The use of RIDEA structures in REIT acquisitions is becoming more commonplace in the senior housing sector as a model that helps drive long-term growth, and analysts say the days of healthcare REITs enjoying healthy margins are far from over. “We see the RIDEA structure as a way for the REITs to remain competitive within […]
Senior Housing Properties Trust
Senior Housing Properties Trust Reports Income Gain in Q4, Acquires 11 Properties Senior Housing Properties Trust (NYSE: SNH) reported a net income gain for the quarter ended December 31, 2012 at $44.6 million, or $0.25 per share. Total revenues for the same period was $194.1 million, up 42% from the fourth quarter in 2011. The […]
Each quarter, senior living companies and the entities that invest in them release earnings reports and hold calls with analysts. At the end of each earnings call, executives will generally field questions from analysts to provide further insight or color into portfolio performance or acquisition strategy. Here are a collection of “snippets” from calls held […]
Note: This covers Q3 earnings for Senior Housing Properties Trust (NYSE:SNH) & Five Star Quality Care (NYSE:FVE). SNH’s Net Income Falls in Q3 Due to Expenditures, Capital Distributions Senior Housing Properties Trust saw its net income fall to $25.6 million, or $0.15 per share, for the quarter ended Sept. 30, 2012, compared to $30 million or […]
Here’s a quick look at how senior housing and care-related real estate investment trusts fared during the second quarter of 2012, including FFO, net income, revenues, and, when available, guidance. We’ve also included acquisition and development activities and outlooks for some of the REITs based on what was said during their respective earnings calls. HCP’s […]
Mainstreet Property Group’s HealthLease Properties REIT Closes $25 Million Credit Line Mainstreet Property Group, LLC, announced on Tuesday that certain indirect subsidiaries of HealthLease Properties Real Estate Investment Trust (TSX:HLP.UN) have entered into a $25 million revolving credit facility with PNC Bank. The facility has an initial term of 36 months from closing and provides […]
Prudential Closes $46.5 Million Loan for CNL’s Portfolio Acquisition Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc. (NYSE:PRU) recently closed on a $46.5 million Fannie Mae refinancing loan for CNL Lifestyle Properties, LP and Solomon Senior Living, a portfolio of four senior living complexes in the greater Atlanta, Ga. area. The […]
Senior Housing Properties Trust (NYSE:SNH) announced on Wednesday that it had entered into agreements for early terminations of leases for 10 senior living communities currently managed by Sunrise Senior Living (NYSE:SRZ). The senior housing REIT plans to lease the communities to its taxable REIT subsidiaries with Five Star Quality Care, Inc. (NYSE:FVE) as the new manager. […]
Healthcare REIT Senior Housing Properties Trust (NYSE:SNH) reported a net income of $32.4 million for the quarter ended March 31, 2012, a slight increase from the previous year’s $31.8 million. However, net income per share actually decreased from $0.22 in the first quarter of 2011 to $0.20, due to a non-cash impairment of assets charge […]
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 […]
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