Occupancy Agreement Template

Saturday, September 12th 2020. | Sample Templates

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13 free sample occupancy agreement templates printable download these 13 free sample occupancy agreement templates to help you prepare your own agreement quickly an occupancy agreement is needed to be signed when a person moves to a new home the main purpose of using this agreement is to set some terms and conditions between the two parties 9 occupancy agreement templates pdf doc according to the rental lease agreement templates a use of occupancy agreement refers to the u&o which happens to be a temporary agreement between the seller and the ers this gives one party the allowance to utilize the respective property for a period of time the agreement isn’t similar to what a lease is use and occupancy agreement use and occupancy agreement v 3 1 9 additional terms the buyer and seller further agree as follows if applicable 10 severalty the singular terms buyer and seller are used herein collectively to include jointly and severalty each of the undersigned in the singular or plural 11 governing law this agreement shall be governed by and construed in accordance with the laws pre closing occupancy agreement daily rent required the purchaser’s occupancy prior to disbursement or as a result of anyone else entering the property prior to disbursement 2 purchaser agrees to reimburse seller for any and all damage or destruction to the property caused by purchaser within ten 10 days of seller notifying purchaser of said damage and or destruction 1 occupancy agreement nysba enter into a new lease agreement to supersede this short term occupancy agreement 5 buyers warrant and represent that they have inspected premises and appliances just prior to taking occupancy accept same in their “as is” condition and at their sole cost and expense purchaser s pre settlement occupancy agreement in consideration of the mutual terms of this agreement the seller grants and the purchaser accepts occupancy of the property on “date of occupancy” on the following terms and conditions 1 deposit the purchaser deposits with the agent $ “occupancy deposit” by cashier s or certified check paid to the ÷ selling pany ÷ occupancy agreement form vs lease agreement forms what is an occupancy agreement form generally an “occupancy agreement” is a short term agreement between the property owner and the person wishing to occupy the property it’s most monly used when a home er wants needs to move into the property they’ve purchased before the property’s closing date contract – use and occupancy agreement – seller to remain this agreement seller may continue to use the property as a single family residence for the seller’s immediate family subject to this agreement 3 nature of occupancy the seller will occupy the property as a licensee only and not as a tenant the seller will maintain the property condition occupancy agreements sample clauses law insider occupancy agreements attached as schedule 6 5 3 1 hereto are true and plete copies of the current standard forms of occupancy agreements entered into between seller and tenants or patients at each facility the "occupancy agreement forms" there are no agreements under which tenants or patients entering any facility subsequent to the adoption by seller of the applicable occupancy agreement post closing occupancy agreement post closing occupancy agreement all prior versions are obsolete revised 6 2015 seller’s initials buyer’s initials specimen form this is a form agreement prepared by the monroe county bar association real estate council and is intended to be a generic form to be tailored to the needs of the parties to specific transactions

lights-as-a-provider Market : business Outlook, dimension & Forecast 2020 To 2023 The MarketWatch news branch changed into now not involved in the introduction of this content. Nov 02, 2020 (AmericaNewsHour) — lighting fixtures-as-a-provider Market research document, through component (Luminaries & Controls, software, capabilities), installing (Indoor, out of doors), utility (commercial, Industrial, Others) — international Forecast till 2023 world lighting-as-a-provider market is expected to develop from USD 78.37 million in 2017 to USD 814.fifty nine million by means of 2023, at a CAGR of forty seven.seventy three% right through the forecast length.lighting fixtures-as-a-carrier (LaaS) is noted the third-birthday celebration management of lighting fixtures system which includes capabilities similar to design and setting up, different technical requirement, and renovation. It additionally comprises the recycling or disposal of the linked lighting fixtures tools and gadget on the end of its existence. The third-party carriers be sure the lighting gadget meets the government mandates and necessities similar to required lights handle, occupancy sensing, daylight usage, and identical others. To cater to the wants of the conclusion-users as opposed to one-time charge method, the market avid gamers offer subscription mannequin to convey these capabilities. The ultimate report will cover the influence analysis of COVID-19 on this business: down load free pattern of This Strategic record:- https://www.kennethresearch.com/pattern-request-10151426 increase sought after for energy efficient lighting fixtures, accelerated can charge rate reductions, spread of web of issues (IoT) to design wise, sustainable and connected lights techniques has resulted in the transforming into adoption of lights-as-a-provider by using the a lot of conclusion-clients. moreover, the urgent wants of the industrial area owners to stay up-to-date with the newest lighting fixtures know-how is readily met with the aid of LaaS. despite the fact, lack of cognizance involving the lighting-as-a-carrier providing among the many expertise conclusion-clients restrain the market increase. lighting fixtures-as-a-carrier market, by means of application, is segmented into