2024 Q3 Form 10-Q Financial Statement

#000163297024000085 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $476.8M $458.0M
YoY Change 14.57% 11.54%
Cost Of Revenue $417.1M $402.6M
YoY Change 11.35% 8.06%
Gross Profit $59.71M $55.45M
YoY Change 43.51% 45.64%
Gross Profit Margin 12.52% 12.11%
Selling, General & Admin $25.07M $25.07M
YoY Change -3.26% -5.14%
% of Gross Profit 41.99% 45.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.61M $36.87M
YoY Change 1.84% -0.74%
% of Gross Profit 62.99% 66.49%
Operating Expenses $69.32M $70.33M
YoY Change -7.81% -1.12%
Operating Profit $93.54M $88.69M
YoY Change 24.61% 10.36%
Interest Expense $30.40M $30.60M
YoY Change -27.64% -25.36%
% of Operating Profit 32.5% 34.5%
Other Income/Expense, Net -$36.66M -$28.06M
YoY Change 87.18% -18.73%
Pretax Income -$2.830M $3.612M
YoY Change -54.07% -131.36%
Income Tax $263.0K $686.0K
% Of Pretax Income 18.99%
Net Earnings -$4.126M $1.979M
YoY Change -31.11% -116.24%
Net Earnings / Revenue -0.87% 0.43%
Basic Earnings Per Share -$0.03 $0.01
Diluted Earnings Per Share -$0.03 $0.01
COMMON SHARES
Basic Shares Outstanding 131.6M shares 130.5M shares
Diluted Shares Outstanding 133.7M shares 130.7M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.85M $52.09M
YoY Change 92.88% 7.6%
Cash & Equivalents $67.85M $52.09M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $20.23M $20.04M
Prepaid Expenses
Receivables $203.7M $201.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $271.5M $253.1M
YoY Change 32.67% 30.43%
LONG-TERM ASSETS
Property, Plant & Equipment $3.709B $3.687B
YoY Change 1.21% -1.61%
Goodwill $234.9M $234.9M
YoY Change 0.0% 0.0%
Intangibles $177.8M $179.5M
YoY Change -9.69% -14.8%
Long-Term Investments $16.26M $18.38M
YoY Change -21.86% -13.75%
Other Assets $136.6M $137.1M
YoY Change 4.39% 7.11%
Total Long-Term Assets $4.405B $4.391B
YoY Change 0.48% -1.81%
TOTAL ASSETS
Total Short-Term Assets $271.5M $253.1M
Total Long-Term Assets $4.405B $4.391B
Total Assets $4.677B $4.645B
YoY Change 1.92% -0.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $269.8M $253.7M
YoY Change 15.33% 13.46%
Accrued Expenses $174.2M $178.6M
YoY Change -24.63% -32.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $444.0M $432.2M
YoY Change -4.53% -11.11%
LONG-TERM LIABILITIES
Long-Term Debt $1.918B $2.053B
YoY Change -24.38% -20.0%
Other Long-Term Liabilities $57.72M $55.34M
YoY Change 7.52% -3.86%
Total Long-Term Liabilities $1.976B $2.108B
YoY Change -23.72% -19.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $444.0M $432.2M
Total Long-Term Liabilities $1.976B $2.108B
Total Liabilities $2.420B $2.541B
YoY Change -20.8% -18.31%
SHAREHOLDERS EQUITY
Retained Earnings -$1.387B -$1.344B
YoY Change 12.55% 11.14%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.207B $1.933B
YoY Change
Total Liabilities & Shareholders Equity $4.677B $4.645B
YoY Change 1.92% -0.47%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$4.126M $1.979M
YoY Change -31.11% -116.24%
Depreciation, Depletion And Amortization $37.61M $36.87M
YoY Change 1.84% -0.74%
Cash From Operating Activities $63.13M $59.40M
YoY Change 116.76% 36.11%
INVESTING ACTIVITIES
Capital Expenditures $29.56M $64.57M
YoY Change -46.61% 0.25%
Acquisitions
YoY Change
Other Investing Activities -$847.0K $4.254M
YoY Change -101.28% -94.26%
Cash From Investing Activities -$30.41M -$60.31M
YoY Change -376.08% -722.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -13.70M -26.03M
YoY Change -73.46% -63.64%
NET CHANGE
Cash From Operating Activities 63.13M 59.40M
Cash From Investing Activities -30.41M -60.31M
Cash From Financing Activities -13.70M -26.03M
Net Change In Cash 19.03M -26.94M
YoY Change -265.97% 47.63%
FREE CASH FLOW
Cash From Operating Activities $63.13M $59.40M
Capital Expenditures $29.56M $64.57M
Free Cash Flow $33.57M -$5.163M
YoY Change -227.95% -75.14%

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PaymentsToAcquireNoncontrollingInterest
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PaymentsOfDividendsMinorityInterest
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Repurchaseofstockwarrantsandredeemablenoncontrollinginterests
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gahr Increase Decrease In Security Deposits Financing Activities
IncreaseDecreaseInSecurityDepositsFinancingActivities
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6849000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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-18246000 usd
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IncomeTaxesPaid
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DevelopmentsAndCapitalExpendituresIncurredButNotYetPaid
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DevelopmentsAndCapitalExpendituresIncurredButNotYetPaid
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353000 usd
