New Senior Investment Group (SNR) Tops Q2 EPS by 10c, Revenues Beat

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New Senior Announces Second Quarter 2020 Results

August 7, 2020 7:30 AM EDT

NEW YORK--(BUSINESS WIRE)-- New Senior Investment Group Inc. (New Senior or the Company) (NYSE: SNR) announced today its results for the quarter ended June 30, 2020.

SECOND QUARTER 2020 FINANCIAL HIGHLIGHTS

Net loss of $3.3 million, or $(0.04) per diluted share Total net operating income (NOI) of $35.8 million Total same store cash NOI decreased 3.1% versus second quarter 2019 Cash interest expense declined $3.3 million, or 18%, versus first quarter 2020 Normalized Funds from Operations (Normalized FFO) of $14.3 million, or $0.17 per diluted share Adjusted Funds from Operations (AFFO) of $16.1 million, or $0.19 per... More