Financial Performance - The Company reported a net loss of $(0.56) per basic and diluted share, with Nareit defined Funds from Operations (FFO) of $0.23 per diluted share, and Adjusted Funds from Operations (AFFO) of $0.36 per diluted share[5]. - The net loss attributable to common stockholders for Q3 2025 was $15,881,000, compared to a net loss of $24,189,000 in Q2 2025, indicating an improvement of 34.5%[29]. - The company reported a comprehensive loss attributable to common stockholders of $17,762,000 for Q3 2025, compared to $26,394,000 in Q2 2025, indicating a decrease of 32.9%[28]. - The company reported an operating income of $2,375,000 for Q3 2025, recovering from an operating loss of $5,518,000 in Q2 2025[28]. - Funds from Operations (FFO) attributable to common stockholders increased to $6,708,000 in Q3 2025, up 25.3% from $5,352,000 in Q2 2025[34]. - Adjusted Funds from Operations (AFFO) reached $10,364,000 in Q3 2025, representing a 14.0% increase compared to $9,091,000 in Q2 2025[34]. Revenue and Occupancy - Same Store revenue increased by 12.0% year-over-year[5]. - Same Store Cash Net Operating Income (NOI) growth was 12.2% year-over-year, with the Senior Housing Operating Property (SHOP) segment experiencing a 27.2% increase[5]. - Same Store average occupancy increased to 83.7%, up 4.0% year-over-year[5]. - Revenue from tenants for Q3 2025 was $86,026,000, a slight increase from $85,332,000 in Q2 2025[28]. - SHOP segment revenue from tenants increased to $57,004,000 in Q3 2025, up 1.6% from $56,081,000 in Q2 2025[40]. - OMF segment NOI for Q3 2025 was $20,631,000, a slight decrease of 1.3% from $20,910,000 in Q2 2025[40]. Expenses and Liabilities - Total expenses for Q3 2025 were $84,277,000, down from $93,502,000 in Q2 2025, representing a decrease of approximately 9.5%[28]. - The interest expense for Q3 2025 was $15,060,000, slightly lower than $15,836,000 in Q2 2025, showing a decrease of approximately 4.9%[28]. - The total liabilities stood at $1,106,409,000 as of the latest reporting period, consistent with the previous quarter[26]. - As of September 30, 2025, total debt outstanding was $1.0 billion with a weighted average interest rate of 5.1%[4]. - Year-to-date through September 2025, the Company paid down $83.1 million of debt using proceeds from dispositions[4]. Impairment and Equity - Impairment charges in Q3 2025 were $6,641,000, significantly lower than $15,212,000 in Q2 2025, showing a reduction of 56.3%[28]. - The total stockholders' equity increased to $627,219,000 from $647,033,000 in the prior quarter, reflecting a decrease of approximately 3.1%[26]. Dividends and Future Outlook - The Company declared dividends on its preferred stock, including $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock[12]. - The Company has a solid foundation for public listing preparation, driven by strong performance across its segments[2]. Property and Segment Information - The total number of properties in the OMF segment remained stable at 133 as of September 30, 2025, while the SHOP segment decreased to 41 properties[41]. - The Company completed the disposition of one non-core SHOP for a contract sales price of $1.8 million during the quarter[3].
HEALTHCARE(HTIBP) - 2025 Q3 - Quarterly Results