CNL Healthcare Properties, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 06:13 am EDT
Share
CNL Healthcare Properties, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 6.71 million compared to USD 7.46 million a year ago. Revenue was USD 81.04 million compared to USD 73.33 million a year ago. Net income was USD 0.001 million compared to USD 0.594 million a year ago.
For the six months, sales was USD 13.57 million compared to USD 14.74 million a year ago. Revenue was USD 159.64 million compared to USD 145.41 million a year ago. Net income was USD 4.3 million compared to net loss of USD 1.55 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 0.01 a year ago. Basic earnings per share was USD 0.02 compared to basic loss per share of USD 0.01 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. 
