Consistent dividend growth.
Over the past decade, SNH has achieved consistently solid financial performance and dividend growth. Since inception, SNH has paid out over $2.7 billion in distributions to investors through March 31, 2016, including dividend increases in four of the last five years.
SNH owns 428 healthcare related properties. It has geographic diversification with properties in 43 states and Washington, D.C. and it has tenant diversification with approximately 640 tenants.
SNH owns high quality assets with low historical per unit, per square foot or per bed costs. Property types include private pay senior living communities, medical office, clinic and biotech lab buildings, private pay wellness centers and skilled nursing facilities.
Minimal Medicare exposure
Only 3% of SNH’s net operating income (NOI) comes from skilled nursing facilities, which is among the lowest concentration levels of the publicly traded healthcare REITs.
Conservative financial approach
SNH has a conservative balance sheet and is investment grade rated (Moody’s: Baa3; S&P: BBB-). Since it was first rated in 2001, its debt has averaged only 38% of total book capital. It has well laddered debt maturities with approximately 95% coming due after 2017.