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

NYSE

Website

ir.regionalhealthproperties.com

CEO

Brent Steven Morrison

Incorporated

Ohio

Location

Georgia

Fiscal year end

Dec 31

Sector

Health Care and Social Assistance > General Medical and Surgical Hospitals

Industry (SIC)

Lessors of Real Property, NEC

Highwoods Realty Limited Partnership • Radius Global Infrastructure • HFF • Gladstone Commercial • Landmark Infrastructure Partners • Safehold • Capital Properties ...

Former names

ADCARE HEALTH SYSTEMS INC, ADCARE HEALTH SYSTEMS, INC

SEC CIK

0001004724

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

Why Quoin Pharmaceuticals Plunged Over 62%; Here Are 120 Biggest Movers From Friday

8 Aug 22

Gainers

Why Celyad Oncology Is Trading Higher By Over 31%; Here Are 29 Stocks Moving Premarket

1 Aug 22

Gainers MAIA Biotechnology, Inc. (NASDAQ: MAIA) rose 37.9% to $8.00 in pre-market trading after jumping 30% on Friday. The company agreed to initially offer 2.00 million shares to the public at a $5.00 per share.

This Communication Services Stock Jumped 149%; Here Are 90 Biggest Movers From Friday

1 Aug 22

Gainers Getty Images Holdings, Inc. (NYSE: GETY) shares climbed 149.1% to close at $26.15 on Friday following its merger with special-purpose acquisition company (SPAC) CC Neuberger Principal Holdings (CCNB).

Benzinga Pro's Top 5 Stocks To Watch For Wednesday, Jul. 13, 2022: NFLX, QCOM, ULCC, RHE, FUV

13 Jul 22

Boeing, PriceSmart And 80 Biggest Movers From Yesterday

13 Jul 22

Press releases

From Benzinga Pro

Regional Health Properties, Inc. Announces Special Meeting Results and Termination of Exchange Offer

25 Jul 22

Regional Health Properties, Inc. (NYSE:RHE) (NYSE:RHE) ("RHE" or the "Company"), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term

Regional Health Properties, Inc. Reminds Common Shareholders of Upcoming Special Meeting and Encourages Common Shareholders to Vote

15 Jul 22

ISS Recommends Common Shareholders Vote in Favor of Proposals 1 and 2 Discussed Below Regional Health Properties, Inc. (NYSE:RHE) (NYSE:RHE) ("RHE," "we" or the "Company") reminds its common shareholders to vote at the

Regional Health Properties, Inc. Announces Convening and Adjournment of Special Meeting, Information for Reconvened Special Meeting and Extension of Exchange Offer

1 Jun 22

Regional Health Properties Receives Notice from NYSE American Regarding Late Filing of Quarterly Report on Form 10-Q

31 May 22

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

27 May 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart RHE financial data

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

Financial data from company earnings reports.

Recent insider trades

RHE insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

RHE institutional ownership history Ownership history

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

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: absorb, acquired, acquirer, acquisition, addressing, ADPH, Advanced, advisory, age, al, ALF, analyst, appointed, assault, assumption, Beach, Cavalier, Center, CFA, Chatham, civil, component, condensed, consequential, conversion, CPA, CRM, CSG, culmination, deficiency, demonstrated, detected, diversity, driver, focused, foregoing, Highway, hiring, inconsistency, initial, Jerold, Judicial, Kaplan, LaGrange, Landlord, LC, Lumber, MBA, memory, mentioned, misstatement, model, motion, municipal, newly, nonpayment, notice, Oceanside, OTA, oversight, past, Paul, personnel, power, probationary, prospectively, Public, Rehab, relinquished, remediate, retrospectively, Ronald, sale, Sarah, Savannah, SCALF, scope, sexual, significantly, specialty, standard, Sublessee, sublessor, Subtopic, succeeding, Superior, Surrender, unchanged, undertaken, University, unrecognized

Removed: accruing, arrangement, assume, assuming, automatically, Avenue, bad, blood, breach, building, capillary, Commission, complaint, compromise, conservative, constitute, constituted, custody, deception, deceptive, declined, dismissal, driven, effort, exceed, existed, extend, Falligant, falsification, finance, forever, Franklin, fund, generated, Georgetown, glucose, hypothecate, improper, independent, laboratory, law, lawsuit, legacy, letter, line, master, minimal, moot, mutually, North, OAG, obtained, offering, opinion, optional, outlined, Ownership, pledge, proven, Pulaski, reached, receipt, remuneration, requiring, Road, settle, settled, sheet, sick, sprinkler, submitted, subordinated, subordination, subsequently, Supplemental, Sylvia, system, thirteen, unknown, unsuspected, vacation, vesting, voluntarily, whatsoever, willfully

From filing 10-Q 2022 Q1

Financial reports

View all

Notice of late quarterly filing

17 May 22

10-K

2021 FY