Seniors Housing Weekly Update -- Great Year For Seniors Housing

January 15, 2013


 

January 15, 2013. 60 Seconds with Steve Monroe. Seniors housing stocks and health care REITs posted excellent returns in 2012.

Great Year For Seniors Housing

The American Seniors Housing Association is having its annual meeting next week, and they certainly have a lot to celebrate. The sector had its best stock market performance since 2009, with five of the six stocks posting returns in excess of 40%. Capital Senior Living took top honors with a 135% gain, followed closely by Sunrise Senior Living at 122% as a result of its acquisition by Health Care REIT, a deal which closed last week, a little ahead of schedule. Only Assisted Living Concepts turned in a negative year as it recovers from several legal and operational problems that are being blamed on the previous management. And the REITs that help finance the sector turned in another good year, with every one of them also posting double-digit returns when dividends are included. Sabra Health Care REIT led the pack with a total return of 90.6%, followed by four other REITs with total returns near 35%. With the economy and housing market improving, interest rates low and occupancy rates improving, 2013 should be a good year.

 

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