Senior Housing Properties Trust Announces 2nd Quarter Results And Fannie Mae Financing

SNHlogo_homeSenior Housing Properties Trust (NYSE: SNH) last announced its financial results for the quarter and six months ended June 30, 2009 and announced that it has closed a $512.9 million mortgage financing with Fannie Mae (NYSE: FNM), for $512 million which is secured by first liens on 28 senior living properties leased to Five Star Quality Care, Inc., or Five Star, with 5,618 living units / beds located in 16 states.  The company reported net income was $30.5 million, or $0.25 per share, for the quarter ended June 30, 2009, that included an impairment charge of $2.9 million on a property the company intends to sell. In connection with the FNM transaction, the company realigned our four leases with Five Star.

For the full earnings release, click here.