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Welltower Inc. (NYSE: WELL) is a leading real estate investment trust (REIT) headquartered in Toledo, Ohio, dedicated to transforming health care infrastructure. The company strategically invests with senior housing operators, post-acute care providers, and health systems to enhance the delivery of innovative care models. Welltower's diversified portfolio comprises 2,096 properties, including senior housing, medical offices, and skilled nursing facilities across the United States, Canada, and the United Kingdom.
Welltower's business model focuses on providing low-cost capital for health care infrastructure, aiming to reduce patient stays in high-cost settings while improving overall treatment quality. With an eye on global demographic trends, especially the aging population, Welltower is committed to developing environments that address the complex needs associated with dementia and other age-related challenges. The company's strategic partnerships with leading health systems and senior housing operators facilitate the growth and evolution of health care delivery.
Recent achievements underscore Welltower’s aggressive growth and investment strategies. As of November 2023, the company completed a $3.0 billion acquisition activity, including investments in senior housing and skilled nursing sectors. Additionally, Welltower announced a significant public offering of 17,500,000 shares of common stock, expected to generate approximately $1.5 billion in proceeds aimed at expanding their portfolio and funding future investments.
Further solidifying its market position, Welltower entered into a long-term strategic partnership with Affinity Living Communities to acquire 25 active adult communities for $969 million, enabling the company to scale its wellness housing portfolio in high-growth markets. This partnership underscores Welltower's mission to offer wellness-focused rental housing tailored for seniors at moderate price points.
Financially, Welltower has demonstrated robust performance with a significant reduction in net debt to consolidated enterprise value, from 29.5% in December 2022 to 20.9% by the end of 2023. The company’s continued focus on strategic acquisitions, innovative partnerships, and efficient capital deployment ensures a promising outlook for sustained growth and shareholder value.
Welltower’s commitment to Environmental, Social, and Governance (ESG) principles is reflected in its repeated recognition as an ENERGY STAR® Partner of the Year. This dedication to sustainability, alongside consistent dividend payments and strong financial metrics, positions Welltower as a transformative leader in the health care and real estate sectors.
Welltower® Inc. (NYSE: WELL) has released a new business update. The update provides insights into recent company performance and strategic initiatives.
Key points include:
- Details on financial metrics and operational performance.
- Updates on new investments and partnerships.
- Information on asset acquisitions and dispositions.
- Current occupancy rates and leasing activity.
- Plans for future growth and development.
For more detailed information, visit their official site.
Welltower (NYSE:WELL) reported strong Q3 2024 results with net income of $0.73 per diluted share and normalized FFO of $1.11 per share, up 20.7% year-over-year. The company achieved total portfolio same-store NOI growth of 12.6%, driven by 23.0% growth in Seniors Housing Operating portfolio. Key highlights include 8.9% year-over-year same-store revenue growth in SHO portfolio, with 310 basis points occupancy improvement and 4.9% RevPOR growth. During Q3, Welltower completed $2.4 billion in investments and improved net debt to Adjusted EBITDA to 3.73x. The company increased its quarterly dividend by 10% and raised its full-year 2024 normalized FFO guidance to $4.27-$4.33 per share.
Welltower Inc. (NYSE: WELL) has announced the release date for its third quarter 2024 financial results. The company will disclose the results after the close of trading on the New York Stock Exchange on Monday, October 28, 2024. Following this, Welltower will host a conference call and webcast on Tuesday, October 29, 2024, at 9:00 a.m. ET to discuss the results.
Investors and interested parties can access the conference call through various means, including the company's website, a webcast link, or by telephone. The earnings release will be available in the Investors section of Welltower's website. A webcast replay will be accessible approximately two hours after the call concludes and will remain available for 90 days. Additionally, a replay of the conference call will be available from October 29, 2024, to November 5, 2024.
Welltower Inc. (NYSE: WELL) has released a business update in preparation for upcoming investor meetings. The update, which contains important information for shareholders and potential investors, is now available on the company's official website. Interested parties can access the full details of the update at https://welltower.com/October2024-business-update.
