3rd Quarter Investor Call
On Thursday, October 23, The SeniorCare Investor’s Ben Swett moderated a panel featuring expert panelists Erik Lindenauer of NewPoint Real Estate Capital, Sarah Anderson of Newmark, and James Scribner of Scribner Capital. The discussion focused on the lending landscape amid improved capital markets, and expectations heading into 2026. Panelists examined the roles of key lenders HUD, Fannie Mae, Freddie Mac, banks and lifecos, and how competition among them has intensified with growing borrower demand. They also reflected on lessons learned from the capital markets chaos, and agreed that seniors housing lending and M&A activity will continue to grow in 2026. Read More »National Health Investors in the Mood to SHOP
National Health Investors posted another good quarter and, like many other companies, increased their earnings guidance for the rest of the year based on current performance as well as expected new investments. The REIT’s small SHOP portfolio posted a 29.4% year-over-year increase in NOI and will be transitioning six communities to the portfolio which had been triple-net leased. During the second quarter, NHI purchased six assisted living and memory care communities in Nebraska for $63.5 million, or $308,300 per unit. They will be leased at an initial rate of 8.0% plus 2.0% annual escalators for an initial 15-year term. See details on the deal here. In addition, the REIT is providing... Read More »
Brookdale Misses Revenue Targets, Again
Brookdale Senior Living continues to slap investors and analysts around, missing consensus revenue targets for the fourth quarter in a row. We know, never rely on “consensus” anything, but the company seems to always disappoint, even now when everything should be rallying. Investors did not like what they heard and sent shares tumbling by 10% in early trading, with some recovery later in the morning. It was not all bad news, of course. Occupancy continues to rise, with weighted average occupancy over 80% in the second quarter, a key benchmark, and same-community occupancy rose to 80.7% in the second quarter, up 190 basis points year over year and up 70 basis points sequentially.... Read More »
60 Seconds with Swett: SNFs Get a Boost from CMS
Support for the skilled nursing sector continues to flow from the government, both state and federal, and CMS finalized its FY2026 SNF Prospective Payment System rate increase of 3.2%, based on the final SNF market basket increase of 3.3% plus a 0.6% market basket forecast error adjustment and a negative 0.7% productivity adjustment, amounting to an increase in SNF PPS payments of $1.16 billion compared with FY2025. That is down from the 4.2% increase in reimbursement from the previous fiscal year but up from CMS’s initial proposed increase of 2.8%, announced back in April. And it comes after numerous states have already started to reconcile their Medicaid rates more closely with the... Read More »
Omega Beats Estimates
Omega Healthcare Investors released its second quarter results, beating estimates and demonstrating resilience amid the bankruptcy of Genesis Healthcare, one of the largest skilled nursing operators in the country. The REIT reported AFFO of $0.77 per common share, which was above the estimate of $0.75. Revenue also came in higher than expected, totaling $282.5 million as opposed to the projected $240.6 million. Omega completed approximately $527 million in new investments during the quarter, including $502 million in real estate acquisitions. The company purchased 45 facilities in the U.K. and Jersey for £259.8 million (approximately $344.2 million). The facilities were leased to... Read More »Schedule a demo
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