Exhibit 5
ELDERTRUST
Financial Supplement
CONSOLIDATED ENTITIES
March 31, 1999
Revenue Composition
($000's)
Three months ended
March 31, 1999
Revenue by Investment Type
Mortgage & Other Loans $2,185 31%
Real Property 4,623 66%
Other 240 3%
Total $7,048
Rental Revenue by Facility Type
Skilled Nursing Facilities $1,854 40%
Independent & Assisted
Living Facilities 2,061 45%
Medical Office Buildings 708 15%
Total $4,623
Exhibit 6
ELDERTRUST
Financial Supplement
CONSOLIDATED ENTITIES
March 31, 1999
Committed Investment Balances
($000's)
No. No. Committed Investment
Properties (A) Beds/Units Balance (B) per Bed/Unit
Skilled Nursing
Facilities 8 1,251 $82,707 $66
Assisted Living
Facilities 15 1,273 132,680 104
Independent Living
Facilities 2 219 8,968 41
Medical Office
Buildings 6 n/a 16,360 n/a
Total 31 2,743 240,715
Funded 236,257
Unfunded $4,458
Notes: (1) Includes equity and loan interests in real property.
(2) Committed Balance includes real estate investments, credit
enhancements and unfunded commitments for which initial
funding had commenced.
Exhibit 7
ELDERTRUST
Financial Supplement
CONSOLIDATED ENTITIES
March 31, 1999
Operator Concentration
($000's)
Concentration by No. %
Investment Properties Investment (A) Investment
Genesis 17 $126,487 53.5%
Multicare 3 19,650 8.3
Crozer/Genesis 4 42,924 18.2
Other 7 47,196 20.0
Total 31 $236,257 100.0%
Concentration by
Revenue Revenue % Revenue
Genesis -
Direct Investment $2,894
Genesis -
Unconsolidated
Investments 669
Genesis Subtotal 3,563 50.6%
Multicare 516 7.3
Crozer/Genesis 1,042 14.8
Other 1,927 27.3
Total $7,048 100.0%
Note: (A) Real Estate Investments include gross real estate investments
and credit enhancements which amounted to $231,650 and $4,607,
respectively.
(B) We suggest the reader refer to the Genesis Health Ventures,
Inc. and Multicare, Inc. filings with the Securities and
Exchange Commission and the Genesis Health Ventures, Inc.
investor relations web site at http://www.ghv.com for information
regarding these companies.
Exhibit 8
ELDERTRUST
Financial Supplement
CONSOLIDATED ENTITIES
March 31, 1999
Capitalization Data & Other Credit Support
($000's)
Current Capitalization
Balance % Balance
Long-Term Debt Obligations $53,403 20.5%
Borrowings Under Bank Lines 95,822 36.8
Shareholders' Equity 111,203 42.7
Total Book Capitalization $260,428 100.0%
Equity Market Capitalization (A) $64,810
FFO Payout Ratio ($0.365 / $0.47)78% 1st Qtr.
Notes: (A) Calculated on March 31, 1999 at $9.00 per share price and
7,201,100 shares then outstanding.
Exhibit 9
ELDERTRUST
Financial Supplement
CONSOLIDATED ENTITIES
March 31, 1999
Debt Maturities and Principal Payments
($000's)
Bank Line of
Year Credit Other Debt Total
1999 $4,178 $4,178
2000 $95,822 1,329 97,151
2001 1,452 1,452
2002 1,561 1,561
2003 1,682 1,682
Thereafter 43,201 43,201
Total $95,822 $53,403 $149,225
Exhibit 10
ELDERTRUST
Financial Supplement
CONSOLIDATED ENTITIES
March 31, 1999
Selected Facility Data
% % %
Occupancy Medicare Private Pay Coverage
Skilled Nursing
Facilities:
Census 91.5 7.3 23.9
Revenue 16.6 1.67 (B)
Assisted Living
Facilities (A) 87.4 0.0 100.0 0.91
Independent Living
Facilities 97.2 0.0 100.0 1.36
Notes: (A) Includes facilities in lease-up stage.