industrial, industrial, and others. The industrial segment dominates the lighting fixtures-as-a-carrier market all over the forecast length, and it’s predicted to cling the optimum CAGR all over the forecast period. elements comparable to extended energy mark downs and basic cost rate reductions accelerate the frequent adoption of lights-as-a-service via a considerable number of business corporations. furthermore, the municipal company within the others segment is expected to register the 2d optimum CAGR right through the forecast period. the key gamers operating within the lighting fixtures-as-a-carrier market and profiled in the report are Koninklijke Philips N.V. (Netherlands), familiar electric powered lighting fixtures (US), Zumtobel group AG (Austria), SIB lighting (US), Lunera lights (US), Igor Inc. (US), Itelecom (Chile), Cree Inc. (US), Valoya Oy (Finland), and UrbanVolt (ireland). These gamers are largely investing in boom techniques reminiscent of partnerships & collaborations, and contracts & settlement to reinforce their position within the global lighting-as-a-carrier market. for example, in 2018, Klaasen lighting fixtures Design (KLD) entered right into a partnership with Gooee enterprise to connect lighting fixtures with the web. This partnership will enable KLD comprise new lights applied sciences and eco techniques in their designs. down load free sample of This Strategic record:- https://www.kennethresearch.com/pattern-request-10151426 Segmentation lights-as-a-carrier market is segmented in line with element, installing, software, and vicinity. according to the element, the market is segmented into luminaries & controls, utility, and services. by means of installation, the market is bifurcated into indoor and outdoor. based on application, the market is segmented into industrial, industrial, and others. through area, the market is segmented into North america, Europe, Asia-Pacific and leisure of the realm. Regional analysis The global market for lighting fixtures-as-a-provider is estimated to develop at a wonderful expense throughout the forecast duration from 2018 to 2023. The geographical evaluation of lights-as-a-service market is achieved for North the united states, Europe, Asia-Pacific, and the leisure of the realm. North the united states is anticipated to dominate the lighting fixtures-as-a-carrier market from 2018 to 2023 due to the stringent executive to undertake power productive lighting fixtures gadget, high concentration of market avid gamers within the vicinity, and developed infrastructure it truly is more and more adopting newest lighting fixtures technologies. Europe holds the second biggest market share and it’s estimated to grow on the maximum CAGR all over the forecast length. quick infrastructure construction coupled with the changing government guidelines has led to the growing demand for lights as a service. aggressive evaluation Favorable government rules for switching to energy productive lighting and developing Lumiere infrastructure offer plentiful opportunities to the market gamers. To increase their presence in constructing economies the market gamers are largely adopting contracts and agreements because the key growth strategy. This strategy accounted for practically one-fourth of the full market developments that came about between 2015-2018. Key gamers The renowned gamers in the lights-as-a-carrier market have been identified throughout all the primary regions in accordance with their country of starting place, presence across different areas, recent key traits, product diversification, and industry skills. The important companies of the market are Koninklijke Philips N.V. (Netherlands), accepted electric lights (US), Zumtobel group AG (Austria), SIB lighting fixtures (US), Lunera lighting fixtures (US), Igor Inc. (US), Itelecom (Chile), Cree Inc. (US), Valoya Oy (Finland), UrbanVolt (eire), Sparkfund (US), RCG Lighthouse (Latvia), Metrus energy, Inc. (US), and Enlighted Inc. (US). Request For Full report- https://www.kennethresearch.com/pattern-request-10151426 supposed viewers lighting fixtures producers lighting fixtures as a provider suppliers analysis institutes and corporations lighting fixtures manage producers lights trade associations technology requisites organizations, alliances, and associations govt bodies, and private equity organisations Institutional traders About Kenneth research Kenneth research is a reselling agency providing market analysis solutions in distinct verticals akin to automobile and Transportation, chemicals and materials, Healthcare, food & Beverage and consumer Packaged items, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio contains set of market research insights equivalent to market sizing and market forecasting, market share analysis and key positioning of the players (producers, offers and distributors, and many others), knowing the aggressive landscape and their enterprise at a floor level and many extra. Our research specialists deliver the offerings correctly and without problems within a stipulated time. The market examine offered by means of Kenneth research helps the trade veterans/traders to suppose and to behave accurately in their overall strategy formula Contact Us identify: Kenneth researchEmail:sales@kennethresearch.comPhone: +1 313 462 0609 The put up lighting-as-a-carrier Market : business Outlook, measurement & Forecast 2020 To 2023 looked first on the us information Hour. COMTEX_373795648/2606/2020-11-02T04:38:26 Is there an issue with this press unlock? Contact the supply provider Comtex at editorial@comtex.com. you could additionally contact MarketWatch customer service by means of our client core. The MarketWatch news department was not worried within the introduction of this content material. New Senior pronounces Third Quarter 2020 outcomes New Senior investment group Inc. ("New Senior" or the "company") (NYSE: SNR) announced nowadays its consequences for the quarter ended September 30, 2020. THIRD QUARTER 