Senior Housing Properties Trust (SNH) Tops Q3 EPS by 7c, Revenues Miss

Senior Housing Properties Trust (NASDAQ: SNH) reported Q3 EPS of $0.19, $0.07 better than the analyst estimate of $0.12. Revenue for the quarter came in at $278.97 million versus the consensus estimate of $279.2 million.

“Our consolidated portfolio of diverse healthcare properties once again produced stable results this quarter, with a 0.3% increase in consolidated same property Cash Basis NOI during the quarter,” stated Jennifer Francis, President and Chief Operating Officer. “Our medical office and life science portfolios produced the strongest results, with same property Cash Basis NOI growing 2.4% during the quarter. Within our managed senior living portfolio, same property occupancy also increased 50 basis points to 86.3% during the quarter. Although we did not acquire any additional medical office or life science properties during the third quarter, we still have ample borrowing capacity to pursue our strategy of growing this segment of our portfolio.”

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

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