Cnl Healthcare Properties, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 15, 2021 at 05:23 pm EDT
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CNL Healthcare Properties, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 307.141 million compared to USD 326.130 million a year ago. Operating income was USD 21.735 million compared to USD 41.633 million a year ago. Net income was USD 3.912 million compared to USD 351.496 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to 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. 
