Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Healthcare Trust, Inc. | tm2036488d1_8k.htm |
Exhibit 99.1
SELECTED CONSOLIDATED FINANCIAL DATA
On October 1, 2020, Healthcare Trust, Inc. (the “Company”) announced the declaration of a quarterly stock dividend of 0.01349 shares of the Company’s common stock on each share of the Company’s outstanding common stock (the “Stock Dividend”). The Stock Dividend was paid on October 15, 2020 to holders of record of the Company’s common stock at the close of business on October 8, 2020. Since the Stock Dividend is treated similar to a stock split for accounting purposes, the result of the Stock Dividend was an increase of 0.01349 shares for every one share of common stock. The following selected financial data is not intended to replace the Company’s historical consolidated financial statements, except that share and per share information for all periods presented has been retroactively adjusted for the effects of the Stock Dividend.
You should read the following selected financial data together with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the historical consolidated financial statements and related notes contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020.
As of September 30, (unaudited) |
As of December 31, (audited) |
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| Balance sheet data (In thousands) | 2020 | 2019 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||||||||
| Total real estate investments, at cost | $ | 2,630,235 | $ | 2,529,604 | $ | 2,481,067 | $ | 2,553,079 | $ | 2,486,052 | $ | 2,355,262 | $ | 2,341,271 | ||||||||||||||
| Total assets | 2,339,629 | 2,330,525 | 2,325,303 | 2,377,446 | 2,371,861 | 2,193,705 | 2,269,842 | |||||||||||||||||||||
| Mortgage notes payable, net | 542,017 | 436,715 | 528,284 | 462,839 | 406,630 | 142,754 | 157,305 | |||||||||||||||||||||
| Credit facilities | 700,324 | 667,989 | 605,269 | 602,622 | 534,869 | 481,500 | 430,000 | |||||||||||||||||||||
| Total liabilities | 1,362,645 | 1,193,788 | 1,218,559 | 1,136,512 | 1,015,802 | 689,379 | 668,025 | |||||||||||||||||||||
| Total equity | 976,984 | 1,136,737 | 1,106,744 | 1,240,934 | 1,356,059 | 1,504,326 | 1,601,817 | |||||||||||||||||||||
Nine Months Ended September 30, (unaudited) |
Year Ended (audited) |
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| Operating data (In thousands, except share and per share data) | 2020 | 2019 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||||||||||||
| Revenue from tenants | $ | 290,734 | $ | 280,445 | $ | 374,914 | $ | 362,406 | $ | 311,173 | $ | 302,566 | $ | 247,490 | ||||||||||||||
| Total operating expenses | 309,891 | 289,106 | 415,492 | 365,512 | 323,827 | 307,203 | 283,100 | |||||||||||||||||||||
| Gain (loss) on sale of real estate investments | 2,306 | 8,793 | 8,790 | (70 | ) | 438 | 1,330 | - | ||||||||||||||||||||
| Operating (loss) income | (16,851 | ) | 132 | (31,788 | ) | (3,176 | ) | (12,216 | ) | (3,307 | ) | (35,610 | ) | |||||||||||||||
| Total other expenses | (38,679 | ) | (39,774 | ) | (56,120 | ) | (49,605 | ) | (29,849 | ) | (19,747 | ) | (9,328 | ) | ||||||||||||||
| Loss before income taxes | (55,530 | ) | (39,642 | ) | (87,908 | ) | (52,781 | ) | (42,065 | ) | (23,054 | ) | (44,938 | ) | ||||||||||||||
| Income tax (expense) benefit | (78 | ) | (364 | ) | (399 | ) | (197 | ) | (647 | ) | 2,084 | 2,978 | ||||||||||||||||
| Net loss | (55,608 | ) | (40,006 | ) | (88,307 | ) | (52,978 | ) | (42,712 | ) | (20,970 | ) | (41,960 | ) | ||||||||||||||
| Net (income) loss attributable to non-controlling interests | (223 | ) | 52 | 393 | 216 | 164 | 96 | 219 | ||||||||||||||||||||
| Preferred stock dividends | (2,224 | ) | - | (173 | ) | - | - | - | - | |||||||||||||||||||
| Net loss attributable to common stockholders | $ | (58,055 | ) | $ | (39,954 | ) | $ | (88,087 | ) | $ | (52,762 | ) | $ | (42,548 | ) | $ | (20,874 | ) | $ | (41,741 | ) | |||||||
| Other data: | ||||||||||||||||||||||||||||
| Cash flows provided by (used in) operations | $ | 41,783 | $ | 39,435 | $ | 47,404 | $ | 54,151 | $ | 63,967 | $ | 78,725 | $ | 68,680 | ||||||||||||||
| Cash flows used in investing activities | (101,800 | ) | (40,080 | ) | (46,249 | ) | (115,063 | ) | (194,409 | ) | (19,092 | ) | (556,834 | ) | ||||||||||||||
| Cash flows provided by (used in) financing activities | 47,716 | (19,128 | ) | 19,086 | 49,682 | 199,843 | (55,567 | ) | 332,880 | |||||||||||||||||||
| Per share data: | ||||||||||||||||||||||||||||
| Distributions declared per common share (1) | $ | 0.42 | $ | 0.62 | $ | 0.84 | $ | 0.94 | $ | 1.49 | $ | 1.68 | $ | 1.68 | ||||||||||||||
| Preferred stock dividends declared per share | 1.38 | - | 0.11 | - | - | - | - | |||||||||||||||||||||
| Net loss per common share - basic and diluted (1) | (0.62 | ) | (0.43 | ) | (0.95 | ) | (0.57 | ) | (0.47 | ) | (0.23 | ) | (0.48 | ) | ||||||||||||||
| Weighted-average number of common shares outstanding: | ||||||||||||||||||||||||||||
| Basic and diluted (1) | 93,320,080 | 93,124,017 | 93,176,866 | 92,348,123 | 91,013,605 | 89,064,393 | 86,483,094 | |||||||||||||||||||||
| (1) | Retroactively adjusted for the effects of the Stock Dividend. |