60 Seconds with Swett: Welltower Is on a Roll
Welltower came out with its first quarter earnings on Tuesday, and surprise, surprise, it was yet another great quarter, and its share price jumped 3.5% immediately upon the news. It was the tenth consecutive quarter in which same store SHOP NOI growth exceeded 20%, at 21.7% in the first quarter. Guidance for same store NOI growth also rose by 100 basis points to a midpoint of 19.0% for FY2025. On Tuesday’s call, Welltower did mention that SHOP margins remain below pre-pandemic levels, but they may not be for long. Also, that issue currently plagues thousands of communities in this country and was prevalent in the years before COVID too. Perhaps that is why most of what we hear from... Read More »
60 Seconds with Swett: April Already Passes 50 Transactions
Tariff turmoil? Volatile and still-high interest rates? Uncertainty surrounding Medicaid spending, labor costs and HUD’s queue length? Seniors housing and care dealmakers have looked past a lot of this noise to announce 50 transactions in the first three weeks of the second quarter, putting the market on track for the busiest M&A period ever. We know we sound like a broken record, but the start of April did feel like we reached a new level of activity, and given the conversations we’ve been having in the last few weeks, the second and third quarters may only accelerate in deal volume. For some sellers, seeing through the January 2025 rate increases was enough to enter the transaction... Read More »
Interview with R.J. DeBee of BBG Real Estate Services
Ben Swett, Managing Editor of The SeniorCare Investor, sat down with R.J. DeBee of BBG Real Estate Services to talk about the findings from BBG’s annual investor survey. DeBee shares his thoughts on what was surprising about the results and highlights the points he agrees with. You can view the survey results here. Read More »
A Message from Steve Monroe on Brookdale: Brookdale CEO Is Out
While President Trump had a busy weekend changing course on some of his tariffs, the Board of Brookdale Senior Living was busy as well. After serving as CEO of Brookdale for just over eight years, and as CFO for three years before that, Cindy Baier is out as CEO and Board member effective April 13. The share price initially jumped by 10% on the news. This does not come as a surprise as the company has struggled financially during most of, if not all of, her tenure. To be fair, she inherited a lot of problems from her predecessor, Andy Smith, including expensive leases, a very bad acquisition and too many buildings. And then two years after she became CEO, the pandemic hit. We are not sure... Read More »
Land & Buildings Targets National Health Investors
It seems to be the season for activist investors not happy with investment values, but these days, who is happy unless you shorted the entire market on March 31? In addition to what is happening with Brookdale Senior Living, Land & Buildings, no stranger to the senior care industry, has put forward a few board candidates for National Health Investors. It seems they are not happy with the current board composition and believe there are a few conflicts of interest between board members who own NHI shares as well as shares of NHI’s major tenant, National Healthcare Corporation. L&B believes that the lease payments from NHC are too low, and that with an increase it would benefit... Read More »Schedule a demo
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