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Regional Health Properties, Inc. - RHE STOCK NEWS

Welcome to our dedicated page for Regional Health Properties news (Ticker: RHE), a resource for investors and traders seeking the latest updates and insights on Regional Health Properties stock.

Regional Health Properties, Inc. (symbol: RHE) is a self-managed healthcare real estate investment company. The firm primarily invests in real estate designed for senior living and long-term healthcare. Through strategic facility lease and sub-lease transactions, the company ensures optimal use of its properties.

Regional Health Properties operates two main segments: the real estate segment and the healthcare services segment. While the real estate segment focuses on property investments and leases, the healthcare services segment generates the majority of the company’s revenue. This dual-segment structure enables the company to maintain a diversified portfolio across various states, with significant concentrations in Georgia and Ohio.

The company's mission is to provide high-quality healthcare facilities that cater to the needs of seniors and those requiring long-term care. Recent achievements include strong financial results for the second, third, and fourth quarters of 2023, evidencing its robust financial health and strategic business operations.

Regional Health Properties regularly updates stakeholders on its financial performance. For instance, the second quarter of 2023 showed promising business highlights and management comments. Similarly, in the third quarter of 2023, the company delivered solid financial results, with calculations of non-GAAP financial measures such as Adjusted EBITDA, EBITDA, and EBITDAR providing deeper insights into its profitability and operational efficiency. These measures help investors and analysts understand the company's financial performance more accurately.

The company is led by Brent Morrison, CFA, who serves as the Chief Executive Officer and President. Under his leadership, Regional Health Properties continues to advance its mission of enhancing healthcare real estate for senior living and long-term care.

For further information, stakeholders can contact Brent Morrison directly at (678) 368-4402 or via email at Brent.Morrison@regionalhealthproperties.com.

Rhea-AI Summary

Regional Health Properties (NYSE American: RHE) announced its Q3 2024 financial results on November 26, 2024. The company reported a reduced loss from operations of $0.3 million, improved from $0.4 million in Q3 2023. Adjusted EBITDA increased to $1.0 million, compared to $0.6 million in the same period last year. The company collected 80.3% of contractual rent and remains optimistic about future collections.

Business highlights include the Healthcare Services segment achieving its first positive EBITDA since 2022 and the Meadowood facility in Glencoe, AL reaching its highest occupancy level since 2022. The overall portfolio CMS star rating is the highest in over two years.

Financially, the company reported total revenue of $4.2 million and a net loss of $1.0 million. As of September 30, 2024, Regional had $49.7 million net of outstanding debt, with a weighted-average interest rate of 5.1% and maturity of approximately 17 years. Post-quarter, a $0.5 million line of credit was obtained to ensure compliance with debt payments.

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Regional Health Properties has received a delisting notice from NYSE American for both its common stock and Series A Preferred Shares. The NYSE Regulation determined the company failed to regain compliance with Sections 1003(a)(i) and (ii) of the NYSE American Company Guide by the end of its 18-month compliance period on November 10, 2024.

The company has until November 18, 2024, to request a review by the Listings Qualifications Panel and intends to appeal the determination. Trading will continue during the appeal process. While the company is working to regain compliance, there is no guarantee of success.

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Regional Health Properties, Inc. reports a strong financial performance for the fourth quarter and fiscal year 2023, with notable improvements in income from operations, net loss per share, and Adjusted EBITDA. The company successfully completed an Exchange Offer resulting in a simplified capital structure. Despite outstanding indebtedness, the company shows positive cash flows and liquidity.
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Regional Health Properties, Inc. (NYSE American: RHE) announced its financial results for Q3 2023, reporting reduced loss from operations, net loss per share, and increased Adjusted EBITDA. The company collected 93% of contractual rent and provided business highlights, including compliance acceptance and trading of preferred shares. Management comments on strong EBITDAR coverage and commitment to improving transparency for investors. Financial results include total revenue of $4.1 million, a net loss of $1.0 million, and $51.4 million of outstanding indebtedness.
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Regional Health Properties, Inc. announced financial results for Q2 2023. They recorded a $43.4 million gain on extinguishment of preferred stock and reduced net loss from $1.3 million to $0.7 million. They generated $0.9 million of Adjusted EBITDA in the quarter. The Company reported total revenue of $4.6 million. They had $52 million of outstanding indebtedness with a weighted-average annual interest rate of 5.0% and a weighted-average maturity of approximately 19 years.
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Regional Health Properties, Inc. (NYSE American: RHE) has received notice from the NYSE American LLC that its plan to regain compliance with the Exchange's listing standards has been accepted. The company had previously received notices of non-compliance. The plan period extends until November 10, 2024.
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Regional Health Properties, Inc. announced that its 12.5% Series B Cumulative Redeemable Preferred Shares have commenced trading on the OTCQB Venture Market.
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Regional Health Properties, Inc. announced the final results and closing of its Exchange Offer to exchange its outstanding Series A Preferred Stock for newly issued Series B Preferred Stock. Approximately 80.1% of the outstanding shares of Series A Preferred Stock were tendered and accepted in the Exchange Offer, resulting in the issuance of 2,252,272 shares of Series B Preferred Stock. The transaction aims to improve the company's capital structure and maximize shareholder value.
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FAQ

What is the current stock price of Regional Health Properties (RHE)?

The current stock price of Regional Health Properties (RHE) is $1.51 as of December 24, 2024.

What is the market cap of Regional Health Properties (RHE)?

The market cap of Regional Health Properties (RHE) is approximately 2.8M.

What does Regional Health Properties, Inc. do?

Regional Health Properties, Inc. is a healthcare real estate investment company that invests in properties for senior living and long-term healthcare through lease and sub-lease transactions.

What are the main segments of Regional Health Properties?

The company operates in two main segments: the real estate segment and the healthcare services segment.

Where are Regional Health Properties' assets primarily located?

The company's properties are primarily located in Georgia and Ohio, but its portfolio is diversified across various states.

How does Regional Health Properties generate revenue?

The majority of the company's revenue comes from its healthcare services segment, which focuses on senior living and long-term care facilities.

Who is the CEO of Regional Health Properties, Inc.?

Brent Morrison, CFA, is the Chief Executive Officer and President of Regional Health Properties, Inc.

How did Regional Health Properties perform financially in 2023?

In 2023, Regional Health Properties reported strong financial results for the second, third, and fourth quarters, with significant business highlights and calculated non-GAAP financial measures.

What are non-GAAP financial measures used by Regional Health Properties?

The company uses non-GAAP financial measures such as Adjusted EBITDA, EBITDA, and EBITDAR to provide a clearer picture of its financial performance.

How can stakeholders contact Regional Health Properties?

Stakeholders can contact the CEO, Brent Morrison, at (678) 368-4402 or via email at Brent.Morrison@regionalhealthproperties.com.

What is the focus of Regional Health Properties' real estate investments?

The company's real estate investments focus on properties designed for senior living and long-term healthcare.

Where can I find the latest news about Regional Health Properties?

The latest news and updates about Regional Health Properties can be found on their official website and through their regular financial performance reports.

Regional Health Properties, Inc.

NYSE:RHE

RHE Rankings

RHE Stock Data

2.84M
1.61M
14.05%
1.76%
0.64%
Medical Care Facilities
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United States of America
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