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FinanceLeasesEquipmentAndOtherObligationsIncurred
0 usd
gahr Tenant Improvement Overage
TenantImprovementOverage
3749000 usd
gahr Tenant Improvement Overage
TenantImprovementOverage
1047000 usd
gahr Noncash Or Part Noncash Acquisition Mortgage Loans Payable Acquired Net Of Loan Discount
NoncashOrPartNoncashAcquisitionMortgageLoansPayableAcquiredNetOfLoanDiscount
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gahr Noncash Or Part Noncash Acquisition Mortgage Loans Payable Acquired Net Of Loan Discount
NoncashOrPartNoncashAcquisitionMortgageLoansPayableAcquiredNetOfLoanDiscount
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32913000 usd
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16559000 usd
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DistributionsDeclaredButNotYetPaidToLimitedPartnershipUnits
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DistributionsDeclaredButNotYetPaidToLimitedPartnershipUnits
875000 usd
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DistributionsDeclaredButNotYetPaidToRestrictedStockUnits
357000 usd
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DistributionsDeclaredButNotYetPaidToRestrictedStockUnits
123000 usd
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AccruedOfferingCosts
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AccruedOfferingCosts
1023000 usd
gahr Noncash Or Part Noncash Acquisition And Disposals Accounts And Other Receivables Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsAccountsAndOtherReceivablesAssumed
343000 usd
gahr Noncash Or Part Noncash Acquisition And Disposals Accounts And Other Receivables Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsAccountsAndOtherReceivablesAssumed
-1733000 usd
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-3749000 usd
gahr Noncash Or Part Noncash Acquisitions And Disposals Increase Decrease In Other Assets Net
NoncashOrPartNoncashAcquisitionsAndDisposalsIncreaseDecreaseInOtherAssetsNet
-920000 usd
gahr Noncash Or Part Noncash Acquisition And Disposals Payables Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsPayablesAssumed
51000 usd
gahr Noncash Or Part Noncash Acquisition And Disposals Payables Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsPayablesAssumed
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gahr Noncash Or Part Noncash Acquisition And Disposals Financing Obligations Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsFinancingObligationsAssumed
0 usd
gahr Noncash Or Part Noncash Acquisition And Disposals Financing Obligations Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsFinancingObligationsAssumed
12000 usd
gahr Noncash Or Part Noncash Acquisition And Disposals Security Deposits Prepaid Rent And Other Liabilities Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsSecurityDepositsPrepaidRentAndOtherLiabilitiesAssumed
-236000 usd
gahr Noncash Or Part Noncash Acquisition And Disposals Security Deposits Prepaid Rent And Other Liabilities Assumed
NoncashOrPartNoncashAcquisitionAndDisposalsSecurityDepositsPrepaidRentAndOtherLiabilitiesAssumed
28000 usd
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 June 30, 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 were not NYSE-listed. This applies to all historical periods presented herein. On August 5, 2024, 180 days after the listing of our Common Stock shares on the NYSE, each share of our Class T common stock and Class I common stock automatically converted into one share of our listed Common Stock.</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 June 30, 2024, we owned and/or operated 318 buildings and integrated </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%">senior health campuses, representing approximately 19,455,000 square feet of gross leasable area, for an aggregate contract purchase price of $4,612,670,000. In addition, as of June 30, 2024, we also owned a real estate-related debt investment purchased for $60,429,000.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q2 gahr Number Of Buildings And Integrated Senior Health Campuses Owned And Or Operated
NumberOfBuildingsAndIntegratedSeniorHealthCampusesOwnedAndOrOperated
318 campus
CY2024Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
19455000 sqft
gahr Acquisition Aggregated Cost Of Acquired Properties Purchase Price Netof Disposals
AcquisitionAggregatedCostOfAcquiredPropertiesPurchasePriceNetofDisposals
4612670000 usd
gahr Acquisition Aggregated Cost Of Acquired Real Estate Related Investment Purchase Price
AcquisitionAggregatedCostOfAcquiredRealEstateRelatedInvestmentPurchasePrice
60429000 usd
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>
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 income (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 income (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
