CNL Healthcare Properties, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 11:11 pm IST
Share
CNL Healthcare Properties, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 73.329 million compared to USD 78.391 million a year ago. Operating income was USD 4.175 million compared to USD 6.598 million a year ago. Net income was USD 594,000 compared to USD 220,000 a year ago. For the half year, total revenue was USD 145.412 million compared to USD 160.135 million a year ago. Operating income was USD 5.979 million compared to USD 18.379 million a year ago. Net loss was USD 1.553 million compared to net income of USD 4.962 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 0.03 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. 
