SSSHT Q1 senior housing NOI up 28% YoY; occupancy rises to 92%

Strategic Student & Senior Housing Trust, Inc.

Q1 2025 senior housing revenue +$0.7M (+8%) vs Q1 2024; expenses -$0.1M (-1%).
Property net operating income increased $0.6M (+28%) year-over-year.
Occupancy improved from 90% (Dec 2024) to 92% (Mar 2025).
Portfolio now 4 senior housing communities (~600 units) after selling last student property in July 2024.
Modest capex underway at three Utah communities; completion expected Q3 2025.

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