Nov 11 (Reuters) - Extendicare Inc EXE.TO :
* Announces productive 2015 third quarter results and agreements to acquire
three additional retirement communities
* Qtrly revenue of $263.3 million, up $55.4 million or 26.7%
* Qtrly same-store revenue up 3.1%
* To purchase a further two senior living homes in Saskatchewan from
brightwater senior living group for $50.2 million
* Says signed an agreement to purchase harvest retirement community (harvest)
for $28.4 million
* Qtrly affo from continuing operations was $0.174 per basic share
* Says purchase price represents a per-suite value of approximately $284,500
and a stabilized noi yield estimated at 6.74%
* Entered loi with brightwater to acquire two additional properties currently
under construction in moose jaw and yorkton to Extendicare
* Purchase price for harvest, stonebridge and riverbend will initially be paid
in cash with intention to finance up to 65% once stabilized
* Qtrly FFO from continuing operations per basic share $0.167
* Source text for Eikon urn:newsml:reuters.com:*:nMKWCcQjCa
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