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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real Estate Investments:    
Buildings and improvements and construction in progress $ 657,156 $ 655,996
Accumulated depreciation (293,064) (286,932)
Real Estate Investment Property, Net, Total 364,092 369,064
Land 56,870 56,870
Net Real Estate Investments 420,962 425,934
Financing receivable from UHS 82,639 82,798
Net Real Estate Investments and Financing receivable 503,601 508,732
Investments in limited liability companies ("LLCs") 14,437 13,948
Other Assets:    
Cash and cash equivalents 6,974 7,097
Lease and other receivables from UHS 7,051 7,131
Lease receivable - other 8,128 7,975
Intangible assets (net of accumulated amortization of $11.7 million and $11.3 million, respectively) 6,891 7,325
Right-of-use land assets, net 10,911 10,918
Deferred charges, notes receivable and other assets, net 15,489 17,736
Total Assets 573,482 580,862
Liabilities:    
Line of credit borrowings 349,500 348,900
Mortgage notes payable, non-recourse to us, net 19,034 19,349
Accrued interest 659 694
Accrued expenses and other liabilities 9,892 10,444
Ground lease liabilities, net 10,910 10,918
Tenant reserves, deposits and deferred and prepaid rents 11,321 11,016
Total Liabilities 401,316 401,321
Equity:    
Preferred shares of beneficial interest, $.01 par value; 5,000,000 shares authorized; none issued and outstanding
Common shares, $.01 par value; 95,000,000 shares authorized; issued and outstanding: 2025 - 13,851,469; 2024 - 13,850,608 138 138
Capital in excess of par value 271,340 271,092
Cumulative net income 850,072 845,295
Cumulative dividends (953,576) (943,396)
Accumulated other comprehensive income 4,192 6,412
Total Equity 172,166 179,541
Total Liabilities and Equity $ 573,482 $ 580,862