10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-16-016156 |
| Period End Date | 20160331 |
| Filing Date | 20160511 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | ctre-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, Par Value (in usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, Par Value (in usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, Shares Authorized |
PreferredStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Preferred stock, Shares Authorized |
PreferredStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Preferred stock, Shares Issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Preferred stock, Shares Issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Preferred stock, Shares Outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Preferred stock, Shares Outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Common stock, Par Value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, Par Value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, Shares Authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common stock, Shares Authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common stock, Shares Issued |
CommonStockSharesIssued
|
57.45M | shares | Point-in-time |
| Common stock, Shares Issued |
CommonStockSharesIssued
|
47.66M | shares | Point-in-time |
| Common stock, Shares Outstanding |
CommonStockSharesOutstanding
|
57.45M | shares | Point-in-time |
| Common stock, Shares Outstanding |
CommonStockSharesOutstanding
|
47.66M | shares | Point-in-time |
| Real estate investments, net |
LoansReceivableCommercialRealEstate
|
$645.61M | USD | Point-in-time |
| Real estate investments, net |
LoansReceivableCommercialRealEstate
|
$722.22M | USD | Point-in-time |
| Other real estate investments |
RealEstateInvestmentsOther
|
$8.73M | USD | Point-in-time |
| Other real estate investments |
RealEstateInvestmentsOther
|
$8.48M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.59M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$11.47M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.66M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$25.32M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNet
|
$2.34M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNet
|
$2.23M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$2.08M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$2.07M | USD | Point-in-time |
| Deferred financing costs, net |
DeferredFinanceCostsNet
|
$3.60M | USD | Point-in-time |
| Deferred financing costs, net |
DeferredFinanceCostsNet
|
$3.18M | USD | Point-in-time |
| Total assets |
Assets
|
$673.17M | USD | Point-in-time |
| Total assets |
Assets
|
$743.51M | USD | Point-in-time |
| Senior unsecured notes payable, net |
UnsecuredLongTermDebt
|
$254.23M | USD | Point-in-time |
| Senior unsecured notes payable, net |
UnsecuredLongTermDebt
|
$254.50M | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
- | USD | Point-in-time |
| Mortgage notes payable, net |
NotesPayable
|
$94.68M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndOtherAccruedLiabilities
|
$10.70M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndOtherAccruedLiabilities
|
$9.27M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$7.70M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$9.85M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$410.88M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$379.40M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2016 and December 31, 2015 |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2016 and December 31, 2015 |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, $0.01 par value; 500,000,000 shares authorized, 57,454,822 and 47,664,742 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively |
CommonStockValue
|
$477.00K | USD | Point-in-time |
| Common stock, $0.01 par value; 500,000,000 shares authorized, 57,454,822 and 47,664,742 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively |
CommonStockValue
|
$575.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$410.22M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$516.28M | USD | Point-in-time |
| Cumulative distributions in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$152.75M | USD | Point-in-time |
| Cumulative distributions in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$148.41M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$262.29M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$113.46M | USD | Point-in-time |
| Total equity |
StockholdersEquity
|
$364.11M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$673.17M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$743.51M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Related party rental income |
RevenueFromRelatedParties
|
- | USD | 1 Quarter |
| Related party rental income |
RevenueFromRelatedParties
|
$14.00M | USD | 1 Quarter |
| Rental income (related party rental income of $0 and $14,000 for the three months ended March 31, 2016 and 2015, respectively Note 6) |
OperatingLeasesIncomeStatementLeaseRevenue
|
$20.90M | USD | 1 Quarter |
| Rental income (related party rental income of $0 and $14,000 for the three months ended March 31, 2016 and 2015, respectively Note 6) |
OperatingLeasesIncomeStatementLeaseRevenue
|
$14.84M | USD | 1 Quarter |
| Related party tenant reimbursements |
ReimbursementRevenue
|
$1.21M | USD | 1 Quarter |
| Related party tenant reimbursements |
ReimbursementRevenue
|
- | USD | 1 Quarter |
| Tenant reimbursements (related party tenant reimbursements of $0 and $1,206 for the three months ended March 31, 2016 and 2015, respectively Note 6) |
