2022 Q1 Form 10-Q Financial Statement

#000156103222000008 Filed on May 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $83.65M $83.44M
YoY Change 0.26% -16.76%
Cost Of Revenue
YoY Change
Gross Profit $30.56M $34.08M
YoY Change -10.33% -11.51%
Gross Profit Margin 36.53% 40.85%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.42M $20.10M
YoY Change 1.58% -0.46%
% of Gross Profit 66.82% 58.98%
Operating Expenses $95.95M $82.40M
YoY Change 16.44% -27.12%
Operating Profit -$12.60M $862.0K
YoY Change -1562.06% -108.19%
Interest Expense $11.76M $12.32M
YoY Change -4.53% -7.05%
% of Operating Profit 1429.47%
Other Income/Expense, Net -$10.76M -$12.26M
YoY Change -12.22% -7.4%
Pretax Income -$23.36M -$11.39M
YoY Change 105.03% -52.04%
Income Tax $39.00K $48.00K
% Of Pretax Income
Net Earnings -$23.40M -$11.44M
YoY Change 104.51% -53.76%
Net Earnings / Revenue -27.97% -13.71%
Basic Earnings Per Share -$0.26 -$0.12
Diluted Earnings Per Share -$0.26 -$0.12
COMMON SHARES
Basic Shares Outstanding 102.0M shares 101.9M shares
Diluted Shares Outstanding 102.0M shares 101.9M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $66.42M $74.07M
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 $2.194B $2.276B
YoY Change -3.59% -4.82%
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 $1.154B $1.310B
YoY Change -11.94% -4.33%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.007M $950.0K
YoY Change 6.0% 3.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.033B $960.9M
YoY Change
Total Liabilities & Shareholders Equity $2.194B $2.276B
YoY Change -3.59% -4.82%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$23.40M -$11.44M
YoY Change 104.51% -53.76%
Depreciation, Depletion And Amortization $20.42M $20.10M
YoY Change 1.58% -0.46%
Cash From Operating Activities $5.882M $13.96M
YoY Change -57.86% -26.35%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $8.448M -$10.87M
YoY Change -177.73% -88.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.865M -$1.334M
YoY Change 414.62% -101.91%
NET CHANGE
Cash From Operating Activities $5.882M $13.96M
Cash From Investing Activities $8.448M -$10.87M
Cash From Financing Activities -$6.865M -$1.334M
Net Change In Cash $7.465M $1.756M
YoY Change 325.11% -134.92%
FREE CASH FLOW
Cash From Operating Activities $5.882M $13.96M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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878000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
394000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
227000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-981000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2724000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2045000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1181000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1768000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1155000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5882000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13959000 USD
CY2022Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
CY2021Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
6694000 USD
CY2022Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3311000 USD
CY2021Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
4029000 USD
CY2022Q1 us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
0 USD
CY2021Q1 us-gaap Payments For Lease Commissions
PaymentsForLeaseCommissions
146000 USD
CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
11759000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8448000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10869000 USD
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3374000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
300000 USD
CY2022Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
39000 USD
CY2021Q1 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
85000 USD
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
40000 USD
CY2021Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
42000 USD
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
165000 USD
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
46000 USD
CY2021Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6865000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1334000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7465000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1756000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85382000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90346000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92847000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92102000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
66424000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74068000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
26423000 USD
CY2021Q1 us-gaap Restricted Cash
RestrictedCash
18034000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92847000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92102000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
10269000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
11156000 USD
CY2022Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
372000 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
149000 USD
CY2022Q1 us-gaap Stock Issued1
StockIssued1
21104000 USD
CY2021Q1 us-gaap Stock Issued1
StockIssued1
19926000 USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
198 property
CY2022Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
33 state
CY2022Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
9000000 sqft
CY2022Q1 hct Numberof Senior Housing Communities
NumberofSeniorHousingCommunities
50 property
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 hct Number Of Independent Contractors
NumberOfIndependentContractors
4 contractor
CY2022Q1 hct Numberof Senior Housing Communities
NumberofSeniorHousingCommunities
50 property
CY2022Q1 hct Number Of Land Parcels
NumberOfLandParcels
2 land_parcel
CY2021Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.01349 shares
CY2021Q3 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2021Q4 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2021Q2 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2022Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2022Q1 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
8209673 shares
CY2022Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2022Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.10416 shares
