Docoh
Loading...

RHE Regional Health Properties

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
IRS number
311332119

RHE stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Mar 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.49M 7.49M 7.49M 7.49M 7.49M 7.49M
Cash burn (monthly) 84.67K 45.5K 320.67K (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 285.64K 153.51K 1.08M n/a n/a n/a
Cash remaining 7.21M 7.34M 6.41M n/a n/a n/a
Runway (months of cash) 85.1 161.3 20.0 n/a n/a n/a

Beta Read what these cash burn values mean

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

4.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 7 9 -22.2%
Opened positions 2 3 -33.3%
Closed positions 4 3 +33.3%
Increased positions 1 1
Reduced positions 0 1 EXIT
13F shares
Current Prev Q Change
Total value 276K 53K +420.8%
Total shares 77.01K 40.83K +88.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 36.7K $131K +216.5%
Renaissance Technologies 35.7K $128K NEW
Tower Research Capital 2.14K $8K NEW
WFC Wells Fargo & Co. 1.59K $6K 0.0%
BLK Blackrock 885 $3K 0.0%
C Citigroup 1 $0 0.0%
Proequities 0 $0
Largest transactions
Shares Bought/sold Change
Renaissance Technologies 35.7K +35.7K NEW
Vanguard 36.7K +25.1K +216.5%
Formidable Asset Management 0 -11.29K EXIT
Kathmere Capital Management 0 -11.29K EXIT
UBS UBS Group AG - Registered Shares 0 -4.17K EXIT
Tower Research Capital 2.14K +2.14K NEW
BAC Bank Of America 0 -4 EXIT
WFC Wells Fargo & Co. 1.59K 0 0.0%
Proequities 0 0
C Citigroup 1 0 0.0%

