10-Q Filing

American Healthcare REIT, Inc. CIK: 1632970 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001632970-17-000063`
Period End Date	20170331
Filing Date	20170510
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	gahr-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 28 Cash Flow Statement 84 Stockholders Equity 23

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$117.94M	USD	Point-in-time
Real estate investments, net	`RealEstateInvestmentPropertyNet`	$188.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$202.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$202.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.06M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$1.30M	USD	Point-in-time
Line of Credit	`LineOfCredit`	$33.90M	USD	Point-in-time
Accounts and other receivables, net	`AccountsReceivableNet`	$741.00K	USD	Point-in-time
Line of Credit	`LineOfCredit`	$35.60M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$200.00K	USD	Point-in-time
Real estate deposits	`EarnestMoneyDeposits`	$1.00M	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$23.16M	USD	Point-in-time
Identified intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$19.67M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	200.00M	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
Other assets, net	`OtherAssets`	$1.41M	USD	Point-in-time
Other assets, net	`OtherAssets`	$2.12M	USD	Point-in-time
Total assets	`Assets`	$217.98M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$142.76M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Mortgage loan payable, net	`SecuredDebt`	$3.96M	USD	Point-in-time
Mortgage loan payable, net	`SecuredDebt`	$3.90M	USD	Point-in-time
Line of Credit	`LineOfCredit`	$33.90M	USD	Point-in-time
Line of Credit	`LineOfCredit`	$35.60M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$5.43M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$9.49M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$5.53M	USD	Point-in-time
Accounts payable due to affiliates	`DueToRelatedPartiesCurrentAndNoncurrent`	$7.62M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.06M	USD	Point-in-time
Identified intangible liabilities, net	`OffMarketLeaseUnfavorable`	$1.48M	USD	Point-in-time
Security deposits and prepaid rent	`OtherLiabilities`	$616.00K	USD	Point-in-time
Security deposits and prepaid rent	`OtherLiabilities`	$812.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$50.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.90M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	$2.00K	USD	Point-in-time
Redeemable noncontrolling interest (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	$2.00K	USD	Point-in-time
Redeemable noncontrolling interest (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	-	USD	Point-in-time
Redeemable noncontrolling interest (Note 10)	`RedeemableNoncontrollingInterestEquityFairValue`	$2.00K	USD	Point-in-time
Preferred stock, $0.01 par value per share; 200,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value per share; 200,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$168.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$99.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$82.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$159.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$202.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$92.25M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and stockholders equity	`LiabilitiesAndStockholdersEquity`	$142.76M	USD	Point-in-time
Total liabilities, redeemable noncontrolling interest and stockholders equity	`LiabilitiesAndStockholdersEquity`	$217.98M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	-	USD	1 Quarter
Real estate revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.05M	USD	1 Quarter
Rental expenses	`CostOfRealEstateRevenue`	-	USD	1 Quarter
Rental expenses	`CostOfRealEstateRevenue`	$1.19M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$748.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$150.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$73.00K	USD	1 Quarter
Acquisition related expenses	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	-	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$3.72M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$150.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-150.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$333.00K	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt premium)	`InterestExpense`	-	USD	1 Quarter
Interest expense (including amortization of deferred financing costs and debt premium)	`InterestExpense`	$418.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-150.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-85.00K	USD	1 Quarter
Net loss attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to redeemable noncontrolling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-85.00K	USD	1 Quarter
Net loss attributable to controlling interest	`NetIncomeLoss`	$-150.00K	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per Class T and Class I common share attributable to controlling interest basic and diluted	`EarningsPerShareBasicAndDiluted`	$-7.20	USD	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.66M	shares	1 Quarter
Weighted average number of Class T and Class I common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20,833.00	shares	1 Quarter
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter
Distributions declared per Class T and Class I common share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-150.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-85.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.71M	USD	1 Quarter
Other amortization (including deferred financing costs, above/below-market leases, leasehold interests, above-market leasehold interests and debt premium)	`OtherAmortization`	$77.00K	USD	1 Quarter
Other amortization (including deferred financing costs, above/below-market leases, leasehold interests, above-market leasehold interests and debt premium)	`OtherAmortization`	-	USD	1 Quarter
Deferred rent	`StraightLineRentAdjustments`	-	USD	1 Quarter
Deferred rent	`StraightLineRentAdjustments`	$-273.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$32.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$14.00K	USD	1 Quarter
Share discounts	`Sharesissuedindiscount`	$3.00K	USD	1 Quarter
