2020 Q1 Form 10-Q Financial Statement

#000150370720000012 Filed on May 08, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $72.89M $72.52M
YoY Change 0.51% -2.4%
Cost Of Revenue $45.70M $45.22M
YoY Change 1.07% -2.6%
Gross Profit $27.19M $27.30M
YoY Change -0.41% -2.07%
Gross Profit Margin 37.3% 37.65%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.49M $22.40M
YoY Change -26.39% -22.28%
% of Gross Profit 60.64% 82.04%
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $16.68M $17.40M
YoY Change -4.12% 2.1%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$11.54M -$18.44M
YoY Change -37.42% -26.97%
Income Tax $14.00K $6.000K
% Of Pretax Income
Net Earnings -$12.55M -$18.62M
YoY Change -32.6% -44.7%
Net Earnings / Revenue -17.21% -25.67%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 189.1M shares 189.1M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $36.89M $64.60M
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 $21.39M $21.39M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $265.3M $260.3M
YoY Change 1.91%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.120B $2.230B
YoY Change -4.9% -8.34%
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 $1.466B $1.503B
YoY Change -2.5% -1.82%
SHAREHOLDERS EQUITY
Retained Earnings -$1.054B -$983.0M
YoY Change 7.21% 23.9%
Common Stock $1.705B $1.705B
YoY Change -0.04% 1.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $649.4M $720.3M
YoY Change
Total Liabilities & Shareholders Equity $2.120B $2.230B
YoY Change -4.9% -8.34%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$12.55M -$18.62M
YoY Change -32.6% -44.7%
Depreciation, Depletion And Amortization $16.49M $22.40M
YoY Change -26.39% -22.28%
Cash From Operating Activities $2.429M -$2.019M
YoY Change -220.31% -127.78%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $903.0K -$547.0K
YoY Change -265.08%
Cash From Investing Activities -$1.265M $2.243M
YoY Change -156.4% -92.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.998M $1.978M
YoY Change 1.01% -75.9%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$8.086M -$13.71M
YoY Change -41.01% -47.17%
NET CHANGE
Cash From Operating Activities $2.429M -$2.019M
Cash From Investing Activities -$1.265M $2.243M
Cash From Financing Activities -$8.086M -$13.71M
Net Change In Cash -$6.922M -$13.48M
YoY Change -48.67% -240.47%
FREE CASH FLOW
Cash From Operating Activities $2.429M -$2.019M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2019Q1 us-gaap Payments To Acquire Equity Method Investments
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CY2020Q1 nshi Proceedsfrom Equity Method Investment Dividendsor Distributions Financing Activities
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1765000 USD
CY2019Q1 nshi Proceedsfrom Equity Method Investment Dividendsor Distributions Financing Activities
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6947000 USD
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903000 USD
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Repayments Of Notes Payable
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CY2019Q1 us-gaap Finance Lease Principal Payments
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142000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
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1998000 USD
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10813000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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0 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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4876000 USD
CY2020Q1 us-gaap Proceeds From Minority Shareholders
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86000 USD
CY2019Q1 us-gaap Proceeds From Minority Shareholders
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256000 USD
CY2020Q1 us-gaap Payments To Minority Shareholders
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CY2019Q1 us-gaap Payments To Minority Shareholders
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2019Q1 us-gaap Interest Costs Capitalized
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0 USD
CY2019Q1 nshi Noncashor Part Noncash Transaction Reclassificationof Operating Real Estateto Assetsof Held For Sale
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CY2020Q1 us-gaap Nature Of Operations