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><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-bottom:3pt;margin-top:3pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, impairments, fair value measurements and income taxes, as applicable.</span></div>
CY2022Q1 hct Rent Collection Percentage
RentCollectionPercentage
1
CY2021Q1 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
5100000 USD
CY2022Q1 hct Lease Remaining Lease Term
LeaseRemainingLeaseTerm
P5Y
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
79660000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
96806000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
88773000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
69461000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
77358000 USD
CY2022Q1 hct Lessor Operating Lease Paymenttobe Receivedafter Year Four
LessorOperatingLeasePaymenttobeReceivedafterYearFour
228820000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
640878000 USD
CY2022Q1 hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
400000 USD
CY2021Q1 hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
200000 USD
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2022Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 hct Numberof Senior Housing Communities
NumberofSeniorHousingCommunities
50 property
CY2022Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4700000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4200000 USD
CY2022Q1 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
0 USD
CY2021Q1 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
5100000 USD
CY2022Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
198 property
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10644000 USD
CY2021Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
878000 USD
CY2022Q1 hct Real Estate Investment At Cost Relatingto Notes Payable
RealEstateInvestmentAtCostRelatingtoNotesPayable
900000000 USD
CY2022Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
113 encumbered_property
CY2022Q1 us-gaap Line Of Credit
LineOfCredit
501988000 USD
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
502051000 USD
CY2022Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0306
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0300
CY2022Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2600000000 USD
CY2022Q1 hct Real Estate Investment At Cost Relatingto Notes Payable
RealEstateInvestmentAtCostRelatingtoNotesPayable
900000000 USD
CY2022Q1 hct Debt Instrument Covenants Minimum Cash Cash Equivalentsand Borrowing Capacity
DebtInstrumentCovenantsMinimumCashCashEquivalentsandBorrowingCapacity
50000000 USD
CY2020Q3 hct Debt Instrument Covenants Distribution In Excess Of Modified Funds From Operations Percent
DebtInstrumentCovenantsDistributionInExcessOfModifiedFundsFromOperationsPercent
0.95
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3363000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9756000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
156947000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6990000 USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
396731000 USD
CY2022Q1 hct Long Term Debt Maturityafter Year Four
LongTermDebtMaturityafterYearFour
519722000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1093509000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
11764000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
12322000 USD
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1000000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
14000 USD
CY2022Q1 hct Number Of Interest Rate Derivatives Not Yet In Effect
NumberOfInterestRateDerivativesNotYetInEffect
3 derivative
CY2022Q1 hct Derivative Notional Amount Not Yet In Effect
DerivativeNotionalAmountNotYetInEffect
140800000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
13321000 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2022Q1 us-gaap Derivative Assets
DerivativeAssets
13321000 USD
CY2022Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2022Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
13321000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
CY2022Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2022Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
174000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
174000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
174000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
13903000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
13903000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
13903000 USD
CY2022Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
-12500000 USD
CY2022Q1 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
12500000 USD
CY2022Q1 us-gaap Shares Outstanding
SharesOutstanding
100737224 shares
CY2021Q4 us-gaap Shares Outstanding
SharesOutstanding
99281754 shares
CY2022Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.10416 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4896620 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
20.60
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4896620 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
20.60
CY2022Q1 hct Drip Periodof Noticeto Alter Agreement
DRIPPeriodofNoticetoAlterAgreement
P10D
CY2022Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0 shares
CY2020Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2020Q3 hct Preferred Stock Additional Shares Authorized
PreferredStockAdditionalSharesAuthorized
600000 shares
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.85
CY2020Q4 us-gaap Stock Dividends Shares
StockDividendsShares
0.01349 shares
CY2021Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.01349 shares
CY2022Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2021Q4 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2021Q2 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2021Q3 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2022Q1 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
90 shares
CY2021Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
90 shares
CY2017Q1 hct Related Party Agreement Termof Agreement Renewal Period
RelatedPartyAgreementTermofAgreementRenewalPeriod
P10Y
CY2017Q1 hct Related Party Transaction Voting Percentage Requiredto Alter Agreement
RelatedPartyTransactionVotingPercentageRequiredtoAlterAgreement
0.67
CY2017Q1 hct Related Party Transaction Periodof Noticeto Alter Agreement
RelatedPartyTransactionPeriodofNoticetoAlterAgreement
P45D
CY2022Q1 hct Share Price Equity Instruments Netof Selling Commissionsand Dealer Fees
SharePriceEquityInstrumentsNetofSellingCommissionsandDealerFees
22.50
CY2022Q1 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
6541000 USD
