bulogna
Forumer storico
Condivido aspetta un attimo per vedere dove vogliono arrivare.
Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa
NoWay
It's time to play the game
Mail dell'IR di Regional Health... magari interessa...
Regional Health Properties Reports Third Quarter 2017 Financial Results
ATLANTA, Nov. 9, 2017 /PRNewswire/ -- Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHEpA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, today reported results for the three and nine months ended September 30, 2017.
Business Update
"In order to conserve cash while working towards a settlement, the Board has voted to postpone the payment of the fourth quarter dividend on the Series A Preferred Stock at this time," added Morrison. "The Board will revisit the dividend payment in the first quarter 2018 board meeting. The dividend suspension will allow the Company to pay outstanding vendors and fund ongoing legal expenses and settlement payments. Furthermore, the dividend suspension does not trigger a default under its outstanding indebtedness."
Management periodically monitors a number of facility performance metrics, including rent coverages both before and after management fees. In the third quarter of 2017, the Company's portfolio rent coverage before management fees was 1.45x (as compared with 1.53x in the third quarter of 2016) and rent coverage after management fees was 1.05x (as compared with 1.12x in the third quarter of 2016). Occupancy and skilled mix for the Company's portfolio were 84.0% and 28.8% for the third quarter of 2017, respectively, compared to 82.6% and 23.7% for the third quarter of 2016, respectively.
"The underlying performance metrics of our operators remains strong with continued year-over-year improvements in key operating metrics such as occupancy and mix, providing an encouraging underpinning for the Company and its portfolio, however, a modest decline in rent coverage ratios was observed for the current quarter when compared to the year-over-year quarter, caused, in part, by flat facility profitability compared to escalating rent payments." added Mr. Morrison. "Going forward our focus is to resolve our legacy issues and get back to the original strategic focus of the Company to own and acquire healthcare real estate facilities."
Summary of Financial Results for the Three and Nine Months Ended September 30, 2017
Total revenues in the third quarter of 2017 were $6.3 million, down 11.4% from $7.2 million in the third quarter of 2016. Total revenues for the nine months ended September 30, 2017, decreased by 12.3% to $18.8 million from $21.4 million for the nine months ended September 30, 2016. The decrease reflects lower rent due to the sale of the Arkansas facilities on October 6, 2016, partially off-set by lease revenue from the Meadowood facility (acquired on May 1, 2017) and the Peach facilities. The Company generally recognizes all rental revenues on a straight-line rent accrual basis.
General and administrative costs decreased by $0.5 million, or 33.5%, to $1.1 million for the three months ended September 30, 2017, compared with $1.6 million for the same period in 2016. For the three months ended September 30, 2017 and 2016, general and administrative costs include stock-based compensation expense, net of restricted stock and warrant forfeitures. General and administrative costs for the nine months ended September 30, 2017 decreased by approximately $2.8 million, or 44.1%, to $3.5 million, compared with $6.3 million for the same period in 2016. For the nine months ended September 30, 2017 and 2016, general and administrative costs include $0.3 million and $0.9 million, respectively, of stock-based compensation expense.
Interest expense decreased by $0.8 million, or 43.9%, to $1.0 million for the third quarter of 2017 compared with $1.8 million for the same period in 2016. Interest expense for the nine months ended September 30, 2017, decreased by approximately $2.3 million, or 43.3%, to $3.0 million compared with $5.4 million for the same period in 2016. The decrease is mainly due to the repayment of $36.0 million of debt in connection with the sale of nine Arkansas facilities in October 2016 and a $7.7 million combined principal repayment of convertible debt on January 10, 2017 and April 30, 2017, partially offset by $4.1 million in new mortgage debt financing for the Meadowood facility.
The loss from discontinued operations, net of tax for the third quarter of 2017 was $1.0 million compared with $2.2 million for the prior year period. Year-to-date the loss from discontinued operations, net of tax, was $2.0 million compared with $6.5 million for the prior year period. Losses in the three and nine month periods ended September 30, 2017, were lower compared with the prior year periods primarily due to lower bad debt expense.
Net loss attributable to Regional Health Properties, Inc.'s common stockholders in the third quarter of 2017 was $2.7 million, or $0.13 per basic and diluted share, compared with $3.9 million, or $0.19 per basic and diluted share, for the third quarter of 2016. For the nine months ended September 30, 2017, the net loss attributable to Regional Health Properties, Inc.'s common stockholders was $7.4 million, or $0.37 per basic and diluted share, compared with a net loss of $14.4 million, or $0.72 per basic and diluted share, in the year ago period.
