dividend
confidence high
sentiment positive
materiality 0.65
Strategic Student & Senior Housing Trust announces $3.2M distribution from property sale, Q3 NOI up $0.3M
Strategic Student & Senior Housing Trust, Inc.
- Distribution of $3.2M ($0.24/share) from net proceeds of Fayetteville student housing sale; payable week of Dec 16, 2024.
- Q3 2024 property revenues up ~$0.6M YoY; property NOI up ~$0.3M; operating expenses up ~$0.3M.
- Senior housing occupancy ~91% as of Sep 30, 2024 (vs ~92% as of Jun 30, 2024).
- 2025 plan: improve operational efficiencies, invest in Utah capital projects, hold operators accountable.
- Achieved 2024 goals: extended KeyBank bridge loan, refinanced and sold Fayetteville property, paying distribution.