$CCP (Care Capital Properties, Inc.)

$CCP {{ '2016-05-06T15:00:25+0000' | timeago}} • Webcast

$CCP, which is operating as an independent publicly traded company from August 2015, said that since the beginning of the year, the company has invested or agreed to invest a total of $34MM at an average yield of 9.6%. Upon completion of the previously mentioned purchase options, the company will have disposed 14 properties.

$CCP {{ '2017-05-09T14:47:28+0000' | timeago}} • Announcement

At 1Q17 end, $CCP had $514MM of available borrowing capacity under its revolver, with $64MM in cash held in an Internal Revenue Code Section 1031 exchange escrow account used to fund a portion of the behavioral health hospital acquisition. CCP’s weighted average interest rate as of March 31, 2017 was approximately 3.8%.

$CCP {{ '2017-05-09T14:45:48+0000' | timeago}} • Announcement

$CCP's net attributable income for 1Q17 more than doubled to $65MM or $0.77 per diluted share, from last year's $30MM or $0.35 per share. Total revenues inched down to $82.8MM from $84.5MM, while normalized FFO was $57MM or $0.68 per diluted share. During the quarter, CCP invested $8MM through acquisitions and redevelopment at an avg yield of 8.1%.

$SBRA {{ '2017-05-08T13:13:13+0000' | timeago}} • Announcement

$SBRA $SBRAP to acquire $CCP. Upon closing of merger, $SBRA shareholders are expected to own approx. 41% and the former $CCP shareholders are expected to own approx. 59% of the combined company. The current management of $SBRA will lead the combined company, with Rick Matros as Chairman and CEO, Harold Andrews as CFO and Talya Nevo-Hacohen as CIO.

$SBRA {{ '2017-05-08T13:11:20+0000' | timeago}} • Announcement

$SBRA $SBRAP to acquire $CCP. Under the terms of the agreement, $CCP shareholders will receive 1.123 shares of $SBRA $SBRAP common stock for each share of $CCP common stock they own. The combined company is expected to have a pro forma total market capitalization of approx. $7.4Bil. The transaction is expected to close during 3Q17.

$CCP {{ '2017-04-11T12:57:50+0000' | timeago}} • Announcement

$CCP agreed to buy 6 behavioral health hospitals in sale-leaseback transaction for $400MM and to fund up to $50MM in capital expenditures to finance expansion and improvements in the portfolio. Upon completion of transaction, which is expected to occur in 2Q17, $CCP will lease properties to affiliates of Signature on a 10-year triple-net basis.

$CCP {{ '2016-11-10T18:09:17+0000' | timeago}} • Webcast

$CCP expects operating margins to be under pressure in the near term. This will be due to the slower revenue growth and shorter lengths of stay, higher expenses from wage and staffing pressures, and the cost of regulatory and legal proceedings.

$CCP {{ '2016-11-10T17:57:53+0000' | timeago}} • Webcast

$CCP, which is currently in its second year as an stand-alone entity, stated that as of August end, the company's transition services agreement with $VTR has ended. Earlier in August 2015, $CCP became a stand-alone public company as it was spun off from $VTR.

$CCP {{ '2016-11-10T13:38:15+0000' | timeago}} • Announcement

Following 3Q16 end, $CCP agreed to acquire 5 skilled nursing facilities and 3 senior housing communities for $39MM in a sale leaseback deal with an existing customer. This deal is expected to close before the end of 2016. The company also agreed to sell a total of 23 properties in two separate transactions for total proceeds of approx. $151MM.

$CCP {{ '2016-11-10T13:32:53+0000' | timeago}} • Announcement

$CCP lifted its 2016 normalized funds from operations (NFFO) outlook to $3.00-3.04 per diluted share, from the prior range of $2.92-2.98 per diluted share. FFO, as defined by National Association of Real Estate Investment Trusts (NAREIT), is expected to be $2.85-2.89 per diluted share.

