American Realty Capital Healthcare Trust III, Inc.

CIK:0001609234|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Revenues:
Rental income	$ 2,277	$ 6,830
Total revenues	3,598	10,861
Expenses:
Property operating and maintenance	1,374	4,144
Operating fees to related party	15	42
Acquisition and transaction related	568	1,727
General and administrative	740	2,087
Depreciation and amortization	1,304	3,939
Total expenses	4,001	11,939
Operating income	(403)	(1,078)
Other income:
Interest expense	(46)	(139)
Total other expense	(46)	(139)
Loss before income taxes	(449)	(1,217)
Income tax benefit/(expense)	58	32
Net loss	(391)	(1,185)
Net loss attributable to non-controlling interests	(5)	(12)
Net loss attributable to stockholders	(396)	(1,197)
Comprehensive loss attributable to stockholders	$ (396)	$ (1,197)
Basic and diluted net loss per share (in dollars per share)	$ (0.06)	$ (0.17)
Distributions declared per share (in usd per share)	$ 0.13	$ 0.91
Operating expense reimbursements
Revenues:
Revenues	$ 651	$ 1,950
Resident services and fee income
Revenues:
Revenues	$ 670	$ 2,081

CONSOLIDATED STATEMENT OF CASH FLOWS $ in Thousands	9 Months Ended
CONSOLIDATED STATEMENT OF CASH FLOWS $ in Thousands	Sep. 30, 2017 USD ($)
Cash flows from operating activities:
Net loss	$ (1,185)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	3,939
Amortization of deferred financing costs	22
Amortization of mortgage premium	(32)
Amortization of market lease and other intangibles	154
Share-based compensation	27
Changes in assets and liabilities:
Straight-line rent receivable	(150)
Prepaid expenses and other assets	318
Accounts payable and accrued expenses	1,422
Deferred rent	(19)
Net cash provided by operating activities	4,496
Cash flows from investing activities:
Capital expenditures	(62)
Net cash used in investing activities	(62)
Cash flows from financing activities:
Payments on mortgage note payable	(75)
Common stock repurchases	(1,880)
Distributions paid	(5,788)
Distributions to non-controlling interest holders	(15)
Net cash used in financing activities	(7,758)
Net change in cash and restricted cash	(3,324)
Cash and restricted cash, beginning of period	16,408
Cash and restricted, end of period	13,084
Supplemental disclosure of cash flow information:
Cash paid for interest	150
Cash paid for income taxes	155
Non-cash investing and financing activities:
Payable and accrued offering costs	228
Common stock issued through distribution reinvestment plan	$ 1,437