Why Senior Living Operators’ ‘Real Test’ in Occupancy is Soon to Come

This story is available as part of your SHN+ membership Senior living operators are especially optimistic about the prospect of further occupancy growth in the coming year, at least according to their public comments. But as promising as 2024 seems, I think senior living operators still have a substantial hill left to climb and therefore […]

What’s Behind Recent Senior Living Margin Expansion – And What Lies Ahead

This content is available as part of your SHN+ membership Third quarter earnings calls highlighted the pain to be inflicted by “higher for longer” interest rates, but the calls also revealed positive trends related to the improving operating environment for senior living. In particular, leaders with Welltower (NYSE: WELL), Ventas (NYSE: VTR) and Brookdale (NYSE: […]

Welltower Announces $1.5B Stock Sale to Acquire Senior Housing Properties

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 […]

The Case for a Bolder Strategic Pivot for Brookdale Senior Living

So far in 2023, senior living headlines reveal a sector in pain, with industry giant Brookdale (NYSE: BKD) among those feeling the sting. Late last week, Brookdale warned that full-year 2022 earnings would likely be below expectations and announced a C-suite shakeup. Today, the share price hit a new 52-week low, at $2.42 a share. This […]

10 Most-Read Senior Housing News Stories of 2022

While many senior living providers continued the long march towards a pandemic recovery, the industry saw operators innovate with new development, and familiar players in the space face new challenges in 2022. Tackling the “quiet quitting” labor issue and reports of a Brookdale Senior Living (NYSE: BKD) sale led to the most-read top stories on […]

What Integra Blowback Means for Welltower’s Senior Living Strategy, the SNF Investment Landscape

Welltower (NYSE: WELL) is taking heat. At issue is the deal to transition 147 skilled nursing facilities from a JV with ProMedica into a newly formed JV with Integra Health. The controversy has implications for Welltower’s senior living strategy and the future of skilled nursing investment generally. Last week, Hindenburg Research released a lengthy report […]

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 […]

Brookdale Dodges Seasonal Occupancy Declines in Q1 as Labor Expenses Remain High

Brookdale Senior Living (NYSE: BKD) held on to recent occupancy gains in the first quarter of this year as the company faces headwinds from rising operating expenses and continued staffing challenges. Brentwood, Tennessee-based Brookdale — the nation’s largest senior living operator with 679 communities — reported more than 2,000 move-ins during March, totaling the highest […]

Brookdale Posts First Year-Over-Year Occupancy Growth Since Pandemic Began

Brookdale Senior Living (NYSE: BKD) on Wednesday reported weighted average occupancy of 73.5% for November 2021, marking nine consecutive months of growth.  November also was the first month of positive year-over-year growth for Brookdale’s weighted average occupancy since the Covid-19 pandemic began. Brentwood, Tennessee-based Brookdale is the nation’s largest senior living provider, with a portfolio […]