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
13212000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
9090000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
10680000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
4519000 usd
gahr Accounts Receivable Allowancefor Credit Loss Period Increase Decreasefrom Collectionsor Adjustments
AccountsReceivableAllowanceforCreditLossPeriodIncreaseDecreasefromCollectionsorAdjustments
1555000 usd
gahr Accounts Receivable Allowancefor Credit Loss Period Increase Decreasefrom Collectionsor Adjustments
AccountsReceivableAllowanceforCreditLossPeriodIncreaseDecreasefromCollectionsorAdjustments
3596000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18014000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15046000 usd
gahr Number Of Real Estate Investment To Be Disposed Of
NumberOfRealEstateInvestmentToBeDisposedOf
0 property
CY2024Q2 gahr Reimbursement Of Payroll Related Costs To Managers
ReimbursementOfPayrollRelatedCostsToManagers
49298000 usd
CY2023Q4 gahr Reimbursement Of Payroll Related Costs To Managers
ReimbursementOfPayrollRelatedCostsToManagers
42698000 usd
CY2024Q2 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
45765000 usd
CY2023Q4 us-gaap Accrued Insurance Current And Noncurrent
AccruedInsuranceCurrentAndNoncurrent
44548000 usd
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
32913000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
16557000 usd
CY2024Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
24138000 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
23549000 usd
CY2024Q2 gahr Accrued Development And Capital Expenditures
AccruedDevelopmentAndCapitalExpenditures
22098000 usd
CY2023Q4 gahr Accrued Development And Capital Expenditures
AccruedDevelopmentAndCapitalExpenditures
24881000 usd
CY2024Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4327315000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
4177595000 usd
CY2024Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
817789000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
752157000 usd
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3509526000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3425438000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
36866000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
37139000 usd
us-gaap Depreciation
Depreciation
74001000 usd
us-gaap Depreciation
Depreciation
73038000 usd
CY2024Q2 gahr Capital Expenditures Incurred
CapitalExpendituresIncurred
14647000 usd
gahr Capital Expenditures Incurred
CapitalExpendituresIncurred
28284000 usd
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
45841000 usd
gahr Lines Of Credit Related To Acquisition Of Properties
LinesOfCreditRelatedToAcquisitionOfProperties
45000000 usd
gahr Number Of Real Estate Investment To Be Disposed Of
NumberOfRealEstateInvestmentToBeDisposedOf
2 building
gahr Contract Sale Price Of Disposition
ContractSalePriceOfDisposition
11136000 usd
CY2024Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
89058000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86935000 usd
CY2024Q2 gahr Heldto Maturity Debt Securities Unamortizedclosingcosts
HeldtoMaturityDebtSecuritiesUnamortizedclosingcosts
333000 usd
CY2024Q2 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
1154000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2066000 usd
CY2024Q2 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
80000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
179458000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
180470000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8428000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7711000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24782000 usd
CY2024Q2 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P6Y8M12D
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P7Y9M18D
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
11436000 usd
CY2024Q2 gahr Finite Lived Intangible Liabilities Amortization Expenses Remainder Of Fiscal Year
FiniteLivedIntangibleLiabilitiesAmortizationExpensesRemainderOfFiscalYear
510000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9373000 usd
CY2024Q2 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Two
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearTwo
956000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7578000 usd
CY2024Q2 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Three
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearThree
840000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7054000 usd
CY2024Q2 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Four
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearFour
825000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6001000 usd
