Investor Presentaiton
RESIDENTIAL PORTFOLIO CONTINUED
(in thousands) (unaudited)
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
Operating margin
Owned and leased (1)
Managed (2)
(8.0)%
10.1 %
17.8 %
(28.3)%
5.5 %
8.8 %
(9.7)%
3.4 %
(24.8)%
2.0%
Subtotal
9.0 %
6.6 %
6.7 %
2.5 %
(0.3)%
Depreciation
Owned and leased (1)
2,126
2,135
$
2,147
2,164
$
2,167
Managed (2)
3,229
4,069
4,568
5,258
5,353
Subtotal
5,355
6,204
6,715
7,422
7,520
EBITDA
Owned and leased (1)
Managed (2)
Subtotal
EBITDA margin
Owned and leased (1)
Managed (2)
Total
563
6,552
(2,485)
589
(1,524)
$
32,708
33,271
18,480
27,618
12,448
8,534
$
25,032 $
25,133 $
13,037 $
7,010
2.9 %
11.2 %
10.7 %
26.4 %
7.1 %
8.7 %
(15.2)%
10.6 %
9.1 %
3.6 %
(10.2)%
5.9 %
5.3%
5.7 %
4.0%
(1) The leases for the four communities leased from PEAK were terminated as of September 30, 2021.
(2) Financial results are community level and are not included in ALR's consolidated results of operations. ALR earns 5% management fee on revenues recognized by community based on U.S. GAAP.
Appendix
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