2020 fiscal HIGHLIGHTS web lack of $four.4 million, or $(0.05) per diluted share total web operating profits ("NOI") of $33.2 million; total same save money NOI of $33.0 million total same save money NOI diminished 7.6% versus third quarter 2019; year-to-date complete equal save cash NOI decreased 3.6% versus the same duration of 2019 Normalized funds from Operations ("Normalized FFO") of $12.four million, or $0.15 per diluted share Adjusted funds from Operations ("AFFO") of $14.four million, or $0.17 per diluted share Normalized dollars attainable for Distribution ("Normalized FAD") of $12.eight million, or $0.15 per diluted share Ended the quarter with complete purchasable liquidity of approximately $one hundred sixty million and no enormous debt maturities except 2025 THIRD QUARTER 2020 & contemporary company HIGHLIGHTS Delivered solid third quarter 2020 cash NOI and AFFO per share results, that have been at the precise end of expectations, regardless of continued occupancy declines and additional prices involving COVID-19 continued to work closely with operators as they adapted their working options to advertise leasing endeavor and control working expenses while final concentrated on conserving a secure atmosphere for residents and associates Entered into a 5-yr $270 million activity price swap, increasing the enterprise’s mounted expense exposure from fifty two% to 72% Repaid last $60 million of borrowings superb on the business’s revolving credit facility Raised full year 2020 expectations based on third quarter 2020 performance and latest operating trends Declared a dividend of $0.065 per general share for the third quarter 2020 Susan Givens, President & Chief govt Officer of the company commented, "Our operators persisted to combat the influence of COVID-19 all through the quarter, diligently working to make sure the protection and health of our residents and co-workers. As all the time, i want to lengthen our deepest gratitude to our operators and the buddies at our communities who continue to serve our residents and display unwavering leadership and commitment right through these difficult instances." Givens persevered, "while the pandemic continues to have a major impact on our business, we remain encouraged by means of attributes particular to our unbiased residing communities which we trust have resulted in lessen occupancy losses and have allowed our operators to tightly manipulate operating costs. all through the third quarter, we noticed a major development in our occupancy style as compared to the 2d quarter on account of a robust rebound in leads and circulate-in volume. moreover, our operators executed ongoing price discounts which have helped offset the occupancy declines we’ve experienced. in consequence, for the third quarter 2020, we delivered economic consequences that had been at the correct conclusion of expectations provided closing quarter. in accordance with third quarter effects and the contemporary traits we now have followed in our portfolio within the fourth quarter, i am pleased to be in a position to lift our expectations for full yr 2020 AFFO per share." THIRD QUARTER 2020 outcomes dollars in thousands, except per share information For the Quarter Ended September 30, 2020 For the Quarter Ended September 30, 2019 amount Per simple Share Per Diluted Share amount Per fundamental Share Per Diluted Share GAAP (Unaudited) internet income (loss) as a result of normal stockholders $ (4,355 ) $ (0.05 ) $ (0.05 ) $ 28,244 $ 0.34 $ 0.34 Non-GAAP(A) NOI $ 33,208 N/A N/A $ 35,380 N/A N/A FFO eleven,849 0.14 0.14 49,285 0.60 0.59 Normalized FFO 12,408 0.15 0.15 eleven,989 0.15 0.14 AFFO 14,366 0.17 0.17 14,018 0.17 0.17 Normalized FAD (B) 12,769 0.15 0.15 10,965 0.13 0.13 (A) See end of press unencumber for reconciliation of non-GAAP measures to internet revenue (loss). (B) Normalized FAD, which doesn’t replicate debt important payments and sure different outflows, doesn’t signify cash attainable for distribution to shareholders. THIRD QUARTER 2020 GAAP outcomes New Senior recorded a GAAP internet lack of $4.four million, or $(0.05) per diluted share, for the third quarter 2020, in comparison to a web earnings of $28.2 million, or $0.34 per diluted share, for the third quarter 2019. The 12 months-over-yr decrease turned into basically pushed by means of the receipt of $38 million of litigation proceeds during the third quarter 2019 regarding the contract of a by-product lawsuit. THIRD QUARTER 2020 PORTFOLIO performance equal save cash NOI properties 3Q 2019 3Q 2020 YoY Managed homes 102 $ 34,222 $ 31,465 (8.1%) NNN Property 1 1,450 1,490 2.7% complete Portfolio 103 $ 35,673 $ 32,955 (7.6%) total Portfolio 103 $ 35,673 $ 32,955 (7.6%) COVID-19 linked costs – – 785 – complete Portfolio Adjusted for COVID-19 connected fees 103 $ 35,673 $ 33,740 (5.4%) THIRD QUARTER DIVIDEND On October 28, 2020, the business’s Board of administrators declared a money dividend of $0.065 per share for the quarter ended September 30, 2020. The dividend is payable on December 18, 2020 to shareholders of checklist on December 4, 2020. COVID-19 have an impact on ON THE enterprise The third quarter 2020 persisted to look the outcomes of the COVID-19 pandemic on our fiscal outcomes. we’ve outlined our observations of the have an effect on on our outcomes so far and abilities future implications under: Overview As of September 30, 2020, we owned a portfolio of 102 impartial living ("IL") homes and one continuing Care Retirement neighborhood ("CCRC"). we have approximately 10,000 residents throughout our 103 residences, which can be managed by using three distinct operators and one tenant. status of Our residences All of our residences have remained open and operational because the delivery of the COVID-19 pandemic all the way through the second quarter 2020, our operators started lifting some of the restrictions in a phased approach, in accordance with the repute of state and local laws that affect the property