Healthcare REITs: BofA Healthcare conference reads through to Healthcare REITs

Research evidence excerpt

Healthcare REITs: BofA Healthcare conference reads through to Healthcare REITs

Accessible version

Healthcare REITs

BofA Healthcare conference reads through

to Healthcare REITs

Industry Overview

Maintain positive view on SH/SNFs; constructive on LS 20 May 2026

Following the BofA Healthcare conference a few notable themes stood out as takeaways Equity

for Healthcare REITs. Healthcare REIT fundamentals are improving, led by strong Senior United States

Housing performance, stabilizing Skilled Nursing trends, and a gradual recovery in Life REITs

Science which may lead to increasing demand. While recovery is uneven, tenant credit Farrell Granath

quality is strengthening across the Life Science sectors, supporting future cashflows. We Research Analyst

maintain our positive view on Senior housing and skilled nursing given the ageing BofAS+1 646 855 1351

demographic tailwinds. Additionally, we continue to be cautious but slightly more farrell.granath@bofa.com

constructive on Life Science given positive commentary on the sector. Jeffrey Spector

Research Analyst

BofAS

+1 646 855 1363LS demand recovery slow but quality of tenants improving

jeff.spector@bofa.com

Life Science demand is recovering slowly due to selective capital funding, but the quality

Julieta Michelin

of tenants is improving. Large pharma remains the key demand driver, supported by Research Analyst

strong balance sheets, active M&A, and a stable regulatory backdrop. In biotech, capital BofAS

+1 646 855 1898

support is increasingly concentrated in late-stage, de-risked assets, with demand highly julieta.michelin@bofa.com

dependent on clinical catalysts. While this limits broad leasing velocity, it shifts demand REITs Team

toward better-capitalized tenants, supporting more durable cash flows for REITs. Our BofAS