$NHPAP
National Healthcare Properties, Inc.

2023 Q3 Form 10-Q Financial Statement

#000156103223000015 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $85.69M $86.10M
YoY Change 2.67% 2.72%
Cost Of Revenue
YoY Change
Gross Profit $31.36M $32.54M
YoY Change -2.8% 4.17%
Gross Profit Margin 36.6% 37.79%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $86.43M $84.99M
YoY Change -6.06% -5.32%
Operating Profit -$912.0K $813.0K
YoY Change -89.08% -113.7%
Interest Expense $15.72M $18.70M
YoY Change 18.34% 55.21%
% of Operating Profit 2300.49%
Other Income/Expense, Net -$15.06M -$18.10M
YoY Change 31.52% 55.32%
Pretax Income -$15.97M -$17.29M
YoY Change -19.35% -1.71%
Income Tax $157.0K $41.00K
% Of Pretax Income
Net Earnings -$16.13M -$17.33M
YoY Change -18.87% -1.72%
Net Earnings / Revenue -18.82% -20.13%
Basic Earnings Per Share -$0.18 -$0.19
Diluted Earnings Per Share -$0.18 -$0.19
COMMON SHARES
Basic Shares Outstanding 109.9M shares 108.2M shares
Diluted Shares Outstanding 111.4M shares 109.7M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $51.04M $71.71M
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 $2.172B $2.185B
YoY Change -0.07% 0.32%
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 $1.232B $1.226B
YoY Change 7.06% 6.69%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.098M $1.082M
YoY Change 5.98% 5.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $934.0M $952.9M
YoY Change
Total Liabilities & Shareholders Equity $2.172B $2.185B
YoY Change -0.07% 0.32%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$16.13M -$17.33M
YoY Change -18.87% -1.72%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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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>
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4500000 usd
CY2021 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
5100000 usd
CY2020 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
3600000 usd
hct Lease Remaining Lease Term
LeaseRemainingLeaseTerm
P4Y9M18D
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
54165000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
105063000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
94324000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
86414000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
68157000 usd
CY2023Q2 hct Lessor Operating Lease Paymenttobe Receivedafter Year Four
LessorOperatingLeasePaymenttobeReceivedafterYearFour
232411000 usd
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
640534000 usd
CY2023Q2 hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
400000 usd
hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
700000 usd
CY2022Q2 hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
400000 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 usd
CY2023Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q2 hct Numberof Senior Housing Communities
NumberofSeniorHousingCommunities
46 property
CY2020 hct Number Of Intercompany Leases Modified
NumberOfIntercompanyLeasesModified
25 lease
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3458000 usd
hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
0 usd
CY2023Q2 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
0 usd
CY2022Q2 hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
200000 usd
hct Proceeds From Government Assistance Cares Act
ProceedsFromGovernmentAssistanceCARESAct
200000 usd
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
202 property
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6947000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
19039000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
714133000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
922000 usd
CY2023Q2 hct Real Estate Investment At Cost Relatingto Notes Payable
RealEstateInvestmentAtCostRelatingtoNotesPayable
1300000000 usd
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
21 encumberedproperty
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
530297000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0594
CY2023Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2600000000 usd
CY2023Q2 hct Real Estate Investment At Cost Relatingto Notes Payable
RealEstateInvestmentAtCostRelatingtoNotesPayable
1300000000 usd
CY2023Q2 hct Long Term Debt Maturityafter Year Four
LongTermDebtMaturityafterYearFour
426615000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1171114000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
18703000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
12050000 usd
us-gaap Interest Expense
InterestExpense
34488000 usd
us-gaap Interest Expense
InterestExpense
23814000 usd
CY2023Q2 hct Number Of Interest Rate Derivatives Not Yet In Effect
NumberOfInterestRateDerivativesNotYetInEffect
3 derivative
CY2023Q2 hct Derivative Notional Amount Not Yet In Effect
DerivativeNotionalAmountNotYetInEffect
52600000 usd
CY2023Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
300000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
100000 usd
CY2022Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
400000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1400000 usd
hct Derivative Instruments Not Designated As Hedging Instruments Cash Received
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsCashReceived
2300000 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
36776000 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2023Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2023Q2 us-gaap Derivative Assets
DerivativeAssets
36776000 usd
CY2023Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2023Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
36776000 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
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
40647000 usd
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
108284434 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
105080531 shares
us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
15700000 shares
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0 shares
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
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
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
hct Drip Periodof Noticeto Alter Agreement
DRIPPeriodofNoticetoAlterAgreement
P10D
CY2022 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
0 shares
CY2020Q4 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
0.013492 shares
CY2021Q1 us-gaap Stock Dividends Shares
StockDividendsShares
0.013492 shares
CY2021Q2 us-gaap Stock Dividends Shares
StockDividendsShares
0.014655 shares
CY2021Q3 us-gaap Stock Dividends Shares
StockDividendsShares
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
CY2023Q2 us-gaap Stock Dividends Shares
StockDividendsShares
0.015179 shares
CY2023Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
90 shares
CY2022Q4 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 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
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109653175 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2023Q2 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
5976000 usd
CY2022Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
6162000 usd
CY2023Q2 hct Noncontrolling Interests In Property Owning Subsidiaries
NoncontrollingInterestsInPropertyOwningSubsidiaries
684000 usd
CY2022Q4 hct Noncontrolling Interests In Property Owning Subsidiaries
NoncontrollingInterestsInPropertyOwningSubsidiaries
389000 usd
CY2023Q2 us-gaap Minority Interest
MinorityInterest
6660000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
6551000 usd
CY2023Q2 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
100000 usd
CY2022Q2 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
100000 usd
CY2023Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
90 shares
CY2022Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
