From Morning Watchlist <[email protected]>
Subject Aging America Is the Next Mega-Theme (With Dividends)
Date February 4, 2026 2:28 PM
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The 80+ population is accelerating, supply is tight, and two REITs
could benefit. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏
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-------------------------

ONE OF THE BEST WAYS TO INVEST IN AN AGING POPULATION — WITH YIELD

The U.S. is entering a demographic phase shift that investors tend to
underestimate until it’s already visible in earnings reports and
rent rolls.

The “headline” statistic is that the 65+ cohort is growing
steadily, but the more investable catalyst is the surge in the 80+
POPULATION—the age band where healthcare utilization climbs,
mobility declines, and the probability of needing structured senior
housing rises meaningfully. That wave is now close enough to touch:
the oldest Baby Boomers begin turning 80 in 2026, and multiple
industry trackers expect a sharp step-up in senior-housing demand as
that milestone cohort expands.

At the same time, supply is not keeping up. Senior-housing development
slowed dramatically coming out of the pandemic era, and higher
financing and construction costs have made new projects harder to
pencil. That imbalance—DEMAND RISING INTO CONSTRAINED SUPPLY—is
exactly the kind of setup that can translate into higher occupancy,
stronger pricing power, and better operating leverage for
well-positioned owners and operators.

Layer on top a second structural pressure: the care economy is
strained. The U.S. faces persistent shortages across healthcare labor
and caregiving—whether you measure it through home-care worker
availability or physician supply projections. In practical terms,
shortages tend to shift more families toward professionally managed
care settings (or at least toward organizations with scale and
staffing infrastructure), which can support facility demand over time.

-------------------------

WHY HEALTHCARE AND SENIOR-HOUSING REITS MATTER RIGHT NOW

For income investors, the appeal is straightforward: REITs can combine
CASH DISTRIBUTIONS with exposure to a long-duration demographic trend.
But not all healthcare REIT exposure is created equal.

Broadly, the most attractive setups typically have some mix of:

*
SENIOR HOUSING EXPOSURE (where demand is tied to aging dynamics),

*
OPERATIONAL UPSIDE from improving occupancy and pricing,

*
DIVERSIFICATION across property types and operators (reducing
single-tenant or single-market risk),

*
And BALANCE SHEET FLEXIBILITY to fund acquisitions or renovations as
the cycle turns.

With that in mind, here are two yield-oriented ways to position for
the theme.

-------------------------

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-------------------------

COMPANY: AMERICAN HEALTHCARE REIT (SYM: AHR)
SENIOR HOUSING + CLINICAL REAL ESTATE EXPOSURE

American Healthcare REIT provides diversified healthcare real estate
exposure, with meaningful linkage to the senior-housing demand cycle.
A key point for 2026 is that the company is already showing measurable
operating momentum: in its Q3 2025 results, the firm reported REVENUE
OF $572.9 MILLION (UP 9.4% YEAR OVER YEAR) and cited another quarter
of strong same-store NOI growth, with particularly robust performance
in senior-housing-related segments.

That matters because when a demographic theme turns “real,” it
typically shows up first in the boring numbers:

*
occupancy trends,

*
same-store NOI,

*
rent/revenue per occupied room,

*
and acquisition cap rates versus a company’s cost of capital.

On the calendar, American Healthcare REIT has a clear near-term
catalyst: the company has announced it will release Q4 2025 EARNINGS
ON THURSDAY, FEBRUARY 26, 2026 (AFTER MARKET CLOSE), followed by a
conference call the next day. Earnings events matter here because
senior housing is a narrative-driven space—guidance and forward
commentary on occupancy, pricing, and labor costs can move the stock.

INCOME ANGLE: AHR has been paying a quarterly dividend (recently $0.25
per share). Based on the current market price, that equates to a
low-single-digit yield profile—less “ultra-high yield,” more
“demographic growth + income.”

WHAT TO WATCH:

*
Occupancy and pricing power as the 80+ wave accelerates

*
Labor cost trends and staffing stability (a major swing factor for
margins)

*
Acquisition discipline and leverage as the cycle turns

-------------------------

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-------------------------

COMPANY: CARETRUST REIT (SYM: CTRE)
SKILLED NURSING + SENIOR LIVING LANDLORD WITH INCOME FOCUS

CareTrust is a different flavor of the theme: it is heavily tied to
skilled nursing and senior living assets, which can benefit from aging
demographics—but also carry unique reimbursement and operator risks.

Operationally, CareTrust’s reported Q3 2025 results showed
NORMALIZED FFO OF $0.45 PER DILUTED SHARE (up year over year) and
strong revenue performance (reported around $132.44 MILLION in that
quarter). For REIT investors, FFO is the lifeblood metric: it’s what
ultimately supports dividend capacity and balance sheet strength.

INCOME ANGLE: CTRE’s dividend profile is one of the reasons it tends
to show up on income investors’ radars. Recent dividend trackers
list an annualized dividend around $1.34 per share, implying a mid-3%
yield area at recent prices.

WHAT TO WATCH:

*
Tenant/operator health (especially if labor or reimbursement pressures
spike)

*
Policy headlines (Medicaid/Medicare sensitivity is real in parts of
the skilled nursing ecosystem)

*
Acquisition pace and cost of capital as rates and credit conditions
evolve

THE BIG PICTURE: WHY THE NEXT FEW YEARS COULD SURPRISE TO THE UPSIDE

The key reason this theme can work is not just “more older
people.” It’s TIMING + CONSTRAINTS:

*
THE AGE MIX IS SHIFTING TOWARD 80+, the point where demand for senior
facilities historically rises.

*
SUPPLY GROWTH HAS LAGGED, creating a scenario where operators can
regain pricing power as occupancy tightens.

*
CAREGIVING AND HEALTHCARE STAFFING REMAIN CONSTRAINED, nudging
families toward managed care solutions and putting a premium on scaled
platforms.

If those three forces stay in place, the “aging population trade”
stops being a slow-and-steady story and starts looking more like a
classic cycle: rising occupancy → rising NOI → improving cash flow
→ improving dividend durability (and potentially dividend growth).

-------------------------

_Huge Alerts_

BSEM: FROM PROFITABLE REGENERATIVE LEADER TO ADVANCED WOUND CARE
POWERHOUSE WITH A NASDAQ UPLISTING ON THE HORIZON.
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BioStem Technologies (OTCQB: BSEM) continues to separate itself from
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ulcers. 

The recent acquisition of BioTissue’s surgical and wound care
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With early adoption reflected in 40% year-over-year unit growth, a
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With a $25.50 price target from Zacks, BSEM stands out as a small-cap
MedTech name with significant upside potential, especially as it
prepares for a potential Nasdaq uplisting in 2026. Strong financial
discipline, expanding commercial reach, and validated clinical results
make BSEM a rare small-cap story to keep an eye on.

SEE HOW BSEM IS REDEFINING THE FUTURE OF ADVANCED AND ACUTE WOUND CARE
IN 2026 WHILE BUILDING SHAREHOLDER VALUE
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-------------------------

_Are there any other REITs you've got your eye on right now? What
other sectors of the market are you currently interested in? Hit
"reply" to this email and let us know your thoughts!_

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