Health Care REIT, Inc. (NYSE:HCN) experienced a 68.8% jump in net income in the second quarter, compared to the previous year, due to earnings from substantial investment growth. The REIT’s net income rose to $86.2 million in the quarter ending on June 30, 2011, up from last year’s $51.1 million. Net income attributable to common […]
Category: Data
Sabra (NYSE:SBRA) recently released its second quarter results, showing a net income of $2.1 million for the quarter ending on June 30, 2011, and $171.5 million in acquisitions. Total equity investments totaled $643.4 million, with 9.8 million total licensed beds/units. During the second quarter, Sabra closed acquisitions on Texas Regional Medical Center for $62.7 million, […]
Americans with lower income and less education are more likely to be caregivers, says a recent Gallup poll, and even seniors who are 65+ are among the ranks of those providing care for others. A subsequent Gallup poll shows that the jobs of many are significantly affected by obligations from their caregiver status. Gallup is […]
HCP, Inc.’s (NYSE:HCP) profit ballooned 180% with a net income of $222.9 million, and $0.55 per share, up from last year’s $79.5 million, and $0.27 per share, due to growth in rental revenues and tenant recoveries. Quarterly revenue increased to $488.7 million for the quarter ending on June 30, 2011, from last year’s $301.9 million. Rental […]
Five Star Quality Care, Inc. (NYSE:FVE) reported a 36% decrease in net income for the second quarter 2011, with $5.2 million, down from from $8.2 million in 2Q 2010, due in part to a loss of income from discontinued operations. However, it experienced a 3.4% increase in total revenues to $312.6 million in the second quarter […]
Health Care REIT, Inc. recently announced the closing of a new, $2 billion unsecured revolving credit facility. The facility, which has a four-year term, replaces a $1.15 billion unsecured revolving credit facility scheduled to mature in August of next year. The new facility provides the options of an additional one-year extension at the company’s discretion, […]
Senior Housing Properties Trust (NYSE:SNH) reported a 107% increase in net income in the second quarter 2011, as a result of the sales of several of its properties in the quarter. Net income for the quarter ending on June 30, 2011 was $51.05 million, or $0.36 per share, up from last year’s $24.56 million and $0.19 […]
Occupancy rates are holding steady for seniors housing in the second quarter of 2011, while the pace of rent growth is rising, says NIC MAP, a data analysis service of the National Investment Center for the Seniors Housing & Care Industry (NIC). Rent growth increased fairly significantly on a quarterly basis, going from 0.9% to […]
Despite an improvement in occupancy rates for senior housing during the first quarter of 2011, a full upturn in all areas of the marketplace are still a few quarters away, says a report from real estate investment services company Marcus & Millichap (M&M). With healthcare-oriented real estate operations stabilizing and a large number of baby boomers […]
Merger and acquisition activity in the health care industry surged to $73.5 billion during the second quarter of 2011, up 44% from Q1 according to data from Levin Associates. During the quarter, 243 mergers and acquisitions took place and as far as dollar volume is concerned, M&A activity is on track to break all previous records […]
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