Cash and cash equivalents at September 30, 2017, totaled $1.1 million compared with $14.0 million at December 31, 2016. Restricted cash and investments at September 30, 2017, totaled $3.5 million compared with $5.5 million at December 31, 2016. Total debt outstanding at September 30, 2017 totaled $73.8 million compared with $80.0 million at December 31, 2016 (net of $2.1 million and $2.2 million of deferred financing costs at September 30, 2017 and December 31, 2016, respectively).
Conference Call and Webcast
Regional Health will hold a conference call to provide a business update and discuss its third quarter 2017 results on Thursday, November 9, 2017 at 4:30 p.m. ET.
Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHEpA) is the successor to AdCare Health Systems, Inc., and is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions. Regional Health Properties currently owns, leases or manages for third parties 30 facilities.
For more information, visit www.regionalhealthproperties.com.
Regional Health Properties Reports Third Quarter 2017 Financial Results
ATLANTA, Nov. 9, 2017 /PRNewswire/ -- Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHEpA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term care, today reported results for the three and nine months ended September 30, 2017.
Business Update
- Appointed Brent Morrison, a director of the Company, to serve as its interim Chief Executive Officer
- Appointed E. Clinton Cain, the Company's Senior Vice President, Chief Accounting Officer and Controller, to serve as its interim Chief Financial Officer
- Established a Strategic Finance Committee of the Board to assist and advise Messrs. Morrison and Cain with respect to financial strategy
- Commenced a search for a new Chief Executive Officer and Chief Financial Officer, with Mr. Cain being considered for the Chief Financial Officer position
- Successfully completed the merger with its former parent, AdCare Health Systems, Inc.
- Suspends quarterly dividend on Series A Preferred Stock beginning in the fourth quarter of 2017 in order to relieve cash flow constraints
"In order to conserve cash while working towards a settlement, the Board has voted to postpone the payment of the fourth quarter dividend on the Series A Preferred Stock at this time," added Morrison. "The Board will revisit the dividend payment in the first quarter 2018 board meeting. The dividend suspension will allow the Company to pay outstanding vendors and fund ongoing legal expenses and settlement payments. Furthermore, the dividend suspension does not trigger a default under its outstanding indebtedness."
Management periodically monitors a number of facility performance metrics, including rent coverages both before and after management fees. In the third quarter of 2017, the Company's portfolio rent coverage before management fees was 1.45x (as compared with 1.53x in the third quarter of 2016) and rent coverage after management fees was 1.05x (as compared with 1.12x in the third quarter of 2016). Occupancy and skilled mix for the Company's portfolio were 84.0% and 28.8% for the third quarter of 2017, respectively, compared to 82.6% and 23.7% for the third quarter of 2016, respectively.
"The underlying performance metrics of our operators remains strong with continued year-over-year improvements in key operating metrics such as occupancy and mix, providing an encouraging underpinning for the Company and its portfolio, however, a modest decline in rent coverage ratios was observed for the current quarter when compared to the year-over-year quarter, caused, in part, by flat facility profitability compared to escalating rent payments." added Mr. Morrison. "Going forward our focus is to resolve our legacy issues and get back to the original strategic focus of the Company to own and acquire healthcare real estate facilities."
Summary of Financial Results for the Three and Nine Months Ended September 30, 2017
Total revenues in the third quarter of 2017 were $6.3 million, down 11.4% from $7.2 million in the third quarter of 2016. Total revenues for the nine months ended September 30, 2017, decreased by 12.3% to $18.8 million from $21.4 million for the nine months ended September 30, 2016. The decrease reflects lower rent due to the sale of the Arkansas facilities on October 6, 2016, partially off-set by lease revenue from the Meadowood facility (acquired on May 1, 2017) and the Peach facilities. The Company generally recognizes all rental revenues on a straight-line rent accrual basis.
