{
  "report_id": "theme_healthcare_technology_and_aging_demand_node_senior_housing_post_acute_capacity",
  "report_type": "theme_value_chain_node",
  "site_path": "themes/healthcare-technology-and-aging-demand/nodes/senior-housing-and-post-acute-capacity/index.html",
  "title": "Senior Housing And Post-Acute Capacity",
  "as_of": "2026-06-13",
  "generated_at": "2026-06-13T15:49:54-07:00",
  "freshness": {
    "price_data_as_of": "2026-06-12",
    "daily_ohlc_latest": "2026-06-12",
    "chart_interval": "weekly",
    "knowledge_reviewed_as_of": "2026-06-13",
    "web_research_as_of": "2026-06-13",
    "api_required": true,
    "earnings_dates": "Not confirmed from bounded Nasdaq checks on 2026-06-13."
  },
  "revision": {
    "version": 3,
    "updated_label": "Review patch clarifying latest-quarter revenue versus NOI/FFO/rent-coverage underwriting measures",
    "metadata_path": "themes/healthcare-technology-and-aging-demand/nodes/senior-housing-and-post-acute-capacity/report.json",
    "curation_source": "Manual node-page reformat; parent theme already declares this value-chain node and no healthcare node-data.json exists."
  },
  "node": {
    "slug": "senior-housing-and-post-acute-capacity",
    "order": 3,
    "level": "L2 care-infrastructure node",
    "depth_level": 2,
    "role": "Captures senior housing, medical office, skilled nursing, post-acute, and private-pay care infrastructure demand.",
    "description": "Senior housing converts aging demand through occupancy, resident rates, RevPOR, ExpPOR, same-store NOI, and per-share FFO. Post-acute capacity converts aging and hospital-discharge demand through SNF reimbursement, Medicaid, Medicare Advantage authorization, staffing cost, operator rent coverage, and patient revenue."
  },
  "ticker_baskets": {
    "core": [
      "WELL",
      "VTR",
      "OHI",
      "SBRA",
      "CTRE",
      "ENSG",
      "DOC"
    ],
    "option": [],
    "watch": []
  },
  "ranking_method": {
    "type": "hand-curated refresh",
    "priority_order": [
      "direct cash-flow exposure to senior housing or post-acute capacity",
      "source-backed operating evidence",
      "reimbursement, tenant coverage, and operator cash-flow sensitivity",
      "technical timing through selected-security right-rail charts"
    ],
    "merged_rank": [
      "WELL",
      "VTR",
      "OHI",
      "SBRA",
      "CTRE",
      "ENSG",
      "DOC"
    ]
  },
  "basket_metric_sources": {
    "market_cap": {
      "method": "Read-only DuckDB query against discovery instruments.market_cap on 2026-06-13.",
      "values": {
        "WELL": "$151.5B",
        "VTR": "$42.4B",
        "OHI": "$14.1B",
        "SBRA": "$5.2B",
        "CTRE": "$9.8B",
        "ENSG": "$10.0B",
        "DOC": "$13.5B"
      }
    },
    "next_earnings": {
      "method": "Bounded Nasdaq earnings-calendar page checks on 2026-06-13.",
      "values": {
        "WELL": "Not confirmed",
        "VTR": "Not confirmed",
        "OHI": "Not confirmed",
        "SBRA": "Not confirmed",
        "CTRE": "Not confirmed",
        "ENSG": "Not confirmed",
        "DOC": "Not confirmed"
      },
      "limitation": "No company-confirmed next earnings date was available from the bounded checks; no estimated date was substituted."
    },
    "latest_quarter_revenue": {
      "metric_definition": "Reported total revenue for the latest quarter. It is not NOI, FFO, AFFO, tenant rent coverage, or operator EBITDAR; those are underwriting tests cited separately in the HTML and source trail.",
      "values": {
        "WELL": {
          "period": "Q1 2026",
          "value": "$3.351926B",
          "source": "Welltower Reports First Quarter 2026 Results"
        },
        "VTR": {
          "period": "Q1 2026",
          "value": "$1.656944B",
          "source": "Ventas Q1 2026 10-Q and local VTR research"
        },
        "OHI": {
          "period": "Q1 2026",
          "value": "$322.955M",
          "source": "SEC XBRL us-gaap:Revenues, accession 0000888491-26-000018"
        },
        "SBRA": {
          "period": "Q1 2026",
          "value": "$221.753M",
          "source": "SEC XBRL us-gaap:Revenues, accession 0001492298-26-000012"
        },
        "CTRE": {
          "period": "Q1 2026",
          "value": "$142.783M",
          "source": "SEC XBRL us-gaap:Revenues, accession 0001628280-26-032118"
        },
        "ENSG": {
          "period": "Q1 2026",
          "value": "$1.389196B",
          "source": "SEC XBRL us-gaap:Revenues, accession 0001125376-26-000021"
        },
        "DOC": {
          "period": "Q1 2026",
          "value": "$724.0M",
          "source": "DOC security lane and linked Q1 2026 sources"
        }
      }
    }
  },
  "chart_artifacts": [
    {
      "ticker": "WELL",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume"
      ],
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "rendering": "report_api",
      "fallback_table": false
    },
    {
      "ticker": "VTR",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume"
      ],
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "rendering": "report_api",
      "fallback_table": false
    },
    {
      "ticker": "OHI",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume"
      ],