as neatly as the fame of any COVID-19 circumstances on the property due to the length and evolving nature of the pandemic, all of our residences continue to function in an ambiance with modified protocols. Our operators continue to be focused on maximizing resident socialization and engagement as a way to preserve the actual fitness and intellectual and emotional health of our residents although, the continuing operator protocols, which proceed to prioritize recommended CDC protocols corresponding to social distancing and restricted social gatherings, do require that all of our residences continue to function with greater restrictions than the pre-pandemic working environment widespread situations As of October 28, 2020, our operators pronounced forty one energetic instances across 14 properties (34 residents and seven buddies) thus far, sixty seven total homes (sixty five% of our portfolio) have suggested at the least one resident or associate case 35% of the houses in our portfolio have not reported a single resident or associate case so far Occupancy Feb-20 Mar-20 Apr-20 may also-20 Jun-20 Jul-20 Aug-20 Sep-20 Ending Occupancy 88.7% 87.four% 86.2% 85.6% 84.9% 84.four% 83.9% 83.three% Sequential Decline – (130bps) (120bps) (60bps) (70bps) (50bps) (50bps) (60bps) fees whereas working prices accelerated on the outset of the pandemic as a result of incremental COVID-19 prices, our operators were in a position to correctly offset those prices with the aid of decreasing occupancy-related and different controllable fees in the third quarter 2020, operating fees lowered 1.4% versus the third quarter 2019, and reduced three.0% with the exception of COVID-19 expenses pushed by using decreased spend on substances, protection and other controllable objects working costs associated with COVID-19 had been about $0.8 million, or below 2% of total costs. These prices had been down forty three% in the third quarter 2020 as compared to the 2nd quarter 2020 as our operators carried out new strategies to cut back prices NOI & AFFO 1Q 2020 2Q 2020 3Q 2020 YTD 2020 complete identical shop cash NOI YoY 0.1% (three.1%) (7.6%) (three.6%) AFFO Per Share $0.17 $0.19 $0.17 $0.fifty three within the third quarter 2020, complete same save cash NOI lowered via 7.6% versus the third quarter 2019. Our operators persevered to correctly put in force price discounts to support offset occupancy declines AFFO for the third quarter 2020 changed into $0.17 per share, a decrease of $0.02 per share versus the second quarter 2020 and flat versus the third quarter 2019. NOI declines because of the impact of the COVID-19 pandemic proceed to be offset via interest cost mark downs due to the decline in LIBOR 12 months-to-date, complete identical save cash NOI decreased by using three.6% versus the identical length of 2019; and 12 months-to-date AFFO became $0.53 per share, an increase of $0.04 per share versus the equal period of 2019 As of September 30, 2020, together with the effect of the newly completed swap, 28% of the business’s debt is floating fee debt and subject to fluctuations in LIBOR. regular one-month LIBOR declined from 50bps in the second quarter 2020 to 16bps within the third quarter 2020, reducing our activity fee through about $1 million. The pastime reductions offset one of the crucial equal save money NOI decline resulting from the COVID-19 pandemic FULL yr 2020 EXPECTATIONS in response to the enterprise’s fiscal results to this point, as well because the observations and tendencies mentioned above in "COVID-19 have an impact on on the enterprise," New Senior is updating its full 12 months 2020 expectations for total equal store money NOI and AFFO per share as follows: Full yr 2020 Expectations Low excessive total identical keep cash NOI YoY (includes NNN rent) (6.0%) – (4.0%) AFFO Per Share $0.sixty nine – $0.seventy two The estimates above are in response to a few assumptions that are subject to change and many of which might be outside of the business’s control. If precise consequences vary from these assumptions, the company’s expectations may additionally exchange. There may also be no assurance that the business will obtain these consequences. A reconciliation of the enterprise’s expectations to its projected GAAP measures is included during this press release. LIQUIDITY & CAPITAL structure The company has taken, and continues to take, movements to raise and maintain liquidity in accordance with COVID-19 presently after the onset of the pandemic in March 2020, and only as a precaution, the enterprise drew $100 million on its revolving credit facility. due to the fact that time, the company has paid down the outstanding borrowings, and the business ended the third quarter 2020 with total accessible liquidity of about $160 million within the third quarter 2020, the business achieved a $270 million interest price swap, without difficulty changing floating cost debt to fixed expense debt and extending fixed cost exposure from 52% to seventy two%. The swap additional improves the company’s capital constitution and reduces salary volatility as a result of fluctuations in interest costs The company suspended all discretionary capital expenditure projects in the second quarter 2020, which greatly reduced capital expenditure spend. while the business re-began select initiatives in the third quarter 2020, complete discretionary capital expenditure spend could be greatly lessen in 2020 than at the start anticipated. The company expects to continue spending on discretionary capital expenditure initiatives going ahead, the place such projects can be completed safely because of a few initiatives achieved in 2019 and 2020, as smartly because the actions listed above, the enterprise has materially more desirable its money movement profile and steadiness sheet more information For more information that administration believes to be positive for buyers, together with more information involving the COVID-19 pandemic and its affect on our