Inactive · established relationshipLatest completed snapshot · Sep 17 · 16:30 ET

MARKET-DISCOVERED GROUP

Healthcare REITs

THE TRADER READRecurring relationship, inactive in the latest snapshot

Price direction is split across 19 measured members. Capital-flow agreement is 13%, so the basket is not yet clean.

Price breadth11 up · 8 downRelative median unavailable

Capital-flow alignment13%Price breadth is not yet confirmed by flow

Activity nowCalmActivity score 8/100 · lift 0.8×

Evidence depth6 episodes23 observed active sessions

EVIDENCE CLOCK

What happened, in timestamp order

0 timed events

TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

MON, FEB 9ADC filing documented shared operating contextcredit / rates affecting interest expense · date precision only

WED, FEB 11AB filing documented shared operating contextcredit / rates affecting interest expense · date precision only

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations

Price sequence unavailableA timestamped price sequence is unavailable.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast

WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

19/19 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across AHR, CTRE, CURB, ENSG, GTY, NHI, NNN, PSTL, SBRA, TH, UHS, XMAX.

credit / rates affecting interest expense

“In addition, interest expense on the Revolving Credit Facility and Commercial Paper Notes increased approximately $4.8 million due to higher levels of borrowings, partially offset by lower average borrowing rates, during the year ended December 31, 2025 compared to the year ended December 31, 2024.”
ADC 10-K · 2026-02-10

credit / rates

“Financing - Net cash provided by financing activities increased by $592.6 million during the nine months ended September 30, 2025, compared to the same period in 2024 primarily due to: ● $409.0 million increase in cash proceeds provided by net borrowings on the Revolving Credit Facility and Commercial Paper Program.”
ADC 10-Q · 2025-10-21

restructuring

“As a result of the offers received related to the remaining corporate office building, the Company recognized impairment of $ 2.7 million to state the carrying value of the building at its fair value.”
ADC 10-K · 2026-02-10

CONFIRMATION NETWORK

Outsiders and cross-asset links

3 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

VTRMoving with group

CTRE · text peer

DOCMoving with group

LTC · text peer

SVCMoving with group

AHR · text peer

DHCNot confirming

AHR · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately

ADCENSGNNNCURBHRABAHRSBRAOHICTRENHIUHSCASYTHPSTLLTCXMAXGTYNTST

5/19 active11 rising · 8 falling

MemberUnusual activityToday's moveRead now

ADCAgree Realty Corporation

Most unusual · 100/100

-0.5%

Flow divergenceActive in 13% of observed group sessions

ENSGThe Ensign Group, Inc.

Elevated · 59/100

-1.6%

Active; unclassifiedActive in 0% of observed group sessions

NNNNNN REIT, Inc.

Elevated · 47/100

+0.1%

Flow divergenceActive in 0% of observed group sessions

CURBCurbline Properties Corp.

Elevated · 45/100

+0.1%

Active; unclassifiedActive in 4.3% of observed group sessions

HRHealthcare Realty Trust Incorporated

Elevated · 39/100

-0.5%

Active; unclassifiedActive in 0% of observed group sessions

ABAllianceBernstein Holding L.P.

Elevated · 38/100

+1.6%

Active; unclassifiedActive in 0% of observed group sessions

AHRAmerican Healthcare REIT, Inc.

Elevated · 36/100

-0.1%

Flow confirmerActive in 47.8% of observed group sessions

SBRASabra Health Care REIT, Inc.

Elevated · 30/100

+0.3%

Active; unclassifiedActive in 47.8% of observed group sessions

OHIOmega Healthcare Investors, Inc.

Elevated · 30/100

+1.0%

Active; unclassifiedActive in 56.5% of observed group sessions

CTRECareTrust REIT, Inc.

Elevated · 27/100

+0.5%

Flow confirmerActive in 47.8% of observed group sessions

NHINational Health Investors, Inc.

Elevated · 25/100

+1.6%

Active; unclassifiedActive in 8.7% of observed group sessions

UHSUniversal Health Services, Inc.

Quiet · 16/100

-0.3%

Watch / laggardActive in 0% of observed group sessions

CASYCasey's General Stores, Inc.

Quiet · 11/100

+3.2%

Watch / laggardActive in 0% of observed group sessions

THTarget Hospitality Corp.

Quiet · 0/100

+10.3%

Watch / laggardActive in 0% of observed group sessions

PSTLPostal Realty Trust, Inc.

Quiet · 0/100

+1.1%

Watch / laggardActive in 0% of observed group sessions

LTCLTC Properties, Inc.

Quiet · 0/100

+0.9%

Watch / laggardActive in 21.7% of observed group sessions

XMAXXMax Inc.

Quiet · 0/100

-0.6%

Watch / laggardActive in 0% of observed group sessions

GTYGetty Realty Corp.

