Healtcare reits. I recently looked at the a few and bought SBRA and LTC. Already own DOC. Here's my 2 cents:
mob = med office bldg
sn = skilled nursing
sh / al = senior housing or assisted living
h = hospital
HCP and HCN are in a league of their own -- large mkt cap. They are also more diversified with assets in all categories. I noticed that HCN has a 10 rating for compensation and 8 board on yahoo profile. (big numbers are bad). HP is not showing much profit growth 2013-4-5. So I passed on those 2 reits.
HCN profile
I re-bought LTC and started SBRA this week. They are smaller than the 2 biggies. They own mostly SN with some SH. SBRA also has H. So they are more concentrated than the biggies, but have higher earnings growth expected. LTC has lower debt.
DOC owns MOBs. Now have outlook thru 2015 and the growth is reassuringly projected. DOC has been discussed here.
OHI has low growth outlook and I recently sold.
SNH is contaminated with CWH & portnoys.
MPW is hospitals. Medical Properties Trust Inc.’s ISS Governance QuickScore is 8. TAudit: 1; Board: 5; Shareholder Rights: 6; Compensation: 10. (from yahoo profile). I never liked their compensation and large qty free shares issued to mgmt. Stuck owning some $4.55 shares in a taxable acct.
There are a few other health care reits, but nothing excites me.
(I own a full DOC position and smaller amt of LTC and SBRA.)
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If anyone understands these governance ratings, pls post something. Are they worth considering?
Just for fun...
Corp Governance (from yahoo profile):
Sabra Health Care REIT, Inc.’s ISS Governance QuickScore as of Mar 1, 2014 is 1.
LTC Properties Inc.’s ISS Governance QuickScore as of Mar 1, 2014 is 6
Senior Housing Properties Trust’s ISS Governance QuickScore as of Mar 1, 2014 is 10 (of course!)
HCP, Inc.’s ISS Governance QuickScore as of Mar 1, 2014 is 2
HCN -- Health Care REIT, Inc.’s ISS Governance QuickScore as of Mar 1, 2014 is 9
Omega Healthcare Investors Inc.’s ISS Governance QuickScore as of Mar 1, 2014 is 4
Medical Properties Trust Inc.’s ISS Governance QuickScore as of Mar 1, 2014 is 8
DOC -- not rated. |