(B) Excludes one property undergoing extensive renovation.
Facility Data is for the quarter ended December 31, 1998, the
first quarter the skilled nursing facilities were subject to
PPS.
Exhibit 11
ELDERTRUST
Financial Supplement
CONSOLIDATED ENTITIES
March 31, 1999
Geographic Concentration
Owned, Consolidated Properties
($000's)
No. Properties Investment % Investment
Investment by State
Pennsylvania 12 $109,007 60.3%
Massachusetts 3 42,371 23.4
New Jersey 3 22,320 12.3
New Hampshire 1 4,075 2.3
Maryland 1 1,347 0.7
Connecticut 2 1,809 1.0
Total 22 $180,929 100.0%
Revenue by State
Pennsylvania 12 $2,970 64.2%
Massachusetts 3 974 21.1
New Jersey 3 471 10.2
New Hampshire 1 118 2.6
Maryland 1 41 0.9
Connecticut 2 49 1.0
Total 22 $4,623 100.0%
Exhibit 12
ELDERTRUST
Financial Supplement
UNCONSOLIDATED ENTITIES
BALANCE SHEETS
March 31, 1999
(unaudited)
(Amounts in thousands)
ET Sub- ET Sub- ET Sub-Cabot
Meridian, Cleveland, Park, ET Capital
LLC LLC LLC Corp.
Assets:
Real estate
properties,
at cost $13,185 $15,979
Leased property
under capital
lease $111,204
Less-accumulated
depreciation (2,048) (154) (187)
Land 1,468 1,772
Net real estate
properties 109,156 14,499 17,564
Real estate loans
receivable 12,492
Cash and cash
equivalents 1,188
Accounts receivable 374 337 255 520
Other assets, net
of accumulated
amortization and
depreciation 452 474 500 125
Total assets $111,170 $15,310 $18,319 $13,137
Liabilities and
shareholders' equity:
Accounts payable and
accrued expenses $951 $652 $640 $408
Deferred rental
revenue 817
Notes payable-
related parties 17,576 2,508 4,194 9,681
Mortgages payable 11,708 13,031
Capital lease
obligation 64,186
Notes payable-
unrelated parties 25,416
Other liabilities 2,085 231 276
Total liabilities 111,031 15,099 18,141 10,089
Shareholders' equity 139 211 178 3,048
Total liabilities
and shareholders'
equity $111,170 $15,310 $18,319 $13,137
Exhibit 13
ELDERTRUST
Financial Supplement
UNCONSOLIDATED ENTITIES
STATEMENTS OF OPERATIONS
March 31, 1999
(unaudited)
(Amounts in thousands)
ET Sub- ET Sub- ET Sub-Cabot
Meridian, LLC Cleveland, LLC Park, LLC
Revenues:
Rental revenues $2,450 $364 $413
Other income 3
Total revenues $2,453 $364 $413
Expenses:
Interest expense 2,138 268 347
Depreciation and
amortization 878 116 140
Total expenses 3,016 384 487
Net income (loss) $(563) $(20) $(74)
Exhibit 14
ELDERTRUST
Financial Supplement
UNCONSOLIDATED ENTITIES
March 31, 1999
Selected Facility Data
Coverage
% % % Before
Occupancy Medicare Private Pay Mgt. Fees
Skilled Nursing
Facilities
Census 91.5 11.0 24.7
Revenue 24.2 1.18
Assisted Living
Facility (A) 95.1 0.0 100.0 1.07
Independent
Facility (A) 96.1 0.0 100.0 0.82
Notes: (A) Facility in lease-up.
General-Facility Data is the quarter ending December 31, 1998.
Exhibit 15
ELDERTRUST
Financial Supplement
UNCONSOLIDATED ENTITIES
March 31, 1999
Principal Payments
($000's)
Year Total
1999 $5,105
2000 1,721
2001 1,847
2002 1,985
2003 7,130
Thereafter 96,553
Total $114,341
SOURCE ElderTrust
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