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$OHI said it has entered into a new $1.8Bil senior unsecured revolving and term loan credit facility, and an amended and restated $250MM senior unsecured term loan credit facility. $OMI also said its subsidiary OHI Healthcare Properties Limited Partnership entered into a new $100MM senior unsecured term loan credit facility.
$VNO announced inclusion of certain items to its 4Q17 financial results. These inclusion will result in a reduction in EPS of $0.20, after noncontrolling interests. On an FFO basis, these aggregate to a reduction of $0.18 per share, after noncontrolling interests, which will be included in total FFO.
$VNO announced inclusion of certain items in its 4Q17 financial results. Those include tax expense related to reduction of REIT subsidiaries deferred tax assets resulting from Tax Cuts and Jobs Act, expense from prepayment of 2.50% senior unsecured notes due 2019, and loss from other items, including real estate fund.
$EPR's Board of Trustees declared its monthly cash dividend of $0.36 per common share, payable on Feb. 15, 2018 to shareholders of record on Jan. 31, 2018. This dividend represents an annualized dividend of $4.32 per common share, an increase of nearly 6% over prior year.
Real estate investment trust $LTC has entered into a joint-venture with affiliates of Tealwood Senior Living and developer Tukka Properties to acquire land and develop Hamilton House, a $23MM living community in Cedarburg, Wisconsin. The complex is expected to be opened in spring 2019.
$LTC declared a monthly cash dividend on its common stock for 1Q18. The company declared a cash dividend of $0.19 per common share per month for January, February and March 2018, payable on Jan. 31, Feb. 28 and March 30, 2018, respectively, to stockholders of record on Jan. 23, Feb. 20 and March 22, 2018, respectively.
$EPR, a specialty real estate investment trust, said it completed redemption of all of its outstanding 6.625% series-F shares at a price of $25.3 per share. The aggregate redemption price of approximately $126.5MM was funded using the net proceeds of the offering of the company's 5.750% series-G shares.
$EPR declared quarterly dividends of $0.359375 per share on its 5.75% Series C Cumulative Convertible Preferred Shares, and $0.5625 per share on its 9.00% Series E Cumulative Convertible Preferred Shares. Both dividends are payable January 15, 2018 to shareholders of record on December 29, 2017.
$EPR declared a monthly cash dividend of $0.34 per common share, payable January 15, 2018 to shareholders of record on December 29, 2017. This dividend represents an annualized dividend of $4.08 per common share and an increase of 6.25% over the prior year.
$WRI declared a special cash dividend of $0.75 per common share payable on Dec 29, 2017 to shareholders as on Dec 26, 2017. The special dividend will consist primarily of gains on dispositions of properties. The company did not make any change in its policy with respect to regular quarterly dividends.
$VNO called for redemption all of its $200MM outstanding 6.625% Series G Cumulative Redeemable Preferred Shares and $150MM of its $270MM outstanding 6.625% Series I Cumulative Redeemable Preferred Shares on Jan. 4, 2018. The company will incur a charge of $11.1MM in 1Q18 from the write-off of issuance costs relating to the shares being redeemed.
$HR agreed to sell $300MM of 3.625% senior unsecured notes due January 2028 in an underwritten public offering. The offering is expected to close on Dec. 11, 2017. The estimated net proceeds are expected to be $294.7MM. The company expects to apply the net proceeds towards the redemption of 5.75% senior unsecured notes due 2021.
$EPR has priced an underwritten public offering of 6MM shares of its 5.75% Series G Cumulative Redeemable Preferred Shares at $25 per share. The offering is expected to close on Nov 30, 2017. Net proceeds will be used to redeem all of its 6.625% Series F Cumulative Redeemable Preferred Shares at an aggregate redemption price of $125MM.
$IRT entered into a seven-year, $100MM unsecured term loan agreement that will reach maturity in November 2024. The proceeds will reduce borrowings currently outstanding under the revolving portion of $IRT’s $300MM unsecured credit facility. The term loan bears interest at a spread over LIBOR, based on $IRT’s overall leverage.
$YUM has more than doubled its system sales since its spin-off from $PEP in 1997, growing operating profit more than six times and selling to nearly 60% of restaurants outside the US. In terms of the return, $YUM stated that a $10,000 investment in the company at the time of spin-off would be worth $170,000 currently.