Senior Housing Properties Trust Announces Year End 2008 Results

Senior Housing Properties Trust announced its year end results last week that showed net income for the fourth quarter was $32.4 million or $.28 a share. For the full year, the company showed a net income of $106.5 million dollars compared to $85.3 million in 2007. The results for 2008 include impairment charges of $8.4 million and a gain on sale of $266,000.


In February 2009, the company issued 5.9 million common shares in a public offering, raising net proceeds of approximately $96.8 million and used the net proceeds from this offering to repay borrowings outstanding on its revolving credit facility and for general business purposes.


For the full earnings release, click here.