This High-End Healthcare REIT Is Going Mass Market
Welltower (NYSE: WELL) and its healthcare real estate investment trust (REIT) peers have been suffering lately as COVID-19 has spread throughout the United States. The stock is down roughly 45% from its early-2020 highs. For those thinking long-term, however, this well-run REIT is worth a closer look. In fact, even as it deals with COVID-19, it is laying the foundation for future growth by expanding into a new market segment. Here's a quick primer on what you need to know.
Before getting to the long-term picture here, it is important to address the near term. COVID-19 is a very material threat to healthcare real estate investment trusts like Welltower. Although diversified, Welltower generates around 63% of its rents from senior housing facilities. The residents of these properties are at an elevated risk of dying from COVID-19, on top of the fact that the disease appears to spread easily in group settings.
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Source Fool.com
