About Steve Monroe

Stephen M. Monroe has been a healthcare and senior care financial expert for over 30 years. In addition to being an often-quoted healthcare finance expert in mainstream media, he has published over 50 bylined articles dealing with various aspects of investing in health care and senior’s housing. &nbsp He is also called upon to keynote and speak at organizations such as the American Seniors Housing Association, Assisted Living Federation of America, National Investment Center for Seniors Housing and Care, American Health Care Association and the New York State Health Facilities Association, among others. See Full Bio

Articles Written by Steve Monroe

Sabra Health Care REIT Cuts Dividend

Sabra Health Care REIT Cuts Dividend

by | Mar 27, 2020 4:39 am | Opinion

It was bound to happen. When the share prices of healthcare REITs plunged by 50% and more, their yields spiked to rates unheard of, with four of them over 15%. Sabra Health Care REIT was one of them, peaking at 30.4%. This was not only absurd, but not sustainable. As... Read More »
Avoiding The MAC Clause?

Avoiding The MAC Clause?

by | Mar 26, 2020 4:39 pm | Financings, Opinion

Last week, we were surprised to hear that a few companies quickly drew down on their revolving lines of credit. In the case of Ventas, the amount was $2.75 billion and they withdrew 2020 earnings guidance as well. For Brookdale Senior Living, they did a full... Read More »
Newmark Sells Connecticut Community

Newmark Sells Connecticut Community

by | Mar 26, 2020 4:33 pm | Acquisitions

Newmark Knight Frank closed on a large senior living community in Farmington, Connecticut a few weeks before the COVID-19 pandemic let loose in the Northeast. The community was built in 2015 and has 89 assisted living and 45 memory care units for a total of 134 units.... Read More »
Stock Buybacks vs. Dry Powder

Stock Buybacks vs. Dry Powder

by | Mar 25, 2020 6:52 am | 60 Seconds, Opinion

Should REITs be using excess cash to buy back their shares at cheap prices, or wait and go bargain hunting for cheap properties? Good morning. I am in day nine of my 14-day self-quarantine, and have yet to go stir crazy. Apparently, in Connecticut, liquor stores are... Read More »

Irrational Valuations for REIT Shares

by | Mar 20, 2020 9:27 am | Opinion

What a week it has been. At the market’s close on Wednesday, Ventas was yielding 18.7%, Omega Healthcare Investors 18.0% and Sabra Health Care REIT 30.4%. This assumes they all maintain their current dividend rates. Ventas just announced... Read More »