Nov. 3, 2014, 9:35 AM
- Q3 normalized FFO of $89.6M or $0.44 per share vs. $78.8M and $0.42 one year ago. Share count of 203.8M vs. 188.1M.
- 42.1% of NOI came from 98 MOB's with 9.1M square feet. Occupancy of 95.6% flat from Q2, up 60 bps from a year ago. Same-property cash basis NOI up 2.6% for quarter.
- 41.1% of NOI came from triple net leased senior living communities with 24,383 living units. Occupancy of 85.2% up 10 bps Y/Y. Same-property occupancy of 85.2% down 40 bps. Same-property NOI up 2.3% for the quarter.
- 13.4% f NOI came from 44 managed senior living communities with 7.051 units. Same-property NOI flat Y/Y.
- Conference call at 1 ET
- Previously: Senior Housing Properties Trust misses by $0.01, misses on revenue
- SNH +0.6%
Nov. 3, 2014, 8:02 AM
Nov. 2, 2014, 5:30 PM
Oct. 13, 2014, 4:19 PM
- Both equity and mortgage REITs saw plenty of buying as nearly all of the rest of the market was lit up bright red, and Treasury ETFs signaled a sharp drop in yields when government bonds reopen for trade tomorrow (closed this session for Columbus Day).
- A sampling of equity names: Senior Housing Properties (SNH +1.2%), Medical Properties Trust (MPW +1.4%), Gramercy Property Trust (GPT +1.7%), Equity Residential (EQR +0.7%), Inland Real Estate (IRC +0.9%), Sovran Self Storage (SSS +1.1%), Highwoods Properties Trust (HIW +1%).
- One equity REIT sector in the red along with the rest of the market is lodging amid worsening Ebola fears: Ashford Hospitality Trust (AHT -2.9%), Sunshine Hotel Investors (SHO -1.4%), LaSalle Hotel Properties (LHO -1.5%), Summit Hotel Properties (INN -1.5%).
- Mortgage REITs: American Capital Agency (AGNC +1.4%), CYS Investments (CYS +2.2%), Invesco (IVR +1.1%), American Capital Mortgage (MTGE +1.5%), Western Asset (WMC +1.1%).
- ETFs: IYR, VNQ, REM, MORL, MORT, DRN, URE, REZ, SRS, RWR, SCHH, ICF, ROOF, DRV, KBWY, RTL, REK, FRI, FTY, PSR, IFNA, FNIO, WREI
Oct. 2, 2014, 4:07 PM
Sep. 2, 2014, 7:48 AM
- In connection with Select Income REITs (NYSE:SIR) $3.1B purchase of Cole Corporate Income Trust, the company is offloading the healthcare properties in CCIT's portfolio (23) to Senior Housing Properties Trust (NYSE:SNH) for $539M.
- The properties to be purchased by SNH are 100% occupied with average term of 9.5 years. Seventy-two percent of rents are payable by investment grade tenants. The GAAP cap rate is about 6.4%.
- After the sale of the healthcare assets to SNH, Select will be adding 64 office and industrial properties to its portfolio. The company expects - following closing of the purchase in early 2015 - to boost its quarterly dividend by $0.02 to $0.50 per share.
- Previously: American Realty's CCIT to be sold to Select Income REIT
Aug. 4, 2014, 8:20 AM
- Normalized FFO of $86.6M or $0.43 per share vs. $79,1M and $0.42 a year ago.
- 43.5% of NOI came from 218 triple-net-leased senior living communities. Occupancy of 85.2% falls 40 bps from a year ago. Same-property NOI increased 2.2%.
- 14.5% of NOI came from 44 managed senior living communities. Occupancy of 88.5% up from 87.4%. Same-property NOI increased 6.4%.
- 38.5% of NOI came from 98 MOBs with 9.1M square feet. Leasing rate of 95.6% up from 94.1% a year ago. Same-property cash basis NOI up 1.3%.
- Conference call at 1 ET
- SNH flat premarket
Aug. 4, 2014, 8:03 AM
Aug. 3, 2014, 5:30 PM
Jul. 7, 2014, 5:44 PM
Jul. 2, 2014, 7:22 AM
- Citing a preference for more economically-sensitive REIT sectors, Goldman downgrades the Healthcare REIT sector to Neutral from Attractive. Alongside the sector cut, the team downgrades Omega Healthcare Investors (OHI) to Neutral. It's off 1% premarket.
- Among the other names in the sector: HCN, HCP, MPW, HTA, SNH, VTR, LTC, AVIV.
May 30, 2014, 4:05 PM
May 2, 2014, 8:13 AM
- Normalized FFO of $80.1M or $0.43 per share vs. $79M and $0.43 a year ago. Dividend is $0.39 per share.
- SNH acquired one property in April for $32.7M, and has another under agreement for purchase price of about $1.125B. Continuing to move away from reliance on government programs, company has nine properties on the market - the majority of their revenues come from Medicare, Medicaid, and related.
- CC at 1 ET
- Source: Press Release
- Previously: Senior Housing Properties Trust FFO in-line, misses on revenue
May 2, 2014, 8:03 AM
May 1, 2014, 5:30 PM
Apr. 16, 2014, 5:37 PM
SNH vs. ETF Alternatives
Senior Housing Properties Trust is a real estate investment trust. It owns and operates independent living and assisted living communities, continuing care retirement communities, nursing homes, wellness centers.
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