2024 Q4 Form 10-Q Financial Statement

#000162828024047225 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $88.94M $85.69M
YoY Change 3.8% 2.67%
Cost Of Revenue
YoY Change
Gross Profit $32.53M $31.36M
YoY Change 3.74% -2.8%
Gross Profit Margin 36.58% 36.6%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $111.4M $86.43M
YoY Change 28.95% -6.06%
Operating Profit -$20.93M -$912.0K
YoY Change 2194.52% -89.08%
Interest Expense $15.72M
YoY Change 18.34%
% of Operating Profit
Other Income/Expense, Net -$19.84M -$15.06M
YoY Change 31.79% 31.52%
Pretax Income -$40.77M -$15.97M
YoY Change 155.32% -19.35%
Income Tax $0.00 $157.0K
% Of Pretax Income
Net Earnings -$40.77M -$16.13M
YoY Change 152.83% -18.87%
Net Earnings / Revenue -45.84% -18.82%
Basic Earnings Per Share -$1.56 -$0.18
Diluted Earnings Per Share -$1.56 -$0.18
COMMON SHARES
Basic Shares Outstanding 28.30M shares 113.2M shares 109.9M shares
Diluted Shares Outstanding 28.29M shares 111.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $32.86M $51.04M
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 $1.998B $2.172B
YoY Change -8.04% -0.07%
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 $1.289B $1.232B
YoY Change 4.68% 7.06%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.132M $1.098M
YoY Change 3.1% 5.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $702.6M $934.0M
YoY Change
Total Liabilities & Shareholders Equity $1.998B $2.172B
YoY Change -8.04% -0.07%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$40.77M -$16.13M
YoY Change 152.83% -18.87%
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

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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-364000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-20926000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-912000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-122486000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
1841000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
18007000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
15720000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
52142000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
50208000 usd
CY2024Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
548000 usd
CY2023Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
258000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1077000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
576000 usd
CY2024Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-2384000 usd
CY2023Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
406000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
449000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
510000 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-19843000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15056000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-50616000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-49122000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-40769000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-15968000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-173102000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-47281000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
157000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
135000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
244000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-40769000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-16125000 usd
us-gaap Profit Loss
ProfitLoss
-173237000 usd
us-gaap Profit Loss
ProfitLoss
-47525000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-77000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-529000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-45000 usd
CY2024Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3450000 usd
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3450000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
10350000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
10349000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-44142000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-19561000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-183058000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-57829000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-10167000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
395000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-9163000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-1570000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-54309000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19166000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-192221000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-59399000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28291594 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28291594 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28279423 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28279423 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28283017 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28283017 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28273944 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28273944 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.56
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.56
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.69
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.69
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.05
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
900583000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
613000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
0 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
139000 usd
us-gaap Profit Loss
ProfitLoss
-173237000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9163000 usd
hct Adjustmentsto Additional Paidin Capital Rebalancing Of Ownership Percentage
AdjustmentstoAdditionalPaidinCapitalRebalancingOfOwnershipPercentage
0 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
762587000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
153000 usd
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
47000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-40769000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10167000 usd
CY2024Q3 hct Adjustmentsto Additional Paidin Capital Rebalancing Of Ownership Percentage
AdjustmentstoAdditionalPaidinCapitalRebalancingOfOwnershipPercentage
0 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
708306000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
999190000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
689000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.68
us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
0 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
138000 usd
us-gaap Profit Loss
ProfitLoss
-47525000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1570000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
284000 usd
hct Adjustmentsto Additional Paidin Capital Rebalancing Of Ownership Percentage
AdjustmentstoAdditionalPaidinCapitalRebalancingOfOwnershipPercentage
0 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
940581000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
959578000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
229000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.84
CY2023Q3 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
0 usd
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
46000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-16125000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
395000 usd
CY2023Q3 hct Adjustmentsto Additional Paidin Capital Rebalancing Of Ownership Percentage
AdjustmentstoAdditionalPaidinCapitalRebalancingOfOwnershipPercentage
0 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
940581000 usd
us-gaap Profit Loss
ProfitLoss
-173237000 usd
us-gaap Profit Loss
ProfitLoss
-47525000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
