2023 Q2 Form 10-Q Financial Statement

#000156103223000011 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $86.10M $87.36M
YoY Change 2.72% 4.43%
Cost Of Revenue
YoY Change
Gross Profit $32.54M $33.47M
YoY Change 4.17% 9.53%
Gross Profit Margin 37.79% 38.32%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.18M
YoY Change -1.19%
% of Gross Profit 60.28%
Operating Expenses $84.99M $85.53M
YoY Change -5.32% -10.86%
Operating Profit $813.0K $1.940M
YoY Change -113.7% -115.39%
Interest Expense $18.70M $15.79M
YoY Change 55.21% 34.18%
% of Operating Profit 2300.49% 813.66%
Other Income/Expense, Net -$18.10M -$15.96M
YoY Change 55.32% 48.37%
Pretax Income -$17.29M -$14.02M
YoY Change -1.71% -39.98%
Income Tax $41.00K $46.00K
% Of Pretax Income
Net Earnings -$17.33M -$14.07M
YoY Change -1.72% -39.88%
Net Earnings / Revenue -20.13% -16.1%
Basic Earnings Per Share -$0.19 -$0.16
Diluted Earnings Per Share -$0.19 -$0.16
COMMON SHARES
Basic Shares Outstanding 108.2M shares 106.6M shares
Diluted Shares Outstanding 109.7M shares 108.1M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $71.71M $35.79M
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 $2.185B $2.170B
YoY Change 0.32% -1.09%
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 $1.226B $1.196B
YoY Change 6.69% 3.61%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.082M $1.066M
YoY Change 5.87% 5.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $952.9M $968.0M
YoY Change
Total Liabilities & Shareholders Equity $2.185B $2.170B
YoY Change 0.32% -1.09%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$17.33M -$14.07M
YoY Change -1.72% -39.88%
Depreciation, Depletion And Amortization $20.18M
YoY Change -1.19%
Cash From Operating Activities $4.989M
YoY Change -15.18%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$29.08M
YoY Change -444.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $8.898M
YoY Change -229.61%
NET CHANGE
Cash From Operating Activities $4.989M
Cash From Investing Activities -$29.08M
Cash From Financing Activities $8.898M
Net Change In Cash -$15.19M
YoY Change -303.48%
FREE CASH FLOW
Cash From Operating Activities $4.989M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
994000 usd
CY2023Q1 us-gaap Asset Impairment Charges
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0 usd
CY2022Q1 us-gaap Asset Impairment Charges
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10644000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
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217000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
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394000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
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524000 usd
CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
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4989000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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5882000 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate
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25443000 usd
CY2022Q1 us-gaap Payments To Acquire Real Estate
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CY2023Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
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3634000 usd
CY2022Q1 us-gaap Payments To Acquire Other Property Plant And Equipment
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CY2023Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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0 usd
CY2022Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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11759000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Repayments Of Lines Of Credit
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1442000 usd
CY2022Q1 us-gaap Repayments Of Lines Of Credit
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0 usd
CY2023Q1 us-gaap Proceeds From Lines Of Credit
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20000000 usd
CY2022Q1 us-gaap Proceeds From Lines Of Credit
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CY2023Q1 us-gaap Repayments Of Secured Debt
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283000 usd
CY2022Q1 us-gaap Repayments Of Secured Debt
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3374000 usd
CY2023Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
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CY2022Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
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39000 usd
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CY2022Q1 us-gaap Payments Of Financing Costs
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40000 usd
CY2023Q1 hct Payments For Escrow Deposit
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7783000 usd
CY2022Q1 hct Payments For Escrow Deposit
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0 usd
CY2023Q1 us-gaap Payments Of Stock Issuance Costs
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2000 usd
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
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6000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
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46000 usd
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
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46000 usd
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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7465000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76538000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85382000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61348000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92847000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35794000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
66424000 usd
CY2023Q1 us-gaap Restricted Cash
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25554000 usd
CY2022Q1 us-gaap Restricted Cash
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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61348000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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92847000 usd
CY2023Q1 us-gaap Interest Paid Net
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CY2022Q1 us-gaap Interest Paid Net
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CY2022Q1 us-gaap Income Taxes Paid
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372000 usd
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22335000 usd
CY2022Q1 us-gaap Stock Issued1
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34 state
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9200000 sqft
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50 property
CY2023Q1 us-gaap Number Of Reportable Segments
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2 segment
CY2023Q1 hct Number Of Independent Contractors
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4 contractor
CY2023Q1 hct Numberof Senior Housing Communities
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50 property
us-gaap Common Stock Dividends Shares
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14000000 shares
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CY2023Q1 us-gaap Use Of Estimates
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<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>
CY2022 hct Proceeds From Government Assistance Cares Act
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CY2021 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
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ProceedsFromGovernmentAssistanceCARESAct
3600000 usd
CY2022Q1 hct Proceeds From Government Assistance Cares Act
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CY2023Q1 hct Lease Remaining Lease Term
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P4Y10M24D
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
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CY2023Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
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CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
