$CHTH
CNL Healthcare Properties, Inc.

2019 Q1 Form 10-Q Financial Statement

#000156459019018793 Filed on May 13, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $80.20M $76.32M
YoY Change 5.08% 13.83%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.268M $1.624M
YoY Change -21.92% 24.73%
Operating Profit $10.83M $5.176M
YoY Change 109.22% 212.18%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$10.74M -$10.28M
YoY Change 4.48% -30.6%
Pretax Income $89.00K -$5.103M
YoY Change -101.74% -30.56%
Income Tax $655.0K $617.0K
% Of Pretax Income 735.96%
Net Earnings $9.900M -$7.874M
YoY Change -225.73% 7.51%
Net Earnings / Revenue 12.34% -10.32%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 174.0M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $148.9M $67.38M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.774B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $1.752B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity
YoY Change

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $9.900M -$7.874M
YoY Change -225.73% 7.51%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $26.16M $17.79M
YoY Change 47.05%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.696M $450.0K
YoY Change -476.89% 53.06%
Cash From Investing Activities $77.41M -$3.743M
YoY Change -2168.23%
FINANCING ACTIVITIES
Cash Dividend Paid $20.25M $9.246M
YoY Change 118.97% 13.97%
Common Stock Issuance & Retirement, Net $11.71M
YoY Change 12.64%
Debt Paid & Issued, Net $404.1M
YoY Change
Cash From Financing Activities -20.13M -11.68M
YoY Change 72.38%
NET CHANGE
Cash From Operating Activities 26.16M 17.79M
Cash From Investing Activities 77.41M -3.743M
Cash From Financing Activities -20.13M -11.68M
Net Change In Cash 83.44M 2.364M
YoY Change 3429.4%
FREE CASH FLOW
Cash From Operating Activities $26.16M $17.79M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
82540000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6119000
CY2019Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
19785000
CY2019Q1 chp Rental Income And Related Revenues
RentalIncomeAndRelatedRevenues
8923000
CY2018Q1 chp Rental Income And Related Revenues
RentalIncomeAndRelatedRevenues
8800000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71275000
CY2019Q1 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
us-gaap:HealthCareResidentServiceMember
CY2018Q1 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
us-gaap:HealthCareResidentServiceMember
CY2019Q1 us-gaap Revenues
Revenues
80198000
CY2018Q1 us-gaap Revenues
Revenues
76319000
CY2019Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
46015000
CY2018Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
44268000
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2959000
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3166000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
67519000
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4788000
CY2018Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5662000
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-278000
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1561000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20134000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11680000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
83435000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2364000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
65501000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
74691000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
148936000
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
77055000
CY2018Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14895000
CY2018Q1 us-gaap Costs And Expenses
CostsAndExpenses
71143000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5176000
CY2019Q1 chp Interest And Other Income Expense
InterestAndOtherIncomeExpense
453000
CY2018Q1 chp Interest And Other Income Expense
InterestAndOtherIncomeExpense
44000
CY2018Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
10410000
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
87000
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10279000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5103000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
617000
CY2019Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-566000
CY2018Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-5720000
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
10474000
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-2178000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
9908000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
-7898000
CY2018Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-22000
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
8000
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
-2000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
9900000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-7874000
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.00
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.03
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.06
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.01
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
173963000
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
174854000
CY2019Q1 chp Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax Excluding Equity Method Investments
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTaxExcludingEquityMethodInvestments
-892000
CY2018Q1 chp Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax Excluding Equity Method Investments
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTaxExcludingEquityMethodInvestments
3027000
CY2018Q1 chp Other Comprehensive Income Loss Cash Flow Hedge Reclassification Adjustment From Aoci For Derecognition After Tax
OtherComprehensiveIncomeLossCashFlowHedgeReclassificationAdjustmentFromAociForDerecognitionAfterTax
-126000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-892000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3153000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9016000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-4745000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-24000
CY2019Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9008000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4721000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-892000
CY2019Q1 chp Adjustments To Additional Paid In Capital Distribution To Holder Of Promoted Interest
AdjustmentsToAdditionalPaidInCapitalDistributionToHolderOfPromotedInterest
406000
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
20246000
CY2019Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
60000