TenantReimbursements
|
$1.80M | USD | 1 Quarter |
| Tenant reimbursements (related party tenant reimbursements of $0 and $1,206 for the three months ended March 31, 2016 and 2015, respectively Note 6) |
TenantReimbursements
|
$1.26M | USD | 1 Quarter |
| Independent living facilities |
HomeBuildingRevenue
|
$635.00K | USD | 1 Quarter |
| Independent living facilities |
HomeBuildingRevenue
|
$681.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$223.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$254.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$23.63M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$16.96M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$7.29M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.60M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$6.19M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$5.90M | USD | 1 Quarter |
| Property taxes |
RealEstateTaxExpense
|
$1.26M | USD | 1 Quarter |
| Property taxes |
RealEstateTaxExpense
|
$1.80M | USD | 1 Quarter |
| Independent living facilities |
HomeBuildingCosts
|
$602.00K | USD | 1 Quarter |
| Independent living facilities |
HomeBuildingCosts
|
$620.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.23M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.56M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$14.92M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$18.13M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$2.04M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.03M | USD | Annual |
| Net income |
NetIncomeLoss
|
$5.50M | USD | 1 Quarter |
| Basic (in usd per share) |
EarningsPerShareBasic
|
$0.11 | USD | 1 Quarter |
| Basic (in usd per share) |
EarningsPerShareBasic
|
$0.06 | USD | 1 Quarter |
| Diluted (in usd per share) |
EarningsPerShareDiluted
|
$0.06 | USD | 1 Quarter |
| Diluted (in usd per share) |
EarningsPerShareDiluted
|
$0.11 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
31.32M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
48.10M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
31.32M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
48.10M | shares | 1 Quarter |
| Dividends declared per common share (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.17 | USD | 1 Quarter |
| Dividends declared per common share (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.16 | USD | 1 Quarter |
| Dividends declared per common share (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.64 | USD | Annual |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$2.04M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.03M | USD | Annual |
| Net income |
NetIncomeLoss
|
$5.50M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$7.29M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.60M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCostsAndDiscounts
|
$547.00K | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCostsAndDiscounts
|
$556.00K | USD | 1 Quarter |
| Write-off of deferred financing costs |
WriteOffOfDeferredDebtIssuanceCost
|
- | USD | 1 Quarter |
| Write-off of deferred financing costs |
WriteOffOfDeferredDebtIssuanceCost
|
$326.00K | USD | 1 Quarter |
| Amortization of stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$431.00K | USD | 1 Quarter |
| Amortization of stock-based compensation |
AllocatedShareBasedCompensationExpense
|
$366.00K | USD | 1 Quarter |
| Noncash interest income |
InterestIncomeOperating
|
$254.00K | USD | 1 Quarter |
| Noncash interest income |
InterestIncomeOperating
|
$223.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-115.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$42.00K | USD | 1 Quarter |
| Accounts receivable due from related party |
IncreaseDecreaseInAccountsReceivableRelatedParties
|
- | USD | 1 Quarter |
| Accounts receivable due from related party |
IncreaseDecreaseInAccountsReceivableRelatedParties
|
$-322.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-50.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-12.00K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.40M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.01M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$11.05M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$14.99M | USD | 1 Quarter |
| Acquisitions of real estate |
PaymentsToAcquireRealEstate
|
$68.00M | USD | 1 Quarter |
| Acquisitions of real estate |
PaymentsToAcquireRealEstate
|
$17.50M | USD | 1 Quarter |
| Improvements to real estate |
PaymentsToDevelopRealEstateAssets
|
$27.00K | USD | 1 Quarter |
| Improvements to real estate |
PaymentsToDevelopRealEstateAssets
|
$74.00K | USD | 1 Quarter |
| Purchases of equipment, furniture and fixtures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$63.00K | USD | 1 Quarter |
| Purchases of equipment, furniture and fixtures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$17.00K | USD | 1 Quarter |
| Escrow deposits for acquisition of real estate |
PaymentsForDepositsOnRealEstateAcquisitions
|
$500.00K | USD | 1 Quarter |
| Escrow deposits for acquisition of real estate |
PaymentsForDepositsOnRealEstateAcquisitions
|
$15.73M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-18.14M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-83.77M | USD | 1 Quarter |
| Proceeds from the issuance of common stock, net |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from the issuance of common stock, net |
ProceedsFromIssuanceOfCommonStock
|
$106.03M | USD | 1 Quarter |
| Proceeds from the issuance of common stock, net |
ProceedsFromIssuanceOfCommonStock
