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Welltower Inc. - WELL STOCK NEWS

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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.

News
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Welltower Inc. (WELL) releases a business update highlighting strong financial performance, strategic acquisitions, and innovative partnerships in February 2024.
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Welltower Inc. (WELL) announces a strategic partnership with Affinity Living Communities to acquire a portfolio of 25 active adult communities for $969 million. The acquisition aims to scale Welltower's Wellness Housing portfolio into high-growth markets, expanding to nearly 25,000 units. The transaction is expected to close in tranches over the next few months, funded through cash on hand and below-market rate debt. Affinity communities offer extensive amenity space, resident-led programming, and high operating margins.
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Welltower Inc. (WELL) announced strong financial results for Q4 2023, with net income of $0.15 per share and normalized FFO of $0.96 per share, a 15.7% increase. Total portfolio SSNOI growth was 12.5%, driven by SHO portfolio growth of 23.7%. WELL completed $3.0 billion of investments in Q4 and had $6.1 billion of liquidity as of Dec 31, 2023. For the year, net income was $0.66 per share, normalized FFO was $3.64 per share, and SSNOI grew by 12.6%. WELL improved net debt to Adjusted EBITDA to 5.03x. Dissolved joint ventures with Revera and Chartwell, enhancing regional density. WELL expects net income of $1.21 to $1.37 per share and normalized FFO of $3.94 to $4.10 per share in 2024.
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Welltower Inc. (WELL) has issued a business update in preparation for upcoming investor meetings. The update includes information on the company's recent developments and future plans. Welltower has also provided a link to access the complete update on their website.
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Welltower Inc. (WELL) will release its fourth quarter 2023 financial results on February 13, 2024, followed by a conference call and webcast on February 14, 2024, to discuss the results. The earnings release will be available on the company's website. Investors can access the conference call via webcast or telephone, with a webcast replay available for 90 days.
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Welltower Inc. (NYSE: WELL) Business Update: Welltower Inc. has released a business update outlining its recent developments and future plans. The update can be accessed on the company's website.
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Essential Properties Realty Trust, Inc. (NYSE: EPRT) announced the retirement of Chairman Paul T. Bossidy, effective December 31, 2023. The Board will be reduced to seven members, with Scott A. Estes appointed as the new Chairman. CEO Mavoides expressed confidence in Estes and gratitude to Bossidy for his contributions.
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Welltower Inc. announced the pricing of a public offering for 17,500,000 shares of its common stock, generating approximately $1.5 billion in gross proceeds. The underwriters have the option to purchase an additional 2,625,000 shares. The net proceeds will be used for property acquisitions in the seniors housing and skilled nursing sectors, as well as general corporate purposes. Welltower has $3.0 billion of acquisition activity, with $2.4 billion in seniors housing and $600 million in skilled nursing sectors. BofA Securities and Goldman Sachs are the underwriters for the offering.
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Welltower Inc. announced the sale of 17.5 million shares of its common stock to BofA Securities, Inc. and Goldman Sachs & Co. LLC in an underwritten public offering. The underwriters have an option to purchase up to 2.6 million additional shares. The net proceeds will be used for property acquisitions in the seniors housing and skilled nursing sectors, with $3.0 billion of acquisition activity already in progress. The remaining funds may be invested in short-term securities or obligations of the United States.
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Welltower Inc. has issued a business update. The update can be found at https://welltower.com/october2023-business-update.
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FAQ

What is the current stock price of Welltower (WELL)?

The current stock price of Welltower (WELL) is $136.02 as of November 15, 2024.

What is the market cap of Welltower (WELL)?

The market cap of Welltower (WELL) is approximately 84.7B.

What is Welltower Inc.?

Welltower Inc. is a real estate investment trust (REIT) headquartered in Toledo, Ohio, that invests in senior housing, medical offices, and skilled nursing facilities to enhance health care infrastructure.

What sectors does Welltower invest in?

Welltower invests in senior housing, medical offices, and skilled nursing/post-acute care sectors.

Where are Welltower’s properties located?

Welltower's properties are located across the United States, Canada, and the United Kingdom.

What recent investments has Welltower made?

Welltower recently completed $3.0 billion in acquisitions and announced a $1.5 billion public offering to fund future investments.

How does Welltower support health care innovation?

Welltower partners with senior housing operators and health systems to fund the real estate infrastructure needed to scale innovative care delivery models.

What is Welltower's financial outlook for 2024?

Welltower expects to report net income attributable to common stockholders in a range of $1.48 to $1.61 per diluted share and normalized FFO in a range of $4.02 to $4.15 per diluted share.

What are Welltower's ESG initiatives?

Welltower is an ENERGY STAR® Partner of the Year and focuses on sustainability, receiving recognition at the level of Sustained Excellence.

What is the significance of Welltower's partnership with Affinity Living Communities?

The partnership with Affinity Living Communities will expand Welltower's wellness housing portfolio with 25 active adult communities, enhancing their market reach.

How does Welltower maintain its capital structure?

Welltower maintains a strong capital structure by sourcing attractively priced capital, reducing debt, and strategically deploying capital for acquisitions and developments.

Where can I find more information about Welltower's financial performance?

More information about Welltower's financial performance can be found in the Investors section of their website at www.welltower.com.

Welltower Inc.

NYSE:WELL

WELL Rankings

WELL Stock Data

84.67B
622.69M
0.09%
95.81%
1.39%
REIT - Healthcare Facilities
Retail-nonstore Retailers
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