NHP Announces First Quarter Earnings Release Date and Conference Call/Webcast
NEWPORT BEACH, Calif., April 14 /PRNewswire-FirstCall/ -- Nationwide
Health Properties, Inc. (NYSE: NHP) announced today that the Company will
release its first quarter earnings on Thursday, May 8, 2008 after the close of
trading on the New York Stock Exchange. The Company will host a conference
call on Friday, May 9, 2008 at 8:30 a.m. Pacific time (11:30 a.m. Eastern
time) in order to present the Company's financial performance and operating
results for the first quarter ended March 31, 2008.
The conference call will be accessible by dialing 877-356-5705 and
referencing conference ID number 43858991 or by logging on to our website at
www.nhp-reit.com. The international dial-in number is 706-643-7409.
The earnings release and any additional financial information that may be
discussed on the conference call will also be available on our website. A
digitized replay of the conference call will be available from 9:30 a.m.
Pacific time (12:30 p.m. Eastern time) that day until 9:00 p.m. Pacific time
(Midnight Eastern time) Monday, June 9, 2008. Callers can access the replay
by dialing (800) 642-1687 or (706) 645-9291 and entering conference ID number
43858991. Webcast replays will also be available on our website for at least
12 months following the conference call.
Nationwide Health Properties, Inc. is a real estate investment trust that
invests in health care facilities. The Company has investments in
584 facilities in 43 states. For more information on Nationwide Health
Properties, Inc. visit our website at www.nhp-reit.com.
Certain information contained in this release includes forward-looking
statements. Forward-looking statements include statements regarding our
expectations, beliefs, intentions, plans, objectives, goals, strategies,
future events or performance and underlying assumptions and other statements
which are not statements of historical facts, including statements regarding
the proposed transaction between NHP and PMB and the benefits of the proposed
transaction. These statements may be identified, without limitation, by the
use of forward-looking terminology such as "may," "will," "anticipates,"
"expects," "believes," "intends," "should" or comparable terms or the negative
thereof. These forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those described in
the statements. Risks and uncertainties associated with the PMB transaction
include (without limitation) the following: delay or failure to obtain third
party consents; the exclusion of certain properties (which may include
properties described herein) from the transaction; uncertainty as to whether
the transaction will be completed; the failure to achieve the perceived
advantages from the transaction; larger than expected or unexpected costs
associated with the transaction; unexpected liabilities resulting from the
transaction; potential litigation associated with the transaction; and the
retention of key personnel after the transaction. Other risks and
uncertainties associated with our business, many of which will apply to the
assets acquired in the PMB transaction, include (without limitation) the
following: deterioration in the operating results or financial condition,
including bankruptcies, of our tenants; non-payment or late payment of rent by
our tenants; our reliance on two operators for a significant percentage of our
revenues; occupancy levels at certain facilities; our level of indebtedness;
changes in the ratings of our debt securities; access to the capital markets
and the cost of capital; government regulations, including changes in the
reimbursement levels under the Medicare and Medicaid programs; the general
distress of the healthcare industry; increasing competition in our business
sector; the effect of economic and market conditions and changes in interest
rates; the amount and yield of any additional investments; our ability to meet
acquisition goals; the ability of our operators to repay deferred rent or
loans in future periods; the ability of our operators to obtain and maintain
adequate liability and other insurance; our ability to attract new operators
for certain facilities; our ability to sell certain facilities for their book
value; our ability to retain key personnel; potential liability under
environmental laws; the possibility that we could be required to repurchase
some of our medium-term notes; the rights and influence of holders of our
outstanding preferred stock; changes in or inadvertent violations of tax laws
and regulations and other factors that can affect real estate investment
trusts and our status as a real estate investment trust; and other factors
discussed from time to time in our news releases, public statements and/or
filings with the Securities and Exchange Commission, especially the "Risk
Factors" sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q.
Forward-looking information is provided by NHP pursuant to the safe harbor
established under the Private Securities Litigation Reform Act of 1995 and
should be evaluated in the context of these factors. We disclaim any intent
or obligation to update these forward-looking statements.
CONTACT: Ron M. Hubbard
Vice President - Capital Markets & Investor Relations
(949) 717-0133
SOURCE Nationwide Health Properties, Inc.
Ron M. Hubbard of Nationwide Health Properties, Inc., +1-949-717-0133
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