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New Senior Investment Group, Inc. (SNR) rallied after Q1-2019 results, and the stock is now up about 10% from prior to the news release. We dissect the report and give you our take as to whether the ecstasy was well deserved.
The adjusted net operating income ((NOI))
SNR investors have taken so many body blows that it is not hard for them to be pleasantly surprised whenever it appears that the trend has even paused for a quarter or two. In this case, it was possibly the same store positive NOI which squeaked into positive