CY2021Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
6336000 USD
CY2022Q1 hct Noncontrolling Interests In Property Owning Subsidiaries
NoncontrollingInterestsInPropertyOwningSubsidiaries
373000 USD
CY2021Q4 hct Noncontrolling Interests In Property Owning Subsidiaries
NoncontrollingInterestsInPropertyOwningSubsidiaries
368000 USD
CY2022Q1 us-gaap Minority Interest
MinorityInterest
6914000 USD
CY2021Q4 us-gaap Minority Interest
MinorityInterest
6704000 USD
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
46000 USD
CY2022Q1 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
90 shares
CY2021Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
90 shares
CY2022Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26801000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12230000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102000624 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
102000624 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101930013 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101930013 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1009003 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1079596 shares
CY2021Q1 hct Common Share Equivalents Shares Outstanding
CommonShareEquivalentsSharesOutstanding
359250 shares
CY2022Q1 hct Common Share Equivalents Shares Outstanding
CommonShareEquivalentsSharesOutstanding
359250 shares
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 us-gaap Revenues
Revenues
83650000 USD
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
53090000 USD
CY2022Q1 us-gaap Gross Profit
GrossProfit
30560000 USD
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10644000 USD
CY2022Q1 us-gaap Affiliate Costs
AffiliateCosts
6318000 USD
CY2022Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
579000 USD
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4899000 USD
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20420000 USD
CY2022Q1 us-gaap Interest Expense
InterestExpense
11764000 USD
CY2022Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
12000 USD
CY2022Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-303000 USD
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
994000 USD
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-49000 USD
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3450000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26801000 USD
CY2021Q1 us-gaap Revenues
Revenues
83436000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
49355000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
34081000 USD
CY2021Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
878000 USD
CY2021Q1 us-gaap Affiliate Costs
AffiliateCosts
5883000 USD
CY2021Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
132000 USD
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6052000 USD
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20102000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
12322000 USD
CY2021Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
52000 USD
CY2021Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-172000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
14000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
46000 USD
CY2021Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
742000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-12230000 USD
CY2022Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2011111000 USD
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2049927000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
66424000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
59738000 USD
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
26423000 USD
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
25644000 USD
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
13321000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
174000 USD
CY2022Q1 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
24252000 USD
CY2021Q4 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
23858000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7889000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7914000 USD
CY2022Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
30492000 USD
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
32564000 USD
CY2022Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
14139000 USD
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
14581000 USD
CY2022Q1 us-gaap Assets
Assets
2194051000 USD
CY2021Q4 us-gaap Assets
Assets
2214400000 USD
CY2022Q1 hct Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
7 lease
CY2022Q1 hct Lessee Finance Lease Number Of Contracts
LesseeFinanceLeaseNumberOfContracts
6 lease
CY2022Q1 hct Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
7 lease
CY2022Q1 hct Lessee Operating Lease Renewal Term Excluded
LesseeOperatingLeaseRenewalTermExcluded
P2Y6M
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7900000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
599000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
8100000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y8M12D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0737
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
200000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
200000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
200000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
200000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
482000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
65000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
645000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
88000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
632000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
90000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
588000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
93000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
95000 USD
CY2022Q1 hct Lessee Operating Lease Liabilitytobe Paid Dueafter Year Four
LesseeOperatingLeaseLiabilitytobePaidDueafterYearFour
22560000 USD
CY2022Q1 hct Finance Lease Liabilitytobe Paid Dueafter Year Four
FinanceLeaseLiabilitytobePaidDueafterYearFour
7312000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
25506000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
7743000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17386000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2905000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
8120000 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
4838000 USD

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