CY2017Q4 chp Stockholders Equity And Temporary Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityAndTemporaryEquityIncludingPortionAttributableToNoncontrollingInterest
1052660000
CY2018Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
11078000
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3153000
CY2018Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
4000
CY2018Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
20324000
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11639
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11639
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
9735000
CY2019Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
8333000
CY2018Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
8052000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26155000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17787000
CY2018Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
819000
CY2019Q1 us-gaap Proceeds From Deposits On Real Estate Sales
ProceedsFromDepositsOnRealEstateSales
77500000
CY2019Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
586000
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1696000
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
450000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
78610000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3225000
CY2019Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-1196000
CY2018Q1 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-518000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
77414000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3743000
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
20246000
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
9246000
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
11711000
CY2019Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
5000000
CY2018Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
15000000
CY2019Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
178000
CY2018Q1 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1500000
CY2018Q1 chp Redemptions Payable
RedemptionsPayable
17385000
CY2019Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-bottom:0pt;margin-top:10pt;text-align:justify;margin-left:3.85%;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Reclassifications<font style="font-style:normal;"> &#8211; Certain amounts in the prior year&#8217;s condensed consolidated statement of operations and statement of cash flows have been reclassified to conform to the current year&#8217;s presentation, primarily related to classification of certain properties as discontinued operations, with no effect on the other previously reported consolidated financial statements.</font></p>
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:10pt;text-align:justify;margin-left:3.85%;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates<font style="font-weight:bold;font-style:normal;"> &#8212;</font><font style="font-style:normal;"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the reported amounts of revenues and expenses during the reporting periods and the disclosure of contingent liabilities. For example, significant assumptions are made in the analysis of real estate impairments, the valuation of contingent assets and liabilities, and the valuation of restricted common stock (&#8220;Restricted Stock&#8221;) shares issued to the Advisor.&nbsp;&nbsp;Accordingly, actual results could differ from those estimates.</font></p>
CY2019Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2010-06-08
CY2015Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1700000000
CY2019Q1 chp Number Of Real Estate Properties Classified To Discontinued Operations
NumberOfRealEstatePropertiesClassifiedToDiscontinuedOperations
63
CY2019Q1 us-gaap Lessor Operating Lease Existence Of Option To Extend
LessorOperatingLeaseExistenceOfOptionToExtend
true
CY2019Q1 us-gaap Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
subject to the tenants’ options to extend the lease terms by an additional five years
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
20159000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
28526000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
29128000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
21541000
CY2019Q1 chp Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
70
CY2019Q1 chp Revenue Recognition Number Of Facility
RevenueRecognitionNumberOfFacility
6080
CY2018Q1 chp Revenue Recognition Number Of Facility
RevenueRecognitionNumberOfFacility
6080
CY2019Q1 chp Percentage Of Contract Related Revenue
PercentageOfContractRelatedRevenue
1.000
CY2018Q1 chp Percentage Of Contract Related Revenue
PercentageOfContractRelatedRevenue
1.000
CY2019Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
130198000
CY2018Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
130133000
CY2019Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1475904000
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1475789000
CY2019Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
81754000
CY2018Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
81666000
CY2019Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
244675000
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
232439000
CY2019Q1 chp Number Of Properties Committed For Sale
NumberOfPropertiesCommittedForSale
70
CY2019Q1 chp Number Of Other Properties
NumberOfOtherProperties
7
CY2018 chp Number Of Properties Held For Sale
NumberOfPropertiesHeldForSale
70
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
20912000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
50948000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
171214000
CY2019Q1 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
57800000
CY2019Q1 us-gaap Variable Interest Entity Description Of Entity
VariableInterestEntityDescriptionOfEntity
As of March 31, 2019 and December 31, 2018, the Company had eight subsidiaries which are classified as VIEs due to the following factors and circumstances: Two of these subsidiaries are single property entities, designed to own and lease their respective properties to multiple tenants, which are subject to either a ground lease that include buy-out and put options held by either the tenant or landlord under the applicable lease. Three of these subsidiaries are entities with completed real estate under development in which there is insufficient equity at risk due to the development nature of each entity. Two of these subsidiaries are joint ventures with completed real estate under development in which there is insufficient equity at risk due to the development nature of each joint venture. One of these subsidiaries is a joint venture with equity interests that consist of non-substantive protective voting rights, but not any participating or kick-out rights.
