other material
confidence high
sentiment neutral
materiality 0.50
Strategic Student & Senior Housing Trust holds NAV at $6.08; senior housing occupancy rises to 86% in Feb 2022
Strategic Student & Senior Housing Trust, Inc.
- Q4 2021 senior housing occupancy flat at 82% due to Omicron and staffing shortages; student housing nearly full.
- Board approved estimated NAV of $6.08 per share as of Dec 31, 2021, unchanged from June 2020.
- Sale of Florida State student community repaid $17M of bridge loan; gross proceeds of $2.3M from DST liquidations.
- Received ~$800k in HHS grants and extension of reduced $1.8M cash reserve requirement through Dec 2022.
- Senior housing occupancy increased to 86% in February 2022; management sees green shoots but staffing and inflation persist.