General and administrative costs decreased by $0.5 million, or 33.5%, to $1.1 million for the three months ended September 30, 2017, compared with $1.6 million for the same period in 2016. For the three months ended September 30, 2017 and 2016, general and administrative costs include stock-based compensation expense, net of restricted stock and warrant forfeitures. General and administrative costs for the nine months ended September 30, 2017 decreased by approximately $2.8 million, or 44.1%, to $3.5 million, compared with $6.3 million for the same period in 2016. For the nine months ended September 30, 2017 and 2016, general and administrative costs include $0.3 million and $0.9 million, respectively, of stock-based compensation expense.
Interest expense decreased by $0.8 million, or 43.9%, to $1.0 million for the third quarter of 2017 compared with $1.8 million for the same period in 2016. Interest expense for the nine months ended September 30, 2017, decreased by approximately $2.3 million, or 43.3%, to $3.0 million compared with $5.4 million for the same period in 2016. The decrease is mainly due to the repayment of $36.0 million of debt in connection with the sale of nine Arkansas facilities in October 2016 and a $7.7 million combined principal repayment of convertible debt on January 10, 2017 and April 30, 2017, partially offset by $4.1 million in new mortgage debt financing for the Meadowood facility.
The loss from discontinued operations, net of tax for the third quarter of 2017 was $1.0 million compared with $2.2 million for the prior year period. Year-to-date the loss from discontinued operations, net of tax, was $2.0 million compared with $6.5 million for the prior year period. Losses in the three and nine month periods ended September 30, 2017, were lower compared with the prior year periods primarily due to lower bad debt expense.
Net loss attributable to Regional Health Properties, Inc.'s common stockholders in the third quarter of 2017 was $2.7 million, or $0.13 per basic and diluted share, compared with $3.9 million, or $0.19 per basic and diluted share, for the third quarter of 2016. For the nine months ended September 30, 2017, the net loss attributable to Regional Health Properties, Inc.'s common stockholders was $7.4 million, or $0.37 per basic and diluted share, compared with a net loss of $14.4 million, or $0.72 per basic and diluted share, in the year ago period.
Cash and cash equivalents at September 30, 2017, totaled $1.1 million compared with $14.0 million at December 31, 2016. Restricted cash and investments at September 30, 2017, totaled $3.5 million compared with $5.5 million at December 31, 2016. Total debt outstanding at September 30, 2017 totaled $73.8 million compared with $80.0 million at December 31, 2016 (net of $2.1 million and $2.2 million of deferred financing costs at September 30, 2017 and December 31, 2016, respectively).
Conference Call and Webcast
Regional Health will hold a conference call to provide a business update and discuss its third quarter 2017 results on Thursday, November 9, 2017 at 4:30 p.m. ET.
- Date and time: Thursday, November 9, 2017 at 4:30 p.m. ET
- Dial-in number: 1-877-888-4294 (domestic) or 1-785-424-1877 (international)
- Please reference confirmation code: HEALTHQ3
- Replay number: Dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international). Please use passcode 125781 to access the replay. The replay will be available until November 16, 2017.
- Webcast link: ViaVid Audio Event
Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHEpA) is the successor to AdCare Health Systems, Inc., and is a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare through facility lease and sub-lease transactions. Regional Health Properties currently owns, leases or manages for third parties 30 facilities.
For more information, visit www.regionalhealthproperties.com.
angy2008
Forumer storico
interessante, dopo anni che prendono per i fondelli con le loro fandonie sul business che farà successo e intanto sperperavano soldi, ora sospendono pure i dividendi che in realtà non han mai pagato essendo rimborsi di capitale, avessero cominciato a ridurre le cariche e gli stipendi forse cominciava a fruttare qualcosa.
NoWay
It's time to play the game
Forse ne potrebbero beneficiare anche i due Trusts...
J.C. Penney vola +34% dopo bilancio, fatturato e vendite comparate battono le attese
Boom per la quotazioni di JC Penney, che hanno avviato la sessione di Wall Street con un balzo del 34%. Alle 15.45 il titolo rallenta, segnando un rally ancora corposo del 19% circa, a 3,26 dollari. Il retailer Usa ha diffuso i risultati di bilancio relativi al terzo trimestre, che hanno messo in evidenza un fatturato e una crescita delle vendite su base comparata migliori delle stime. Il gruppo ha chiuso il trimestre con una perdita di bilancio di $128 milioni, o 41 centesimi per azione, cresciuta rispetto al rosso di $67 milioni, o 22 centesimi per azione, dello stesso periodo dello scorso anno. Su base adjusted, la perdita è stata di 33 centesimi per azione, meglio comunque della perdita di 42 centesimi per azione attesa dagli analisti di FactSet. JC Penney ha motivato la perdita con l'aumento dei costi e gli oneri di ristrutturazione legati alla chiusura dei negozi. In calo anche il fatturato, pari a $2,81 miliardi dai $2,86 miliardi del terzo trimestre del 2016, ma meglio dei $2,78 miliardi attesi dal consensus. La flessione del giro d'affari è stata spiegata con la chiusura di 139 punti vendita. Le vendite su base comparata sono salite dell'1,7%, meglio del +0,6% stimato. Negli ultimi tre mesi le quotazioni di JC Penney hanno perso il 41,6%, scivolando del 68,8% nell'ultimo anno.
