Senior Housing Properties Trust Completes 2005/06 Filings.NEWTON, Mass. -- Senior Housing Properties Trust (NYSE NYSE See: New York Stock Exchange : SNH SNH Scottish Natural Heritage SNH Sunday Night Heat (wrestling) SNH Society for Netherlandic History SNH Supervision Network Hub ) today filed its restated Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for 2005 and Quarterly Reports on Forms 10-Q for each of the first three quarters of 2006. On January 26, 2007, SNH announced that it had discovered an error in its previously issued financial reports for the year ended December 31, 2005 and for the periods ended March 31, June 30 and September 30, 2006. This error resulted from the fact that SNH recorded charges related to the early extinguishment of debt in the fourth quarter 2005 when $52.5 million of notes were called for early redemption, rather than in the first quarter of 2006 when the notes were redeemed and the charges should have been recognized under generally acceptable accounting principles, or GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). . The restated reports filed with the SEC today move the prepayment charge of $5.2 million from the fourth quarter of 2005 into the first quarter of 2006 and into the year to date results of other periods in 2006. Senior Housing Properties Trust is a real estate investment trust, based in Newton, Massachusetts The City of Newton in Middlesex County, Massachusetts, is an important residential suburb of Boston, which abuts it on the east. According to the 2000 census, the population of the Newton was 83,829, making it the tenth largest city in the state. , which owns 196 senior living properties located throughout the United States. |
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