Managing Director and Senior Real Estate/REIT Equity Research Analyst at JMP Securities LLC
Aaron Hecht is a Managing Director and Senior Real Estate/REIT Equity Research Analyst at JMP Securities LLC, specializing in residential REITs and the residential real estate services industry. Hecht covers companies such as LGI Homes, Sabra Healthcare REIT, LTC Properties, Travel + Leisure, Forestar Group, and American Healthcare REIT, maintaining a 46.15% success rate with an average return of 3.71% on his recommendations, and he is ranked 972 out of 4,712 analysts tracked on StockAnalysis. Joining JMP Securities in January 2009, Hecht previously worked as a real estate analyst at RS Investments and serves as a board member at Sequoia Equities, Inc., holding a bachelor’s degree in Economics from the University of Southern California. He is a registered securities professional with industry-standard FINRA accreditations.
Aaron Hecht of JMP Securities LLC asked about the strategy for Sabra's loan book, particularly a large maturity in 2026.
EVP Talya Nevo-Hacohen, CFO Michael Costa, and CEO Rick Matros confirmed a ~$300 million loan matures at the end of 2026. They explained that options include a borrower takeout, recycling the capital, or a potential conversion of the loan to an owned asset under a triple-net lease.