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Senior Housing Properties Trust

Nasdaq:SNHN.L
Snowflake Description

Good value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SNHN.L
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. The last earnings update was 16 days ago. More info.


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SNHN.L Share Price and Events
7 Day Returns
-1%
NasdaqGS:SNHN.L
-0.3%
US REITs
-2.1%
US Market
1 Year Returns
-5.3%
NasdaqGS:SNHN.L
13.8%
US REITs
1.3%
US Market
SNHN.L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Senior Housing Properties Trust (SNHN.L) -1% -1.1% -5.9% -5.3% - -
US REITs -0.3% 2.4% 3.2% 13.8% 11.3% 25.6%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • SNHN.L underperformed the REITs industry which returned 13.8% over the past year.
  • SNHN.L underperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
SNHN.L
Industry
5yr Volatility vs Market

Value

 Is Senior Housing Properties Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Senior Housing Properties Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Senior Housing Properties Trust.

NasdaqGS:SNHN.L Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SNHN.L
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (198.09%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.24 * 5.96%)
10.12%

Discounted Cash Flow Calculation for NasdaqGS:SNHN.L using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Senior Housing Properties Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Senior Housing Properties Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NasdaqGS:SNHN.L DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 10.12%)
2019 255.68 Analyst x2 232.19
2020 212.48 Analyst x4 175.23
2021 252.67 Analyst x2 189.23
2022 253.62 Est @ 0.37% 172.48
2023 256.36 Est @ 1.08% 158.33
2024 260.40 Est @ 1.58% 146.05
2025 265.40 Est @ 1.92% 135.18
2026 271.15 Est @ 2.16% 125.42
2027 277.48 Est @ 2.33% 116.55
2028 284.28 Est @ 2.45% 108.44
Present value of next 10 years cash flows $1,559.09
NasdaqGS:SNHN.L DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $284.28 × (1 + 2.73%) ÷ (10.12% – 2.73%)
$3,953.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,953.16 ÷ (1 + 10.12%)10
$1,507.91
NasdaqGS:SNHN.L Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,559.09 + $1,507.91
$3,067.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,067.00 / 237.73
$39.44
NasdaqGS:SNHN.L Discount to Share Price
Calculation Result
Value per share (USD) From above. $120.54
Current discount Discount to share price of $24.24
= -1 x ($24.24 - $120.54) / $120.54
79.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Senior Housing Properties Trust is available for.
Intrinsic value
>50%
Share price is $24.24 vs Future cash flow value of $120.54
Current Discount Checks
For Senior Housing Properties Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Senior Housing Properties Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Senior Housing Properties Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Senior Housing Properties Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Senior Housing Properties Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SNHN.L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.34
NasdaqGS:SNH Share Price ** NasdaqGS (2019-05-24) in USD $7.93
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Senior Housing Properties Trust.

NasdaqGS:SNHN.L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SNH Share Price ÷ EPS (both in USD)

= 7.93 ÷ 0.34

23.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Senior Housing Properties Trust is good value based on earnings compared to the US REITs industry average.
  • Senior Housing Properties Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Senior Housing Properties Trust's expected growth come at a high price?
Raw Data
NasdaqGS:SNHN.L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-2.2%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.39x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NasdaqGS:SNHN.L PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.27x ÷ -2.2%

-10.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Senior Housing Properties Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Senior Housing Properties Trust's assets?
Raw Data
NasdaqGS:SNHN.L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.45
NasdaqGS:SNH Share Price * NasdaqGS (2019-05-24) in USD $7.93
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGS:SNHN.L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SNH Share Price ÷ Book Value per Share (both in USD)

= 7.93 ÷ 12.45

0.64x

* Primary Listing of Senior Housing Properties Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Senior Housing Properties Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Senior Housing Properties Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Senior Housing Properties Trust has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Senior Housing Properties Trust expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Senior Housing Properties Trust expected to grow at an attractive rate?
  • Senior Housing Properties Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Senior Housing Properties Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Senior Housing Properties Trust's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SNHN.L Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SNHN.L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -2.2%
NasdaqGS:SNHN.L Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 24.4%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SNHN.L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SNHN.L Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,776 69 3
2020-12-31 1,395 56 7
2019-12-31 1,002 59 4
NasdaqGS:SNHN.L Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,108 350 81
2018-12-31 1,117 393 287
2018-09-30 1,111 371 470
2018-06-30 1,098 387 459
2018-03-31 1,086 389 351
2017-12-31 1,075 419 148
2017-09-30 1,070 419 125
2017-06-30 1,068 422 119
2017-03-31 1,064 418 142
2016-12-31 1,058 424 141
2016-09-30 1,051 427 108
2016-06-30 1,043 405 118

