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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) will release its first quarter 2021 financial results on April 28, 2021, after market close. A conference call and webcast are scheduled for April 29, 2021, at 9:00 AM ET to discuss these results. Interested parties can access the earnings release and the live call via the company's website. Welltower is focused on transforming healthcare infrastructure by investing in seniors housing and healthcare properties across the U.S., Canada, and the UK, positioning itself for growth in a high-demand market.
Welltower Inc. (NYSE: WELL) announced its participation in the Mizuho Healthcare REIT Conference on April 6, 2021, alongside a business update. The company focuses on transforming healthcare infrastructure through investments with leading operators in seniors housing and post-acute care. Welltower owns diverse properties in the U.S., Canada, and the U.K., supporting innovative care delivery models. Additional details can be found in their comprehensive presentation linked in the press release.
Welltower Inc. (NYSE: WELL) has successfully completed an offering of $750 million in 2.800% senior unsecured notes due June 2031. The proceeds will be utilized to redeem $340 million of 3.750% senior notes and $335 million of 3.950% senior notes due in 2023. Post-redemption, Welltower will have no unsecured senior note maturities until 2024. The offering was part of an effective shelf registration statement and was facilitated by J.P. Morgan, Barclays, and MUFG.
Welltower Inc. (NYSE: WELL) will participate in the Citi 2021 Global Property CEO Conference on March 8, 2021, from 5:00 to 5:35 p.m. Eastern Time. CEO Shankh Mitra and CFO Tim McHugh will present insights into the company's innovative approach to health care infrastructure. A live webcast of the presentation will be available for one year post-conference at this link.
Welltower focuses on real estate investment in seniors housing and outpatient medical properties across the US, Canada, and the UK.
Welltower Inc. (NYSE: WELL), based in Toledo, Ohio, focuses on transforming health care infrastructure by investing in seniors housing and post-acute care. The company collaborates with leading operators to fund real estate essential for innovative care models, enhancing health experiences. Welltower operates across the U.S., Canada, and the U.K., focusing on high-growth markets in seniors housing and outpatient medical properties.
Welltower Inc. (NYSE: WELL) provided an update on its Seniors Housing Operating Portfolio trends and recent strategic transactions on March 2, 2021. The presentation outlines the company's commitment to enhancing healthcare infrastructure by investing in seniors housing operators and health systems. Welltower focuses on properties in high-growth markets across the U.S., Canada, and the U.K., aiming to improve wellness and healthcare delivery models. More details can be found in their business update presentation.
On March 2, 2021, ProMedica and Welltower (NYSE: WELL) announced strategic transactions to enhance their partnership, focusing on patient care and clinical outcomes. The joint venture will divest a portfolio of 25 non-strategic skilled nursing facilities for $265 million. In addition, nine state-of-the-art PowerBack rehabilitation facilities will be integrated into the joint venture, enhancing ProMedica's capabilities. These changes are expected to strengthen both organizations' positions in strategic markets and improve care quality.
Welltower has announced a substantial exit from its relationship with Genesis HealthCare, involving the sale of 42 skilled nursing facilities for $680 million. This will lead to a near-term earnings dilution of approximately $0.16 per share. However, proceeds from the transactions, expected to total $745 million, will be used to invest in higher-quality opportunities, enhancing shareholder value over time. The company will also strengthen its joint venture with ProMedica by contributing nine former PowerBack facilities valued at $292 million.
Welltower Inc. (NYSE: WELL) issued a business update on February 9, 2021, emphasizing its role in transforming health care infrastructure. The company collaborates with leading seniors housing operators and health systems to enhance real estate for innovative care delivery. Welltower operates primarily in high-growth markets across the U.S., Canada, and the U.K., focusing on seniors housing, post-acute communities, and outpatient medical properties. For further details, visit Welltower's official site.
Welltower Inc. reported fourth-quarter 2020 results, highlighting a net income of $0.39 per diluted share and a normalized FFO of $0.84. The company completed $657 million in acquisitions and $781 million in dispositions, yielding a liquidity of $5.1 billion. Occupancy rates in the Seniors Housing Operating portfolio dropped to 74.4% due to COVID-19 challenges. Welltower collected 97% of rents due and received approximately $34 million in Provider Relief Funds. A cash dividend of $0.61 per share was declared, marking 199 consecutive quarterly dividends.
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