CY2024Q2 gahr Finite Lived Intangible Liabilities Amortization Expenses Year Five
FiniteLivedIntangibleLiabilitiesAmortizationExpensesYearFive
709000 usd
CY2024Q2 gahr Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
17757000 usd
CY2024Q2 gahr Finite Lived Intangible Liabilities Amortization Expenses After Year Five
FiniteLivedIntangibleLiabilitiesAmortizationExpensesAfterYearFive
1693000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
59199000 usd
CY2024Q2 gahr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
5533000 usd
CY2024Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
49280000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
47540000 usd
CY2024Q2 gahr Prepaid Expense Deposits Other Assets And Deferred Tax Assets
PrepaidExpenseDepositsOtherAssetsAndDeferredTaxAssets
37059000 usd
CY2023Q4 gahr Prepaid Expense Deposits Other Assets And Deferred Tax Assets
PrepaidExpenseDepositsOtherAssetsAndDeferredTaxAssets
33204000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
20036000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
19472000 usd
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
18377000 usd
CY2024Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
7791000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
7231000 usd
CY2024Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
17519000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
17565000 usd
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
5879000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
1463000 usd
CY2024Q2 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
7783000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
8494000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5201000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3830000 usd
CY2024Q2 gahr Accumulated Amortization Lease Inducements
AccumulatedAmortizationLeaseInducements
2719000 usd
CY2023Q4 gahr Accumulated Amortization Lease Inducements
AccumulatedAmortizationLeaseInducements
2544000 usd
gahr Lease Inducements Weighted Average Remaining Life
LeaseInducementsWeightedAverageRemainingLife
P6Y4M24D
CY2023Q4 gahr Lease Inducements Weighted Average Remaining Life
LeaseInducementsWeightedAverageRemainingLife
P6Y10M24D
CY2024Q2 us-gaap Incentive To Lessee
IncentiveToLessee
2281000 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
2456000 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
155632000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
146141000 usd
CY2024Q2 gahr Amortizationof Deferred Lease Inducements
AmortizationofDeferredLeaseInducements
88000 usd
CY2024Q2 gahr Number Of Fixed Rate Mortgage Loans Payable
NumberOfFixedRateMortgageLoansPayable
90 mortgageloan
CY2023Q4 gahr Number Of Fixed Rate Mortgage Loans Payable
NumberOfFixedRateMortgageLoansPayable
76 mortgageloan
CY2024Q2 gahr Number Of Variable Rate Mortgage Loans Payable
NumberOfVariableRateMortgageLoansPayable
5 mortgageloan
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1253419000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1326313000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
135000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
167000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
14554000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
14371000 usd
CY2024Q2 us-gaap Secured Debt
SecuredDebt
1228597000 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
gahr Proceeds From Mortgage Loans
ProceedsFromMortgageLoans
27204000 usd
gahr Proceeds From Mortgage Loans
ProceedsFromMortgageLoans
61077000 usd
gahr Assumption Of Debt In Business Combination
AssumptionOfDebtInBusinessCombination
91472000 usd
gahr Assumption Of Debt In Business Combination
AssumptionOfDebtInBusinessCombination
0 usd
gahr Amortizationofdeferredfinancingcostsrelatedtomortgage
Amortizationofdeferredfinancingcostsrelatedtomortgage
1566000 usd
gahr Amortizationofdeferredfinancingcostsrelatedtomortgage
Amortizationofdeferredfinancingcostsrelatedtomortgage
1136000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2776000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
632000 usd
us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
10115000 usd
us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
55127000 usd
gahr Early Payoff Of Mortgage Payable
EarlyPayoffOfMortgagePayable
184445000 usd
gahr Early Payoff Of Mortgage Payable
EarlyPayoffOfMortgagePayable
0 usd
gahr Capitalizeddeferredfinancingcostsformortgages
Capitalizeddeferredfinancingcostsformortgages
2257000 usd
gahr Capitalizeddeferredfinancingcostsformortgages
Capitalizeddeferredfinancingcostsformortgages
0 usd
CY2024Q2 us-gaap Secured Debt
SecuredDebt
1228597000 usd
CY2023Q2 us-gaap Secured Debt
SecuredDebt
1237565000 usd
CY2024Q1 gahr Early Payoff Of Mortgage Payable
EarlyPayoffOfMortgagePayable
176145000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
