Occupancy and revenue grew for The Pennant Group (Nasdaq: PNTG) in the third quarter of 2023 – and operational flexibility is a big reason why, according to the company’s top leader. Average occupancy for Pennant’s 51 senior living communities registered at 78.9% in the third quarter of 2023, an increase of 240 basis points over […]
Category: Management
National Health Investors (NYSE: NHI) is continuing to tweak its relationships with operating partners to better maximize its senior housing results, and the company’s top leader said he is “gaining confidence” that a runway for new growth is within reach. The senior living operators in Murfreesboro, Tennessee-based NHI’s senior housing operating portfolio (SHOP) have had […]
Thanks to a data-first analytics approach inspired by the film “Moneyball,” Pegasus Senior Living is on an upward trajectory in staffing and occupancy. The Dallas, Texas-based senior living provider is thinking about more operations growth internally than external growth. With current capital market constraints, CEO Chris Hollister sees select acquisition opportunities for external expansion and […]
Sabra Health Care REIT (Nasdaq: SRBA) saw continued recovery in its senior living portfolio with strength stemming from occupancy gains and independent living (IL) demand. With an annualized cash net operating income (NOI) opportunity across senior living managed assets of approximately $27 million, leadership highlighted the company’s continued recovery. Revenue per occupied room (RevPOR) in […]
Welltower (NYSE: WELL) is reloading its”growth bazooka” with fresh ammunition to fund senior housing acquisitions amid what CEO Shankh Mitra recently called “the best environment for investments that we have ever seen.” The Toledo, Ohio-based company on Monday announced a sale totaling $1.5 billion in gross proceeds from a public offering of 17.5 million shares […]
Brookdale Senior Living (NYSE: BKD) is planning for occupancy and margin growth in the year ahead as the company further “leans in” to providing health care services in its communities. The Brentwood, Tennessee-based company during an earnings call with analysts and investors Tuesday reported “strong” occupancy gains and a more than 10% increase to resident […]
The National Investment Center for Seniors Housing and Care (NIC) has awarded $3 million to establish a new collaborative aimed at creating new ideas and concepts meant to serve an incoming generation of older adults. The funding has been awarded to the Santa Monica, California-based Milken Institute to establish the Aging Innovation Collaborative (AIC) within […]
Sinceri Senior Living has its sights set on “double-digit occupancy growth” next year in a bid to widen margins further into 2024 — and CEO Chris Belford is feeling optimistic. Vancouver, Washington-based Sinceri has already surpassed pre-Covid levels in occupancy and all operating metrics are trending positive, Belford told SHN during a recent interview at […]
The slow rate of new construction starts and looming demand from the baby boomers have led to “the most favorable supply demand fundamentals the industry has ever experienced,” according to the top leader of Ventas (NYSE: VTR). Thanks to those conditions, Ventas CEO Debra Cafaro laid out that she sees “a compelling backdrop for multi-year […]
While short-term rent challenges remain between Maplewood Senior Living to Omega Healthcare Investors (NYSE: OHI), CEO Taylor Pickett believes the operator and other partners will in the future generate “reliable and growing cash flows” – the only thing he is unsure of is the timing of the company’s repayments. During the company’s third quarter earnings […]
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