Sentio Healthcare Properties Inc

Delisted

CIK 0001378774Non-AcceleratedReal Estate Investment TrustsMarylandFY ends Dec 31

Period

FY 2016

Revenue

$130.04M

Net Income

$1.83M

Total Assets

$574.26M

Equity

$30.31M

Shares Out

11.55M

Op. Cash Flow

$24.84M

Business

Sentio Healthcare Properties Inc is a former operating company in Real Estate Investment Trusts, incorporated in Maryland. Securities are no longer actively traded on a major U.S. exchange.

Auto-generated from company profile

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31
Rental revenues	91	80	50	35	33
Resident fees and services	33	31	29	25	14
Tenant reimbursements and other income	6	4	3	2	2
Total revenues	130	115	82	62	49
Property operating and maintenance	83	74	51	38	30
General and administrative	2	2	2	2	2
Asset management fees	3	5	4	3	2
Real estate acquisition costs	0	1	3	1	1
Depreciation and amortization	17	20	12	9	7
Total expenses	105	103	71	52	42
Income from operations	25	12	10	9	6
Interest expense, net	16	14	10	8	7
Change in fair value of contingent consideration	−3	689,000	0	0	—
Equity in loss from unconsolidated entities	163,000	362,000	352,000	73,000	228,000
Loss on debt extinguishment	378,000	0	0	352,000	1
Net income (loss) before income taxes	12	−3	98,000	2	—
Income tax benefit	−2	−3	−389,000	−42,000	—
Net income	14	249,000	487,000	2	−810,000
Preferred return to series B preferred OP units	11	9	3	—	—
Net income attributable to other noncontrolling interests	720,000	320,000	586,000	322,000	72,000
Net income (loss) attributable to common stockholders	2	−9	−3	2	−882,000
Basic and diluted weighted average number of common shares	12	11	12	13	13
Basic and diluted net income (loss) per common share attributable to common stockholders	0.16	−0.77	−0.22	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31
Cash and cash equivalents	35	23	36	22	22
Land	48	47	42	29	23
Buildings and improvements, net	396	397	307	192	158
Furniture, fixtures and vehicles, net	13	13	9	5	3
Construction in progress	14	5	0	—	—
Intangible lease assets, net	5	7	11	9	—
Total investment in real estate	475	469	369	235	190
Real estate note receivable	34	15	0	—	—
Investment in unconsolidated entities	493,000	880,000	5	1	4
Tenant and other receivables, net	6	6	4	3	2
Deferred costs and other assets	10	9	6	3	3
Restricted cash	8	7	5	4	4
Goodwill	6	6	6	6	6
Total assets	574	535	434	277	231
Notes payable, net	366	335	276	182	145
Accounts payable and accrued liabilities	16	23	10	5	5
Prepaid rent and security deposits	5	5	3	2	—
Distributions payable	1	1	1	2	2
Total liabilities	389	365	291	191	153
Preferred Stock Series C, $0.01 par value; 1,000 shares authorized; 1,000 and 1,000 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively.	0	0	0	0	0
Common stock, $0.01 par value; 580,000,000 shares authorized; 11,531,615 and 11,502,617 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	115,000	115,000	115,000	126,000	128,000
Additional paid-in capital	56	61	67	83	92
Accumulated deficit	−26	−28	−19	−16	−18
Total stockholders' equity	30	34	48	67	74
Series B convertible preferred OP units	151	132	91	15	0
Other noncontrolling interest	4	4	3	4	4
Total equity	186	171	143	86	78
Total liabilities and equity	574	535	434	277	231

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31
Amortization of deferred financing costs	960,000	905,000	589,000	429,000	474,000
Straight-line rent and above/below market lease amortization	−139,000	−829,000	−686,000	−639,000	−716,000
Amortization of loan discount/premium	−58,000	−60,000	−63,000	−70,000	0
Equity in loss from unconsolidated entities	387,000	362,000	352,000	—	—
Bad debt expense	162,000	263,000	276,000	50,000	51,000
Deferred tax benefit	−2	−3	−869,000	−549,000	−225,000
Tenant and other receivables	−156,000	−1	−125,000	−451,000	88,000
Deferred costs and other assets	−779,000	702,000	−186,000	83,000	−828,000
Restricted cash	−970,000	−372,000	−65,000	−366,000	4,000
Prepaid rent and tenant security deposits	−164,000	1	887,000	117,000	344,000
Accounts payable and accrued liabilities	−37,000	−222,000	807,000	770,000	2
Net cash provided by operating activities	25	19	13	—	—
Real estate acquisitions	−11	−69	−135	−54	−18
Additions to real estate	−3	−3	−2	−644,000	−658,000
Construction in progress	−9	−12	0	0	—
Real estate note receivable	−19	−15	0	0	—
Purchase of an interest in an unconsolidated entity	0	0	−5	0	−2
Restricted cash	241,000	−454,000	−501,000	257,000	−19,000
Distributions from unconsolidated entities	0	209,000	636,000	427,000	248,000
Acquisition deposits	0	−1	−490,000	−120,000	0
Net cash used in investing activities	−41	−101	−142	—	—
Proceeds from issuance of series B preferred OP units, net	19	42	75	15	0
Redeemed shares	0	0	−11	−2	−1
Proceeds from notes payable	144	47	104	56	55
Repayment of notes payable	−113	−3	−16	−20	−39
Payment of contingent consideration	−3	0	0	—	—
Deferred financing costs	−2	−552,000	−2	−698,000	−1
Distributions paid to series B preferred OP units and other noncontrolling interests	−12	−11	−3	−1	−630,000
Distributions paid to stockholders	−5	−5	−6	—	—
Restricted cash	0	−27,000	0	0	—
Offering costs	0	−9,000	−289,000	−91,000	0
Net cash provided by financing activities	28	69	142	—	—
Net increase (decrease) in cash and cash equivalents	12	−13	14	285,000	−6
Cash paid for interest	15	13	9	8	6
Cash paid for income taxes	167,000	154,000	451,000	464,000	580,000
Distributions declared not paid	1	1	1	2	2
Distributions reinvested	88,000	4,000	31,000	61,000	0
Note payable assumed in connection with real estate acquisitions	0	18	7	0	44
Equity contribution by noncontrolling interest	0	1	293,000	0	0
Consolidation of a previously held investment in an unconsolidated entity	0	4	0	0	—
Accrued preferred stock offering costs	0	124,000	130,000	26,000	0
Accrued deferred acquisition costs	0	0	302,000	0	0
Accrued additions to real estate	102,000	1	43,000	26,000	0

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