Janus Henderson Horizon Global Property Equities Fund on Omega Healthcare Investors, Inc.
Thesis
The fund switched its healthcare real estate exposure from Sabra Healthcare REIT into Omega Healthcare Investors during the quarter. Omega provides exposure to nursing and assisted-living facilities, an area the managers preferred as they repositioned the healthcare sleeve. This sits within a broader view that property fundamentals are healthy and demand for quality space remains resilient. The letter does not provide a more detailed company-specific valuation or catalyst for Omega.
“Within healthcare, we closed the holding in senior housing provider Sabra Healthcare REIT and switched into nursing and assisted living facilities investor Omega Healthcare Investors.”
Key risks
- The letter provides limited company-specific rationale beyond the portfolio switch