63386000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
61520000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2519000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5954000 usd
hct Amortization Accretion Of Terminated Swap Payment
AmortizationAccretionOfTerminatedSwapPayment
-1218000 usd
hct Amortization Accretion Of Terminated Swap Payment
AmortizationAccretionOfTerminatedSwapPayment
-2660000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
67000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
69000 usd
hct Accretion Of Below Market Lease Liabilities And Amortization Of Above Market Lease Assets Net
AccretionOfBelowMarketLeaseLiabilitiesAndAmortizationOfAboveMarketLeaseAssetsNet
-822000 usd
hct Accretion Of Below Market Lease Liabilities And Amortization Of Above Market Lease Assets Net
AccretionOfBelowMarketLeaseLiabilitiesAndAmortizationOfAboveMarketLeaseAssetsNet
-675000 usd
hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
914000 usd
hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
909000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
613000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
689000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1354000 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-364000 usd
hct Derivative Instruments Not Designated As Hedging Instruments Cash Received
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsCashReceived
5405000 usd
hct Derivative Instruments Not Designated As Hedging Instruments Cash Received
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsCashReceived
3866000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
449000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
510000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
11498000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
360000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
938000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1338000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4180000 usd
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-2126000 usd
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
0 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
0 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
5413000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7774000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
30267000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51041000 usd
hct Noncash Or Part Noncash Mortgages Issued With Acquisition Of Real Estate Investments
NoncashOrPartNoncashMortgagesIssuedWithAcquisitionOfRealEstateInvestments
7500000 usd
hct Noncash Or Part Noncash Mortgages Issued With Acquisition Of Real Estate Investments
NoncashOrPartNoncashMortgagesIssuedWithAcquisitionOfRealEstateInvestments
0 usd
hct Noncash Or Part Noncash Mortgage Notes Payable Secured In Connection With The Acquisition Of Real Estate
NoncashOrPartNoncashMortgageNotesPayableSecuredInConnectionWithTheAcquisitionOfRealEstate
0 usd
hct Noncash Or Part Noncash Mortgage Notes Payable Secured In Connection With The Acquisition Of Real Estate
NoncashOrPartNoncashMortgageNotesPayableSecuredInConnectionWithTheAcquisitionOfRealEstate
2663000 usd
hct Noncash Or Part Noncash Mortgage Notes Payable Repaid With Proceeds From Real Estate Sales
NoncashOrPartNoncashMortgageNotesPayableRepaidWithProceedsFromRealEstateSales
0 usd
hct Noncash Or Part Noncash Mortgage Notes Payable Repaid With Proceeds From Real Estate Sales
NoncashOrPartNoncashMortgageNotesPayableRepaidWithProceedsFromRealEstateSales
-2663000 usd
hct Noncash Or Part Noncash Proceeds From Real Estate Sales Used To Repay Amounts Outstanding Under Prior Credit Facility
NoncashOrPartNoncashProceedsFromRealEstateSalesUsedToRepayAmountsOutstandingUnderPriorCreditFacility
0 usd
hct Noncash Or Part Noncash Proceeds From Real Estate Sales Used To Repay Amounts Outstanding Under Prior Credit Facility
NoncashOrPartNoncashProceedsFromRealEstateSalesUsedToRepayAmountsOutstandingUnderPriorCreditFacility
5167000 usd
hct Noncash Or Part Noncash Amounts Outstanding Under Prior Credit Facility Repaid With Proceeds From Real Estate Sales
NoncashOrPartNoncashAmountsOutstandingUnderPriorCreditFacilityRepaidWithProceedsFromRealEstateSales
0 usd
hct Noncash Or Part Noncash Amounts Outstanding Under Prior Credit Facility Repaid With Proceeds From Real Estate Sales
NoncashOrPartNoncashAmountsOutstandingUnderPriorCreditFacilityRepaidWithProceedsFromRealEstateSales
-5167000 usd
CY2024Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
198 property
CY2024Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
32 state
CY2024Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
8600000 sqft
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
hct Number Of Independent Contractors
NumberOfIndependentContractors
4 contractor
CY2024Q3 hct Numberof Senior Housing Communities
NumberofSeniorHousingCommunities
44 property
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 hct Common Stock Par Or Stated Value Per Share After Reverse Stock Split
CommonStockParOrStatedValuePerShareAfterReverseStockSplit
0.04
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:5pt;margin-top:5pt;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:5pt;margin-top:5pt;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>
hct Lease Remaining Lease Term
LeaseRemainingLeaseTerm
P4Y3M18D
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
36985000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
104923000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
100211000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
90354000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
76190000 usd
CY2024Q3 hct Lessor Operating Lease Paymenttobe Receivedafter Year Four
LessorOperatingLeasePaymenttobeReceivedafterYearFour
375254000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
783917000 usd
CY2024Q3 hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
100000 usd
hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
900000 usd
CY2023Q3 hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
200000 usd
hct Operating Lease Net Investmentin Lease Credit Loss Expense Reversal
OperatingLeaseNetInvestmentinLeaseCreditLossExpenseReversal
900000 usd
CY2024Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 usd
CY2023Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q3 hct Numberof Senior Housing Communities
NumberofSeniorHousingCommunities
44 property
CY2023 hct Number Of Intercompany Leases Modified
NumberOfIntercompanyLeasesModified
26 lease
hct Deferred Tax Asset Valuation Allowance Percentage
DeferredTaxAssetValuationAllowancePercentage
1
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
10200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
8100000 usd
CY2024Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
198 property
CY2024Q3 hct Real Estate Investment At Cost Relating To Notes Payable
RealEstateInvestmentAtCostRelatingToNotesPayable
1300000000 usd
CY2024Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
28 encumberedproperty
CY2024Q3 us-gaap Line Of Credit
LineOfCredit
363659000 usd
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
361026000 usd
CY2024Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0791
CY2023Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0790
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2500000000 usd
CY2024Q3 hct Real Estate Investment At Cost Relating To Notes Payable
RealEstateInvestmentAtCostRelatingToNotesPayable
1300000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1742000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
19039000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
735840000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
922000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
116989000 usd
CY2024Q3 hct Long Term Debt Maturityafter Year Four
LongTermDebtMaturityafterYearFour
317127000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1191659000 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