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80916000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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103347000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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92567000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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84648000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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66412000 usd
CY2023Q1 hct Lessor Operating Lease Paymenttobe Receivedafter Year Four
LessorOperatingLeasePaymenttobeReceivedafterYearFour
229080000 usd
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
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656970000 usd
CY2023Q1 hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
300000 usd
CY2022Q1 hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
400000 usd
CY2023Q1 us-gaap Number Of Reportable Segments
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2 segment
CY2023Q1 hct Numberof Senior Housing Communities
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50 property
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25 lease
CY2023Q1 hct Deferred Tax Asset Valuation Allowance Percentage
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1
CY2023Q1 us-gaap Deferred Tax Assets Net
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7600000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
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6900000 usd
CY2023Q1 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
0 usd
CY2022Q1 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
0 usd
CY2023Q1 us-gaap Number Of Real Estate Properties
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119 encumberedproperty
CY2023Q1 us-gaap Number Of Real Estate Properties
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207 property
CY2023Q1 us-gaap Line Of Credit
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549205000 usd
CY2022Q4 us-gaap Line Of Credit
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CY2023Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.0662
CY2023Q1 hct Disposal Group Including Discontinued Operation Number Of Properties Disposed
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0 property
CY2023Q1 hct Real Estate Investment At Cost Relatingto Notes Payable
RealEstateInvestmentAtCostRelatingtoNotesPayable
900000000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
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0.0594
CY2023Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2600000000 usd
CY2023Q1 hct Real Estate Investment At Cost Relatingto Notes Payable
RealEstateInvestmentAtCostRelatingtoNotesPayable
900000000 usd
CY2023Q1 hct Debt Instrument Covenants Minimum Cash Cash Equivalentsand Borrowing Capacity
DebtInstrumentCovenantsMinimumCashCashEquivalentsandBorrowingCapacity
50000000 usd
CY2023Q1 hct Debt Instrument Covenants Distribution In Excess Of Modified Funds From Operations Percent
DebtInstrumentCovenantsDistributionInExcessOfModifiedFundsFromOperationsPercent
0.95
CY2023Q1 us-gaap Stock Repurchase Program Authorized Amount1
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50000000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
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5183000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
206947000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
19039000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
714133000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
922000 usd
CY2023Q1 hct Long Term Debt Maturityafter Year Four
LongTermDebtMaturityafterYearFour
189278000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
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1135502000 usd
CY2023Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
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-1900000 usd
CY2023Q1 us-gaap Derivative Asset Fair Value Gross Liability
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0 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
30419000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
15785000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
11764000 usd
CY2023Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
-1900000 usd
CY2023Q1 hct Number Of Interest Rate Derivatives Not Yet In Effect
NumberOfInterestRateDerivativesNotYetInEffect
3 derivative
CY2023Q1 hct Derivative Notional Amount Not Yet In Effect
DerivativeNotionalAmountNotYetInEffect
52600000 usd
CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-200000 usd
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1000000 usd
CY2023Q1 hct Derivative Instruments Not Designated As Hedging Instruments Cash Received
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsCashReceived
900000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
30419000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Liability
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0 usd
CY2023Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2023Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
30419000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
40647000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
40647000 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Securities
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0 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
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0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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40647000 usd
CY2023Q1 us-gaap Shares Outstanding
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CY2022Q4 us-gaap Shares Outstanding
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us-gaap Common Stock Dividends Shares
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14000000 shares
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
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0 shares
CY2022 us-gaap Stock Issued During Period Shares New Issues
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0 shares
CY2023Q1 hct Stock Repurchase Program Share Price Percentage Of Estimated Per Share Nav
StockRepurchaseProgramSharePricePercentageOfEstimatedPerShareNAV
1
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
4896620 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
20.60
CY2023Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2023Q1 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
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20.60
CY2023Q1 hct Drip Periodof Noticeto Alter Agreement
DRIPPeriodofNoticetoAlterAgreement
P10D
CY2023Q1 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
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0 shares
CY2022 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
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0 shares
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1 shares
CY2020Q3 hct Preferred Stock Additional Shares Authorized
PreferredStockAdditionalSharesAuthorized
600000 shares
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
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0.85
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0.013492 shares
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0.014655 shares
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0.014655 shares
CY2021Q4 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2022Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2022Q2 us-gaap Stock Dividends Shares
StockDividendsShares
0.014167 shares
CY2022Q3 us-gaap Stock Dividends Shares
StockDividendsShares
0.014167 shares
CY2022Q4 us-gaap Stock Dividends Shares
StockDividendsShares
0.014167 shares
CY2023Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.014167 shares
CY2023Q1 us-gaap Limited Partners Capital Account Units Outstanding
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90 shares
CY2022Q4 us-gaap Limited Partners Capital Account Units Outstanding
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90 shares
CY2017Q1 hct Related Party Agreement Termof Agreement Renewal Period
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P10Y
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
CY2023Q1 hct Share Price Equity Instruments Netof Selling Commissionsand Dealer Fees
SharePriceEquityInstrumentsNetofSellingCommissionsandDealerFees
22.50
CY2023Q1 us-gaap Minority Interest In Operating Partnerships
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6045000 usd
CY2022Q4 us-gaap Minority Interest In Operating Partnerships
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6162000 usd
