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
6417000 usd
CY2023Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-195000 usd
CY2023Q4 gahr Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest With Redemption Features Outstanding
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterestWithRedemptionFeaturesOutstanding
0.010
CY2024Q1 gahr Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest With Redemption Features Outstanding
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterestWithRedemptionFeaturesOutstanding
0.010
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
33843000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
81598000 usd
CY2024Q1 gahr Noncontrolling Interest Reclassification From Equity
NoncontrollingInterestReclassificationFromEquity
-21000 usd
CY2023Q1 gahr Noncontrolling Interest Reclassification From Equity
NoncontrollingInterestReclassificationFromEquity
-21000 usd
CY2024Q1 gahr Noncontrolling Interest Reclassification To Equity
NoncontrollingInterestReclassificationToEquity
15303000 usd
CY2023Q1 gahr Noncontrolling Interest Reclassification To Equity
NoncontrollingInterestReclassificationToEquity
0 usd
CY2024Q1 gahr Redeemable Noncontrolling Interest Distributions
RedeemableNoncontrollingInterestDistributions
3000 usd
CY2023Q1 gahr Redeemable Noncontrolling Interest Distributions
RedeemableNoncontrollingInterestDistributions
454000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 usd
CY2023Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
15870000 usd
CY2024Q1 gahr Adjustments To Additional Paid In Capital Adjustment To Redeemable Noncontrolling Interests
AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests
-6901000 usd
CY2023Q1 gahr Adjustments To Additional Paid In Capital Adjustment To Redeemable Noncontrolling Interests
AdjustmentsToAdditionalPaidInCapitalAdjustmentToRedeemableNoncontrollingInterests
-5043000 usd
CY2024Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-21000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-368000 usd
CY2024Q1 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
11636000 usd
CY2023Q1 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
59884000 usd
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
724625000 usd
CY2024Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
176145000 usd
CY2024Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
545010000 usd
CY2023Q1 gahr Stock Acquired Average Cost Per Share
StockAcquiredAverageCostPerShare
37.16
CY2023Q4 gahr Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest With Redemption Features Outstanding
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterestWithRedemptionFeaturesOutstanding
0.010
CY2024Q1 gahr Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest With Redemption Features Outstanding
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterestWithRedemptionFeaturesOutstanding
0.010
CY2024Q1 gahr Operating Partnership Units Outstanding Presented In Total Equity Percent
OperatingPartnershipUnitsOutstandingPresentedInTotalEquityPercent
0.026
CY2024Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
87984000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
93323000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86935000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
93304000 usd
CY2024Q1 us-gaap Secured Debt
SecuredDebt
1228435000 usd
CY2024Q1 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
1090173000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
1302396000 usd
CY2023Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
1185260000 usd
CY2024Q1 gahr Linesofcreditandtermloannet
Linesofcreditandtermloannet
754101000 usd
CY2024Q1 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
759966000 usd
CY2023Q4 gahr Linesofcreditandtermloannet
Linesofcreditandtermloannet
1220137000 usd
CY2023Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
1225890000 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
91000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
16000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1155000 usd
CY2024Q1 gahr Operating Lease Revenue
OperatingLeaseRevenue
46008000 usd
CY2023Q1 gahr Operating Lease Revenue
OperatingLeaseRevenue
42303000 usd
CY2024Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9659000 usd
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
10040000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
101827000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
127211000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
117487000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
111745000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
100456000 usd
CY2024Q1 gahr Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
486642000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1045368000 usd
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
10776000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
11923000 usd
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
561000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
303000 usd
CY2024Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
157000 usd
CY2023Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
91000 usd
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
144000 usd
CY2023Q1 us-gaap Sublease Income
SubleaseIncome
156000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
11350000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
12161000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y2M12D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M12D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0577
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0576
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0779
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0778
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
157000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
26936000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
35153000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
35074000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
35617000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
35707000 usd
CY2024Q1 gahr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
166314000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
334801000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
115034000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
219767000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
63000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
31000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q1 gahr Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
94000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
5000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
89000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2023Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
6 segment
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
452118000 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
47415000 usd
CY2024Q1 us-gaap Revenues
Revenues
499533000 usd
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
403629000 usd
CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
13727000 usd
CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
82177000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11828000 usd
CY2024Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2782000 usd
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
42767000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
36438000 usd
CY2024Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
6417000 usd
CY2024Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2263000 usd
CY2024Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1205000 usd
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-426000 usd
CY2024Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
1863000 usd
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-27526000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2726000 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
278000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-3004000 usd
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
408630000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
43596000 usd
CY2023Q1 us-gaap Revenues
Revenues
452226000 usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
370146000 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
15195000 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
66885000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13053000 usd
CY2023Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
332000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
44670000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
39011000 usd
CY2023Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-195000 usd
CY2023Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-132000 usd
CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-306000 usd
CY2023Q1 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
726000 usd
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1008000 usd
CY2023Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
1608000 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-36302000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-27472000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
143000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-27615000 usd
CY2024Q1 us-gaap Assets
Assets
4703430000 usd
CY2023Q4 us-gaap Assets
Assets
4577933000 usd
CY2024Q1 us-gaap Revenues
Revenues
499533000 usd
CY2023Q1 us-gaap Revenues
Revenues
452226000 usd
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3478773000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3425438000 usd
CY2024Q1 gahr Concentration Risk Number Of States That Generated At Least Ten Percent Of Annualized Base Rent
ConcentrationRiskNumberOfStatesThatGeneratedAtLeastTenPercentOfAnnualizedBaseRent
2 state
CY2024Q1 gahr Minimum Percent Share Of Each State Annualized Base Rent That Company Owned
MinimumPercentShareOfEachStateAnnualizedBaseRentThatCompanyOwned
0.100
CY2024Q1 gahr Number Of Tenants With More Than Ten Percent Of Annual Base Rent
NumberOfTenantsWithMoreThanTenPercentOfAnnualBaseRent
0 tenant
CY2024Q1 gahr Minimum Percent Share Of Annualized Base Rent Accounted By Tenants
MinimumPercentShareOfAnnualizedBaseRentAccountedByTenants
0.100
CY2024Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1095000 usd
CY2023Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
926000 usd
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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