$CCP {{ '2016-11-10T13:25:33+0000' | timeago}} • Announcement

$CCP's normalized funds from operations for 3Q16 was $63MM or $0.75 per diluted share, compared to $70MM or $0.84 per diluted share, in the prior year quarter. The decrease was a result of higher interest expense in the just completed quarter.

$CCP {{ '2016-11-10T13:11:24+0000' | timeago}} • Announcement

$CCP, which was formed by the spin-off of $VTR in August 2015, reported a lower profit in 3Q16, hurt by higher expenses. Net income was $19MM or $0.23 per diluted share compared with $36MM or $0.43 per diluted share in the prior year quarter. However, revenue increased 6% to $87.3MM.

$CCP {{ '2016-08-11T15:05:10+0000' | timeago}} • Webcast

Richard Anderson of Mizuho Securities asks for an update on the pipeline. $CCP said the pipeline remains consistent in the $0.75-1Bil range. The company has opportunities to work on this and also has a deal flow ahead of it.

$CCP {{ '2016-08-11T14:56:08+0000' | timeago}} • Webcast

Kevin Tyler of Green Street Advisors asks about optimization activities. $CCP said there will be a $10MM impact to rents from the pushback of optimization activities. The company is trying to optimize the portfolio and maximize cash flow while also trying to make the best decisions and work with tenants on the portfolio.

$CCP {{ '2016-08-11T14:40:39+0000' | timeago}} • Webcast

$CCP said cash net operating income for 328 same store properties increased 2.4% for 2Q16 compared to 2Q15. Excluding the transition of the 14-property portfolio in March, quarterly same-store cash NOI for the remaining 314 properties increased 3.6% YoverY. $CCP has 16 redevelopment and development projects underway or approved totaling $118MM.

$CCP {{ '2016-08-11T14:31:18+0000' | timeago}} • Webcast

$CCP said it is seeing good Medicaid rate increases in many states, which are averaging around 2%. The company's portfolio is diversified with its operators getting half of their revenues from Medicare commercial insurance and half from Medicaid. So the reimbursement outlook over the next year is looking positive for operators.

$CCP {{ '2016-08-11T14:13:31+0000' | timeago}} • Webcast

Chicago, Illinois-based company $CCP said in 2Q16, it made progress on its strategic priorities of making value-enhancing investments, migrating to a permanent capital structure, portfolio optimization and building infrastructure. The company paid a quarterly dividend of $0.57 per share, representing a payout ratio of 72%.

$CCP {{ '2016-08-11T12:14:27+0000' | timeago}} • Announcement

$CCP raised its 2016 normalized FFO guidance range to $2.92-$2.98 per share from its prior outlook of $2.85-$2.95 per share. The 2016 NAREIT FFO range is now expected to be between $2.85-$2.91 per share. $CCP attributed the improved outlook to its revised timing in regards to portfolio optimization activities, resulting in higher rental income.

$CCP {{ '2016-08-11T12:10:06+0000' | timeago}} • Announcement

Healthcare REIT $CCP, focused on the post-acute sector, reported a 2Q16 normalized funds from operations (NFFO) of $66MM, or $0.79 per share, compared to $73MM, or $0.87 per share a year ago. The reduction year-over-year is primarily attributable to interest expense, as the company had no debt prior to its spin-off, $CCP said.

$CCP {{ '2016-08-11T12:02:43+0000' | timeago}} • Announcement

Healthcare real-estate investment trust $CCP reported a lower quarterly profit, hurt by a $10.87MM interest expense. The company reported 2Q16 earnings of $37MM, or $0.44 per share, slightly down from $38MM, or $0.45 per share a year ago. Revenue rose to $85.66MM.

$CCP {{ '2016-07-08T05:22:36+0000' | timeago}} • Announcement

$CCP said Care Capital LP intends to use net proceeds from the offering to repay all of its debt outstanding under and terminate its $600MM term loan under its credit and guaranty agreement and a portion of the debt outstanding under its $800MM term loan under its credit and guaranty agreement.

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