Financial Performance - 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 comprehensive loss attributable to common stockholders for Q3 2025 was $17,762,000, down from $26,394,000 in Q2 2025, reflecting a decrease of 32.7%[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] - The company reported a significant increase in AFFO per common share to $0.36 in Q3 2025, compared to $0.32 in Q2 2025[34] Revenue and Occupancy - Same Store revenue increased by 12.0% year-over-year[5] - Same Store average occupancy increased by 4.0% year-over-year to 83.7%[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] Operating Income and Expenses - The company reported an operating income of $2,375,000 in Q3 2025, recovering from an operating loss of $5,518,000 in Q2 2025[28] - 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] - Interest expense for Q3 2025 was $15,060,000, slightly lower than $15,836,000 in Q2 2025[28] Cash Flow and NOI - Cash Net Operating Income (NOI) for Q3 2025 was $31,254,000, a 2.5% increase from $30,384,000 in Q2 2025[38] - Same-store Cash NOI for Q3 2025 was $31,935,000, reflecting a 2.5% increase from $31,143,000 in Q2 2025[38] - Same Store Cash Net Operating Income (NOI) growth was 12.2% year-over-year, with the Senior Housing Operating Property segment showing a 27.2% increase[5] - Year-over-year Same Store Cash NOI growth of 27.2% and quarter-over-quarter growth of 10.3%[5] - Same Store Cash NOI Margin expanded by 2.5% year-over-year to 21.5%[5] Debt and Liabilities - Total debt outstanding as of September 30, 2025, was $1.0 billion, with a weighted average interest rate of 5.1% and an average remaining term of 3.5 years[4] - Year-to-date through September 2025, the company has paid down $83.1 million of debt using proceeds from dispositions[4] - The total liabilities as of the latest reporting period were $1,106,409,000, remaining stable compared to $1,106,414,000 in the previous quarter[26] - Total stockholders' equity increased to $627,219,000 in Q3 2025 from $647,033,000 in Q2 2025, indicating a decrease of approximately 3.1%[26] Impairment and Share Repurchase - 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 company repurchased $4.5 million of previously outstanding shares of preferred stock at a weighted average yield of 11.9%[7] Property Portfolio - Total properties as of September 30, 2025, included 133 in the OMF segment and 41 in the SHOP segment, with a total of 174 properties[41]
HEALTHCARE(HTIA) - 2025 Q3 - Quarterly Results