Senior Housing Properties Trust (SNH) Misses Q3 FFO by 1c

Senior Housing Properties Trust (NASDAQ: SNH) reported Q3 FFO of $0.45, $0.01 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $263.98 million versus the consensus estimate of $264.26 million.

“During the third quarter we continued to focus on managing our portfolio and balance sheet,” said David Hegarty, President and Chief Operating Officer. “We sold $20.4 million of properties during the quarter; subsequent to the quarter end, we acquired a MOB for $18.5 million and agreed to acquire two assisted living communities for $18.6 million. In July 2016, we completed $620.0 million of secured financing at an attractive 10 year, interest only rate of 3.53% per annum.”

For earnings history and earnings-related data on Senior Housing Properties Trust (SNH) click here.

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