Quiet · 0/100

-0.3%

Watch / laggardActive in 8.7% of observed group sessions

NTSTNETSTREIT Corp.

Quiet · 0/100

-0.1%

Watch / laggardActive in 0% of observed group sessions

View exact member values

TICKER	Company	Role now	Today	Observed history	Trader interpretation
ADC	Agree Realty Corporation	Most unusual	-0.5%	13% of 23 sessions	Most unusual activity in this snapshot; performance direction may differ.
ENSG	The Ensign Group, Inc.	Participating	-1.6%	0% of 23 sessions	Price participation is not yet confirmed by per-name flow.
NNN	NNN REIT, Inc.	Participating	+0.1%	0% of 23 sessions	Price participation with distributing signed flow.
CURB	Curbline Properties Corp.	Participating	+0.1%	4.3% of 23 sessions	Price participation is not yet confirmed by per-name flow.
HR	Healthcare Realty Trust Incorporated	Participating	-0.5%	0% of 23 sessions	Price participation is not yet confirmed by per-name flow.
AB	AllianceBernstein Holding L.P.	Participating	+1.6%	0% of 23 sessions	Price participation is not yet confirmed by per-name flow.
AHR	American Healthcare REIT, Inc.	Participating	-0.1%	47.8% of 23 sessions	Price participation with accumulating signed flow.
SBRA	Sabra Health Care REIT, Inc.	Participating	+0.3%	47.8% of 23 sessions	Price participation is not yet confirmed by per-name flow.
OHI	Omega Healthcare Investors, Inc.	Participating	+1.0%	56.5% of 23 sessions	Price participation is not yet confirmed by per-name flow.
CTRE	CareTrust REIT, Inc.	Participating	+0.5%	47.8% of 23 sessions	Price participation with accumulating signed flow.
NHI	National Health Investors, Inc.	Participating	+1.6%	8.7% of 23 sessions	Price participation is not yet confirmed by per-name flow.
UHS	Universal Health Services, Inc.	Quiet / lagging	-0.3%	0% of 23 sessions	Not participating yet; a breadth test or a genuine divergence.
CASY	Casey's General Stores, Inc.	Quiet / lagging	+3.2%	0% of 23 sessions	Not participating yet; a breadth test or a genuine divergence.
TH	Target Hospitality Corp.	Quiet / lagging	+10.3%	0% of 23 sessions	Not participating yet; a breadth test or a genuine divergence.
PSTL	Postal Realty Trust, Inc.	Quiet / lagging	+1.1%	0% of 23 sessions	Not participating yet; a breadth test or a genuine divergence.
LTC	LTC Properties, Inc.	Quiet / lagging	+0.9%	21.7% of 23 sessions	Not participating yet; a breadth test or a genuine divergence.
XMAX	XMax Inc.	Quiet / lagging	-0.6%	0% of 23 sessions	Not participating yet; a breadth test or a genuine divergence.
GTY	Getty Realty Corp.	Quiet / lagging	-0.3%	8.7% of 23 sessions	Not participating yet; a breadth test or a genuine divergence.
NTST	NETSTREIT Corp.	Quiet / lagging	-0.1%	0% of 23 sessions	Not participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome

POINT-IN-TIME LIVE OUTCOMES

Early observed follow-through

3/3 events completed

30 minutes-0.15%0% continuation · n=1Median MFE +0.93% · MAE -0.48%

60 minutes-0.38%0% continuation · n=1Median MFE +0.93% · MAE -0.48%

Session close+0.75%100% continuation · n=1Median MFE +0.93% · MAE -0.48%

Next-session close+0.93%100% continuation · n=1Median MFE +0.93% · MAE -0.48%

moderate structural support

6 completed episodes across 23 active sessions provide moderate historical support. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support59 daysHow often the cohort identity was observed

Completed episodes6Separate periods of broad group activity

Active sessions23Completed session observations, not trades

2026-08-171 active session100% composition consistency through the episode

2026-07-28 → 2026-08-118 active sessionsNo name was active through every recorded session

2026-07-211 active session100% composition consistency through the episode

2026-07-161 active session100% composition consistency through the episode

2026-06-24 → 2026-07-099 active sessionsNo name was active through every recorded session

2026-06-15 → 2026-06-173 active sessionsNo name was active through every recorded session

MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS

OHI56.5% · 6 episodes

AHR47.8% · 5 episodes

CTRE47.8% · 6 episodes

SBRA47.8% · 5 episodes

LTC21.7% · 2 episodes

ADC13% · 2 episodes

GTY8.7% · 1 episode

NHI8.7% · 1 episode

CURB4.3% · 1 episode

AB0% · 0 episodes

CASY0% · 0 episodes

ENSG0% · 0 episodes

HR0% · 0 episodes

NNN0% · 0 episodes

NTST0% · 0 episodes

PSTL0% · 0 episodes

TH0% · 0 episodes

UHS0% · 0 episodes

XMAX0% · 0 episodes