|
$105.70M | USD | Point-in-time |
| Proceeds from the issuance of senior unsecured term loan |
ProceedsFromUnsecuredNotesPayable
|
$100.00M | USD | 1 Quarter |
| Proceeds from the issuance of senior unsecured term loan |
ProceedsFromUnsecuredNotesPayable
|
- | USD | 1 Quarter |
| Borrowings under unsecured credit facility |
ProceedsFromUnsecuredLinesOfCredit
|
$52.00M | USD | 1 Quarter |
| Borrowings under unsecured credit facility |
ProceedsFromUnsecuredLinesOfCredit
|
- | USD | 1 Quarter |
| Payments on unsecured credit facility |
RepaymentsOfUnsecuredDebt
|
- | USD | 1 Quarter |
| Payments on unsecured credit facility |
RepaymentsOfUnsecuredDebt
|
$92.00M | USD | 1 Quarter |
| Payments on the mortgage notes payable |
RepaymentsOfNotesPayable
|
$685.00K | USD | 1 Quarter |
| Payments on the mortgage notes payable |
RepaymentsOfNotesPayable
|
$95.02M | USD | 1 Quarter |
| Payments of deferred financing costs |
PaymentsOfFinancingCosts
|
$1.32M | USD | 1 Quarter |
| Payments of deferred financing costs |
PaymentsOfFinancingCosts
|
$14.00K | USD | 1 Quarter |
| Dividends paid on common stock |
PaymentsOfDividendsCommonStock
|
$7.70M | USD | 1 Quarter |
| Dividends paid on common stock |
PaymentsOfDividendsCommonStock
|
$3.95M | USD | 1 Quarter |
| Distribution to Parent |
ProceedsFromPaymentsForContributionsFromDistributionToParent
|
- | USD | 1 Quarter |
| Distribution to Parent |
ProceedsFromPaymentsForContributionsFromDistributionToParent
|
- | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$61.98M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-4.64M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-6.80M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-11.73M | USD | 1 Quarter |
| Cash and cash equivalents beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.59M | USD | Point-in-time |
| Cash and cash equivalents beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$11.47M | USD | Point-in-time |
| Cash and cash equivalents beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.66M | USD | Point-in-time |
| Cash and cash equivalents beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$25.32M | USD | Point-in-time |
| Cash and cash equivalents end of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.59M | USD | Point-in-time |
| Cash and cash equivalents end of period |
CashAndCashEquivalentsAtCarryingValue
|
$11.47M | USD | Point-in-time |
| Cash and cash equivalents end of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.66M | USD | Point-in-time |
| Cash and cash equivalents end of period |
CashAndCashEquivalentsAtCarryingValue
|
$25.32M | USD | Point-in-time |
| Interest paid |
InterestPaidNet
|
$1.54M | USD | 1 Quarter |
| Interest paid |
InterestPaidNet
|
$2.10M | USD | 1 Quarter |
| Increase in dividends payable |
IncreaseDecreaseInDividendsPayable
|
$2.14M | USD | 1 Quarter |
| Increase in dividends payable |
IncreaseDecreaseInDividendsPayable
|
$1.10M | USD | 1 Quarter |
| Increase in offering costs payable |
IncreaseDecreaseInOfferingCostsPayable
|
- | USD | 1 Quarter |
| Increase in offering costs payable |
IncreaseDecreaseInOfferingCostsPayable
|
$291.00K | USD | 1 Quarter |
| Application of escrow deposit to acquisition of real estate |
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
|
$1.25M | USD | 1 Quarter |
| Application of escrow deposit to acquisition of real estate |
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
|
$500.00K | USD | 1 Quarter |
Stockholders Equity
21 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common dividend (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.17 | USD | 1 Quarter |
| Common dividend (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.16 | USD | 1 Quarter |
| Common dividend (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.64 | USD | Annual |
| Beginning balance |
StockholdersEquity
|
$262.29M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$113.46M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$364.11M | USD | Point-in-time |
| Issuance of common stock, net |
StockIssuedDuringPeriodValueNewIssues
|
$105.73M | USD | 1 Quarter |
| Issuance of common stock, net |
StockIssuedDuringPeriodValueNewIssues
|
$162.96M | USD | Annual |
| Issuance of common stock, net, shares |
StockIssuedDuringPeriodSharesNewIssues
|
9.78M | shares | Point-in-time |
| Vesting of restricted common stock, net of shares withheld for employee taxes |
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
$-145.00K | USD | Annual |
| Vesting of restricted common stock |
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
- | USD | 1 Quarter |
| Amortization of stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$431.00K | USD | 1 Quarter |
| Amortization of stock-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.52M | USD | Annual |
| Common dividend ($0..64 and $0.17 per share for the twelve months ended 12/31/2015 and three months ended 3/31/2016, respectively) |
DividendsCommonStock
|
$9.85M | USD | 1 Quarter |
| Common dividend ($0..64 and $0.17 per share for the twelve months ended 12/31/2015 and three months ended 3/31/2016, respectively) |
DividendsCommonStock
|
$25.55M | USD | Annual |
| Net income (loss) |
NetIncomeLoss
|
$2.04M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$10.03M | USD | Annual |
| Net income (loss) |
NetIncomeLoss
|
$5.50M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$262.29M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$113.46M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$364.11M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.