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.
COVID-19 affected Welltower’s business overnight, but the real estate investment trust remains committed to senior housing in its portfolio, executives said on a first-quarter earnings call.
Irvine, CA-based Sabra Health Care REIT declared a quarterly cash dividend of 30 cents per share of common stock Wednesday, to be paid on May 29 to common stockholders of record as of the close of business on May 18. The announcement came as the firm released its 2020 first quarter earnings results.
Trump signs $484 billion bill to aid small businesses, hospitals … Seniors housing sector likely to take the longest to recover from recession, some experts say … Fed will disclose bailout recipients each month … Study: COVID-19 direct medical costs could reach $163.3 billion to $654 billion in United States … Motley Fool: Welltower preparing to ride out the storm
Toledo, OH-based real estate investment trust Welltower announced Friday that occupancy within its seniors housing operating portfolio has fallen by 1.2% since March 27, declining from a rate of 85.4% to 84.2% as of April 10.
CMS proposes 2.3% Medicare increase for 2021 … Welltower and HCR ManorCare founder Fritz Wolfe dies … NIC MAP: Senior living occupancy falls slightly in first quarter … BMO Harris provides $12.3M to refine two Pennsylvania seniors housing properties
Welltower has withdrawn its bid to buy London-based Barchester Healthcare, which operates more than 200 assisted living, memory care and nursing care facilities in the United Kingdom, The Times reported Sunday.
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.
Toledo, OH-based real estate investment trust Welltower announced several steps late Wednesday that the firm has taken in recent weeks to strengthen its balance sheet and enhance its liquidity profile.