38094000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
302829000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
158331000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
55450000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
108169000 usd
CY2024Q2 gahr Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
590546000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1253419000 usd
CY2024Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
388000 usd
CY2023Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
4993000 usd
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
6805000 usd
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
4798000 usd
CY2024Q2 gahr Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest With Redemption Features Outstanding
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterestWithRedemptionFeaturesOutstanding
0.010
CY2023Q4 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
gahr Noncontrolling Interest Reclassification From Equity
NoncontrollingInterestReclassificationFromEquity
-21000 usd
gahr Noncontrolling Interest Reclassification From Equity
NoncontrollingInterestReclassificationFromEquity
-41000 usd
gahr Noncontrolling Interest Reclassification To Equity
NoncontrollingInterestReclassificationToEquity
15303000 usd
gahr Noncontrolling Interest Reclassification To Equity
NoncontrollingInterestReclassificationToEquity
0 usd
gahr Redeemable Noncontrolling Interest Distributions
RedeemableNoncontrollingInterestDistributions
3000 usd
gahr Redeemable Noncontrolling Interest Distributions
RedeemableNoncontrollingInterestDistributions
904000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
10771000 usd
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
15954000 usd
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-7535000 usd
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-4422000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-32000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-486000 usd
CY2024Q2 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
220000 usd
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
59873000 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2024Q2 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
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q4 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
gahr Stock Acquired Average Cost Per Share
StockAcquiredAverageCostPerShare
37.16
CY2024Q2 gahr Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest With Redemption Features Outstanding
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterestWithRedemptionFeaturesOutstanding
0.010
CY2023Q4 gahr Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest With Redemption Features Outstanding
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterestWithRedemptionFeaturesOutstanding
0.010
CY2024Q2 gahr Operating Partnership Units Outstanding Presented In Total Equity Percent
OperatingPartnershipUnitsOutstandingPresentedInTotalEquityPercent
0.026
CY2024Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
89058000 usd
CY2024Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
93185000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86935000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
93304000 usd
CY2024Q2 us-gaap Secured Debt
SecuredDebt
1228597000 usd
CY2024Q2 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
1106268000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
1302396000 usd
CY2023Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
1185260000 usd
CY2024Q2 gahr Linesofcreditandtermloannet
Linesofcreditandtermloannet
778672000 usd
CY2024Q2 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
784480000 usd
CY2023Q4 gahr Linesofcreditandtermloannet
Linesofcreditandtermloannet
1220137000 usd
CY2023Q4 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
1225890000 usd
CY2024Q2 gahr Operating Lease Revenue
OperatingLeaseRevenue
45207000 usd
CY2023Q2 gahr Operating Lease Revenue
OperatingLeaseRevenue
49216000 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9711000 usd
gahr Operating Lease Revenue
OperatingLeaseRevenue
91213000 usd
gahr Operating Lease Revenue
OperatingLeaseRevenue
91519000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
18800000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
19750000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
68919000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
130907000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
121639000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
115551000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
103935000 usd
CY2024Q2 gahr Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
494331000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
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