Following a decline in occupancy in early March, real estate investment trust Welltower saw spot occupancy increase in recent weeks, with an approximate gain of 30 basis points (0.3%) since March 12. That’s according to a presentation by the firm Tuesday at the second annual Mizuho Healthcare REIT Conference.

The Toledo, OH-based REIT also told investors that it expects to achieve the top end of its normalized funds from operations guidance range of 71 cents to 76 cents per diluted share for the first quarter. Lead generation for many communities has returned to pre-COVID levels following a steep decline in COVID-19 cases. Last month, Welltower successfully closed a $750 million offering of 2.8% senior unsecured notes due in June 2031.

Occupancy updates were similar for Sabra Health Care REIT in its Mizuho presentation Tuesday. The Irvine, CA-based REIT saw occupancy for its skilled nursing/transitional care portfolio hit a trough in the final weeks of December and through March 15 has increased 66 basis points (0.66%). The firm reported that its top seven skilled nursing operators, which comprise 62% of its skilled nursing rent, saw increased occupancy of 250 basis points (2.5%) since the December low. Similarly, occupancy for Sabra’s total senior living portfolio bottomed out during the first half of February and essentially has been flat for the past four weeks.

Sabra executives also noted that through March 15, the firm has collected 99.9% of its forecasted rents.

“While we have agreed to short-term, temporary pandemic-related rent deferrals for three tenants of one to three months of rent, we have not granted any permanent pandemic-related rent concessions since the beginning of the pandemic,” executives wrote. Total pandemic-related deferrals equal $0.7 million, the firm report.

Westlake Village, CA-based seniors housing REIT LTC Properties also released a presentation for the Mizuho conference Tuesday, but the firm did not share any updated numbers related to occupancy. Last month, LTC announced that it would be transitioning 11 Texas skilled nursing facilities operated by ABRI/Senior Care to Texas-based HMG Healthcare by the end of the second quarter. The move came as LTC sent a notice of default to ABRI Health Services/Senior Care Centers for nonpayment of March rent and additional charges owed under the master lease.