company, please consult with the enterprise Presentation and to the Quarterly supplement, each and every of which is posted within the Investor members of the family part of new Senior’s web page, www.newseniorinv.com. earnings conference call management will host a convention call on October 30, 2020 at 9:00 A.M. jap Time. The conference call may well be accessed by using dialing (888) 317-6003 (from in the U.S.) or (412) 317-6061 (from backyard of the U.S.) ten minutes earlier than the scheduled delivery of the call; please use entry quantity "9484455". A simultaneous webcast of the conference call will be attainable to the general public on a pay attention-simplest foundation at www.newseniorinv.com. Please permit beyond regular time ahead of the name to visit the site and down load any fundamental application required to hearken to the web broadcast. A telephonic replay of the conference name will even be obtainable approximately two hours following the call’s completion via November 30, 2020 by dialing (877) 344-7529 (from in the U.S.) or (412) 317-0088 (from outdoor the U.S.); please use entry code "10149313." ABOUT NEW SENIOR New Senior investment neighborhood Inc. (NYSE: SNR) is a publicly-traded precise estate investment trust with a assorted portfolio of senior housing homes determined across the us. New Senior is one of the greatest owners of senior housing residences, with 103 houses across 36 states. greater information about New Senior can be found at www.newseniorinv.com. CAUTIONARY word concerning ahead-looking STATEMENTS definite assistance during this press unencumber may additionally constitute "ahead-looking statements" in the that means of the private Securities Litigation Reform Act of 1995, including without trouble statements involving expectations with appreciate to the capabilities latitude of 2020 economic effects, the anticipated have an effect on of the COVID-19 pandemic on our business, liquidity, houses, operators and the fitness techniques and populations that we serve; the charge and effectiveness of measures we now have taken to respond to the COVID-19 pandemic, together with fitness and defense protocols which are intended to limit the transmission of COVID-19 at our residences; and our anticipated occupancy costs and working prices. These statements don’t seem to be old information. They signify administration’s present expectations regarding future routine and are subject to a few risks and uncertainties, a lot of which can be past our handle, that might cause specific outcomes to vary materially from those described within the ahead-looking statements. These risks and uncertainties include, but are not confined to, risks and uncertainties concerning the carrying on with have an impact on of COVID-19 on our operations and the operation of our amenities, together with ongoing instances at definite of our facilities, the velocity, geographic attain and period of the COVID-19 pandemic; the legal, regulatory and administrative traits that ensue on the federal, state and native degrees; the efficacy of our operators’ infectious disorder protocols and prevention efforts; the broader influence of the pandemic on local economies and labor markets; the general demand for our communities within the recovery duration following the pandemic; our potential to successfully manage the asset management through third parties; and market circumstances commonly which affect demand and supply for senior housing. We consider that the adverse have an impact on that COVID-19 may have on the longer term operations and fiscal results at our communities will rely upon many factors, most of which are beyond our capability to handle or predict. accordingly, you should definitely not region undue reliance on any ahead-searching statements contained herein. For a dialogue of those and different dangers and demanding factors that may affect such ahead-looking statements, see the sections entitled "chance factors" and "administration’s dialogue and evaluation of economic circumstance and effects of Operations" within the business’s most contemporary annual and quarterly studies filed with the Securities and exchange fee, which are available on the enterprise’s web site (www.newseniorinv.com). New hazards and uncertainties emerge occasionally, and it isn’t feasible for us to foretell or verify the affect of each ingredient that may cause our results to vary materially from those predicted by any forward-searching statements. forward-looking statements contained herein, and all statements made in this press free up, speak only as of the date of this press liberate, and the business expressly disclaims any duty or obligation to unlock publicly any updates or revisions to any statements contained herein to reflect any exchange within the enterprise’s expectations with regard thereto or change in activities, conditions or instances on which any observation is based mostly. Consolidated steadiness Sheets (greenbacks in heaps, apart from share statistics) September 30, 2020 December 31, 2019 (Unaudited) property real estate investments: Land $ 134,643 $ 134,643 structures, improvements and other 1,976,544 1,970,036 gathered depreciation (401,779 ) (351,555 ) internet real property property 1,709,408 1,753,124 received lease and different intangible property 7,642 7,642 amassed amortization (2,505 ) (2,238 ) web true estate intangibles 5,137 5,404 net true property investments 1,714,545 1,758,528 property from discontinued operations – 363,489 cash and cash equivalents fifty one,680 39,614 Receivables and different assets, net 36,460 33,078 complete property $ 1,802,685 $ 2,194,709 Liabilities, Redeemable favourite stock and fairness Liabilities Debt, web $ 1,487,407 $ 1,590,632 Liabilities from discontinued operations – 267,856 accumulated fees and different liabilities sixty six,594 59,320 total Liabilities 1,554,001 1,917,808 Commitments and contingencies Redeemable favored stock, $0.01 par value with $100 