Regional Health - RHEPA STOCK NEWS

Regional Health Properties (RHEP) has reported its Q4 and full-year 2024 financial results. In Q4, the company achieved revenue of $5.6 million, with income from operations of $540k, EBITDA of $714K, and Adjusted EBITDA of $1.3 million. The company maintained a strong 92% rent collection rate.

For the full year 2024, RHEP reported revenue of $18.3 million, income from operations of $161k, EBITDA of $1.7 million, and Adjusted EBITDA of $3.5 million. The company's balance sheet shows $49.7 million in net indebtedness with a 5.1% weighted-average interest rate.

Key developments include a new management contract with CJM Advisors for the Sylva, NC facility, improved occupancy at the Meadowood facility, and securing a $500k line of credit. The company is progressing with its planned merger with SunLink Health Systems, expected to close in early Q3 2025.

Regional Health Properties, Inc. (NYSE American: RHE, RHE-PA) reported financial results for the year ending December 31, 2021. The company collected 94.1% of fourth-quarter cash rent and experienced total patient care revenues of $2.0 million for Q4, totaling $9.5 million for the year. Occupancy rates stood at 65.1% amid pandemic challenges. The exchange offer for Series A Preferred Shares aims to streamline capital structure. Net loss attributable to common stockholders was $661,000 for Q4, less than $1.0 million a year prior, with cash increasing to $6.8 million.

Regional Health Properties, Inc. (NYSE American: RHE, RHE-PA) has announced an Exchange Offer for its outstanding 10.875% Series A Cumulative Redeemable Preferred Shares, proposing to exchange them for newly issued 12.5% Series B Cumulative Redeemable Preferred Shares. This offer is valid until 11:59 p.m. on March 28, 2022, unless extended. The Exchange Offer's success is contingent upon shareholder approval of associated proposals during a special meeting. The complete terms are outlined in the Proxy Statement/Prospectus filed with the SEC.

Regional Health Properties, Inc. (RHE, RHEPA) reported a net loss of $39,000 for Q3 2021, improving from $73,000 in Q3 2020. Total rental revenues decreased by 4.0% to $4.1 million, primarily due to terminated subleases. Notably, the company maintained a strong cash position with $6.2 million on hand. Rent collections stood at 97.4%, and refinancing efforts are ongoing with interest costs reduced by 155 basis points. However, general and administrative costs rose by 30.8% to $1.0 million, highlighting increased operational expenses.

Regional Health Properties (RHE, RHEPA) reported a net loss of $503,000 for Q2 2021, compared to a net income of $412,000 the previous year. Total rental revenues decreased by 12.3% to $3.8 million, primarily due to lease terminations. Despite these challenges, the company ended the quarter with $5.6 million in unrestricted cash, up from $4.2 million at the start of the year. With rent collections at 97.1%, management is restructuring its capital to enhance growth opportunities post-COVID-19. The portfolio's occupancy rate was 67.7%, with rent coverage metrics at 1.71x before and 1.22x after management fees.

Regional Health Properties, Inc. (NYSE American: RHE, RHEPA) has joined the Russell Microcap® Index as of June 28, 2021. This inclusion enables automatic access to growth and value style indexes, which could enhance investor visibility. CEO Brent Morrison emphasized that this membership will help attract a wider audience as business fundamentals stabilize post-pandemic. The Russell indexes, managed by FTSE Russell, serve as benchmarks for $10.6 trillion in assets, indicating significant institutional interest.

Regional Health Properties (RHE) has filed a Form S-4 Registration Statement with the SEC to initiate an Exchange Offer. This proposal involves exchanging all outstanding shares of its 10.875% Series A Cumulative Redeemable Preferred Shares for 0.5 shares of newly issued Common Stock for each tendered share. Additionally, RHE will seek proxy approvals for amendments to its Articles of Incorporation. The Exchange Offer and proxy solicitation have not yet started; shareholders are advised to wait for further instructions. The securities may not be sold until the Registration Statement is effective.

Regional Health Properties (NYSE American: RHE, RHEPA) reported Q1 2021 results, revealing a net income of $21,000, a notable improvement from a net loss of $14,000 in the previous year. The company ended the quarter with $6.2 million in unrestricted cash and collected 97.2% of its rent, signaling strong cash flow. However, total rental revenues decreased by 5.0% to $4.1 million due to lease terminations. Management initiated refinancing on six properties to reduce interest rates and improve cash flow, aiming for growth as occupancy rates recover from COVID-19 disruptions.

Regional Health Properties, Inc. (RHE, RHEPA) reported a net loss of $3.3 million for Q4 2020, compared to a $1.5 million loss in Q4 2019. For the full year, the company posted a $9.7 million net loss, significantly worsening from a $3.5 million loss the previous year. Total rental revenue fell 20.2% in Q4 2020 to $3.4 million, with annual revenue down 14.3% to $16.3 million. Despite these challenges, management indicated a positive cash flow and an increase in rent collections to 91% as of early March 2021. They also highlighted strategic operator transitions and potential refinancing opportunities.