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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.
Sunrise Senior Living, in collaboration with Hines and Welltower (NYSE: WELL), announced its second luxury senior lifestyle community, The Apsley, in New York City. Situated on the Upper West Side, it will offer 76 assisted living and 80 memory care residences, accommodating up to 178 residents. The community aims to provide high-quality services, with a focus on independence and well-being. Construction is underway, with an opening planned for spring 2023, promising a modern environment tailored to the needs of the area's seniors.
Welltower Inc. (NYSE: WELL) announced that its second quarter 2022 financial results will be released on August 9, 2022, after market close. A conference call and webcast are scheduled for August 10, 2022, at 9:00 a.m. ET to discuss the financial results. Investors can access the call via the company's website or through a toll-free number. A replay will be available from 1:00 p.m. ET on the same day until August 17, 2022. Welltower focuses on healthcare infrastructure, investing in seniors housing and outpatient medical properties.
Welltower Inc. (NYSE: WELL) has announced a business update ahead of upcoming investor meetings on July 13, 2022. The company's focus is on transforming health care infrastructure by investing with leading operators in seniors housing, post-acute care, and health systems. Welltower, a real estate investment trust, holds properties in key markets across the U.S., Canada, and the U.K., targeting innovative care delivery models to enhance wellness and healthcare experiences. For further details, visit this link.
On June 30, 2022, Welltower Inc. (NYSE: WELL) released its 2021 Environmental, Social and Governance (ESG) Report, showcasing significant progress in ESG initiatives. Key achievements include receiving the ENERGY STAR® Partner of the Year award and improving its MSCI ESG rating from A to AA. Welltower was also recognized in the Dow Jones Sustainability North America Composite Index and named one of America's Most Responsible Companies by Newsweek. The report highlights the company's commitment to corporate responsibility and sustainability, benefiting stakeholders and reinforcing Welltower's market position.
Welltower Inc. (NYSE: WELL) announced the closing of a $4.0 billion unsecured revolving line of credit and a $1.0 billion term loan, enhancing its liquidity and extending its debt maturity profile. The amendments also improve pricing across the Term Facility, allowing a reduction in interest rates tied to greenhouse gas emissions. The company can increase its credit facilities by up to $1.25 billion, bringing total available credit to over $6.5 billion. This move supports Welltower's aim to maintain financial flexibility and create shareholder value.
Welltower® Inc. (NYSE: WELL) has updated its Q2 2022 financial outlook, now forecasting net income attributable to common stockholders of $0.22 - $0.25 per diluted share, an increase from previous guidance of $0.20 - $0.25. The company also projects normalized funds from operations between $0.84 - $0.87 per diluted share, up from $0.82 - $0.87. This positive adjustment reflects Welltower's strategy in transforming health care infrastructure, focusing on seniors housing and outpatient medical properties across high-growth markets in the US, Canada, and the UK.
Welltower Inc. (NYSE: WELL), headquartered in Toledo, Ohio, specializes in improving health care infrastructure by investing in seniors housing operators and post-acute providers. This business update highlights their commitment to scaling innovative care delivery models across major markets in the U.S., Canada, and the UK. Welltower, a real estate investment trust, focuses on properties that enhance wellness and healthcare experiences. More details can be found through their official update link.
Welltower Inc. (NYSE: WELL) reported a net income of $0.14 per diluted share and normalized FFO of $0.82 per diluted share for Q1 2022, exceeding guidance. The company achieved a 15% year-over-year normalized FFO growth, with same-store occupancy rising by 460 bps to 78.0%. Total portfolio SSNOI growth reached 8.9%, supported by SHO portfolio growth of 18.4%. Welltower made significant investments totaling $1.2 billion in Q1. A cash dividend of $0.61 was declared, marking the 204th consecutive quarterly dividend. The guidance for Q2 anticipates net income per share of $0.20 to $0.25.
Welltower Inc. (NYSE: WELL) announced an expansion of its partnership with Oakmont Management Group, agreeing to acquire seven senior living communities in California for approximately $344 million. These properties include four rental and three continuing care retirement communities, with expected cost savings and revenue enhancement due to geographic overlap. The transaction, funded by cash and operating partnership units, aims for a high-single-digit unlevered IRR. This addition brings their partnership to 22 assets, with a strong growth pipeline anticipated in 2023.
Welltower Inc. (NYSE: WELL) will announce its first quarter 2022 financial results on May 10, 2022, after market close. A conference call is scheduled for May 11, 2022, at 9:00 a.m. ET, to discuss these results. Interested parties can access the call via the company’s website or by telephone. A replay of the call will be available starting at 12:30 p.m. ET on the same day. Welltower is a real estate investment trust focused on improving health care infrastructure through strategic investments in seniors housing and health systems.
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