v3.26.1
Leases (Tables)
3 Months Ended
Mar. 31, 2026
Leases  
Schedule of Properties Owned/Leased Information

The following table provides additional information regarding the properties owned/leased by the Company for the periods indicated:

 

   March 31,   December 31, 
   2026   2025 
Cumulative number of properties   133    133 
Cumulative number of operational beds   15,602    15,602 
Schedule of Additional Information on Properties Facilities Leased

The following table provides additional information regarding the properties/facilities leased by the Company as of March 31, 2026:

 

State 

Number of Operational Beds/Units

   Owned by Company

   Leased by Company

   Total 
State 

Number of

Operational

Beds/Units

  

Owned by

Company

  

Leased by

Company

   Total 
Illinois   4,226    20    -    20 
Indiana   3,404    35    1    36 
Ohio   238    4    -    4 
Tennessee   1,412    15    -    15 
Kentucky   1,163    10    -    10 
Arkansas   1,568    13    -    13 
Oklahoma   477    5    -    5 
Texas   839    6    -    6 
Missouri   1,921    18    -    18 
Kansas   354    6    -    6 
Total properties   15,602    132    1    133 
                     
Facility Type                    
Skilled Nursing Facilities   15,195    130    1    131 
Long-Term Acute Care Hospitals   63    2    -    2 
Assisted Living Facility   344    10    -    10 
Total facilities   15,602    142    1    143 
Schedule of Future Minimum Rental Revenues

As of March 31, 2026, total future minimum rental revenues for the Company’s tenants are as follows :

 

Year  Amount 
(Amounts in $000s)    
     
2026 (nine months)   101,097 
2027   137,720 
2028   135,913 
2029   130,132 
2030   131,164 
Thereafter   391,594 
Total  $1,027,620 
Schedule of Property Leases to Third Parties

The following table provides summary information regarding the number of operational beds associated with a property leased by the Company and subleased to third-party operators:

   

   March 31,   December 31, 
   2026   2025 
Number of facilities leased and subleased to third parties   1    1 
Number of operational beds   68    68 
Schedule of Components of Lease Expense

The components of lease expense and other lease information are as follows (dollars in thousands):

 

   2026   2025 
  

Three Month Period ended

March 31,

 
   2026   2025 
Operating lease cost  $99   $99 

 

  

March 31,

2026

  

December 31,

2025

 
Operating lease right of use assets  $760   $851 
Operating lease liabilities  $760   $851 
Weighted average remaining lease term-operating leases (in years)   2.0    2.2 
Weighted average discount rate   4.1%   4.1%
Schedule of Future Minimum Lease Payments on Non-Cancellable Leases

Future minimum operating lease payments under non-cancellable leases as of March 31, 2026, reconciled to the Company’s operating lease liability presented on the condensed consolidated balance sheets are:

 

   (Amounts in
$000’s)
 
2026 (nine months)   297 
2027   397 
2028   99 
Total  $793 
Less Interest   (33)
Total operating lease liability  $760