other material
confidence high
sentiment positive
materiality 0.35
SSSHT reports 1Q 2023 occupancy increases; NAV up 3% to $6.24
Strategic Student & Senior Housing Trust, Inc.
- Senior living occupancy rose to 89.8% from 87.9% at December 31, 2022.
- Student property YOUnion@Fayetteville averaged ~98% occupancy during 1Q.
- Property revenues (excl. sold asset) up ~$1.1M; expenses up ~$0.6M YoY.
- NAV per share as of September 30, 2022 increased 3% to $6.24 from $6.08.
- Changed senior living operator at Courtyard during 2Q 2023 to improve performance.