National Health Investors (NYSE: NHI) posted a bumpy second quarter pressured by rent collection, but executives said the company continues to eye deals with expectations to announce new investments in 2023 as economic conditions are beginning to favor a “buyer’s market.” “[Tenants] are struggling in this post pandemic era, which introduces variability to our quarterly […]
National Health Investors
National Health Investors (NYSE: NHI) reported a favorable first quarter, with executives saying Wednesday that the company is well positioned to return on historical investment trends as market conditions improve. “We are content to be patient and believe we are in the enviable position of having significant capital to deploy at a time when capital […]
Despite the challenges facing the nursing home industry, National Health Investors Inc. (NYSE: NHI) executives said on Wednesday that the real estate investment trust is on track for stable growth backed by steady performance of its skilled nursing facilities and its portfolio optimization. Still, the REIT’s Q4 2022 results point to ongoing challenges, including two […]
National Health Investors Inc. (NYSE: NHI) teased more investment activity before the end of the year, as sales of underperforming assets continue to buy the real estate investment trust (REIT) freedom to take advantage of a normalizing seller’s market. NHI CEO Eric Mendelsohn said the Murfreesboro, Tenn.-based REIT is targeting another $50 million to $60 […]
When National Health Investors (NYSE: NHI) announced it had collected 82.7% of its rent for the month of November, none of its nursing home tenants were among the list of deferrals. That’s because, according to NHI leadership, the real estate investment trust (REIT) works with the “best-in-class operators” for its SNF portfolio. Out of 222 […]
After skilled nursing occupancy recovery declined in September for the first time in seven months, some analysts are concerned that consistent staffing shortages will impact the real estate investment trusts who are landlords to operators nationwide, at least in the near-term, according to a Dec. 8 note from BMO Capital Markets. National data collected from […]
National Health Investors Inc. (NYSE: NHI) CEO Eric Mendelsohn said its skilled nursing operators serve as a “blueprint” for long-term stability and growth at this point in the pandemic, during a third quarter earnings call late Monday. NHI’s skilled portfolio represents 32% of its annualized cash revenue, with National Healthcare Corporation (NYSE: NHC) and the […]
National Health Investors’ (NYSE: NHI) skilled nursing assets are outperforming assisted and independent living properties at this stage of the pandemic. Memory care is also on the company’s list of underperforming assets. These three types of properties experienced more significant occupancy and margin pressure, driven by staffing shortages and in turn increased hourly rates and […]
Leadership at National Health Investors said they are cautiously optimistic for the future, with operators seeing an uptick in lead sales and move-ins alongside a rollout of vaccine clinics across its communities for the first financial quarter. Its skilled nursing segments, which represent more than 50 percent of its cash revenue in addition to entrance […]
The vaccine rollout at nursing homes and other congregational care settings has brought rapid and substantial declines in COVID-19 case numbers, but leaders at a top landlord in the sector say the desperately welcome trend has yet to have an impact on persistently low occupancy. “Fortunately, the rollout of the vaccine to over 94% of […]
The COVID-19 vaccines being distributed in skilled nursing and long-term care facilities constitute a light at the end of the tunnel, at least in terms of the clinical ravages inflicted in SNFs and other institutional settings. But it’s far from clear what effect that will have on the number of patients and residents in those […]
With a combination of strong federal relief and a seemingly safe place in the wider health care continuum, skilled nursing facilities have repeatedly emerged as bright spots in an otherwise hazy financial outlook for players in the senior housing and care sector. Fitch Ratings on Tuesday added to that trend in awarding a BBB- rating […]
The real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI), offered a concise take on the varied impacts of the COVID-19 pandemic for the senior housing and skilled nursing sectors while reporting its third quarter results Tuesday. “The difference between skilled nursing and senior housing is like a tale of two cities,” Eric […]
Major skilled nursing landlords are likely to institute rent reductions over the course of 2021 in order to help keep them afloat, according to Fitch Ratings — but the effect won’t be equally felt across all operators. In affirming twin BBB- ratings for Omega Healthcare Investors (NYSE: OHI) and National Health Investors (NYSE: NHI), Fitch […]
Walker & Dunlop last week announced the closure of $25 million in Department of Housing & Urban Development-backed financing for a skilled nursing and supportive living facility. The Bethesda, Md.-based real estate finance firm provided $10.7 million in financing for the 106-bed Landmark of Laurel Creek, a skilled nursing facility in Manchester, Ky. The property, […]
The COVID-19 pandemic has hit the skilled nursing field particularly hard, given the frailty of the residents and the challenges in securing testing and personal protective equipment (PPE) for both them and staff. But one major health care real estate investment trust (REIT) is optimistic on the possibilities of skilled nursing in the long term. […]
Most of the real estate investment trusts (REITs) with holdings in skilled nursing and senior housing facilities can weather the financial strains caused by COVID-19, a major credit rating agency affirmed this week — but only if current trends hold. Various REITs have responded to the pressures of the coronavirus pandemic by taking steps to […]
The stock market was rocked on Monday by a combination of factors, including concerns about the novel coronavirus, with a sharp downturn Monday morning triggering a temporary halt on trading — and the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all ending the day down more than 7%. But even though the […]
National Health Investors (NYSE: NHI) touted the strong coverage of its skilled nursing portfolio and the potential positives of the new Medicare reimbursement system for SNFs in its most recent earnings call with investors — but the real estate investment trust (REIT) won’t be diving headlong into the space as a result. “I think we […]
Ignite Medical Resorts, an Illinois-based operator of post-acute care facilities, continued its expansion push this week in a new partnership with Sabra Health Care REIT (Nasdaq: SBRA). Ignite formally took over management of three Sabra-owned properties in Oklahoma City, Bartlesville, and Norman, Okla. on New Year’s Day, the provider announced Thursday. The previous operator, Vision […]
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