Better Senior Housing REIT: Sabra Health Care or Welltower?
These senior housing REITs have bounced back from the pandemic.
Overview
Senior housing real estate investment trusts (REITs) took a beating during the pandemic, with lower occupancy rates and rising labor costs cutting into margins. REITS such as Sabra Health Care (NASDAQ: SBRA) and Welltower (NYSE: WELL) are bouncing back now.
Demographic tailwinds, mainly the aging baby boomer population, are driving record demand for senior care beds. By 2050, the global population aged 65 and above is projected to nearly double, from 703 million in 2023 to 1.5 billion.
Because new construction has remained highly limited over the last few years, Sabra and Welltower are benefiting from an environment in which demand heavily outstrips supply, pushing rent coverage levels to new highs.
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Originally published at www.fool.com.