Senior Housing Properties Trust Announces Third Quarter 2017 Results
SENIOR HOUSING PROPERTIES (SNH)
Last senior housing properties earnings: 11/7 07:00 am
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US:NYSE Investor Relations:
snhreit.com/investors/default.aspx
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Source: Business Wire
Third Quarter Net Income Attributable to Common Shareholders of $0.14 Per Share Third Quarter Normalized FFO of $0.44 Per Share NEWTON, Mass.--(BUSINESS WIRE)-- Senior Housing Properties Trust (Nasdaq: SNH) today announced its financial results for the quarter and nine months ended September 30, 2017. “Operating results were stable during the quarter with Normalized FFO of $0.44 per share and consolidated same property Cash Basis NOI growth of 0.5%,” said David Hegarty, President and Chief Operating Officer. “We continue to reinvest the proceeds we realized earlier this year from the sale to a sovereign investor of a noncontrolling interest in our life science property leased to Vertex Pharmaceuticals in Boston. During the quarter, we purchased one medical office building for $16 million and subsequent to quarter end we acquired or entered agreements to acquire an additional four med
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