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Investor Presentaiton

COVID-19 Update Impact COVID-19 is particularly impactful to 1 the old and frail, a key cohort of SNFs and Assisted Living Facilities (ALFs) Response Federal and many State governments 1 provided significant and necessary relief to the industry Outcomes Operators still face a difficult, albeit 1 improving, environment Staff at SNFs and ALFs have risked their health 2 and the health of their families to protect 3 residents Operators implemented new and evolving protocols to limit the spread of COVID-19 However, State relief has varied 2 significantly, and Federal relief has slowed in the last 24 months Many states have increased their 3 Medicaid reimbursement rates to reflect increased cost pressures Expenses per patient day have eased but 2 remain elevated compared to January of 2020, primarily due to higher staffing related costs Occupancy has increased ~8% from the 3 low in January of 2021 Occupancy declined ~13% between February 4 2020 and January 2021 Expenses increased by as much as $45 PPD 5 from January of 2020 due to staffing and PPE CMS increased their Medicare FFS SNF 4 rate by 4.0%, effective October 2023. This is net of the final 2.3% of the 4.6% PDPM claw back that was mandated in 2020. We collected ~91% of our 4Q23 contractual rent and mortgage payments from our operators. QOMEGA Information provided as of February 8th, 2024 SOURCE INDEX INVESTOR PRESENTATION 9
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