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<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Business and Organization</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">NorthStar Healthcare Income, Inc., together with its consolidated subsidiaries (the “Company”), was formed to acquire, originate and asset manage a diversified portfolio of equity, debt and securities investments in healthcare real estate, directly or through joint ventures, with a focus on the mid-acuity senior housing sector, which the Company defines as assisted living (“ALF”), memory care (“MCF”), skilled nursing (“SNF”), independent living (“ILF”) facilities and continuing care retirement communities (“CCRC”), which may have independent living, assisted living, skilled nursing and memory care available on one campus. The Company also invests in other healthcare property types, including medical office buildings (“MOB”), hospitals, rehabilitation facilities and ancillary healthcare services businesses. The Company’s investments are predominantly in the United States, but it also selectively makes international investments. </span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company was formed in October 2010 as a Maryland corporation and commenced operations in February 2013. The Company elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), commencing with the taxable year ended December 31, 2013. The Company conducts its operations so as to continue to qualify as a REIT for U.S. federal income tax purposes.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Substantially all of the Company’s business is conducted through NorthStar Healthcare Income Operating Partnership, LP (the “Operating Partnership”). The Company is the sole general partner of the Operating Partnership. The limited partners of the Operating Partnership are NorthStar Healthcare Income Advisor, LLC (the “Prior Advisor”) and NorthStar Healthcare Income OP Holdings, LLC (the “Special Unit Holder”), each an affiliate of the Company’s sponsor. The Prior Advisor invested </span><span style="font-family:inherit;font-size:10pt;"><span>$1,000</span></span><span style="font-family:inherit;font-size:10pt;"> in the Operating Partnership in exchange for common units and the Special Unit Holder invested </span><span style="font-family:inherit;font-size:10pt;"><span>$1,000</span></span><span style="font-family:inherit;font-size:10pt;"> in the Operating Partnership and was issued a separate class of limited partnership units (the “Special Units”), which are collectively recorded as non-controlling interests on the accompanying consolidated balance sheets as of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">. As the Company issued shares, it contributed substantially all of the proceeds from its continuous, public offerings to the Operating Partnership as a capital contribution. As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">, the Company’s limited partnership interest in the Operating Partnership was </span><span style="font-family:inherit;font-size:10pt;"><span>99.99%</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company’s charter authorizes the issuance of up to </span><span style="font-family:inherit;font-size:10pt;"><span>400.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock with a par value of </span><span style="font-family:inherit;font-size:10pt;"><span>$0.01</span></span><span style="font-family:inherit;font-size:10pt;"> per share and up to </span><span style="font-family:inherit;font-size:10pt;"><span>50.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares of preferred stock with a par value of </span><span style="font-family:inherit;font-size:10pt;"><span>$0.01</span></span><span style="font-family:inherit;font-size:10pt;"> per share. The board of directors of the Company is authorized to amend its charter, without the approval of the stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company completed its initial public offering (the “Initial Offering”) on February 2, 2015 by raising gross proceeds of </span><span style="font-family:inherit;font-size:10pt;"><span>$1.1 billion</span></span><span style="font-family:inherit;font-size:10pt;">, including </span><span style="font-family:inherit;font-size:10pt;"><span>108.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares issued in its initial primary offering (the “Initial Primary Offering”) and </span><span style="font-family:inherit;font-size:10pt;"><span>2.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares issued pursuant to its distribution reinvestment plan (the “DRP”). In addition, the Company completed its follow-on offering (the “Follow-On Offering”) on January 19, 2016 by raising gross proceeds of </span><span style="font-family:inherit;font-size:10pt;"><span>$700.0 million</span></span><span style="font-family:inherit;font-size:10pt;">, including </span><span style="font-family:inherit;font-size:10pt;"><span>64.