CY2019Q1 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-173000
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-184000
CY2019Q1 chp Loan Costs Net
LoanCostsNet
2050000
CY2018Q4 chp Loan Costs Net
LoanCostsNet
2429000
CY2019Q1 chp Notes And Loans Payable Net
NotesAndLoansPayableNet
940493000
CY2018Q4 chp Notes And Loans Payable Net
NotesAndLoansPayableNet
956257000
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
406300000
CY2019Q1 chp Long Term Debt Maturities Repayments Of Principal In Next Seventeen Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextSeventeenMonths
248400000
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
404100000
CY2019Q1 chp Financial Covenant Limitations Maximum Allowable Distributions As Percentage Of Adjusted Funds From Operations
FinancialCovenantLimitationsMaximumAllowableDistributionsAsPercentageOfAdjustedFundsFromOperations
0.95
CY2019Q1 us-gaap Debt Instrument Restrictive Covenants
DebtInstrumentRestrictiveCovenants
The credit facilities contain affirmative, negative, and financial covenants which are customary for loans of this type, including (but not limited to): (i) maximum leverage, (ii) minimum fixed charge coverage ratio, (iii) minimum consolidated net worth, (iv) restrictions on payments of cash distributions except if required by REIT requirements, (v) maximum secured indebtedness, (vi) maximum secured recourse debt, (vii) minimum unsecured interest coverage and (viii) limitations on certain types of investments and with respect to the pool of properties supporting borrowings under the credit facilities, minimum debt service coverage ratio, minimum weighted average occupancy, and remaining lease terms, as well as property type, MSA, operator, and asset value concentration limits. The limitations on distributions include a limitation on the extent of allowable distributions, which are not to exceed the greater of 95% of adjusted FFO (as defined per the credit facilities) and the minimum amount of distributions required to maintain the Company’s REIT status.
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
1268000
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
1624000
CY2019Q1 chp Related Party Transaction Cost Of Reimbursable Expense
RelatedPartyTransactionCostOfReimbursableExpense
1268000
CY2018Q1 chp Related Party Transaction Cost Of Reimbursable Expense
RelatedPartyTransactionCostOfReimbursableExpense
1624000
CY2019Q1 chp Financing Coordination Fee Gross
FinancingCoordinationFeeGross
201000
CY2018Q1 chp Related Party Transaction Property Management Fees
RelatedPartyTransactionPropertyManagementFees
1168000
CY2019Q1 chp Related Party Transaction Asset Management Costs
RelatedPartyTransactionAssetManagementCosts
7597000
CY2018Q1 chp Related Party Transaction Asset Management Costs
RelatedPartyTransactionAssetManagementCosts
7597000
CY2019Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
9066000
CY2018Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
10389000
CY2019Q1 chp Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
995000
CY2018Q4 chp Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
722000
CY2019Q1 chp Reimbursable Offering Expenses Due Related Party
ReimbursableOfferingExpensesDueRelatedParty
995000
CY2018Q4 chp Reimbursable Offering Expenses Due Related Party
ReimbursableOfferingExpensesDueRelatedParty
722000
CY2019Q1 chp Due To Related Party Asset Management Fees
DueToRelatedPartyAssetManagementFees
2531000
CY2018Q4 chp Due To Related Party Asset Management Fees
DueToRelatedPartyAssetManagementFees
2533000
CY2018Q1 chp Financing Coordination Fee Gross
FinancingCoordinationFeeGross
0
CY2019Q1 us-gaap Operating Support From Adviser Amount
OperatingSupportFromAdviserAmount
0
CY2018Q1 us-gaap Operating Support From Adviser Amount
OperatingSupportFromAdviserAmount
0
CY2019Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
0
CY2018Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
1100000
CY2019Q1 chp Stock Request To Redeem Or Call During Period Value
StockRequestToRedeemOrCallDuringPeriodValue
0
CY2018Q1 chp Stock Request To Redeem Or Call During Period Value
StockRequestToRedeemOrCallDuringPeriodValue
17400000
CY2018Q1 chp Average Redemption Common Stock Price Per Share
AverageRedemptionCommonStockPricePerShare
10.13
CY2019Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-892000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
3153000
CY2019Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
200000
CY2018Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
100000
CY2019Q1 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
500000
CY2018Q1 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
500000
CY2019Q1 chp Number Of Promoted Interest Agreements
NumberOfPromotedInterestAgreements
6
CY2019Q1 chp Number Of Promoted Interest Agreements Not Met Established Performance Metrics
NumberOfPromotedInterestAgreementsNotMetEstablishedPerformanceMetrics
5
CY2019Q1 chp Number Of Promoted Interest Agreements Met Established Performance Metrics
NumberOfPromotedInterestAgreementsMetEstablishedPerformanceMetrics
1
CY2019Q1 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
0

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