liquidation option, 400,000 shares licensed, issued and fabulous as of September 30, 2020 and December 31, 2019 40,506 40,506 equity favourite stock, $0.01 par price, 99,600,000 shares (with the exception of four hundred,000 shares of redeemable favorite stock) approved, none issued or brilliant as of each September 30, 2020 and December 31, 2019 — — regular inventory, $0.01 par price, 2,000,000,000 shares licensed, 83,023,846 and 82,964,438 shares issued and astounding as of September 30, 2020 and December 31, 2019, respectively 830 830 further paid-in capital 905,833 901,889 accrued deficit (684,901 ) (660,588 ) collected other finished loss (13,584 ) (5,736 ) complete fairness 208,178 236,395 complete Liabilities, Redeemable favourite inventory and equity $ 1,802,685 $ 2,194,709 Consolidated Statements of Operations (greenbacks in heaps, apart from share records) Three Months Ended September 30, nine Months Ended September 30, 2020 2019 2020 2019 (unaudited) (unaudited) Revenues Resident fees and features $ eighty one,582 $ 84,373 $ 249,540 $ 254,943 rental earnings 1,583 1,583 four,748 4,748 total revenues 83,one hundred sixty five eighty five,956 254,288 259,691 costs Property operating expense forty nine,957 50,576 149,782 154,208 activity expense 14,540 18,962 forty seven,040 58,382 Depreciation and amortization 16,204 17,323 50,522 fifty one,304 regular and administrative fee 5,905 5,410 17,645 15,747 Acquisition, transaction and integration rate forty three 503 195 1,169 Loss on extinguishment of debt – – 5,884 335 other price 192 sixteen 520 1,393 total costs 86,841 92,790 271,588 282,538 Loss on sale of precise property – – – (122 ) Litigation proceeds, internet – 38,226 – 38,226 income (loss) earlier than income taxes (3,676 ) 31,392 (17,300 ) 15,257 salary tax fee 74 37 156 a hundred and ten earnings (loss) from carrying on with operations (3,750 ) 31,355 (17,456 ) 15,147 Discontinued Operations: profit on sale of true property – – 19,992 – Loss from discontinued operations – (2,506 ) (3,107 ) (7,077 ) Discontinued operations, web – (2,506 ) 16,885 (7,077 ) web income (loss) (3,750 ) 28,849 (571 ) eight,070 Deemed dividend on redeemable favorite stock (605 ) (605 ) (1,802 ) (1,802 ) web profits (loss) as a result of commonplace stockholders ($ 4,355 ) $ 28,244 ($ 2,373 ) $ 6,268 primary revenue per common share: (A) earnings (loss) from carrying on with operations because of usual stockholders ($ 0.05 ) $ 0.37 ($ 0.23 ) $ 0.16 Discontinued operations, net – (0.03 ) 0.20 (0.09 ) net earnings (loss) attributable to usual stockholders (0.05 ) 0.34 (0.03 ) 0.08 Diluted salary per normal share: revenue (loss) from continuing operations attributable to typical stockholders ($ 0.05 ) $ 0.37 ($ 0.23 ) $ 0.sixteen Discontinued operations, web – (0.03 ) 0.20 (0.08 ) net revenue (loss) brought on by typical stockholders (0.05 ) 0.34 (0.03 ) 0.07 Weighted general variety of shares of standard stock dazzling basic eighty two,568,919 eighty two,209,844 eighty two,472,115 eighty two,207,610 Diluted (B) 82,568,919 eighty three,964,231 eighty two,472,115 eighty three,588,648 Dividends declared per share of regular stock $ 0.07 $ 0.13 $ 0.26 $ 0.39 (A) simple revenue per typical share ("EPS") is calculated by dividing internet income (loss) brought on by general stockholders by way of the weighted regular number of shares of regular stock brilliant. The amazing shares used to calculate the weighted commonplace fundamental shares exclude 454,921 and 754,594 restrained stock awards, internet of forfeitures, as of September 30, 2020 and 2019 respectively, as these shares have been issued however had been now not vested and hence, no longer regarded extraordinary for applications of computing basic earnings (loss) per share. Diluted EPS is computed by means of dividing web revenue (loss) because of normal stockholders by using the weighted normal variety of shares of commonplace inventory wonderful plus the extra dilutive effect, if any, of standard inventory equivalents all through each and every duration. (B) Dilutive share equivalents and alternate options were excluded for the three and 9 months ended September 30, 2020 as their inclusion would have been anti-dilutive given our loss position. Reconciliation of NOI to internet salary (bucks in thousands) For the Quarter Ended September 30, 2020 total revenues $ 83,a hundred sixty five Property working rate (forty nine,957 ) NOI 33,208 interest price (14,540 ) Depreciation and amortization (16,204 ) common and administrative expense (5,905 ) Acquisition, transaction and integration cost (forty three ) other price (192 ) profits tax cost (74 ) web loss (3,750 ) Deemed dividend on redeemable favored stock (605 ) web loss caused by common stockholders $ (four,355 ) Reconciliation of net earnings to FFO, Normalized FFO, AFFO and Normalized FAD (unaudited) (dollars and shares in lots, except per share records) For the Quarter Ended September 30, 2020 net loss attributable to commonplace stockholders $ (four,355 ) alterations: Depreciation and amortization sixteen,204 FFO $ 11,849 FFO per fundamental and diluted share $ 0.14 Acquisition, transaction and integration rate 43 Compensation expense concerning transition awards 296 different cost(1) 220 Normalized FFO $ 12,408 Normalized FFO per simple and diluted share $ 0.15 Straight-line hire (95 ) Amortization of deferred financing prices 803 Amortization of deferred group prices and other(2) (158 ) Amortization of equity-primarily based compensation 1,408 AFFO $ 14,366 AFFO per primary and diluted share $ 0.17 events capital expenditures (1,596 ) Normalized FAD $ 12,769 Normalized FAD per primary and diluted share $ 0.15 Weighted normal fundamental shares fabulous 82,569 Weighted normal diluted shares marvelous 83,220 1) essentially includes coverage recoveries and casualty connected fees. 2) comprises amortization of deferred neighborhood fees and different, which comprises the internet exchange in deferred community expenses