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares issued in its follow-on primary offering (the “Follow-on Primary Offering”) and </span><span style="font-family:inherit;font-size:10pt;"><span>4.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares issued pursuant to the DRP. The Company refers to its Initial Primary Offering and its Follow-on Primary Offering collectively as the “Primary Offering” and its Initial Offering and Follow-On Offering collectively as the “Offering.” In December 2015, the Company registered an additional </span><span style="font-family:inherit;font-size:10pt;"><span>30.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares to be offered pursuant to the DRP. From inception through </span><span style="font-family:inherit;font-size:10pt;">May 7, 2020</span><span style="font-family:inherit;font-size:10pt;">, the Company raised total gross proceeds of </span><span style="font-family:inherit;font-size:10pt;"><span>$2.0 billion</span></span><span style="font-family:inherit;font-size:10pt;">, including </span><span style="font-family:inherit;font-size:10pt;"><span>$232.6 million</span></span><span style="font-family:inherit;font-size:10pt;"> in DRP proceeds.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company is externally managed and has </span><span style="font-family:inherit;font-size:10pt;"><span>no</span></span><span style="font-family:inherit;font-size:10pt;"> employees. The Company is sponsored by Colony Capital, Inc. (NYSE: CLNY) (“Colony Capital” or the “Sponsor”), which was formed as a result of the mergers of NorthStar Asset Management Group Inc.(“NSAM”), its prior sponsor, with Colony Capital, Inc. (“Colony”) and NorthStar Realty Finance Corp. (“NorthStar Realty”) in January 2017. Effective June 25, 2018, the Sponsor changed its name from Colony NorthStar, Inc. to Colony Capital, Inc. and its ticker symbol from “CLNS” to “CLNY.” Following the mergers, the Sponsor became an internally-managed equity REIT, with a diversified real estate and investment management platform. </span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Colony Capital manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded REITs and registered investment companies. The Company’s advisor, CNI NSHC Advisors, LLC (the “Advisor”), is a subsidiary of Colony Capital and manages its day-to-day operations pursuant to an advisory agreement.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Impact of COVID-19</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At the time of preparation of the first quarter 2020 financial statements, the world is facing a global pandemic, the coronavirus 2019 (“COVID-19”), with efforts to address the pandemic significantly impacting economic and financial markets globally and across all facets of industries, including real estate. Specifically, the Company's healthcare real estate business and investments have begun to experience or otherwise anticipate a myriad of challenges, including, but not limited to, declines in resident occupancy </span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">and operating cash flows, increases in cost burden faced by operators, lease concessions sought by tenants, and a stressed market affecting real estate values in general. Most of these COVID-19 effects on the Company's business did not significantly impact results of operations during the </span><span style="font-family:inherit;font-size:10pt;">three months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">, but the Company anticipates more pronounced and significant effects in future periods, beginning the second quarter of 2020. While the Company itself has the ability to meet its near term liquidity needs, general market concerns over credit and liquidity continues to permeate in an economic downturn environment. </span></div>If a general economic downturn resulting from efforts to contain COVID-19 persists over an extended period of time, this could have a prolonged negative impact on the Company's financial condition and results of operations. At this time, as the extent and duration of the increasingly broad effects of COVID-19 on the global economy remain unclear, it is difficult for the Company to assess and estimate the impact on the Company's results of operations with any meaningful precision. Accordingly, any estimates of the effects of COVID-19 as reflected and/ or discussed in these financial statements are based upon the Company's best estimates using information known to the Company as of the date of this Quarterly Report on Form 10-Q, and such estimates may change, the effects of which could be material.