J.C. Penney vola +34% dopo bilancio, fatturato e vendite comparate battono le attese
Boom per la quotazioni di JC Penney, che hanno avviato la sessione di Wall Street con un balzo del 34%. Alle 15.45 il titolo rallenta, segnando un rally ancora corposo del 19% circa, a 3,26 dollari. Il retailer Usa ha diffuso i risultati di bilancio relativi al terzo trimestre, che hanno messo in evidenza un fatturato e una crescita delle vendite su base comparata migliori delle stime. Il gruppo ha chiuso il trimestre con una perdita di bilancio di $128 milioni, o 41 centesimi per azione, cresciuta rispetto al rosso di $67 milioni, o 22 centesimi per azione, dello stesso periodo dello scorso anno. Su base adjusted, la perdita è stata di 33 centesimi per azione, meglio comunque della perdita di 42 centesimi per azione attesa dagli analisti di FactSet. JC Penney ha motivato la perdita con l'aumento dei costi e gli oneri di ristrutturazione legati alla chiusura dei negozi. In calo anche il fatturato, pari a $2,81 miliardi dai $2,86 miliardi del terzo trimestre del 2016, ma meglio dei $2,78 miliardi attesi dal consensus. La flessione del giro d'affari è stata spiegata con la chiusura di 139 punti vendita. Le vendite su base comparata sono salite dell'1,7%, meglio del +0,6% stimato. Negli ultimi tre mesi le quotazioni di JC Penney hanno perso il 41,6%, scivolando del 68,8% nell'ultimo anno.
bulogna
Forumer storico
Luca_niubbo
Forumer storico
sto cercando di comprare con binck Colony Northstar 7.125% -J- Pref Perp (US19625W8644), ma sembra tutto immobile..
NoWay
It's time to play the game
L'America apre alle 15.30...
Buongiorno a tutti,
ho deciso di iscrivermi solo ora anche se vi seguo ormai con grande interesse da molto tempo..........
Mi sto avvicinando piano piano alle preferred shares cercando di capire i vari meccanismi di questo strumento.
A questo proposito volevo un vostro parere su questa che ho trovato ( fra le altre ) e che mi sembra abbastanza interessante, ho cercato più informazioni possibili e ho visto che è callable ma non ho capito quando.
Forse ogni anno al 30 giugno?
Chiedo scusa se magari è già stata trattata......
OXFORD LANE CAPITAL CORP. 7,50% SERIES 2023 - ISIN: US6915433006
GRAZIE!
ho deciso di iscrivermi solo ora anche se vi seguo ormai con grande interesse da molto tempo..........
Mi sto avvicinando piano piano alle preferred shares cercando di capire i vari meccanismi di questo strumento.
A questo proposito volevo un vostro parere su questa che ho trovato ( fra le altre ) e che mi sembra abbastanza interessante, ho cercato più informazioni possibili e ho visto che è callable ma non ho capito quando.
Forse ogni anno al 30 giugno?
Chiedo scusa se magari è già stata trattata......
OXFORD LANE CAPITAL CORP. 7,50% SERIES 2023 - ISIN: US6915433006
GRAZIE!
Grazie Fabrib, l'avevo già visto ma siccome per me è tutto nuovo non capisco se è callable ogni anno al 30 giugno.
Al di la di questo mi pare di capire che se dovesse essere richiamata paga 25$ + dividendo giusto?
Ora quota appena sopra 25$, è troppo rischioso prenderla ora?
So che sarebbe meglio sotto 25$ ma, se non ho visto male, sembra non ci sia mai andata.....
