Senior Housing Properties Trust (NYSE: SNH) results for the third quarter of 2009 showed that Net income was $15.6 million, or $0.13 per share, for the quarter ended September 30, 2009, compared to net income of $29.1 million, or $0.25 per share, for the quarter ended September 30, 2008. The current quarter results includes an impairment of assets charge of $11.2 million, or $0.09 per share, related to eight properties, including six skilled nursing facilities, one assisted living property and one medical office, clinic, and biotech laboratory building, or MOB.
During the quarter the company had various transactions including but not limited to:
- In September 2009, SNH issued 6.9 million common shares in a public offering, raising net proceeds of approximately $127.2 million for acquisitions of 10 MOBs and one senior living property from two unaffiliated parties as described below.
- The acquisition of one senior living property for approximately $21.0 million, plus closing costs, from an unaffiliated party in October 2009.
- In October 2009, SNH sold one skilled nursing facility to an unaffiliated party for $500,000 and, on November 1, 2009, sold another one of our skilled nursing facilities to an unaffiliated party for $1.4 million.
For more information on the company’s results and activities, see its earnings release for 3rd Quarter 2009 or it’s 8-K.
