Revenue and Income Growth - 2024 rental revenues increased by 17.3millionor17.3104.4 million[4] - Net income rose from 20.2millionin2023to26.5 million in 2024, reflecting increased rental revenue and lower losses on real estate[11] - Rental revenues increased to 117,058,000in2024from99,805,000 in 2023, representing a growth of 17.2%[22] - Net income rose to 26,505,000in2024,comparedto20,244,000 in 2023, an increase of 31.0%[22] - Funds from Operations (FFO) for 2024 were 60,193,000,upfrom49,479,000 in 2023, reflecting a growth of 21.5%[25] - Adjusted Funds from Operations (AFFO) increased to 55,825,000in2024from52,668,000 in 2023, a rise of 5.4%[25] - Basic and diluted income per common share improved to 0.57in2024,comparedto0.39 in 2023, an increase of 46.2%[22] - Comprehensive income attributable to common stockholders was 3,906,000in2024,comparedto2,639,000 in 2023, an increase of 48.0%[22] Expenses and Liabilities - General and administrative expenses increased by 1.2millionor20.98.1 million or 30.5% compared to fiscal year 2023, primarily due to additional interest payments on bonds[8] - Total expenses increased to 55,755,000in2024from52,366,000 in 2023, a rise of 6.6%[22] - Interest expense increased to 34,808,000in2024,comparedto26,674,000 in 2023, an increase of 30.5%[22] - Total liabilities rose to 704.0millionin2024from569.5 million in 2023[21] Assets and Acquisitions - Total assets increased to 787.6millionin2024from616.8 million in 2023[21] - The company acquired 15 facilities (1,985 beds) for 130.3millionin2024,expandingintoMissouri[3]−ThecompanyclosedtheacquisitionofsixhealthcarefacilitiesinKansasfor24 million in January 2025[2] Rent Collection and Dividends - The company collected 100% of its contractual rents for the year ended December 31, 2024[2] - The company declared a cash dividend of 0.14pershare,payableonMarch31,2025[12]StockandShareholderInformation−Theweightedaveragenumberofcommonstockoutstandingincreasedto7,124,158in2024from6,365,196in2023,anincreaseof11.92,451,000 in 2023, which was not present in 2024[22][26]
