Announces Third Quarter and Year To Date Results
KENNETT SQUARE, Pa., Oct. 15 /PRNewswire/ -- ElderTrust (NYSE: ETT), an
equity healthcare REIT, yesterday conducted a conference call to discuss the
reporting of third quarter 1999 earnings, the appointment of D. Lee McCreary,
Jr. as President and Chief Executive Officer and the Shareholders Rights Plan,
with investors. A replay of this call is available by calling:
Replay Number: 888-266-2086
Passcode: 2233809
Time Period: Until 11:59 p.m. EST Thursday, October 21, 1999
ElderTrust is a real estate investment trust that invests in real estate
properties used in the healthcare services industry, principally along the
East Coast of the United States. Since commencing operations in January 1998,
the Company has acquired direct and indirect interests in 31 buildings and has
loans outstanding of $49 million in construction and term financing on eight
additional healthcare facilities.
Certain matters discussed within this press release may be deemed to be
forward-looking statements within the meaning of the Private Securities Act of
1995. Although ElderTrust believes the expectations reflected in such
forward-looking statements are reasonable assumptions, it can give no
assurance that its expectations will be attained. Factors that could cause
actual results to differ materially from ElderTrust's expectations include
real estate conditions, information determined in the course of due diligence
review, changes in the economic conditions and other risks detailed from time
to time in the Company's SEC reports and filings. The Company assumes no
obligation to update or supplement forward-looking statements that become
untrue because of subsequent events.
For more information on ElderTrust via fax at no charge, please dial
1-800-PRO-INFO and enter ticker symbol ETT, or visit ElderTrust's Web site at
http://www.eldertrust.com .
SOURCE ElderTrust
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Related links:
http://www.eldertrust.com
CONTACT:
D. Lee McCreary, Jr., President & Chief
Executive Officer of ElderTrust, 610-925-4200
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