Property Types Seniors Housing
Senior Housing Properties Announces Q1 Results
May 7, 2008

Senior Housing Properties Trust has announced its financial results for the quarter ended March 31, 2008. They are as follows: Net income was $23.3 million, or $0.26 per share, for the quarter ended March 31, 2008, compared to net income of $17.5 million, or $0.22 per share, for the quarter ended March 31, 2007. Net income for the quarter ended March 31, 2007, includes a loss of $2 million, or $0.02 per share, related to the early retirement of $20 million of its 8 5/8 percent senior notes due 2012. Funds from operations (FFO) for the quarter ended March 31, 2008, were $38.3 million, or $0.42 per share. This compares to FFO for the quarter ended March 31, 2007 of $31 million, or $0.38 per share. FFO for the quarter ended March 31, 2007, includes a cash loss of $1.8 million, or $0.02 per share, related to the early retirement of the senior notes due 2012 described above.

 
Recent Seniors Housing Headlines
Pair of Senior Housing Deals Total $122M
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Senior citizens naturally tend to slow down, but two new deals are further evidence that the senior housing sector is as active as ever.
Marsh’s Edge Sells for $56M in Georgia
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DC Officials Plan TIF Package for $260M Mixed-Use Project
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Roadside Development, the company behind the planned CityMarket at O mixed-use redevelopment endeavor, is on track to get a helping hand from the District of Columbia for the funding of the $260 million project.
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KeyBank Real Estate Capital closed three loans totaling $25 million for Emeritus Senior Living.
Freddie Mac Buys $140M in Seniors Housing Mortgages
June 20, 2008
Freddie Mac has announced the purchase of a $140 million pool of mortgages from Capmark Finance Inc.
 

 

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