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SNR - New Senior Investment Group: This Is Where You Bid Adieu
New Senior Investment Group Inc.
New Senior Investment Group (SNR) reported Q2-2019 numbers, and while it missed a bit on the funds from operations ((FFO)) numbers, it also raised the low end of its adjusted FFO ((AFFO)) guidance for the year. We broke down the numbers to see if SNR was getting back on the right trajectory.
A brief recap
SNR got itself into trouble by trying to capitalize on the senior housing boom while failing to realize that overwhelming levels of new construction can more than compensate for moderate increases in demand. To make matters more