National Health Investors - McKnight's Senior Living

National Health Investors

Business Daily briefs for Wednesday, May 12

Lifesprk, Tealwood Senior Living bring together 35 senior living properties across multiple states … 2021 shaping up as ‘difficult year’ with ‘uneven’ road to recovery: National Health Investors … Diversicare announces first-quarter financial results … Long-term care providers look to multidisciplinary approach for indoor air quality solutions … Business court opens in Georgia

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NHI defers another $3M in Bickford rent

National Health Investors has agreed to defer another $3 million in rent due for March from Bickford Senior Living, the real estate investment trust announced late Monday. Deferred rents for the first quarter of 2021 related to Bickford totaled $3.75 million, and these amounts are expected to be repaid with interest.

Eric Mendelsohn hedshot

Mounting rent deferrals leave analysts concerned about NHI’s recovery

Weakened rent collection in the fourth quarter has led some analysts to express concerns about how quickly National Health Investors will be able to recover from the COVID-19 pandemic. Yet executives at the firm are defending the real estate investment trust’s resilience amid a challenging year, and they confirm its commitment to the industry and confidence in the growth potential of the senior housing sector.

Ongoing concerns over pandemic recovery leads to NHI, Omega, Sabra downgrades from Mizuho

An analysis released Wednesday from investment banking firm Mizuho Securities USA includes a downgrade of real estate investment trust National Health Investors to “underperform” from “neutral.” The change stems from concerns around the larger senior housing operators in NHI’s portfolio, which either have tight rent coverage or already have been granted rent deferrals.

BMO Capital Markets predicts elongated seniors housing recovery, changes outlooks for REITs

Although the COVID-19 vaccines are expected to become more widely available as the first quarter continues, investment banking firm BMO Capital Markets is predicting an elongated recovery for the senior living industry, with cash flows not recovering to pre-pandemic levels until about 2025. That’s according to an analysis released Thursday by the firm.

senior living resident gets vaccinated against COVID-19

Positive vaccine news has led to partial recovery for healthcare REITs, but challenges remain

As ground zero for the pandemic, 2020 was a challenging year for healthcare real estate investment trusts. In the first quarter, for example, healthcare REITs saw a 36.8% decline — much of this stemming from COVID-19-related woes within the senior living and skilled nursing sectors. Recent positive news on vaccine approval and its subsequent rollout within the sectors helped healthcare REITs regain a good chunk of this loss, however, ending the year at a 9.8% decline compared with 2019, according to Nareit daily returns.

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