CY2020Q1 us-gaap Common Stock Shares Authorized
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CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
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CY2016Q1 nshi Followon Public Offering
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CY2020Q1 dei Entity Number Of Employees
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CY2020Q1 us-gaap Variable Interest Entity Nonconsolidated Carrying Amount Assets And Liabilities Net
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CY2020Q1 us-gaap Use Of Estimates
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<div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Estimates</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that could affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates and assumptions.</span></div>
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q1 us-gaap Restricted Cash
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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58820000 USD
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CY2019Q1 nshi Finance Lease Payments
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200000 USD
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CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Two
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CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Three
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CY2020Q1 us-gaap Finance Lease Liability Payments Due
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CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
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CY2020Q1 us-gaap Finance Lease Liability
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CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2020Q1 us-gaap Goodwill
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CY2019Q4 us-gaap Goodwill
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CY2020Q1 us-gaap Intangible Assets Net Including Goodwill
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CY2020Q1 nshi Deferred Costs And Intangible Assets Net
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CY2019Q4 nshi Deferred Costs And Intangible Assets Net
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CY2020Q1 nshi Amortizationof Deferred Costsand Intangible Assets
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CY2019Q1 nshi Amortizationof Deferred Costsand Intangible Assets
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CY2020Q1 nshi Deferred Costsand Finite Lived Intangible Assets Amortization Expense Remainderof Fiscal Year
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CY2020Q1 nshi Deferred Costsand Finite Lived Intangible Assets Amortization Expense Year Two
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CY2020Q1 nshi Deferred Costsand Finite Lived Intangible Assets Amortization Expense Year Three
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594000 USD
CY2020Q1 nshi Deferred Costsand Finite Lived Intangible Assets Amortization Expense Year Four
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CY2020Q1 nshi Deferred Costsand Finite Lived Intangible Assets Amortization Expense Year Five
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CY2020Q1 nshi Deferred Costsand Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2020Q1 nshi Deferred Costsand Finite Lived Intangible Assets Net
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6120000 USD
CY2020Q1 nshi Acquisition Feeand Expense Cap
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CY2020Q1 nshi Healthcare Facility Regulatory Reserve
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CY2020Q1 nshi Ownership Interestin Condominiums
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CY2020Q1 nshi Utility Deposit Assets
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CY2020Q1 us-gaap Other Assets Miscellaneous
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CY2019Q4 us-gaap Other Assets Miscellaneous
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CY2020Q1 us-gaap Other Assets
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CY2020Q1 nshi Lease Terms Days Notice Required For Termination
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CY2020Q1 nshi Lease Terms Days Notice Required For Termination
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CY2020Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2020Q1 nshi Impairment Of Affiliate Properties
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CY2019Q1 us-gaap Income Tax Expense Benefit
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CY2020Q1 us-gaap Land
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CY2019Q4 us-gaap Land
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CY2020Q1 us-gaap Land Improvements
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CY2019Q4 us-gaap Land Improvements
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CY2020Q1 us-gaap Investment Building And Building Improvements
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CY2019Q4 us-gaap Investment Building And Building Improvements
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CY2020Q1 us-gaap Tenant Improvements
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15175000 USD
CY2019Q4 us-gaap Tenant Improvements
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14642000 USD
CY2020Q1 us-gaap Construction In Progress Gross
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2368000 USD
CY2019Q4 us-gaap Construction In Progress Gross
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4956000 USD
CY2020Q1 us-gaap Furniture And Fixtures Gross
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CY2019Q4 us-gaap Furniture And Fixtures Gross
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CY2020Q1 us-gaap Real Estate Investment Property At Cost
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CY2019Q4 us-gaap Real Estate Investment Property At Cost
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CY2020Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2020Q1 us-gaap Real Estate Investments
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CY2020Q1 us-gaap Depreciation
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16000000.0 USD
CY2019Q1 us-gaap Depreciation
