08:24 AM EDT, 03/15/2024 (MT Newswires) -- Invesque Inc. ( MHIVF ) , a healthcare real estate company, on Friday reported its Q4 2023 results, in US$.

The company recorded quarterly revenue of $46.3 million, compared with $50 million, the year before.

Funds from operations were $2 million, or $0.03, per share, versus FFO of $7 million, or $0.12 per share, last year.

AFFO was $1.6 million, or $0.03 per share. The corresponding figures for Q4 2022 were $5.6 million, and $0.10.

"I am pleased to announce the disposition of five skilled nursing facilities over the last 30 days. A few years ago, Invesque ( MHIVF ) set out to become a predominately private pay seniors housing company and with only four skilled nursing facilities remaining in our portfolio today, the company has successfully achieved that goal," said Scott White, Chairman and CEO. "We will continue to focus on our seniors housing portfolio, which we believe is positioned well to take advantage of the expected increase in demand throughout 2024 and beyond."