18007000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
15720000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
52142000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
50208000 usd
CY2024Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-2400000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
400000 usd
CY2023Q3 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
500000 usd
hct Derivative Instruments Not Designated As Hedging Instruments Cash Received
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsCashReceived
5400000 usd
hct Derivative Instruments Not Designated As Hedging Instruments Cash Received
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsCashReceived
3900000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
17177000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
28370000 usd
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CY2024Q3 hct Noncontrolling Interest In Net Income Loss Property Owning Subsidiaries
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NoncontrollingInterestInNetIncomeLossPropertyOwningSubsidiaries
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CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2024Q3 us-gaap Revenues
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Gross Profit
GrossProfit
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CY2024Q3 us-gaap Impairment Of Real Estate
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us-gaap Impairment Of Real Estate
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AffiliateCosts
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AffiliateCosts
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AffiliateCosts
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TerminationFeesRelatedParty
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CY2023Q3 hct Termination Fees Related Party
TerminationFeesRelatedParty
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hct Termination Fees Related Party
TerminationFeesRelatedParty
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TerminationFeesRelatedParty
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CY2024Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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BusinessCombinationAcquisitionRelatedCosts
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BusinessCombinationAcquisitionRelatedCosts
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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GeneralAndAdministrativeExpense
5502000 usd
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GeneralAndAdministrativeExpense
4753000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16938000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20720000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
20776000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2024Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1579000 usd
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GainsLossesOnSalesOfInvestmentRealEstate
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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
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us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
52142000 usd
us-gaap Interest Expense Nonoperating
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InterestAndOtherIncome
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InterestAndOtherIncome
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449000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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510000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
157000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
135000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
244000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterest
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NetIncomeLossAttributableToNoncontrollingInterest
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CY2024Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3450000 usd
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3450000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
10350000 usd
us-gaap Dividends Preferred Stock
DividendsPreferredStock
10349000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-44142000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1814860000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1939657000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
32858000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q3 us-gaap Restricted Cash
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52054000 usd
CY2023Q4 us-gaap Restricted Cash
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44907000 usd
CY2024Q3 us-gaap Derivative Assets
DerivativeAssets
17177000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
28370000 usd
CY2024Q3 us-gaap Deferred Rent Receivables Net Noncurrent
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23056000 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net Noncurrent
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26325000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7553000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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7713000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets
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32874000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
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CY2024Q3 us-gaap Deferred Costs Current And Noncurrent
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CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
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CY2024Q3 us-gaap Assets
Assets
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CY2023Q4 us-gaap Assets
Assets
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hct Lessee Operating Lease Number Of Contracts
LesseeOperatingLeaseNumberOfContracts
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LesseeFinanceLeaseNumberOfContracts
6 lease
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LesseeOperatingLeaseNumberOfContracts
7 lease
hct Lessee Operating Lease Renewal Term Excluded
LesseeOperatingLeaseRenewalTermExcluded
P2Y
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
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CY2024Q3 us-gaap Operating Lease Liability
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8100000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q3 us-gaap Operating Lease Payments
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200000 usd
CY2024Q3 us-gaap Operating Lease Payments
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200000 usd
CY2023Q3 us-gaap Operating Lease Cost
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200000 usd
CY2024Q3 us-gaap Operating Lease Cost
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200000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
163000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2024Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
619000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
100000 usd
CY2024Q3 hct Lessee Operating Lease Liabilitytobe Paid Dueafter Year Four
LesseeOperatingLeaseLiabilitytobePaidDueafterYearFour
21324000 usd
CY2024Q3 hct Finance Lease Liabilitytobe Paid Dueafter Year Four
FinanceLeaseLiabilitytobePaidDueafterYearFour
7115000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
24025000 usd
CY2024Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
7523000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15903000 usd
CY2024Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2693000 usd
CY2024Q3 us-gaap Operating Lease Liability
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8122000 usd
CY2024Q3 us-gaap Finance Lease Liability
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CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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