| Market Capitalization (Millions $) |
344 |
| Shares
Outstanding (Millions) |
186 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
211 |
| Net Income (TTM) (Millions $) |
113 |
| Cash Flow (TTM) (Millions $) |
275 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Northstar Healthcare Income Inc. (NHI) is a publicly-traded real estate investment trust (REIT) focused on the healthcare industry. They invest in healthcare-related senior housing, medical office buildings, and skilled nursing facilities across the United States. The company operates as a closed-end fund, meaning that it has a fixed number of shares available for purchase, which are not redeemable for cash.
NHI was formed in 2013 and had its initial public offering in the same year, raising $316 million. The company's CEO is Ronald Jeanneault, and it is headquartered in New York City.
The company's portfolio includes 42 properties, with a total of4 million square feet of rentable space. The majority of these properties are medical office buildings or senior housing. The properties are leased to tenants such as hospitals, medical practices, and senior living facilities.
As a REIT, NHI must distribute at least 90% of its taxable income to shareholders in the form of dividends. The company's dividend yield is currently around 8%.
However, NHI has faced challenges in recent years due to a shift in healthcare policies and the COVID-19 pandemic. The company's occupancy rates and rental income have been impacted, and they have had to restructure some of their leases.
NHI is also facing two class-action lawsuits. One is alleging that the company made false and misleading statements about its business prospects, while the other claims that the company breached its fiduciary duties to shareholders.
In October 2021, NHI announced that it has entered into an agreement to sell 11 senior living facilities to a private healthcare real estate investment firm for $377 million. This sale is part of the company's plan to realign its portfolio and focus on medical office buildings.
Overall, NHI is a healthcare-focused REIT that has faced challenges but is actively taking steps to adapt to changing market conditions.
Company Address: 575 Lexington Avenue New York 10022 NY
Company Phone Number: 777-3135 Stock Exchange / Ticker: NHHS
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