Share discounts	`Sharesissuedindiscount`	-	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$14.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-50.00K	USD	1 Quarter
Accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$226.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$422.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$37.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$429.00K	USD	1 Quarter
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$307.00K	USD	1 Quarter
Accounts payable due to affiliates	`IncreaseDecreaseInAccountsPayableRelatedParties`	$37.00K	USD	1 Quarter
Prepaid rent	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	1 Quarter
Prepaid rent	`IncreaseDecreaseInOtherOperatingLiabilities`	$-165.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.39M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	-	USD	1 Quarter
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$74.71M	USD	1 Quarter
Capital expenditures	`PaymentsForCapitalImprovements`	-	USD	1 Quarter
Capital expenditures	`PaymentsForCapitalImprovements`	$39.00K	USD	1 Quarter
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	-	USD	1 Quarter
Real estate deposits	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$800.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.55M	USD	1 Quarter
Payments on mortgage loan payable	`RepaymentsOfSecuredDebt`	$62.00K	USD	1 Quarter
Payments on mortgage loan payable	`RepaymentsOfSecuredDebt`	-	USD	1 Quarter
Borrowings under the Line of Credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Borrowings under the Line of Credit	`ProceedsFromLinesOfCredit`	$60.00M	USD	1 Quarter
Payments on the Line of Credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Payments on the Line of Credit	`RepaymentsOfLinesOfCredit`	$58.30M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$76.12M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$14.00K	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$3.01M	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Distributions paid	`PaymentsOfDividendsCommonStock`	$755.00K	USD	1 Quarter
Distributions paid	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$73.98M	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashPeriodIncreaseDecrease`	-	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashPeriodIncreaseDecrease`	$-178.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$202.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$202.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.06M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$202.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$202.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.06M	USD	Point-in-time
Interest	`InterestPaid`	$356.00K	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	1 Quarter
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$669.00K	USD	1 Quarter
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$103.00K	USD	1 Quarter
Other assets	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`NoncashOrPartNoncashAcquisitionPayablesAssumed1`	$125.00K	USD	1 Quarter
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	-	USD	1 Quarter
Security deposits and prepaid rent	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$360.00K	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssued1`	$1.06M	USD	1 Quarter
Issuance of common stock under the DRIP	`StockIssued1`	-	USD	1 Quarter
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Distributions declared but not paid	`DividendsPayableCurrentAndNoncurrent`	$885.00K	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	-	USD	Point-in-time
Accrued Contingent Advisor Payment	`AccruedContingentAdvisorPayment`	$7.46M	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	-	USD	Point-in-time
Accrued stockholder servicing fee	`Accruedstockholderservicingfee`	$6.54M	USD	Point-in-time
Reclassification of noncontrolling interest to mezzanine equity	`Noncashreclassificationofnoncontrollinginterest`	$2.00K	USD	1 Quarter
Reclassification of noncontrolling interest to mezzanine equity	`Noncashreclassificationofnoncontrollinginterest`	-	USD	1 Quarter
Receivable from transfer agent	`ReceivableFromTransferAgent`	-	USD	Point-in-time
Receivable from transfer agent	`ReceivableFromTransferAgent`	$521.00K	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Shares	`SharesIssued`	19.10M	shares	Point-in-time
Beginning balance, Shares	`SharesIssued`	11.38M	shares	Point-in-time
Beginning balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$82.00K	USD	Point-in-time
Beginning balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$159.08M	USD	Point-in-time
Beginning balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$202.00K	USD	Point-in-time
Beginning balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$92.25M	USD	Point-in-time
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	83,717.00	shares	Annual
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	196,864.00	shares	Annual
Issuance of common stock under the DRIP, shares	`StockIssuedDuringPeriodSharesDividendReinvestmentPlan`	196,864.00	shares	1 Quarter
Issuance of common stock under the DRIP	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$1.06M	USD	1 Quarter
Amortization of nonvested common stock compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$32.00K	USD	1 Quarter
Reclassification of noncontrolling interest to mezzanine equity	`ReclassificationofNoncontrollingInterest`	$2.00K	USD	1 Quarter
Reclassification of noncontrolling interest to mezzanine equity	`ReclassificationofNoncontrollingInterest`	-	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-85.00K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-150.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-150.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-85.00K	USD	1 Quarter
Ending balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$82.00K	USD	Point-in-time
Ending balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$159.08M	USD	Point-in-time
Ending balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$202.00K	USD	Point-in-time
Ending balance Stockholders' Equity, including Portion Attributable to Noncontrolling Interest	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$92.25M	USD	Point-in-time
Ending balance, Shares	`SharesIssued`	19.10M	shares	Point-in-time
Ending balance, Shares	`SharesIssued`	11.38M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.