90 shares
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20759000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21055000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-38268000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-47856000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109727785 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109653175 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
109727785 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109727785 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
109653175 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1008974 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1084710 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1008974 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1084710 shares
CY2023Q2 hct Common Share Equivalents Shares Outstanding
CommonShareEquivalentsSharesOutstanding
359250 shares
CY2022Q2 hct Common Share Equivalents Shares Outstanding
CommonShareEquivalentsSharesOutstanding
359250 shares
CY2023Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q2 us-gaap Revenues
Revenues
86104000 usd
CY2022Q2 us-gaap Revenues
Revenues
83826000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
53569000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
52592000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
32535000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
31234000 usd
CY2023Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
6193000 usd
CY2023Q2 us-gaap Affiliate Costs
AffiliateCosts
6369000 usd
CY2022Q2 us-gaap Affiliate Costs
AffiliateCosts
6352000 usd
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
148000 usd
CY2022Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
375000 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4331000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3999000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20568000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20251000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
18703000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
12050000 usd
CY2023Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
313000 usd
CY2022Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
2000 usd
CY2023Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-306000 usd
CY2022Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 usd
CY2023Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
286000 usd
CY2022Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
392000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-22000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-29000 usd
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3449000 usd
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3449000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20759000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-21055000 usd
us-gaap Revenues
Revenues
167476000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
107452000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
105682000 usd
us-gaap Gross Profit
GrossProfit
61794000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
16837000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
211000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
954000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9352000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8898000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
40744000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
40671000 usd
us-gaap Interest Expense
InterestExpense
34488000 usd
us-gaap Interest Expense
InterestExpense
23814000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
318000 usd
us-gaap Interest And Other Income
InterestAndOtherIncome
14000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-191000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-303000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
104000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
1386000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
87000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
82000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-31000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-78000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
6899000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
6899000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-38268000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-47856000 usd
CY2023Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1961387000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1978297000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
71705000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
53654000 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
33800000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
22884000 usd
CY2023Q2 us-gaap Derivative Assets
DerivativeAssets
36776000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
40647000 usd
CY2023Q2 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
25864000 usd
CY2022Q4 us-gaap Deferred Rent Receivables Net Noncurrent
DeferredRentReceivablesNetNoncurrent
25276000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7764000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7814000 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
33125000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
34554000 usd
CY2023Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
14856000 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
17223000 usd
CY2023Q2 us-gaap Assets
Assets
2185277000 usd
CY2022Q4 us-gaap Assets
Assets
2180349000 usd
hct Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
7 lease
hct Lessee Finance Lease Number Of Contracts
LesseeFinanceLeaseNumberOfContracts
6 lease
hct Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
7 lease
hct Lessee Operating Lease Renewal Term Excluded
LesseeOperatingLeaseRenewalTermExcluded
P1Y3M18D
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
8100000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y2M12D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0737
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
200000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
200000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
400000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
400000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
200000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
200000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
400000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
323000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
44000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
632000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
90000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
588000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
93000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
599000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
95000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
617000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
97000 usd
CY2023Q2 hct Lessee Operating Lease Liabilitytobe Paid Dueafter Year Four
LesseeOperatingLeaseLiabilitytobePaidDueafterYearFour
21942000 usd
CY2023Q2 hct Finance Lease Liabilitytobe Paid Dueafter Year Four
FinanceLeaseLiabilitytobePaidDueafterYearFour
7215000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
24701000 usd
CY2023Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
7634000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16638000 usd
CY2023Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2799000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
8063000 usd
CY2023Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4835000 usd

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