New Senior Investment Group (SNR) Tops Q2 EPS by 19c, Miss on Revenues

New Senior Investment Group (NYSE: SNR) reported Q2 EPS of $0.04, $0.19 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $114.29 million versus the consensus estimate of $116.3 million.

SECOND QUARTER 2017 FINANCIAL HIGHLIGHTS

• Declared cash dividend of $0.26 per common share
• Net income of $3.1 million, or $0.04 per diluted share
• Total net operating income (“NOI”) of $55.6 million
• Normalized Funds from Operations (“Normalized FFO”) of $24.4 million, or $0.29 per diluted share
• AFFO of $22.2 million, or $0.27 per diluted share
• Normalized Funds Available for Distribution (“Normalized FAD”) of $20.3 million, or $0.25 per diluted share

SECOND QUARTER 2017 BUSINESS HIGHLIGHTS

• Total same store cash NOI decreased 1.7% vs. 2Q’16
• Managed same store cash NOI decreased 6.5% vs. 2Q’16
• Triple net same store cash NOI increased 4.3% vs. 2Q’16
• Transitioned 4 underperforming properties to 2 operators
• Sold 2 properties for $33.0 million, realizing a gain on sale of $18.3 million

For earnings history and earnings-related data on New Senior Investment Group (SNR) click here.

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