$SNH (Senior Housing Properties Trust)

$SNH {{ '2016-08-05T17:36:05+0000' | timeago}} • Webcast

In 2Q16, $SNH acquired a senior living community in Georgia for $8.4MM & an MOB in Florida for $45MM. In June, $SNH entered into a sale leaseback transaction with Five Star, the 7 assisted-living communities for approx. $112MM. The leases have initial expiration of 2028, with two 15-year renewal options, pay-a-rental rate of 7.5% of purchase price.

$SNH {{ '2017-07-12T12:12:27+0000' | timeago}} • Announcement

$SNH announced a regular quarterly dividend on its common shares of $0.39 per share. This quarterly dividend will be paid to common shareholders of record as on July 24, 2017 and distributed on or about August 17, 2017.

$SNH {{ '2017-05-05T17:49:56+0000' | timeago}} • Webcast

On acquisition front, $SNH said it is currently looking at senior housing and medical office products. In senior housing, the company sees modest amount of opportunities and considers large portfolio acquisition. In medical office, the company will continue to buy individual assets and small portfolios, but will not pursue high priced portfolios.

$SNH {{ '2017-05-05T11:39:26+0000' | timeago}} • Announcement

$SNH's cash basis NOI was $158.6MM for 1Q17, compared to $154.4MM for the year-ago quarter, which represents an increase of 2.7%. The increase is primarily the result of acquisitions since January 1, 2016.

$SNH {{ '2017-05-05T11:34:08+0000' | timeago}} • Announcement

Acquisitions and loss on impairment of assets helped REIT $SNH post higher earnings in 1Q17. Net income attributable to common shareholders was $32.2MM, or $0.14 per share, compared to $31.3MM, or $0.13 per share, in the year-over period. Revenue rose 2.5% to $264.5MM and normalized FFO was flat at $0.46 per share.

$SNH {{ '2017-04-11T21:33:54+0000' | timeago}} • Announcement

The BoD of $SNH declared a regular quarterly cash distribution on its common shares of $0.39 per common share. The dividend will be distributed on or about May 18, 2017 to shareholders of record on April 21, 2017.

$SNH {{ '2017-03-27T14:26:05+0000' | timeago}} • Announcement

The property included in the new JV with a sovereign institutional investor was acquired by $SNH in May 2014 for $1.125Bil. The two buildings are 95% leased to $VRTX through 2028. SNH expects to use cash proceeds from this transaction to repay a portion of the amounts outstanding under its revolving credit facility.

$SNH {{ '2017-03-27T14:23:39+0000' | timeago}} • Announcement

$SNH announced a new JV with a sovereign institutional investor to own 11 Fan Pier and 50 Northern Avenue in Boston, MA. The investor will contribute approximately $261MM for a 45% equity interest in the new venture. The investment amount is based on a property valuation of $1.2Bil, less $620MM of existing secured debt on the property.

$SNH {{ '2017-02-27T16:53:27+0000' | timeago}} • Webcast

$SNH said the deal flow is at a steady level at present. In the medical office building area, the company sees a number of assisted living facilities available in the market. $SNH has seen an uptick in the medical office building area and a flat trend in the senior living area.

$SNH {{ '2017-02-27T16:40:57+0000' | timeago}} • Webcast

$SNH's rental income for 4Q16 increased 2.7% to $175.3MM. On a same-store basis, rental income increased 1.1%. Resident fees and services revenue totaled $99MM, representing an increase of 2.3% over last year. Average monthly rates increased 1.6% YoY while occupancy for 4Q16 decreased to 87.1% from 87.7% last year.

$SNH {{ '2017-02-27T16:33:09+0000' | timeago}} • Webcast

In 4Q16, $SNH acquired two assisted living communities and one medical office building for a combined purchase price of approx. $37MM. The two assisted living communities contain a total of 126 units and are located in Southern Illinois. In January 2017, $SNH acquired a 117,000 sq.ft. MOB in Kansas for approx. $15.5MM.

$SNH {{ '2017-02-27T16:20:03+0000' | timeago}} • Webcast

$SNH's triple net leased senior living portfolio continues to produce consistent steady growth with same store net operating income increasing 1.8% in 4Q16 compared to 4Q15. The triple net leased senior living portfolio had occupancy of 85.1% and rent coverage of 1.31 times for full-year 2016.

$SNH {{ '2017-02-27T12:39:49+0000' | timeago}} • Announcement

$SNH normalized funds from operations, or Normalized FFO, were $118.6MM, or $0.50 per  share during 4Q16, compared to $120.6MM, or $0.51MM during 4Q15. This decrease in Normalized FFO was mainly due to increased interest expense of $0.02 per share.

$SNH {{ '2017-02-27T12:34:46+0000' | timeago}} • Announcement

REIT company $SNH reported higher 4Q16 earnings, helped by non-cash loss on the distribution of $RMR common stock to $SNH shareholders of $0.16 per share. Net income rose to $42.9MM, or $0.18 per share, compared to $9.5MM, or $0.04 per share during 4Q15. Revenues rose 2.5% to $2.74MM.

$SNH {{ '2016-11-04T19:49:11+0000' | timeago}} • Webcast

$SNH said within its typical underwriting, it is spending between $1,200-1,500 a unit on private pay senior living. Most underwriting would assume between $750-1,500. The company generally gets an 8% return on Capex improvements that it funds.

$SNH {{ '2016-11-04T19:29:59+0000' | timeago}} • Webcast

$SNH's triple net leased senior living portfolio continues to perform well with same store cash net operating income increasing 1.9% YoverY during 3Q16. The managed senior living portfolio same store cash net operating income decreased 2.9% YoverY.

$SNH {{ '2016-11-04T19:21:07+0000' | timeago}} • Webcast

In 3Q16, $SNH sold four medical office buildings (MOB) and one skilled nursing facility for a total of $20.4MM. Subsequent to quarter-end, the company acquired one MOB for $18.5MM bringing the YTD total acquisitions to approx. $207MM. $SNH also acquired two private pay senior living communities for $18.6MM which is expected to close by 2016-end.

$SNH {{ '2016-11-04T12:37:04+0000' | timeago}} • Announcement

$SNH's cash basis net operating income (NOI) was $154.9MM for 3Q16 compared to $151.8MM in 3Q15, representing an increase of 2.1%. Contributions to the increase in cash basis NOI include $2.5MM from acquisitions and $0.6MM of increases at the same properties over the prior-year period.

$SNH {{ '2016-11-04T12:33:33+0000' | timeago}} • Announcement

$SNH posted normalized funds from operations of $105.7MM or $0.45 per share in 3Q16 compared to $108.9MM or $0.46 per share in 3Q15, representing a decrease of $0.01 per diluted share. The decrease of $0.01 from the prior-year period is primarily attributable to increased interest expense of $0.02 per diluted share.

$SNH {{ '2016-11-04T12:32:27+0000' | timeago}} • Announcement

Real estate investment trust $SNH reported a decrease in 3Q16 earnings due primarily to an increase in interest expense and non-cash impairment of asset charges. Net income was $27.9MM or $0.12 per share compared to $38.2MM or $0.16 per share in 3Q15. Total revenues grew to $263.9MM compared to last year.

$SNH {{ '2016-08-05T17:47:45+0000' | timeago}} • Webcast

$SNH said that 2Q16 recurring CapEx totaled $10.1MM and included $4.8MM at its MOBs for building improvements, $2.7MM on MOB tenant improvements and leasing costs, and $2.6MM at its managed senior living communities. The company also spent $10.8MM on development and redevelopment capital projects.

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