Cnl Healthcare Properties, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 08:30 pm
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CNL Healthcare Properties, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 76.200 million compared to USD 82.751 million a year ago. Operating income was USD 2.914 million compared to USD 13.380 million a year ago. Net loss was USD 1.738 million compared to net income of USD 5.454 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. For the nine months, total revenue was USD 236.334 million compared to USD 244.222 million a year ago. Operating income was USD 21.336 million compared to USD 31.675 million a year ago. Net income was USD 3.224 million compared to USD 343.626 million a year ago. Basic earnings per share from continuing operations was USD 0.02.
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. 