and different rent discounts or incentives. Reconciliation of year-over-yr cash NOI (unaudited) (greenbacks in heaps) 3Q 2020 3Q 2019 Managed different Managed other IL homes residences complete IL homes homes complete same store cash NOI (apart from COVID-19 linked charges) $32,250 $1,490 $33,740 $34,222 $1,450 $35,673 COVID-19 related fees (785 ) – (785 ) – – – same store money NOI 31,465 1,490 32,955 34,222 1,450 35,673 Straight-line condominium salary – ninety five ninety five – 134 134 Amortization of deferred neighborhood expenses and different(1) 160 (2 ) 158 (426 ) (2 ) (428 ) phase / total NOI $31,625 $1,583 $33,208 $33,797 $1,583 $35,380 interest cost (14,540 ) (18,962 ) Depreciation and amortization (sixteen,204 ) (17,323 ) standard and administrative expense (5,905 ) (5,410 ) Acquisition, transaction & integration rate (forty three ) (503 ) different expense (192 ) (sixteen ) income tax expense (seventy four ) (37 ) Litigation proceeds, net — 38,226 Loss from continuing operations (three,750 ) 31,355 income (loss) from discontinued operations — (2,506 ) Discontinued operations, web — (2,506 ) web profits (loss) (3,750 ) 28,849 Deemed dividend on redeemable preferred inventory (605 ) (605 ) web income (loss) as a result of commonplace stockholders ($4,355 ) $28,244 (1) carries amortization of deferred group charges and different, which comprises the internet exchange in deferred group charges and different employ discounts or incentives. Reconciliation of Quarter-over-Quarter money NOI (unaudited) (dollars in lots) 3Q 2020 2Q 2020 Managed other Managed different IL residences properties complete IL houses properties total identical shop cash NOI (aside from COVID-19 connected costs) $32,250 $1,490 $33,740 $35,228 $1,477 $36,705 COVID-19 linked costs (785 ) – (785 ) (1,470 ) – (1,470 ) identical save money NOI 31,465 1,490 32,955 33,758 1,477 35,234 Straight-line condo revenue – ninety five 95 – 108 108 Amortization of deferred group prices and different(1) a hundred and sixty (2 ) 158 434 (2 ) 432 section / complete NOI $31,625 $1,583 $33,208 $34,191 $1,582 $35,773 hobby fee (14,540 ) (15,281 ) Depreciation and amortization (16,204 ) (16,782 ) customary and administrative rate (5,905 ) (5,894 ) Acquisition, transaction & integration fee (forty three ) (19 ) different rate (192 ) (433 ) profits tax cost (74 ) (22 ) net loss (3,750 ) (2,658 ) Deemed dividend on redeemable favored inventory (605 ) (599 ) internet loss caused by general stockholders ($four,355 ) ($3,257 ) (1) incorporates amortization of deferred neighborhood fees and other, which includes the internet exchange in deferred community expenses and different appoint discounts or incentives. pastime fee Reconciliation (bucks in thousands) 3Q 2020 2Q 2020 pastime expense $ 14,540 $ 15,281 Amortization of deferred financing charges (803 ) (872 ) cash hobby cost $ 13,737 $ 14,409 2020 Expectations Reconciliation Reconciliation of net Loss to FFO, Normalized FFO and AFFO (unaudited) Full yr 2020 Per Share Low excessive net loss caused by average stockholders $(0.09) – $(0.06) profit on sale of real estate (0.24) – (0.24) Depreciation & amortization 0.seventy nine – 0.79 FFO $0.forty six – $0.forty nine Compensation cost regarding transition awards 0.02 – 0.02 Loss on extinguishment of debt 0.11 – 0.eleven Acquisition, transaction & integration rate 0.02 – 0.02 Normalized FFO $0.sixty one – $0.sixty four Amortization of deferred financing charges 0.04 – 0.04 Amortization of deferred group expenses & other (0.02) – (0.02) Amortization of fairness-primarily based compensation 0.06 – 0.06 AFFO $0.sixty nine – $0.72 ROUNDING all through this Press free up, totals and subtotals of definite tables can also not sum because of rounding. NON-GAAP economic MEASURES The tables above set forth reconciliations of non-GAAP measures to web earnings (loss), which is essentially the most directly comparable GAAP fiscal measure. A non-GAAP economic measure is a measure of old or future financial efficiency, financial position or cash flows that excludes or includes amounts that are not excluded from or covered within the most related GAAP measure. We accept as true with definite non-GAAP monetary measures to be beneficial supplemental measures of our working efficiency. GAAP accounting for precise estate belongings assumes that the cost of true property property diminishes predictably over time, even though precise property values traditionally have risen or fallen with market situations. due to this fact, many business buyers appear to non-GAAP fiscal measures for supplemental assistance about true property agencies. make sure to not trust non-GAAP measures as alternate options to GAAP internet (loss) earnings, which is an indicator of our fiscal efficiency, or as options to GAAP money move from operating activities, which is a liquidity measure, nor are non-GAAP measures always indicative of our potential to satisfy our funding requirements. so as to facilitate a transparent understanding of our consolidated ancient operating effects, make sure you determine our non-GAAP measures along with GAAP web (loss) salary as offered in our Consolidated fiscal Statements and different monetary information covered in different places in this press unencumber. additionally, the comparability of non-GAAP monetary measures across businesses may well be restrained as a result of modifications within the manner during which actual estate corporations calculate such measures, the capital structure of such agencies or different elements. beneath is an outline of the non-GAAP fiscal measures introduced herein. NOI, cash NOI and cash activity rate The company evaluates the performance of every of its three enterprise segments in response to NOI. The company defines NOI as total revenues much less property-degree operating prices, which include property management charges and travel charge reimbursements. The sum of the NOI for each and every segment is complete NOI, which the