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "rendering": "report_api",
      "fallback_table": false
    },
    {
      "ticker": "SBRA",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume"
      ],
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "rendering": "report_api",
      "fallback_table": false
    },
    {
      "ticker": "CTRE",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume"
      ],
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "rendering": "report_api",
      "fallback_table": false
    },
    {
      "ticker": "ENSG",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume"
      ],
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "rendering": "report_api",
      "fallback_table": false
    },
    {
      "ticker": "DOC",
      "source_table": "daily_ohlc",
      "chart_interval": "weekly",
      "aggregation": "weekly bars grouped from daily rows by calendar week; open is first row, high is weekly max, low is weekly min, close is final row, volume is summed",
      "indicators": [
        "20w_ema",
        "100w_ema",
        "weekly_volume"
      ],
      "price_data_as_of": "2026-06-12",
      "visible_years": 3,
      "rendering": "report_api",
      "fallback_table": false
    }
  ],
  "links_out": [
    "theme_healthcare_technology_and_aging_demand",
    "sector_real_estate",
    "sector_health_care",
    "theme_health_care_policy_reimbursement_dispersion",
    "risk_selective_credit_broadening"
  ],
  "knowledge_sources": [
    "../../../../../knowledge/wiki/lanes/sector/real-estate.md",
    "../../../../../knowledge/wiki/lanes/sector/health-care.md",
    "../../../../../knowledge/wiki/lanes/security/well.md",
    "../../../../../knowledge/wiki/lanes/security/vtr.md",
    "../../../../../knowledge/wiki/lanes/security/doc.md",
    "../../../../../knowledge/wiki/concepts/themes/health-care-policy-reimbursement-dispersion.md",
    "../../../../../knowledge/wiki/concepts/risks/selective-credit-broadening.md",
    "../../../../../knowledge/articles/Senior Living Occupancy Grows Amid Construction Slowdown, Limiting Options for Older Adults (nicmap.com).md",
    "../../../../../knowledge/articles/FY 2026 Skilled Nursing Facility (SNF) Prospective Payment System Final Rule (CMS-1827-F).md",
    "../../../../../knowledge/articles/Welltower Reports First Quarter 2026 Results.md",
    "../../../../../knowledge/articles/vtr-20260331.md"
  ],
  "external_sources": [
    {
      "label": "CMS FY2026 SNF PPS final rule fact sheet",
      "url": "https://www.cms.gov/newsroom/fact-sheets/fy-2026-skilled-nursing-facility-snf-prospective-payment-system-final-rule-cms-1827-f"
    },
    {
      "label": "Omega Healthcare Investors Q1 2026 results and recent developments",
      "url": "https://www.omegahealthcare.com/investors/news-events/press-releases/detail/343/omega-reports-first-quarter-2026-results-and-recent"
    },
    {
      "label": "NIC MAP Q1 2026 senior living occupancy update",
      "url": "https://www.nicmap.com/blog/senior-living-occupancy-grows-amid-construction-slowdown-limiting-options-for-older-adults"
    },
    {
      "label": "SEC XBRL company-concept API",
      "url": "https://data.sec.gov/api/xbrl/companyconcept/{cik}/us-gaap/Revenues.json"
    },
    {
      "label": "Nasdaq earnings-calendar pages",
      "url": "https://www.nasdaq.com/market-activity/stocks/{ticker}/earnings"
    }
  ],
  "discovery_sources": [
    {
      "kind": "report_api",
      "label": "Selected security chart endpoint",
      "query_ref": "report-api:/api/securities/{ticker}/chart?frequency=weekly&window=3y&as_of=latest"
    },
    {
      "kind": "duckdb_readonly_query",
      "label": "Market cap and daily OHLC coverage checks",
      "query_ref": "discovery:duckdb:instruments_market_cap_daily_ohlc:senior-housing-and-post-acute-capacity:2026-06-13"
    },
    {
      "kind": "duckdb_readonly_query",
      "label": "SEC filing metadata for latest 10-Q and 8-K URLs",
      "query_ref": "discovery:duckdb:filing_metadata:senior-housing-and-post-acute-capacity:2026-06-13"
    },
    {
      "kind": "discovery_status",
      "tickers": [
        "OHI",
        "CTRE"
      ]
    },
    {
      "kind": "discovery_lineage_status",
      "tickers": [
        "WELL"
      ],
      "dataset": "daily_ohlc"
    }
  ],
  "known_gaps": [
    "OHI, SBRA, CTRE, ENSG, PACS, ADUS, and EHAB do not yet have durable local security lanes.",
    "EHAB local daily_ohlc ended on 2026-05-14, so it is excluded from the ranked chart basket.",
    "Next earnings dates were not confirmed from bounded Nasdaq earnings-calendar checks on 2026-06-13.",
    "OHI, SBRA, CTRE, and ENSG detailed rent-coverage, operator concentration, segment, payer-mix, operator EBITDAR, and transcript claims need official source filing into knowledge before deeper ranking changes.",
    "No shared parent report, sitemap, or node manifest update was made because routing and counts did not change and no healthcare nodes/node-data.json exists."
  ],
  "validation": {
    "expected_checks": [
      "git diff --check",
      "jq empty on changed JSON files",
      "structural HTML node contract check",
      "relative link spot check",
      "banned-phrase scan",
      "representative selected-security API check when local report API is available"
    ]
  }
}