Care Capital Properties Reports Third Quarter 2016 Results
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Ventas (VTR), Kindred Healthcare (KND) Enter Expanded Partnership; Includes Acquisitions, Lease Extensions
November 14, 2016 7:00 AM ESTVentas, Inc. (NYSE: VTR) announced that it has reached mutually beneficial agreements with Kindred Healthcare, Inc. (NYSE: KND) that further enhance the companies longstanding relationship and improve both businesses. The agreements:
1. provide that Kindred will either acquire all 36 skilled nursing facilities (SNFs) owned by Ventas and operated by Kindred for $700 million, a 7% yield on current cash rent, in connection with Kindreds previously announced plan to exit its SNF business, or renew the current lease on all unpurchased SNFs through 2025 at the current... More
Care Capital Properties (CCP) Tops Q3 FFO by 5c
November 10, 2016 8:28 AM ESTCare Capital Properties (NYSE: CCP) reported Q3 FFO of $0.75, $0.05 better than the analyst estimate of $0.70. Revenue for the quarter came in at $0 versus the consensus estimate of $79.99 million.
GUIDANCE:
Care Capital Properties sees FY2016 FFO of $3.00 - $3.04, versus prior... More
