Health Care REITs Anticipating the Needs of Aging Baby Boomers
Lukas Hartwich, a senior analyst covering the company for Green Street Advisors, says Omega was well positioned to weather a down cycle and now seems to be on solid footing, with most of the issues “in the rearview mirror.”
While it seems like the modern version of a nursing home, there’s more to it than that. “Think more along the lines of a senior citizen who has high acuity medical needs. They’re more medically dependent than just looking for somewhere to live,” Hartwich says.
“They have one of the best long-term total return track records of any REIT,” Hartwich says, adding that the company has flown somewhat under the radar. “I don’t know if that performance is very well known.”
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