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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) announced its participation in the Stifel Healthcare Real Estate Conference on January 19, 2021. Alongside this, the company released a business update, which provides insights into its strategic initiatives. Welltower, an S&P 500 company based in Toledo, Ohio, focuses on transforming healthcare infrastructure through investments in seniors housing, post-acute providers, and health systems to enhance care delivery and wellness.
For further details, visit Welltower's January Business Update.
Welltower Inc. (NYSE: WELL) announced its participation in the MKM Partners Virtual Conference on December 15, 2020. Alongside this event, the company released a business update, accessible at welltower.com/december-business-update. Welltower, a leading real estate investment trust (REIT) headquartered in Toledo, Ohio, focuses on enhancing health care infrastructure by investing in seniors housing and outpatient medical properties across the US, Canada, and the UK.
Welltower Inc. (NYSE: WELL) has entered a $550 million joint venture with Wafra Inc. to manage a portfolio of 24 medical office properties across various states including Texas, Florida, and California. Welltower retains a 20% stake and will continue as asset manager. This partnership aims to leverage Welltower's expertise in healthcare real estate, aligning with Wafra's investment strategy. The collaboration is positioned to capitalize on growth in medical office sectors, enhancing value for both parties and their investors.
Welltower Inc. (NYSE: WELL) provided a business update on November 16, 2020. The company, a key player in healthcare infrastructure transformation, focuses on investing in seniors housing, post-acute properties, and outpatient medical facilities in high-growth markets across the U.S., Canada, and the UK. Welltower collaborates with leading operators to enhance care delivery and improve wellness. For additional details, visit Welltower's official page.
Welltower Inc. (NYSE: WELL) provided a business update on October 28, 2020, highlighting its commitment to transforming health care infrastructure. The Toledo, Ohio-based company focuses on innovative care delivery, collaborating with seniors housing operators and health systems. Welltower operates in major markets across the U.S., Canada, and the U.K., investing primarily in seniors housing, post-acute communities, and outpatient medical properties. The company aims to enhance wellness and the overall healthcare experience through strategic investments in real estate infrastructure.
Welltower reported third-quarter results for 2020, with net income per diluted share of $0.77 and normalized FFO of $0.84. The company completed $1.4 billion in pro rata dispositions at a 5.3% yield and maintained a net debt to adjusted EBITDA ratio of 6.02x, ensuring a liquidity profile of $5.2 billion. However, occupancy in the seniors housing operating portfolio declined 150 basis points, leading to a sequential SSNOI growth decline of (1.1)%. Leadership changes include the appointment of Shankh Mitra as CEO and Kenneth Bacon as Chairman. A cash dividend of $0.61 per share was declared.
Welltower Inc. (NYSE: WELL) will announce its third quarter 2020 financial results after market close on October 28, 2020. A conference call and webcast to discuss the results will occur on October 29, 2020, at 9:00 a.m. ET. Interested parties can access the call online or by phone. A replay will be available post-call.
Welltower is a real estate investment trust focused on improving healthcare infrastructure by investing in seniors housing and outpatient medical properties across the U.S., Canada, and the U.K.
Welltower Inc. (NYSE: WELL) has announced the appointment of Philip Hawkins to its Board of Directors, expanding it to 10 members. Hawkins brings nearly 40 years of real estate leadership experience, including roles at Link Logistics Real Estate and DCT Industrial Trust. His appointment follows Welltower’s ongoing board refreshment process, which has added seven new directors in the last four years, enhancing diversity with 80% of independent directors being women and minorities. This leadership change is expected to drive value for shareholders.
Welltower Inc. (NYSE: WELL) announced the expansion of its relationship with institutional real estate investors through the sale of three portfolios valued at $1.3 billion. This includes a $702 million Seniors Housing Operating portfolio with an average occupancy of 96% and a $402 million joint venture with Invesco Real Estate for outpatient medical buildings. A separate $200 million Seniors Housing Operating portfolio sale is also under contract. CEO Shankh Mitra highlighted Welltower's strong asset execution and ongoing capital deployment strategies.
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