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SNF Beds
Measures the number of skilled nursing facility beds owned or leased, reflecting exposure to long-term care services. SNF performance is sensitive to occupancy, operator quality, and Medicare/Medicaid reimbursement, so bed counts help assess revenue stability and regulatory risk.Stable SNF bed counts through 2024 give way to a sharp drop in late‑2025/early‑2026, which aligns with LTC’s disclosed dispositions and loan payoffs as it reallocates capital into SHOP. That explains near‑term rent/FFO variability: management is deliberately shrinking SNF exposure to fund higher‑growth SHOP assets, so upside is tied to execution of promised SHOP acquisitions and timing of asset sales — watch transaction timing, occupancy recovery, and leverage as the main risks to the thesis.
Date | SNF Beds |
|---|---|
Jun 30, 2026 | 7.77K |
Mar 31, 2026 | 8.02K |
Dec 31, 2025 | 8.31K |
Sep 30, 2025 | 9.21K |
Jun 30, 2025 | 9.36K |
Mar 31, 2025 | 9.36K |
Dec 31, 2024 | 9.36K |
Sep 30, 2024 | 9.36K |
Jun 30, 2024 | 9.68K |
Mar 31, 2024 | 9.57K |