Investor Presentaiton
Revenues
Owned and leased (1)
Managed (2)
Total
Other operating income
Owned and leased (1)
Managed (2)
Total
RESIDENTIAL PORTFOLIO
(in thousands) (unaudited)
Q4 2020
Q1 2021
Q2 2021
Q3 2021
Q4 2021
$ 17,903 $ 17,057
16,378
$
278,637
259,966
243,947
16,320
210,160
14,883
161,907
296,540
277,023
260,325
226,480
176,790
1,715
7,774
2
12,520
1,617
16,564
786
602
14,235
9,391
16,566
786
602
Operating costs
Residential wages and benefits
Owned and leased (1)
11,186
12,013
9,896
8,547
8,513
Managed (2)
160,248
148,799
139,016
113,417
88,139
Subtotal
171,434
160,812
148,912
121,964
96,652
Other residential operating expenses
Owned and leased (1)
7,493
5,890
8,595
6,842
7,658
Managed (2)
92,443
88,545
76,610
79,298
62,434
Subtotal
99,936
94,435
85,205
86,140
70,092
General and administrative expenses
Owned and leased (1)
376
376
374
342
236
Managed (2)
5,758
5,759
5,735
4,970
2,434
Subtotal
Other expenses
6,134
6,135
6,109
5,312
2,670
Owned and leased (1)
Managed (2)
Subtotal
2,126
2,135
2,147
2,164
2,167
3,229
4,069
16,100
6,071
6,321
5,355
6,204
18,247
8,235
8,488
Total operating costs
Owned and leased (1)
21,181
20,414
21,012
17,895
18,574
Managed (2)
261,678
247,172
237,461
203,756
159,328
Subtotal
282,859
267,586
258,473
221,651
177,902
Operating income
Owned and leased (1)
Managed (2)
Subtotal
Operating margin
(1,563)
4,417
(4,632)
(1,575)
(3,691)
29,479
14,411
23,050
7,190
3,181
$ 27,916 $
18,828 $
18,418 $ 5,615 $
(510)
Owned and leased (1)
Managed (2)
(8.0)%
10.1 %
9.0 %
17.8 %
5.5 %
(28.3)%
8.8 %
(9.7)%
3.4 %
(24.8)%
2.0%
6.6 %
6.7 %
2.5 %
(0.3)%
Subtotal
(1) The leases for the four communities leased from HealthPeak Properties, Inc. (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
19View entire presentation