Health Care REIT, Inc. (NYSE:HCN) reported a net income attributable to stockholders of $36.6 million, or $0.21 per share, for the quarter ended Sept. 30, 2011, a substantial improvement over last year’s loss of $4.6 million, or $0.04, in the third quarter. Normalized funds from operations (FFO) went up nearly 60% to $150.4 million, or […]
Category: Stocks
Sun Healthcare Group Inc. (NASDAQ:SUNH) second quarter revenue was up 3.3%, coming in at $487.7 million as it saw a boost from nursing home operations. Consolidated consolidated adjusted EBITDAR increased 7.0% to $67.4 million and adjusted EBITDAR margin grew 50 basis points to 13.8%, compared to normalized data for the same period in 2010. “We have been particularly […]
Skilled Healthcare Group (NYSE: SKH) released its second quarter earnings and announced that it has terminated its efforts on the exploration of strategic alternatives, including a potential sale of the real estate assets or the whole company. SKH reported revenue for the second quarter of $215.5 million, an increase of 7.3% when compared to $201.0 million in the […]
After news of Medicare’s decision to slash payments to skilled nursing facilities broke on Friday, Health Care REITs are feeling the pain reports the Wall Street Journal. The steep 11.1% cuts to fiscal year 2012 wasn’t expected and investors started to fear it could impair rent payments from skilled nursing tenants. Omega Healthcare Investors recently […]
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 […]
Omnicare, Inc. (NYSE:OCR) reported its second quarter results that show an increase in its GAAP net income to .32 per share versus .20 per share for the same period in 2011 and an adjusted EBITDA of $146.3 million compared to $144.5 million in Q2 2011. Omnicare’s cash flow from continuing operations during Q2 saw a […]
Equity LifeStyle Properties, Inc. (NYSE: ELS) announced its results for the quarter ending June 30, 2011that shows net income available to common stockholders totaled $6.8 million for the quarter compared to $6.0 million for the same period in 2010. ELS had Funds From Operations (“FFO”) of $27.3 million for the quarter compared to $27.1 million for […]
Senior Housing Properties Trust (NYSE: SNH), a Real Estate Investment Trust (REIT) that owns assisted-living communities, nursing homes and rehabilitation hospitals said it would sell at least 6.5 million shares on Monday. Proceeds would be used to reduce the amount due under the company’s revolving credit facility and for general business purposes, which could include funding […]
Lennar’s (NYSE: LEN and LEN.B) net income fell 65% during the Q2 2011 compared with last year, as the company continues to manage its way through a difficult housing market. One of the nation’s largest senior housing builders, the company earned $13.8 million, or 7 cents per share, for the three months ended May 31. That […]
After closing the deal to acquire the facilities of HCR ManorCare for $6.1 billion in cash, Jay Flaherty, chairman, president and CEO of HCP (NYSE: HCP) says demand for health care facilities is approaching a point where it will outstrip supply. Speaking with REIT.com during REITWeek2011, Flaherty said the growing number of baby boomers will continue to drive […]
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