Financial report summary

?
Risks
  • Our portfolio stabilization measures expose the Company to the various risks facing our tenants.
  • Our leases with tenants comprise our rental revenue and any failure, inability or unwillingness by these tenants to satisfy their obligations under our agreements could have a material adverse effect on us.
  • We depend on affiliates of C.R Management and Aspire for a significant portion of our revenues and any inability or unwillingness by such entities to satisfy their obligations to us could have a material adverse effect on us.
  • A prolonged economic slowdown could adversely impact the results of operations of our tenants, which could impair their ability to meet their obligations to us.
  • Increased competition, as well as increased operating costs, could result in lower revenues for some of our tenants and may affect their ability to meet their obligations to us.
  • Disasters and other adverse events may seriously harm our business.
  • A severe cold and flu season, epidemics and pandemics such as COVID-19, or any other widespread illnesses, could adversely affect the occupancy of our tenants’ facilities.
  • Tenant financial or legal difficulties could limit or delay our ability to collect unpaid rents or require us to find new tenants.
  • If we must replace any of our tenants, we might be unable to rent the properties on as favorable terms, or at all, and we could be subject to delays, limitations and expenses, which could have a material adverse effect on us.
  • The amount and scope of insurance coverage provided by policies maintained by our tenants may not adequately insure against losses.
  • Failure by our tenants to comply with various local, state, and federal government regulations may adversely impact their ability to make lease payments to us.
  • Changes in the reimbursement rates or methods of payment from third-party payors, including insurance companies and the Medicare and Medicaid programs, could have a material adverse effect on our tenants.
  • Unforeseen costs associated with the acquisition of new healthcare properties could reduce our profitability.
  • If we are unable to resolve our professional and general liability actions on terms acceptable to us, then it could have a material adverse effect on our business, financial condition and results of operation.
  • Our real estate investments are relatively illiquid.
  • As an owner with respect to real property, we may be exposed to possible environmental liabilities.
  • The industry in which we operate is highly competitive.
  • The geographic concentration of our facilities could leave us vulnerable to an economic downturn or adverse regulatory changes in those areas.
  • If we lose our key management personnel, we may not be able to successfully manage our business or achieve our objectives, which could have a material adverse effect on our business, financial condition, results of operations and prospects.
  • Our directors and officers substantially control all major decisions.
  • We have substantial indebtedness, which may have a material adverse effect on our business and financial condition.
  • We may not have sufficient liquidity to meet our capital needs.
  • We rely on external sources of capital to fund our capital needs, and if we encounter difficulty in obtaining such capital, we may not be able to make future investments necessary to grow our business or meet maturing debt commitments.
  • Our ability to raise capital through equity sales is dependent, in part, on the market price of our stock and the terms of our Series A Preferred Stock, including the amount of the undeclared preferred stock dividends in arrears with respect to the Series A Preferred Stock.
  • Covenants in the agreements evidencing our indebtedness limit our operational flexibility, and a covenant breach could materially adversely affect our operations.
  • Our assets may be subject to impairment charges.
  • We may change our investment strategies and policies.
  • Economic conditions and turbulence in the credit markets may create challenges in securing indebtedness or refinancing our existing indebtedness.
  • The price of our stock has fluctuated, and a number of factors may cause the price of our stock to decline.
  • Our common stock ranks junior to our Series A Preferred Stock with respect to dividends and amounts payable in the event of our liquidation.
  • There are no assurances of our ability to pay dividends in the future.
  • The costs of being publicly owned may strain our resources and impact our business, financial condition, results of operations and prospects.
  • The ownership and transfer restrictions contained in the Charter may prevent or restrict you from acquiring or transferring shares of the common stock.
  • Provisions in Georgia law, our Charter and Bylaws may delay or prevent a change in control or management that shareholders may consider desirable.
Management Discussion
  • Net cash provided by operating activities—continuing operations for the year ended December 31, 2020, was approximately $2.5 million, consisting primarily of our income from operations less changes in working capital, and noncash charges (primarily, depreciation and amortization, rent revenue in excess of cash received). The $0.6 million decrease compared to the same period in the prior year primarily reflects the decrease in interest payments of $2.4 million due to significant debt extinguishment during the third quarter of 2019 partially offset by approximately $1.7 million higher receivables and approximately $0.1 million other net expense increases.
  • Net cash used in operating activities—discontinued operations for the year months ended December 31, 2020 was approximately $1.2 million, excluding non-cash proceeds and payments. This amount was to fund legal and associated settlement costs related to our legacy professional and general liability claims.
  • Net cash used in investing activities—continuing operations for the year ended December 31, 2020, was approximately $0.5 million. This capital expenditure was for a new sprinkler system at one of our leased properties and other improvements to our owned building located in Ohio.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Aid, anguish, Anthony, arisen, Article, aware, benjamin, Biden, Billion, border, Brown, CAA, Cadence, Cajun, career, Central, CFR, Chatham, cleaning, complicit, contractor, coup, DCH, dramatic, Dublin, ease, Edward, efficacy, elevated, Empire, enhanced, Enhancement, Entrepreneurial, Ernst, fewer, franchisor, freedom, graduated, Grille, Gwinnett, Harding, hereunder, hour, hypothecate, impartial, intra, Jerold, Kaplan, Lavie, led, LongHorn, magnified, malnutrition, Mansell, mental, movement, Nevada, OMB, overtime, Paycheck, payout, Pledgor, Postle, PPP, PPPHCE, preclude, predetermined, PS, Rack, RARE, recommence, respiratory, restaurant, risen, Robert, Rosie, Sandi, sick, Southeastern, sprinkler, stability, stabilization, statistical, Steakhouse, stem, surge, telehealth, text, Treasurer, unaudited, unaware, Union, University, unnecessary, unsuspected, unwilling, usage, vacation, vaccine, Version, viii, Waite, workforce, Young
Removed: absence, accelerated, acceleration, accumulation, accurately, achievement, adapt, administered, administering, advisor, altered, analyze, answer, approach, arm, Arogeti, array, assign, assistance, avoidable, avoidance, bankrupt, bearing, bore, broadly, bundling, calendar, certainty, characterization, compliant, compounded, computing, confirmation, conform, considerable, constantly, consult, content, correct, counterclaim, creation, cure, cured, damaged, dealing, deception, deceptive, declaring, deduction, denied, denying, desirability, detecting, deterioration, devote, devoting, directing, disagree, disallow, disguised, dispute, disqualified, distribute, diversion, divisible, Employer, enacting, enrollment, ensue, entirety, Erickson, ESRP, evict, evicting, exacerbated, examine, excise, exist, expend, faith, fall, falsification, focusing, foreclose, foresee, franchise, frequent, goal, Guide, Habif, heightened, hinder, Huber, immaterial, impacting, inadvertent, indeterminate, ineligible, initially, initiate, insolvency, insolvent, inspect, instability, intensified, internally, interpreted, introduced, investigating, jeopardize, JMP, joining, KPMG, Lake, liquidate, locate, mediator, modest, moved, naked, neglect, noncompliant, nondeductible, nonqualified, notably, objection, occupy, opposed, opposing, permanently, political, poverty, precise, prepayable, probate, promoting, promulgated, propose, prospectively, protected, publish, qualification, quantify, realize, recharacterize, recover, redistributing, referenced, regain, regained, regular, regulate, reinvestment, reject, rejected, rejection, renovation, repealing, requisite, resale, responded, responding, responsive, retroactively, revisit, rulemaking, Salt, shared, short, simplify, spend, spending, strained, straining, structural, substantiated, sunset, susceptible, Sustainable, tangible, target, taxation, taxed, temporarily, today, TRS, true, truncate, typical, undergo, undisclosed, undistributed, unexpired, uninsurable, unleased, unreported, unsatisfactory, urged, Utah, utilization, welfare, wide, willfully, Wynne