Welltower, Brookdale, Ventas Execs: Industry at Occupancy Inflection Point, Could Alter Pricing Dynamics

This article is available as part of your SHN+ membership Industry heavyweights Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Brookdale (NYSE: BKD) have now reported their Q423 and full-year results, and some themes and trends have emerged. The news is generally positive for the state of the industry, with leaders from all three companies zeroing […]

Welltower CEO: We ‘Strongly Believe’ Labor Market is Improving, RevPOR Increase Sets Record

Improvements in senior housing fundamentals for Welltower (NYSE: WELL) are creating a “strong setup for 2023,” according to CEO and Chief Investment Officer Shankh Mitra. Specifically, Welltower’s senior housing operators demonstrated historically strong pricing power in Q3 2022, and Mitra is even more excited about positive workforce trends. “We strongly believe the labor market is […]

LTC Properties Ramps Up Investments, Leaders ‘Prepared’ for Possible Brookdale Sale

LTC Properties (NYSE: LTC) is currently engaged in its most active year of investments in seven years, and leaders with the company are not done growing yet. The company has invested over $170 million in 2022, representing the highest level of investment since 2015, executives from the Westlake, California-based real estate investment trust (REIT) noted […]

Welltower CEO: ‘Perfect Storm’ of Expenses Hit Senior Living but Revenue Grew at Historic Pace

Senior living expenses rose sharply in the third quarter of 2021, but operators working with real estate investment trust Welltower (NYSE: WELL) also benefited from historically strong revenue growth, and they are driving rate to keep margins in check. In fact, Welltower posted the strongest sequential revenue growth in the company’s history last quarter, with […]

Promising Signs on Labor, But Senior Living’s Shortcomings on Workforce Have Been Exposed

The ongoing workforce crisis has been among the hottest topics at this week’s National Investment for Seniors Housing & Care (NIC) conference, and attention will be fixed on labor-related numbers when the largest publicly traded senior living owners and operators announce their Q3 2021 earnings later this week. While these earnings calls will provide some […]

Eclipse Senior Living Closure Shows Covid is Casting Long Shadow Over Industry

The impending closure of Eclipse Senior Living and the transition of its 90 communities to eight other operators is the latest upheaval to the industry, after nearly 20 months of pandemic-related disruption. Lake Oswego, Oregon-based Eclipse’s closure is obviously bad news, with 171 employees losing their jobs and shares of its real estate investment trust […]

BMO: Brookdale, Sunrise, Atria Still Logging Web Traffic Above 2019 Levels

Despite all of the recent disruptions from Covid-19, some of the country’s biggest senior living providers are still logging web traffic above pre-pandemic levels— good news for an industry anxiously awaiting what the coming months will bring. That’s according to BMO Capital Markets analysts Juan Sanabria and John Kim, who analyzed SimilarWeb website data for […]