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Senior Housing Properties Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Senior Housing Properties Trust's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SNHN.L Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Senior Housing Properties Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SNHN.L Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.23 0.23 0.23 1.00
2020-12-31 0.22 0.25 0.19 4.00
2019-12-31 0.24 0.34 0.04 4.00
NasdaqGS:SNHN.L Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.34
2018-12-31 1.21
2018-09-30 1.98
2018-06-30 1.93
2018-03-31 1.48
2017-12-31 0.62
2017-09-30 0.53
2017-06-30 0.50
2017-03-31 0.60
2016-12-31 0.60
2016-09-30 0.45
2016-06-30 0.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Senior Housing Properties Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Senior Housing Properties Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Senior Housing Properties Trust has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Senior Housing Properties Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Senior Housing Properties Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Senior Housing Properties Trust's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Senior Housing Properties Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Senior Housing Properties Trust's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Senior Housing Properties Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Senior Housing Properties Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SNHN.L Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,107.68 80.93 70.58
2018-12-31 1,117.16 286.87 85.89
2018-09-30 1,110.53 470.41 131.04
2018-06-30 1,098.17 459.02 119.89
2018-03-31 1,085.94 351.48 113.73
2017-12-31 1,074.73 147.61 103.69
2017-09-30 1,070.48 125.50 69.51
2017-06-30 1,067.85 118.99 61.74
2017-03-31 1,064.21 142.18 50.78
2016-12-31 1,058.02 141.30 46.56
2016-09-30 1,051.24 107.95 45.20
2016-06-30 1,042.54 118.30 43.41
2016-03-31 1,028.57 116.16 43.12
2015-12-31 998.77 124.92 42.83
2015-09-30 961.06 165.05 43.26
2015-06-30 922.66 164.25 43.33
2015-03-31 881.97 163.68 41.23
2014-12-31 844.89 161.65 38.95
2014-09-30 815.42 192.62 36.29
2014-06-30 785.81 192.05 33.71
2014-03-31 766.03 187.52 32.30
2013-12-31 761.44 183.73 32.66
2013-09-30 752.57 146.67 32.03
2013-06-30 721.53 134.69 32.58
2013-03-31 679.07 134.89 32.48
2012-12-31 634.80 131.82 31.52
2012-09-30 579.96 126.85 30.63
2012-06-30 537.47 131.94 28.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Senior Housing Properties Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Senior Housing Properties Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Senior Housing Properties Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Senior Housing Properties Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Senior Housing Properties Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Senior Housing Properties Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Senior Housing Properties Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Senior Housing Properties Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Senior Housing Properties Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Senior Housing Properties Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Senior Housing Properties Trust Company Filings, last reported 1 month ago.

NasdaqGS:SNHN.L Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,113.44 3,734.37 39.88
2018-12-31 3,179.87 3,648.42 54.98
2018-09-30 3,394.48 3,704.25 47.66
2018-06-30 3,443.57 3,670.35 30.66
2018-03-31 3,416.12 3,644.80 39.16
2017-12-31 3,277.19 3,674.53 31.24
2017-09-30 3,287.56 3,558.69 28.87
2017-06-30 3,340.78 3,522.73 27.16
2017-03-31 3,419.02 3,482.53 32.27
2016-12-31 3,199.41 3,714.47 31.75
2016-09-30 3,238.97 3,652.73 40.77
2016-06-30 3,285.57 3,664.16 25.63
2016-03-31 3,322.74 3,497.52 39.20
2015-12-31 3,359.76 3,479.14 37.66
2015-09-30 3,505.54 3,501.57 61.41
2015-06-30 3,566.22 3,439.55 52.23
2015-03-31 3,574.79 2,719.11 77.79
2014-12-31 2,952.41 2,800.70 27.59
2014-09-30 2,984.22 2,762.28 80.75
2014-06-30 3,029.58 2,765.65 79.39
2014-03-31 2,740.72 1,934.33 32.97
2013-12-31 2,776.99 1,892.76 39.23
2013-09-30 2,776.44 1,921.07 52.26
2013-06-30 2,812.22 1,842.93 37.34
2013-03-31 2,884.15 1,826.60 38.99
2012-12-31 2,646.57 2,006.53 42.38
2012-09-30 2,670.81 1,868.31 20.99
2012-06-30 2,416.16 1,964.93 20.41
  • Senior Housing Properties Trust's level of debt (119.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (70.8% vs 119.9% today).
  • Debt is not well covered by operating cash flow (9.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Senior Housing Properties Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Senior Housing Properties Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Senior Housing Properties Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.57%
Current annual income from Senior Housing Properties Trust dividends. Estimated to be 8.4% next year.
If you bought $2,000 of Senior Housing Properties Trust shares you are expected to receive $151 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Senior Housing Properties Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Senior Housing Properties Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment

Purchase Senior Housing Properties Trust before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SNHN.L Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SNHN.L Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.60 3.00
2020-12-31 0.60 5.00
2019-12-31 0.84 3.00
NasdaqGS:SNHN.L Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-18 0.600 7.400
2019-01-18 1.560 13.284
2018-10-18 1.560 11.345
2018-07-19 1.560 8.674
2018-05-10 1.560 8.900
2018-05-09 1.560 9.574
2018-01-19 1.560 9.774
2017-10-12 1.560 8.252
2017-07-12 1.560 8.020
2017-04-11 1.560 7.363
2017-01-13 1.560 7.869
2016-10-11 1.560 8.200
2016-07-12 1.560 7.043
2016-04-13 1.560 8.217
2016-01-11 1.560 9.860
2015-10-13 1.560 10.533
2015-07-13 1.560 9.443
2015-04-13 1.560 8.028
2015-01-12 1.560 6.956
2014-10-02 1.560 7.036
2014-07-07 1.560 6.874
2014-04-02 1.560 6.605
2014-01-03 1.560 7.068
2013-10-03 1.560 6.707
2013-07-03 1.560 6.437
2013-04-02 1.560 5.722
2013-01-10 1.560 6.238
2012-10-09 1.560 6.881
2012-07-09 1.520 6.808
2012-04-03 1.520 7.114
2012-01-04 1.520 6.864
2011-10-04 1.520 6.988
2011-07-01 1.480 6.513
2011-04-04 1.480 6.280
2011-01-04 1.480 6.559
2010-10-04 1.480 6.462
2010-07-02 1.440 6.312
2010-04-01 1.440 6.725
2010-01-07 1.440 6.758
2009-10-05 1.440 7.067
2009-07-01 1.440 7.794

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Senior Housing Properties Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (495x coverage).
X
Income/ dividend checks
We assess Senior Housing Properties Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Senior Housing Properties Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Senior Housing Properties Trust has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Senior Housing Properties Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Senior Housing Properties Trust has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Senior Housing Properties Trust management team in years:

5.3
Average Tenure
48
Average Age
  • The average tenure for the Senior Housing Properties Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mintzer Francis

TITLE
President & COO
COMPENSATION
$150K
AGE
53
TENURE
1 yrs

Richard Siedel

TITLE
CFO & Treasurer
COMPENSATION
$153K
AGE
38
TENURE
3.3 yrs

Adam Portnoy

TITLE
Managing Trustee
COMPENSATION
$50K
AGE
48

Jennifer Clark

TITLE
Secretary & Managing Trustee
COMPENSATION
$97K
AGE
56
TENURE
11.3 yrs

Brad Shepherd

TITLE
Senior Director of Investor Relations

Vern Larkin

TITLE
Director of Internal Audit
AGE
48
TENURE
7.3 yrs

Michael Kodesch

TITLE
Director of Investor Relations
Board of Directors Tenure

Average tenure and age of the Senior Housing Properties Trust board of directors in years:

10.3
Average Tenure
56
Average Age
  • The average tenure for the Senior Housing Properties Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Adam Portnoy

TITLE
Managing Trustee
COMPENSATION
$50K
AGE
48
TENURE
12 yrs

Jennifer Clark

TITLE
Secretary & Managing Trustee
COMPENSATION
$97K
AGE
56
TENURE
1.2 yrs

John Harrington

TITLE
Independent Trustee
COMPENSATION
$135K
AGE
82
TENURE
19.6 yrs

Jeffrey Somers

TITLE
Independent Trustee
COMPENSATION
$143K
AGE
75
TENURE
10.3 yrs

Lisa Harris Jones

TITLE
Lead Independent Trustee
COMPENSATION
$130K
AGE
50
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Senior Housing Properties Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Senior Housing Properties Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), or RMR Inc., an alternative asset management company that is headquartered in Newton, MA.

Details
Name: Senior Housing Properties Trust
SNHN.L
Exchange: NasdaqGS
Founded: 1998
$1,885,198,107
237,729,900
Website: http://www.snhreit.com
Address: Senior Housing Properties Trust
Two Newton Place,
Suite 300,
Newton,
Massachusetts, 02458,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SNH Common Shares Nasdaq Global Select US USD 07. Oct 1999
DB SNF Common Shares Deutsche Boerse AG DE EUR 07. Oct 1999
LSE 0L5E Common Shares London Stock Exchange GB USD 07. Oct 1999
NasdaqGS SNHN.L SR NT 46 Nasdaq Global Select US USD 17. Feb 2016
Number of employees
Current staff
Staff numbers
0
Senior Housing Properties Trust employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:49
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.