OH OHI Omega Healthcare Investors 로딩 중... : 애널리스트의 강세 및 약세 의견

Management highlights that new senior housing development projects generally do not pencil out because current rents need to be 25-40% higher and trended yields need to reach ~8%, which is well above current acquisition yields of ~6.5%. — This confirms a sustained supply shortage for the sector, which should support pricing power and occupancy gains for existing senior housing operators for years to come.

Management explicitly noted that senior housing is attracting more competition as capital flows in, with a 'drifting down in cap rates' and recent acquisitions reported at sub-7%. However, they believe their scale, relationships (70%+ repeat operators, 50%+ repeat sellers), and operating platform give an advantage to continue sourcing deal flow at attractive risk-adjusted yields. — Shows that private market cap rates for senior housing are compressing, implying asset values are rising, which supports a bullish view on the sector and validates other senior housing REITs' asset pricing.