Depreciation
15600000 USD
CY2020Q1 us-gaap Equity Method Investments
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265309000 USD
CY2019Q4 us-gaap Equity Method Investments
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268894000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
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-224000 USD
CY2019Q1 nshi Equity Method Investment Select Revenuesand Expenses Net
EquityMethodInvestmentSelectRevenuesandExpensesNet
-10084000 USD
CY2019Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6947000 USD
CY2019Q1 nshi Equity Method Investment Numberof Facilities Sold
EquityMethodInvestmentNumberofFacilitiesSold
11 facility
CY2019Q1 nshi Equity Method Investment Numberof Facilities Sold
EquityMethodInvestmentNumberofFacilitiesSold
11 facility
CY2019Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
118000000.0 USD
CY2019Q1 nshi Proceeds From Sale Of Property Held For Sale Net
ProceedsFromSaleOfPropertyHeldForSaleNet
4300000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-993000 USD
CY2020Q1 nshi Equity Method Investment Select Revenuesand Expenses Net
EquityMethodInvestmentSelectRevenuesandExpensesNet
-11808000 USD
CY2020Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1765000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
118000000.0 USD
CY2019Q1 nshi Proceeds From Sale Of Property Held For Sale Net
ProceedsFromSaleOfPropertyHeldForSaleNet
4300000 USD
CY2020Q1 nshi Debt Instrument Numberof Instruments
DebtInstrumentNumberofInstruments
1 Investment
CY2020Q1 nshi Percentof Interest Income Contributedby Investment
PercentofInterestIncomeContributedbyInvestment
1.000
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
17810000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
76169000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
466725000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
19056000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
19778000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
850154000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
1449692000 USD
CY2019Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
5780000 USD
CY2020Q1 nshi Related Party Transaction Dueto Related Parties Amount Incurred
RelatedPartyTransactionDuetoRelatedPartiesAmountIncurred
7340000 USD
CY2020Q1 nshi Related Party Transaction Dueto Related Parties Amount Paid
RelatedPartyTransactionDuetoRelatedPartiesAmountPaid
8090000 USD
CY2020Q1 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
5030000 USD
CY2020Q1 nshi Noncashor Part Noncash Acquisition Noncash Financialor Equity Instrument Consideration Shares Issuedas Paymentfor Asset Management Fees
NoncashorPartNoncashAcquisitionNoncashFinancialorEquityInstrumentConsiderationSharesIssuedasPaymentforAssetManagementFees
2500000 USD
CY2020Q1 nshi Stock Redeemedor Called During Period Shares Paymentof Advisor Asset Management Fees
StockRedeemedorCalledDuringPeriodSharesPaymentofAdvisorAssetManagementFees
400000 shares
CY2020Q1 nshi Stock Redeemedor Called During Period Value Paymentof Advisor Asset Management Fees
StockRedeemedorCalledDuringPeriodValuePaymentofAdvisorAssetManagementFees
2500000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
38125 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
45000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
100000 USD
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
200000 USD
nshi Common Stock Dividend Declared Based On Daily Amount Per Share
CommonStockDividendDeclaredBasedOnDailyAmountPerShare
0.00184932
nshi Common Stock Annualized Distribution
CommonStockAnnualizedDistribution
0.675
CY2018 nshi Common Stock Dividend Declared Based On Daily Amount Per Share
CommonStockDividendDeclaredBasedOnDailyAmountPerShare
0.000924658
CY2018 nshi Common Stock Annualized Distribution
CommonStockAnnualizedDistribution
0.3375
CY2019Q1 nshi Common Stock Dividend Declared Based On Daily Amount Per Share
CommonStockDividendDeclaredBasedOnDailyAmountPerShare
0.000924658
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
73500000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
300000 shares
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2000000.0 USD
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
6.25
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1500000 shares
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10700000 USD
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
7.10
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-100000 USD
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
CY2020Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
75 property
CY2020Q1 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
10515 unit
CY2020Q1 us-gaap Noninterest Income
NoninterestIncome
72891000 USD
CY2020Q1 nshi Rentaland Resident Fee Income
RentalandResidentFeeIncome
72891000 USD
CY2020Q1 us-gaap Interest Income Operating
InterestIncomeOperating
1905000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
45701000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
16679000 USD
CY2020Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
7000 USD
CY2020Q1 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
4431000 USD
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3029000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16489000 USD
CY2020Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
0 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-993000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-12547000 USD
CY2019Q1 nshi Rentaland Resident Fee Income
RentalandResidentFeeIncome
72521000 USD
CY2019Q1 us-gaap Interest Income Operating
InterestIncomeOperating
1902000 USD
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
45218000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
17396000 USD
CY2019Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
38000 USD
CY2019Q1 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
4994000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3054000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
22399000 USD
CY2019Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
237000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-224000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-18669000 USD

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