Aviv REIT -2.1% after earnings miss


Q2 adjusted FFO of $26M or $0.44 per share up 7% from a year ago. Dividend is $0.36.

$82.7M of skilled nursing home acquisitions during quarter at blended initial cash yield of 9.8%.

$110.5M of investments thus far in Q3 ($211.7M capital raise during Q2). The big one is $82M of acquisitions of assisted living facilities with an initial cash yield of 10%.

Full-year AFFO guidance of $1.89-$1.93 per share is reaffirmed.

Conference call is just getting underway

AVIV -2.1%

Previously: Aviv REIT misses by $0.02, misses on revenue

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