CNL Healthcare Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 03:01 pm EST
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CNL Healthcare Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 6.67 million compared to USD 7.74 million a year ago. Revenue was USD 81.49 million compared to USD 74.18 million a year ago. Net income was USD 0.322 million compared to net loss of USD 0.533 million a year ago.
For the nine months, sales was USD 20.24 million compared to USD 22.47 million a year ago. Revenue was USD 241.13 million compared to USD 219.6 million a year ago. Net income was USD 4.63 million compared to net loss of USD 2.09 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 0.03 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. 
