Cnl Healthcare Properties, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 06:21 pm
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CNL Healthcare Properties, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 77.995 million compared to USD 80.147 million a year ago. Operating income was USD 6.647 million compared to USD 6.358 million a year ago. Net income was USD 220,000 compared to USD 328.272 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.03 a year ago. For the half year, total revenue was USD 159.365 million compared to USD 160.345 million a year ago. Operating income was USD 18.172 million compared to USD 17.187 million a year ago. Net income was USD 4.962 million compared to USD 338.172 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.03 a year ago.
CNL Healthcare Properties, Inc. is a real estate investment trust (REIT). The Company operates through a single segment, real estate ownership, which consists of owning, managing, leasing, acquiring, developing, investing in, and as conditions warrant, disposing of real estate assets. The Companyâs seniors housing investment portfolio consisted of interests in 70 properties, consisting of a geographically diversified portfolio of 69 seniors housing communities and one vacant land parcel. The types of seniors housing properties that the Company owns include independent and assisted living facilities, continuing care retirement communities and Alzheimerâs/memory care facilities. It has primarily leased its seniors housing properties to wholly owned CHP TRS Holding, Inc. (TRS) entities and engaged independent third-party managers to operate the properties. It is externally managed and advised by CNL Healthcare Corp.
CNL HEALTHCARE PROPERTIES, INC. 
