Senior Housing Properties Trust (SNH)
UBS Healthcare Services Conference Transcript
February 8, 2012 2:30 PM ET
Dave Hegarty – President and COO
Rick Doyle – Chief Financial Officer
Derek Bower – UBS Investment Bank
– UBS Investment Bank
Good afternoon. My name is Derek Bower, and I’m the healthcare REIT Analyst here at UBS. Next I’d like to introduce Dave Hegarty, President and Chief Operating Officer; and Rick Doyle, Chief Financial Officer of Senior Housing Properties Trust. Just as a reminder, there will be a breakout session in the Broadway Room following the presentation. Thank you.
Thank you, Derek, and good afternoon, everyone. And thank you for coming to hear our story about Senior Housing Properties Trust. First, I’ll caveat everything that, I’ll tell everything I can today to the best of my knowledge, and we are probably about a week or so away from our earnings, so I am limited to how much I can comment on today.
I don’t know how many know Senior Housing Properties Trust or SNH is the healthcare REIT, that’s very diversified by geography tenant and product. We are the fourth largest healthcare REIT today. We have $4.9 billion of an investment portfolio and that’s on a costs basis, we have 373 properties right across 38 states, plus Washington, DC, and approximately 560 different tenants in those properties.
We are among, I believe the top seven owners of Senior Housing, private pay Senior Housing real estate that about 30,700 units, and at some point million square feet of medical office, building space. We are also one of the top owners of medical office space in the country.