Senior Housing Properties Trust Reports Operating Results (10-K)

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Feb 17, 2012
Senior Housing Properties Trust (SNH, Financial) filed Annual Report for the period ended 2011-12-31.

Senior Housing Properties Trust has a market cap of $3.69 billion; its shares were traded at around $21.95 with a P/E ratio of 13 and P/S ratio of 10.9. The dividend yield of Senior Housing Properties Trust stocks is 6.7%.

Highlight of Business Operations:

Rental income revenues and residents fees and services revenues from our leased and managed properties is our principal source of funds to pay operating expenses, debt service and distributions to shareholders. We believe that our operating cash flow will be sufficient to meet our operating expenses and debt service and pay distributions on our shares for the next 12 months and for the foreseeable future thereafter. Our future cash flows from operating activities will depend primarily upon our ability to:

We generally receive minimum rents monthly or quarterly from our tenants, we receive percentage rents from our residential community tenants monthly, quarterly or annually and we receive residents fees and services revenues from our Managed Communities monthly. During the years ended December 31, 2011, 2010 and 2009, we generated $255.6 million, $215.3 million and $209.4 million, respectively, of cash from operations. The increase in our cash from operations over the prior year is primarily attributable to increases in net income, excluding non-cash items. Net income increased primarily as a result of our property acquisitions, as further described below.

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