HCP, Inc. (NYSE: HCP) has set out to reinvent its senior housing portfolio, and company leaders believe that they are “making massive progress.” The Irvine, California-based real estate investment trust (REIT) is currently “remaking [its senior housing portfolio] in a pretty dramatic way,” switching up the properties it owns, the providers it works with, the […]
HCP Inc.
Brookdale Senior Living (NYSE: BKD) may only be in the “first inning” of its turnaround—but the company’s leadership is making progress on improving operations, and investors appear to like what they see. The Brentwood, Tennessee-based senior housing provider reported its first-quarter 2018 financial results on Monday after market close. Overall, the company posted a $457.2 million […]
HCP, Inc. (NYSE: HCP) is hoping to get away from the “noise of repositioning” and finally start transforming. Addressing its senior housing portfolio is one key part of achieving this transformation, and leaders with the Irvine, California-based health care real estate investment trust (REIT) laid out their plans Thursday, in conjunction with announcing first-quarter 2018 earnings. One major facet […]
It’s still early in what analysts had predicted would be an “eventful” earnings season for health care real estate investment trusts (REITs), but several telling themes have emerged in the reports released thus far, and they show a industry under duress. Beyond a harsher-than-normal flu season and concerning levels of new supply, health care REITs—and senior housing REITs, […]
HCP, Inc. (NYSE: HCP) has come a long way from the company it was a few years ago. “By all measures, 2017 was a pivotal year in our transformation of HCP,” Thomas Herzog, president and CEO of the Irvine, California-based real estate investment trust (REIT), said during the company’s fourth-quarter and full-year 2017 earnings call […]
HCP Inc. (NYSE: HCP) is feeling a bit of financial pressure due to a skilled nursing company that’s struggling to repay a loan. The Irvine, California-based real estate investment trust (REIT) is expecting that the resulting material impairment will exceed $20 million. The skilled nursing company in question—Tandem Health Care—currently owns 32 post-acute or skilled […]
The stock market up-and-down continued for Brookdale Senior Living (NYSE: BKD) Tuesday, as the nation’s largest senior provider saw its share price drop in the hours after its third-quarter earnings call. Last week, the Brentwood, Tennessee-based company’s share values jumped on news that the company is pursuing a multi-faceted series of transactions with its longtime landlord, HCP Inc. (NYSE: […]
Brookdale Senior Living’s (NYSE: BKD) share price increased about 7.6% Thursday, following news that the company is pursuing a multi-faceted series of transactions with its longtime landlord, HCP Inc. (NYSE: HCP). Brookdale’s shares rose as high as $11.05 as of mid-day before settling at $10.59 by the time the markets closed. HCP investors also were behind the move, as […]
In a complex series of transactions, HCP Inc. (NYSE: HCP) is moving aggressively to reduce its exposure to Brookdale Senior Living (NYSE: BKD) and restructure its portfolio. The deals are expected to reduce HCP’s Brookdale concentration from about 27% of cash NOI and interest income to about 15.7%, improve lease coverage, and diversify tenant mix for the Irvine, California-based real […]
If the recent performance of CNL Healthcare Properties is any indication, private real estate investment trusts (REITs) aren’t struggling nearly as much with senior housing occupancy as their publicly traded counterparts. The Orlando, Florida-based non-traded REIT, which is sponsored by private investment management firm CNL Financial Group, increased same-store net operating income across its portfolio […]
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