Chicago-based real estate investment trust Ventas will make adjustments to its corporate cost structure in response to the COVID-19 pandemic’s impact on the firm, according to a Securities & Exchange Commission filing Wednesday.
A week after the sector’s largest companies reported first-quarter earnings, several analysts have shared their views on how healthcare real estate investment trusts are faring amidst the ongoing COVID-19 pandemic, according to an S&P Global Market Intelligence article.
Similar to other senior living operators and real estate investment trusts with senior housing portfolios, Ventas is reporting some pretty grim numbers for the first quarter and the part of the second quarter that has passed. The company hopes that new testing and rent deferral programs will help operators, however.
Ventas is one of the largest and most diversified healthcare real estate investment trusts in the United States, and has enjoyed dividend growth for nine straight years. But the COVID-19 pandemic threatens to snap the Chicago-based REIT’s streak, according to an analysis by The Motley Fool.
Occupancy at senior living communities potentially could fall by half in the next year if move-ins come to a halt as a result of the coronavirus pandemic, according to BMO Capital Markets.
Ventas announced Monday that it is offering a 25% deferred rent payment for April for its operators in triple-net leases — about 20% of its portfolio by net operating income.
EEOC provides guidance for employers during pandemic … Ventas declares first quarter 2020 dividend … Pennant acquires Boston affordable senior housing community
As coronavirus disease 2019 (COVID-19) spreads in the U.S. and senior living companies face increasing challenges, the Senate on Tuesday did not vote on a relief bill passed by the House. Senate Majority Leader Mitch McConnell (R-KY), however, promised action this week.
The CEOs of two large senior housing real estate investment trusts reassured their residents, staff and investors Tuesday that the companies are prioritizing resident and staff health and safety above all else amidst the coronavirus pandemic.
Dallas-based Capital Senior Living has reached agreements to terminate its master leases with real estate investment trusts Ventas and Welltower, the operator announced Monday.