enterprise uses to consider the aggregate performance of its segments. The company defines money NOI as NOI with the exception of the effects of hetero-line hire, amortization of above / below market lease intangibles and amortization of deferred community charges and different, which includes the net trade in deferred group expenses and different rent coupon codes or incentives. We trust that NOI and cash NOI function constructive supplemental measures to web revenue as a result of they allow buyers, analysts and management to measure unlevered property-degree working effects and to examine our operating outcomes between intervals and to the operating outcomes of different actual property agencies on a constant foundation. equal keep NOI and equal keep cash NOI consist of simplest homes owned for the entirety of related intervals. homes acquired, sold, transitioned to other operators or between segments, or classified as held on the market or discontinued operations right through the similar periods are excluded from the identical store amounts. Please see the enterprise’s most contemporary quarterly record filed with the Securities and alternate fee for extra suggestions. cash hobby rate is described as interest cost except for the amortization of deferred financing fees and comprises the hobby fee on debt repaid upon the sale of the AL/MC portfolio (categorised as discontinued operations). FFO and other Non-GAAP Measures We use dollars From Operations ("FFO") and Normalized FFO as supplemental measures of our operating efficiency. We use the national association of real estate funding Trusts ("NAREIT") definition of FFO. NAREIT defines FFO as GAAP net income (loss) because of standard stockholders, which comprises loss from discontinued operations, with the exception of positive aspects (losses) from sales of depreciable true property assets and impairment costs of depreciable actual estate, plus true estate depreciation and amortization, and after alterations for unconsolidated entities and joint ventures to mirror FFO on the identical foundation. FFO does not account for debt fundamental payments and is not intended as a measure of a REIT’s skill to satisfy such payments or another cash requirements. Normalized FFO, as defined below, measures the economic efficiency of our portfolio of assets except for objects that, despite the fact incidental to, aren’t reflective of the day-to-day working performance of our portfolio of assets. We believe that Normalized FFO is valuable since it helps the comparison of our portfolio’s operating efficiency (i) between durations on a consistent groundwork and (ii) to the working efficiency of alternative true property agencies. despite the fact, comparability may be restricted because our calculation of Normalized FFO may additionally range tremendously from that of different companies or because of aspects of our enterprise that don’t seem to be current in different businesses. We outline Normalized FFO as FFO apart from right here revenue and price gadgets, as applicable: (a) acquisition, transaction and integration related charges; (b) the write off of unamortized coupon codes, premiums, deferred financing prices, or additional fees, make whole payments and penalties or premiums incurred as the outcome of early reimbursement of debt (collectively "gain (Loss) on extinguishment of debt"); (c) incentive compensation to affiliate recognized on account of income of real estate; (d) the remeasurement of deferred tax assets; (e) valuation allowance on deferred tax property, net; (f) termination fee to the affiliate; (g) benefit on lease termination; (h) compensation price regarding transition awards; (i) litigation proceeds; and (j) different items that we accept as true with aren’t indicative of working efficiency, commonly said as "different price (income)" in our Consolidated Statements of Operations. We also use Adjusted FFO ("AFFO") and Normalized FAD as supplemental measures of our operating efficiency. We trust AFFO is useful because it allows the evaluation of (i) the latest economic return on our portfolio of belongings between periods on a constant basis and (ii) our portfolio versus these of different true estate businesses that report AFFO. besides the fact that children, comparability could be restricted because our calculation of AFFO can also fluctuate tremendously from that of other businesses, or because of facets of our enterprise that don’t seem to be latest in different corporations. We outline AFFO as Normalized FFO apart from the have an impact on of here: (a) straight-line rents; (b) amortization of above / under market lease intangibles; (c) amortization of deferred financing charges; (d) amortization of premium or discount on loan notes payable; (e) amortization of deferred neighborhood expenses and different, which contains the net alternate in deferred community fees and different hire discounts or incentives, and (f) amortization of fairness-based mostly compensation rate. We outline Normalized FAD as AFFO much less events capital expenses, which we view as a price linked to the current economic return. Normalized FAD, which doesn’t reflect debt essential payments and likely other prices, does not represent money available for distribution to shareholders. We accept as true with Normalized FAD is useful since it entirely reflects the extra economic prices of retaining the condition of the portfolio. View supply version on businesswire.com: https://www.businesswire.com/news/home/20201030005163/en/ Contacts Jane Ryu(646) 822-3700 Duke Realty business enterprise (DRE) CEO James Connor on Q3 2020 consequences – revenue name Transcript To be sure this doesn’t occur in the future, please enable Javascript and cookies for your browser.is this occurring to you generally? Please file it on our remarks discussion board. when you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Reference identity:.

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