Healthcare real estate investment trust HCP Inc. saw its net income attributable to common shares more than double in the first quarter ended March 31, 2012, to $175.3 million, compared to $63.9 million the previous year. Net income applicable to common shares rose to $0.43, compared to $0.17 in 2011. FFO per share increased 60% in […]
HCP Inc.
Many healthcare real estate investment trusts (REITs) began 2012 with a bullish attitude toward RIDEA-structured seniors housing and care deals after seeing a whirlwind of activity for the transactions in 2011. Finding the structure attractive for its ability to offer an upside benefit to both the investor and operator, the outlook looked rosy for RIDEA […]
There was widespread uproar in the skilled nursing industry last summer when the Centers for Medicaid & Medicare Services (CMS) announced an upcoming cut to Medicare reimbursement rates. The cuts have been in effect for a full quarter now, and it looks the industry is still hanging on—for now. REITs: Less Impacted Than Expected HCP, […]
Construction for seniors housing is still very low, according to the National Investment Center for the Seniors Housing & Care Industry, but if the most recent round of quarterly earnings calls are any indication, it looks like some real estate investment trusts (REITs) are cautiously beginning to finance some development projects. HCP, Inc.: Partnering with Brookdale for […]
HCP, Inc. (NYSE:HCP) saw its funds from operation per common diluted share plunge 40% to $0.37 in the fourth quarter ended Dec. 31, 2011 compared to the previous year’s $0.67, after the company agreed to pay Ventas, Inc. (NYSE:VTR) a $125 million settlement. In the fourth quarter, HCP reported total revenues of $461.6 million, a 35% increase from […]
The senior housing market saw a record year of activity in 2011, with billions of dollars of acquisitions, joint ventures, and RIDEA-structured partnerships that served to consolidate the industry. And while the market has cooled down, the action isn’t over, said industry experts during a November panel hosted by The SeniorCare Investor and the American […]
Although real estate investment trusts (REITs) face higher risks when entering into a RIDEA structure with senior housing operators, it’s risk that’s well thought out, and the management structure will become increasingly important going forward, analysts say. RIDEA, which comes from and is an acronym for the REIT Investment Diversification and Empowerment Act of 2007, […]