This proactive communication demonstrates Welltower's commitment to transparency and keeping stakeholders informed about the company's current business status and future prospects. The update likely includes key financial metrics, operational highlights, and potentially strategic initiatives or market insights relevant to Welltower's position in the healthcare real estate sector.
Welltower Inc. (NYSE: WELL) has announced its participation in the Bank of America Securities 2024 Global Real Estate Conference. Chief Executive Officer Shankh Mitra will be part of a live panel discussion scheduled for Tuesday, September 10, 2024, from 2:15 p.m. to 2:50 p.m. ET. The event will take place at the Bank of America Tower in New York City.
Interested parties can access the webcast of the panel discussion through a provided link. This conference participation highlights Welltower's engagement with the investment community and offers an opportunity for stakeholders to gain insights into the company's strategies and market position in the real estate sector.
Welltower Inc. (NYSE: WELL) has announced the appointment of Andrew Gundlach to its Board of Directors. Gundlach, 53, is the President and Co-CEO of Bleichroeder LP, a registered investment advisor. He brings nearly 30 years of investment experience and expertise in corporate strategy and capital markets. Gundlach has been a board member at First Eagle Investment Management since 2004 and played a key role in spinning off Bleichroeder. His background includes roles at Morgan Stanley and J.P. Morgan.
Kenneth J. Bacon, Chairman of Welltower's Board, highlighted Gundlach's broad skillset and alignment with the company's long-term investment orientation. Gundlach's appointment is expected to complement the Board's capabilities and contribute to Welltower's portfolio expansion and shareholder value enhancement efforts.
Welltower Inc. (NYSE: WELL) has closed on an amended $5.0 billion senior unsecured revolving line of credit, strengthening its liquidity position and extending its debt maturity profile. The facility includes a $3.0 billion tranche maturing in 2028 and a $2.0 billion tranche maturing in 2029. This follows recent positive credit rating outlook revisions by S&P Global and Moody's. The new facility offers improved pricing, with loans currently bearing interest at 72.5 basis points over the adjusted SOFR rate and an annual facility fee of 12.5 basis points. Welltower's total available credit facilities now reach approximately $7.5 billion, positioning the company for continued growth and disciplined capital allocation.
Welltower Inc. (NYSE: WELL) has released a business update on July 29, 2024. The update, which provides insights into the company's current operations and financial status, is available for viewing on the company's official website. Welltower, a leading real estate investment trust specializing in healthcare infrastructure, regularly issues such updates to keep investors and stakeholders informed about its performance and strategic initiatives.
While specific details of the update are not provided in the press release, interested parties can access the full report at the provided link. These updates typically cover areas such as occupancy rates, revenue trends, acquisition activities, and any significant developments in Welltower's portfolio of healthcare properties.
Welltower Inc. (NYSE:WELL) reported strong Q2 2024 results, with net income of $0.42 per diluted share and normalized FFO of $1.05 per diluted share, up 16.7% year-over-year. The company saw total portfolio SSNOI growth of 11.3%, driven by a 21.7% increase in Seniors Housing Operating. Welltower completed $1.7 billion in pro rata gross investments and has $4.9 billion in acquisitions and loan funding closed or under agreement since the start of the year. The company's balance sheet strengthened with net debt to Adjusted EBITDA of 3.68x and $6.9 billion in available liquidity. The Board approved a 10% increase in quarterly dividend, reflecting strong financial performance and growth prospects.
Welltower (NYSE: WELL) will release its second quarter 2024 financial results after the close of trading on July 29, 2024.
A conference call and webcast to discuss the results is scheduled for July 30, 2024, at 9:00 a.m. ET.
The earnings release will be available in the Investors section of Welltower's website.
Investors can access the call via the company's website at www.welltower.com or through a webcast at https://events.q4inc.com/attendee/528114084.
A replay of the webcast will be available approximately two hours after the call and will remain accessible for 90 days.
Telephone access is also provided, with dial-in numbers available for both U.S. and international participants.
Replays of the call will be accessible until August 6, 2024.
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