CNL Healthcare Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 10:30 pm IST
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CNL Healthcare Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 7.74 million compared to USD 6.84 million a year ago. Revenue was USD 74.18 million compared to USD 76.2 million a year ago. Net loss was USD 0.533 million compared to USD 1.74 million a year ago.
For the nine months, sales was USD 22.47 million compared to USD 21.78 million a year ago. Revenue was USD 219.6 million compared to USD 236.33 million a year ago. Net loss was USD 2.09 million compared to net income of USD 3.22 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. Basic loss per share was USD 0.01 compared to basic earnings per share of USD 0.02 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. 
