Ventas Senior Housing Performance Improves from April Lows, CEO Expects Ongoing Covid-19 Hotspots

Ventas (NYSE: VTR) is seeing promising trends in its senior housing portfolio, but CEO Debra Cafaro is clear that her company and the economy as a whole are still captive to Covid-19. “We’re all prisoners of the virus,” Cafaro said Tuesday during a panel at Nareit’s REITweek Virtual Investor Conference. Chicago-based Ventas is a real […]

Seeking A Roadmap: What To Expect In A Senior Living Earnings Season Like None Other

Publicly traded senior housing owners and operators begin reporting their Q1 2020 earnings next week, but these financial results will be essentially irrelevant due to Covid-19. Analysts, investors and senior living professionals hope that the earnings reports and comments from executive teams will provide a clearer sense of Covid-19’s effects on the industry and what […]

Senior Housing REITs At Risk Of ‘Sharp, Prolonged’ Credit Metric Deterioration

Real estate investment trusts (REITs) with significant exposure to senior housing could be facing a “sharp, prolonged deterioration in credit metrics,” rating agency Moody’s stated in a report issued Wednesday. In particular, these REITs run the risk of rent deferrals and other types of restructurings if shelter in place restrictions related to the coronavirus pandemic […]

Capital Senior Living Gets Rent Forbearance, Lease Terminations from Ventas, Welltower

Capital Senior Living (NYSE: CSU) took another step toward stabilizing its balance sheet. Capital reached rent forbearance agreements with two of its real estate investment trust (REIT) landlords — Toledo, Ohio-based Welltower (NYSE: WELL) and Chicago-based Ventas (NYSE: VTR), the Dallas-based operator announced in an SEC Form 8-K filing on Monday. Additionally, Capital agreed to […]