Seeking Alpha

Still putting cash to work, Newcastle income drops

  • Core earnings of $23.9M are off 17.6% from a year ago. Core EPS of $0.08 is off 27%.
  • Had $120M of average uninvested cash been invested the entire quarter and if the Gatehouse deal had been moved up, earnings would have been another $11M or $0.04 per share higher.
  • Senior Housing invested $101M in equity to acquire $301M of senior housing assets, with Newcastle targeting a 3-year return of 20%.
  • CC at 8:30 ET.
  • Q3 results, press release.
  • NCT no trades premarket.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: