Invesque Inc. Provides Business Update and Announces Call to Discuss Business Update
TORONTO, March 6, 2025 /CNW/ - Invesque Inc. (the "Company" or "Invesque") (TSX: IVQ) (TSX: IVQ.U) has issued a business update (the "Update") which can be found on Invesque's website at the following link: https://invesque.com/company-presentations/ and on SEDAR+.
The Company will hold a conference call to review the Update on Wednesday, March 19 at 10:00am ET. Investors and other interested parties may access the conference call in the following ways:
DATE: | March 19, 2025 |
TIME: | 10:00 a.m. ET |
DIAL IN NUMBER: | Local (Toronto): 1-437-900-0527 North American Toll Free: 1-888-510-2154 |
RAPIDCONNECT URL: | To instantly join the conference call by phone, please use the following URL to easily register and be connected into the conference call automatically: |
TAPED REPLAY: | Local (Toronto): 1-289-819-1450 North American Toll Free: 1-888-660-6345 Replay Entry Code: 48632 # Expiration of Replay: March 26, 2025 |
Any questions regarding the Update should be emailed to ir@invesque.com no later than 5:00pm ET on Thursday, March 13 and management will try to address all questions during the conference call.
About Invesque
Invesque is a North American health care real estate company with an investment thesis focused on the premise that an aging demographic in North America will continue to utilize health care services in growing proportion to the overall economy. Invesque currently capitalizes on this opportunity by investing in a portfolio of income-generating, predominantly private pay seniors housing communities. Invesque's portfolio includes investments primarily in independent living, assisted living, and memory care, which are operated under long-term leases and joint venture arrangements with industry-leading operating partners. Invesque's portfolio also includes investments in owner-occupied seniors housing properties in which Invesque owns the real estate, the licensed operations, and provides management services through Commonwealth Senior Living, LLC, a Delaware limited liability company.
Forward-Looking Information
The Update contains certain forward-looking information and/or statements ("forward-looking statements"), that reflect and are provided for the purpose of presenting information about management's current expectations and plans relating to the future, including, without limitation, statements regarding the closing of the sale of certain assets under definitive agreements, the composition of the Company's portfolio (including pro forma portfolio footprint, property details, operating partners, net operating income ("NOI") and operator diversification), the strategic disposition of assets and ability to return value to shareholders as a result thereof; expected NOI increases for certain portfolios as a result of stabilization, renovations and/or operator changes; and expected new supply, increased demand and improved financing markets relating to the future of the senior care industry. Forward-looking information is typically identified by terms such as "anticipate," "believe," "continue," "expect," "expectations," "forecast," "may," "plan," "pro forma," "project," "should," "will," and other similar expressions that do not relate solely to historical matters and suggest future outcomes or events. Readers should not place undue reliance on forward-looking statements and are cautioned that forward-looking statements may not be appropriate for other purposes. Forward-looking information is generally based on a number of assumptions, opinions, and estimates, including, but not limited to: that the conditions to closing in respect of the sale of certain assets under definitive agreements will be satisfied or waived and that such transactions will close within the expected timeline; that the composition of the Company's portfolio will not change materially, including as a result of the disposition of assets; that the Company will be in a position to dispose of certain of its portfolios in the future; that NOI for certain portfolios will increase as expected due to stabilization, renovations and/or operator changes; that demand in the senior care industry will increase; that relatively low new supply in the senior care industry will continue in the short-term; and that interest rates will not increase materially. While these assumptions, opinions, and estimates are considered by the Company to be appropriate and reasonable in the circumstances as of the date of the Update and given the time period for such projections and targets, they are subject to a number of known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: the conditions to closing in respect of one or more of the sale of certain assets under definitive agreements will not be satisfied or waived and that such transactions will not close at all or within the expected timeline; the composition of the Company's portfolio will change materially as a result of the disposition of assets or otherwise; the Company will not be in a position to dispose of certain of its portfolios in the future as a result of there being no buyers or as a result of other market conditions; that NOI for one or more portfolios will not increase as expected; that demand in the senior care industry will not increase; supply in the senior care industry will increase; that interest rates will increase; the status of the economy; the status of capital markets, including, without limitation, availability and cost of capital; issues facing the health care industry, including, without limitation, compliance with, and changes to, regulations and payment policies, responding to government investigations and settlements and operators'/ tenants' ability to cost effectively obtaining and maintaining adequate liability and other insurance; the risk that the Company's operators/tenants and borrowers may become subject to bankruptcy or insolvency proceedings; changes in financing terms; competition throughout the health care and senior housing industries; the operating results or financial condition of operators/ tenants, including, without limitation, their ability to pay rent and repay loans, the Company's ability to transition, buy, or sell properties with profitable results as and when anticipated, and occupancy levels; the effect of other factors affecting the Company's business and facilities outside of the Company's or operators'/tenants control, including without limitation, natural disasters, other health crises or pandemics, governmental action, particularly in the healthcare industry, protests, strikes, and shortages in supply chains, as well as the risks described in the Company's current annual information form and management's discussion and analysis, available on the Company's profile on SEDAR+ at www.sedarplus.ca., which risks may be dependent on market factors and not entirely within the Company's control. These forward-looking statements reflect current expectations of the Company as of the date of the Update and speak only as of the date of the Update. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers are cautioned not to place undue reliance on any such forward-looking statements, which are given as of the date hereof, and not to use such forward-looking statements for anything other than the intended purpose. Further, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward- looking statements contained in the Update are expressly qualified by this cautionary statement.
SOURCE Invesque Inc.