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Ventas and New Senior announced the approval of their merger, with New Senior stockholders voting 99.8% in favor. The merger allows New Senior to operate as a subsidiary of Ventas. Under the agreement, New Senior stockholders will receive 0.1561 shares of Ventas stock for each share of New Senior common stock. The transaction is set to close on or around September 21, 2021. Additionally, Ventas stockholders of record as of October 1, 2021, will receive a $0.45 dividend per share on October 14, 2021.
New Senior Investment Group (NYSE: SNR) declared a cash dividend of $0.065 per share for the quarter ending June 30, 2021. This dividend is due for payment on October 14, 2021 to stockholders on record as of October 1, 2021. The synchronization of record and payment dates aligns with Ventas, as outlined in their merger agreement. New Senior operates a diversified portfolio of senior housing properties across 36 states, owning 103 properties in total.
New Senior Investment Group announced its Q2 2021 results, reporting a net loss of $13.3 million, or $(0.16) per diluted share, compared to a loss of $3.3 million in Q2 2020. Total net operating income was $29.4 million, with same-store cash NOI decreasing by 15.7% year-over-year. The company entered a merger agreement with Ventas, valued at approximately $2.3 billion, expected to close in H2 2021. Occupancy rates showed improvement, growing by 150 bps sequentially, and AFFO aligned with guidance at $11.3 million or $0.13 per diluted share.
New Senior Investment Group (NYSE: SNR) will announce its Q2 2021 financial results on July 30, 2021, prior to NYSE trading. This announcement follows its agreement to be acquired by Ventas, Inc., leading to the cancellation of quarterly earnings calls. New Senior is a major player in the senior housing sector with 103 properties across 36 states, focusing on providing senior housing solutions.
Ventas (NYSE: VTR) has announced its definitive merger agreement to acquire New Senior Investment Group (NYSE: SNR) for approximately $2.3 billion, inclusive of $1.5 billion in New Senior debt. Shareholders of New Senior will receive 0.1561 shares of Ventas stock per share of New Senior, valuing each share at about $9.10, representing a 31% equity premium. The transaction is projected to add $0.09 to $0.11 to Ventas's normalized funds from operations per share and aligns with upcoming senior housing market growth. The merger is set to close in H2 2021, subject to shareholder approval.
New Senior Investment Group announced participation in the Nareit REITweek 2021 Investor Conference from June 8-10, 2021. As a leading real estate investment trust, New Senior operates a diversified portfolio of senior housing properties across the U.S., owning 103 properties in 36 states. This event presents an opportunity for management to engage with investors and discuss the company's strategic vision and market position.
New Senior Investment Group reported a net loss of $7.6 million for Q1 2021, translating to $(0.09) per diluted share, compared to a profit of $5.2 million in Q1 2020. Same store cash NOI decreased by 16.0%, totaling $29.5 million. Adjusted Funds from Operations (AFFO) stood at $11.5 million, or $0.14 per diluted share. Occupancy trends showed improvement with April occupancy growing by 40bps. The company has declared a dividend of $0.065 per share for the quarter, payable on June 18, 2021.
New Senior Investment Group Inc. (SNR) will announce its Q1 2021 financial results on May 5, 2021, before the NYSE opens. A conference call will follow at 9:00 A.M. ET, accessible by phone or webcast for the public. The company manages 103 senior housing properties across 36 states, positioning itself as a significant player in the senior housing market. Stakeholders can access the financial results and additional insights on their website.
New Senior Investment Group Inc. (NYSE: SNR) released an update focusing on its recent occupancy performance and the COVID-19 situation in its communities. The company operates a diversified portfolio encompassing 103 senior housing properties across 36 states, making it one of the largest owners in this sector. The update can be accessed through their investor relations page. For more details about New Senior's operations and properties, visit www.newseniorinv.com.
New Senior Investment Group announced an "at-the-market" program allowing it to sell up to $100 million of common stock. Sales will occur under a Distribution Agreement with several financial institutions, using methods such as broker transactions on the NYSE. The proceeds are intended for general corporate purposes, including debt repayment and investment opportunities. The stock will be offered under a Registration Statement on Form S-3, with details available on the SEC's website. New Senior is a major owner of senior housing properties across the U.S., with 103 properties in 36 states.