CY2023Q1 hct Noncontrolling Interests In Property Owning Subsidiaries
NoncontrollingInterestsInPropertyOwningSubsidiaries
396000 usd
CY2022Q4 hct Noncontrolling Interests In Property Owning Subsidiaries
NoncontrollingInterestsInPropertyOwningSubsidiaries
389000 usd
CY2023Q1 us-gaap Minority Interest
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6441000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
6551000 usd
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
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46000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
46000 usd
CY2023Q1 us-gaap Limited Partners Capital Account Units Outstanding
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90 shares
CY2022Q4 us-gaap Limited Partners Capital Account Units Outstanding
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90 shares
CY2023Q1 us-gaap Payments To Minority Shareholders
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0 usd
CY2022Q1 us-gaap Payments To Minority Shareholders
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CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-17509000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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-26801000 usd
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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108087025 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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108087025 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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108013529 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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108013529 shares
CY2023Q1 us-gaap Earnings Per Share Diluted
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-0.16
CY2023Q1 us-gaap Earnings Per Share Basic
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-0.16
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2022Q1 us-gaap Earnings Per Share Basic
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-0.25
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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994975 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1068456 shares
CY2023Q1 hct Common Share Equivalents Shares Outstanding
CommonShareEquivalentsSharesOutstanding
359250 shares
CY2022Q1 hct Common Share Equivalents Shares Outstanding
CommonShareEquivalentsSharesOutstanding
359250 shares
CY2022Q1 us-gaap Number Of Reportable Segments
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2 segment
CY2023Q1 us-gaap Number Of Reportable Segments
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2 segment
CY2023Q1 us-gaap Number Of Reportable Segments
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2 segment
CY2023Q1 us-gaap Revenues
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87355000 usd
CY2022Q1 us-gaap Revenues
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83650000 usd
CY2023Q1 us-gaap Operating Lease Expense
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53883000 usd
CY2022Q1 us-gaap Operating Lease Expense
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53090000 usd
CY2023Q1 us-gaap Gross Profit
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33472000 usd
CY2022Q1 us-gaap Gross Profit
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30560000 usd
CY2023Q1 us-gaap Impairment Of Real Estate
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0 usd
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
10644000 usd
CY2023Q1 us-gaap Affiliate Costs
AffiliateCosts
6387000 usd
CY2022Q1 us-gaap Affiliate Costs
AffiliateCosts
6318000 usd
CY2023Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
63000 usd
CY2022Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
579000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5021000 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4899000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20176000 usd
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20420000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
15785000 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
11764000 usd
CY2023Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
5000 usd
CY2022Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
12000 usd
CY2023Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
115000 usd
CY2022Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-303000 usd
CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-182000 usd
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
994000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-9000 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-49000 usd
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3450000 usd
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3450000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17509000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26801000 usd
CY2023Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1987213000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1978297000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35794000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53654000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
25554000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
22884000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
30419000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
40647000 usd
CY2023Q1 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
25473000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
25276000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7789000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7814000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
41200000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
34554000 usd
CY2023Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
16614000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
17223000 usd
CY2023Q1 us-gaap Assets
Assets
2170056000 usd
CY2022Q4 us-gaap Assets
Assets
2180349000 usd
CY2023Q1 hct Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
7 lease
CY2023Q1 hct Lessee Finance Lease Number Of Contracts
LesseeFinanceLeaseNumberOfContracts
6 lease
CY2023Q1 hct Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
7 lease
CY2023Q1 hct Lessee Operating Lease Renewal Term Excluded
LesseeOperatingLeaseRenewalTermExcluded
P1Y6M
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7800000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
8100000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0737
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
200000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
200000 usd
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
200000 usd
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
200000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
486000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
66000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
632000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
90000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
588000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
93000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
599000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
95000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
617000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
97000 usd
CY2023Q1 hct Lessee Operating Lease Liabilitytobe Paid Dueafter Year Four
LesseeOperatingLeaseLiabilitytobePaidDueafterYearFour
21942000 usd
CY2023Q1 hct Finance Lease Liabilitytobe Paid Dueafter Year Four
FinanceLeaseLiabilitytobePaidDueafterYearFour
7215000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
24864000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
7656000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16789000 usd
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2820000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
8075000 usd
CY2023Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
4836000 usd

Files In Submission

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hct-20230331_cal.xml Edgar Link unprocessable
hct-20230331_lab.xml Edgar Link unprocessable
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Financial_Report.xlsx Edgar Link pending
hct-20230331.htm Edgar Link pending
hct-20230331.xsd Edgar Link pending
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