Welcome to our dedicated page for SNR news (Ticker: SNR), a resource for investors and traders seeking the latest updates and insights on SNR stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SNR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SNR's position in the market.
Atria Senior Living has expanded its U.S. operations by taking over management of 21 independent living communities from New Senior Investment Group (NYSE: SNR). These communities are spread across nine states and emphasize Atria's aim to grow in the moderately priced senior living segment. The transition is expected to be complete by April 2021. Atria's management team, led by Kristy Grange, plans to implement successful strategies from their existing portfolio, increasing value for both companies and enhancing community offerings for seniors.
New Senior Investment Group reported a net loss of $6.2 million for 2020, translating to $(0.08) per diluted share. Total net operating income (NOI) was $138.2 million, with a 5.1% decline in same store cash NOI. For Q4 2020, the company declared a dividend of $0.065, with a net loss of $3.8 million or $(0.05) per share. Despite challenges from COVID-19, New Senior executed its Assisted Living/Memory Care portfolio sale for $385 million and established a strategic partnership with Atria Senior Living to enhance operational diversification and management.
New Senior Investment Group (NYSE: SNR) will release its Q4 and full-year financial results for 2020 on February 25, 2021, before market opening. Following the release, a conference call is scheduled for the same day at 9:00 AM ET, accessible via phone and webcast. New Senior operates 103 senior housing properties across 36 states, highlighting its position as a leading owner in the sector. For further details, visit www.newseniorinv.com.
New Senior Investment Group Inc. (NYSE: SNR) announced the tax treatment for its 2020 stock distributions. Common stock dividends totaled $0.325 per share, classified as a return of capital. The dividends were issued on four dates: March 27, June 19, September 18, and December 18. The Series A Preferred Stock distributions amounted to $7.27 per share, also considered a return of capital, paid on five occasions. Shareholders are advised to consult tax advisors regarding the implications of these distributions.
New Senior Investment Group has elected Frances Aldrich Sevilla-Sacasa, former CEO of Banco Itaú International, as an independent director to its Board, effective immediately. President & CEO Susan Givens expressed confidence in Sevilla-Sacasa's ability to add significant value, citing her extensive experience in real estate, financial services, and public company governance. Sevilla-Sacasa has held key roles in various financial institutions and currently serves on the boards of Camden Property Trust and Callon Petroleum Company.
New Senior Investment Group Inc. (NYSE: SNR) announced its participation in two upcoming conferences: the Capital One Securities Inaugural REIT Conference on January 11-12, 2021, and the Stifel 2021 Seniors Housing and Healthcare Real Estate Conference on January 19, 2021. New Senior is a major player in senior housing, owning 103 properties across 36 states in the U.S. This engagement highlights the company's commitment to connecting with investors and stakeholders in the real estate investment trust sector.
New Senior Investment Group (NYSE: SNR) has appointed Norman K. Jenkins as an independent director to its Board of Directors, effective immediately. Jenkins is the President and CEO of Capstone Development and brings substantial knowledge in real estate, hospitality, and finance. His experience includes 16 years at Marriott International, where he advanced diversity within the company. New Senior operates a diversified portfolio of 103 senior housing properties across 36 states, aiming to leverage Jenkins' expertise for strategic growth.
New Senior Investment Group Inc. (NYSE: SNR) announced participation in the NAREIT REITworld 2020 Investor Conference on November 17-19, 2020. The company reported October 2020 occupancy at 83.1%, a slight decline of 20bps from September, but better than the expected 40bps drop. This positive performance was attributed to stronger-than-anticipated move-in volumes at month-end. Additionally, CEO Susan Givens was elected to NAREIT's 2021 Executive Board, enhancing company leadership visibility.
New Senior Investment Group reported a net loss of $4.4 million or $(0.05) per diluted share for Q3 2020, a decline from a net income of $28.2 million in Q3 2019. Total net operating income (NOI) stood at $33.2 million, reflecting a 7.6% decrease year-over-year. The company declared a dividend of $0.065 per share, payable December 18, 2020. Despite continued occupancy declines, the company raised its full-year expectations for Adjusted Funds from Operations (AFFO) to a range of $0.69 - $0.72 per share, highlighting improved leasing metrics.
New Senior Investment Group Inc. (SNR) will release its third quarter 2020 financial results on October 30, 2020, before NYSE trading opens. A press release will be available on the company's Investor Relations website. Additionally, management will hold a conference call on the same day at 9:00 A.M. ET, accessible via phone or through a simultaneous webcast. A replay will be available post-call until November 30, 2020. New Senior is a leading real estate investment trust specializing in senior housing with 103 properties across 36 states.
