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Regional Health Properties (RHE)

Regional Health Properties, Inc. is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions. Regional currently owns, leases or manages for third parties 24 facilities (12 of which are owned by Regional, nine of which are leased by Regional and three of which are managed by Regional for third parties).

Company profile

Ticker
RHE, RHE-PA
Exchange
CEO
Brent Steven Morrison
Employees
Incorporated
Location
Fiscal year end
Former names
ADCARE HEALTH SYSTEMS INC, ADCARE HEALTH SYSTEMS, INC
SEC CIK
Subsidiaries
2014 HUD Master Tenant, LLC • AdCare Acquisition, Inc. • AdCare Management, Inc. • ADK Administrative Property, LLC • ADK Bonterra/Parkview, LLC • ADK Georgia, LLC • ADK Powder Springs Operator, LLC • APH&R Nursing, LLC • APH&R Property Holdings, LLC • AdCare Administrative Services, LLC ...
IRS number
311332119

RHE stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

27 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.52M 7.52M 7.52M 7.52M 7.52M 7.52M
Cash burn (monthly) 777.33K 139.25K 446.33K 73K 526.33K (no burn)
Cash used (since last report) 3.44M 615.45K 1.97M 322.64K 2.33M n/a
Cash remaining 4.08M 6.9M 5.54M 7.19M 5.19M n/a
Runway (months of cash) 5.2 49.6 12.4 98.5 9.9 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Feb 22 Benjamin A Waites Common Stock Payment of exercise Dispose F No No 4.51 2,832 12.77K 21,168
16 Feb 22 Brent Morrison Common Stock Payment of exercise Dispose F No No 4.51 2,832 12.77K 60,047
16 Feb 22 Brent Morrison Common Stock Payment of exercise Dispose F No No 4.51 2,832 12.77K 60,047
1 Jan 22 Benjamin A Waites Common Stock Option Common Stock Grant Acquire A No No 4.51 12,000 54.12K 24,000
1 Jan 22 Benjamin A Waites Common Stock Option Common Stock Grant Acquire A No No 4.51 12,000 54.12K 12,000
1 Jan 22 Brent Morrison Common Stock Grant Acquire A No No 0 24,000 0 62,879
3.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 11 11
Opened positions 3 5 -40.0%
Closed positions 3 4 -25.0%
Increased positions 1 2 -50.0%
Reduced positions 1 1
13F shares Current Prev Q Change
Total value 159K 530K -70.0%
Total shares 55.97K 97.17K -42.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
First Farmers & Merchants Bank / Trust 19.75K $70K 0.0%
Geode Capital Management 12.15K $42K 0.0%
Frischer Charles L 11K $0 0.0%
BLK Blackrock 6.81K $24K -4.2%
UBS UBS Group AG - Registered Shares 2.72K $10K NEW
WFC Wells Fargo & Co. 1.59K $6K 0.0%
Tower Research Capital 1.13K $4K +1029.0%
Ahrens Investment Partners 671 $2K 0.0%
Bartlett & Co. 161 $1K NEW
C Citigroup 1 $0 0.0%
Largest transactions Shares Bought/sold Change
Vanguard 0 -27.54K EXIT
Susquehanna International 0 -14.89K EXIT
UBS UBS Group AG - Registered Shares 2.72K +2.72K NEW
BAC Bank Of America 0 -2.39K EXIT
Tower Research Capital 1.13K +1.03K +1029.0%
BLK Blackrock 6.81K -297 -4.2%
Bartlett & Co. 161 +161 NEW
MS Morgan Stanley 1 +1 NEW
WFC Wells Fargo & Co. 1.59K 0 0.0%
Proequities 0 0

Financial report summary

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Management Discussion
  • Net cash provided by operating activities—continuing operations for the year ended December 31, 2021, was approximately $5.2 million, consisting primarily of our income from operations plus changes in working capital, and noncash charges consisting of our collection of rent arrears from the Wellington Lease Termination and income from operations less noncash charges (primarily, depreciation and amortization and lease revenue in excess of cash rent received). The approximate $2.7 million increase compared to the same period in the prior year includes a $1.5 million Medicaid overpayment that the Company expects to repay shortly and reflects the net collection of $2.5 million from the Wellington Lease Termination, approximately $0.4 million additional interest payments as result of the CARES Act interest deferrals and additional net operating outflows of $0.9 million. The net additional operating outflows include significant outflows in relation to professional and legal services to evaluate and assist with possible opportunities to improve the Company’s capital structure, including on-going efforts to investigate alternatives to retire or refinance our outstanding Series A Preferred Stock.

Content analysis

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H.S. sophomore Avg
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