Welcome to our dedicated page for Welltower news (Ticker: WELL), a resource for investors and traders seeking the latest updates and insights on Welltower stock.
Welltower Inc. reports developments tied to its health care real estate portfolio, with a current focus on rental housing for aging seniors in the United States, United Kingdom and Canada. Company updates commonly address seniors and wellness housing communities, operating and financial results, same-store portfolio performance, capital allocation and business-system initiatives across its housing and hospitality model.
Recurring news also covers balance-sheet activity such as unsecured credit facilities, equity-funded investment capacity and registered securities, as well as data science partnerships involving capital allocation analytics. Governance and executive compensation matters appear through company disclosures and outside shareholder commentary.
Welltower Inc. (NYSE: WELL) announced it will release its first quarter 2023 financial results after the market closes on May 2, 2023. A conference call and webcast will follow on May 3, 2023, at 9:00 a.m. ET to discuss these results. Investors can access the earnings release through the Company's website. The conference call provides an opportunity for stakeholders to engage with the management team. Additionally, a replay of the call will be accessible starting at 1:00 p.m. ET on May 3 until May 10. Welltower, an S&P 500 company based in Toledo, Ohio, focuses on transforming healthcare infrastructure, investing in health systems and senior housing across the U.S., Canada, and the U.K.
National Storage Affiliates Trust (NSA) has announced the passing of George L. Chapman, a member of the Board of Trustees since its IPO in 2015. Mr. Chapman served as Chairman of the Compensation, Nominating, and Corporate Governance Committee. CEO Tamara Fischer praised his significant contributions and leadership skills, acknowledging his impact on NSA's success. Chapman was also involved with Health Care REIT, now known as Welltower Inc. (WELL), and held various community roles. NSA, focused on self-storage properties, managed 1,101 locations as of December 31, 2022, across the U.S. and Puerto Rico, emphasizing its status in the REIT sector.
Welltower (NYSE: WELL) expresses its sadness at the passing of former CEO and Chairman George L. Chapman on March 23, 2023. Chapman joined the company in 1992 and became CEO in 1996, leading significant growth and innovation in the health care real estate investment trust sector. Under his leadership, the firm saw a transformation and was rebranded as Welltower in 2015. His contributions were acknowledged by current CEO Shankh Mitra, who emphasized Chapman's vision and leadership. Chapman's educational background includes degrees from Cornell University and The University of Chicago, and he was known for his involvement in charitable initiatives.
Welltower (NYSE: WELL), headquartered in Toledo, Ohio, will present at the Citi 2023 Global Property CEO Conference on March 6, 2023, from 1:00 PM to 1:35 PM ET. CEO Shankh Mitra, CFO Tim McHugh, and COO John Burkart will participate in the event. A live webcast of the presentation will be accessible and available for one year after the conference ends on March 7, 2023. Welltower is a leader in healthcare infrastructure investment, specializing in seniors housing, post-acute communities, and outpatient medical properties across the U.S., Canada, and the U.K.
Welltower (NYSE: WELL) and Retirement Unlimited Inc. (RUI) have established a programmatic partnership in the senior living sector, marking the launch of RUI's luxury brand, Elancé, with the first community located in Alexandria, Virginia. RUI took over management of the former Fountains at Washington House on November 15, 2022. The partnership is projected to expand significantly, aiming for over 20 communities along the East Coast. Notable developments at Elancé include enhanced services and amenities, such as a rooftop showcase and a new dining experience. RUI emphasizes resident engagement through various programs, enhancing the overall living experience.
On February 15, 2023, Welltower (NYSE: WELL) released a business update highlighting its role in transforming health care infrastructure. The company invests with leading seniors housing operators and post-acute providers to enhance care delivery models and improve overall wellness.
As a real estate investment trust (REIT), Welltower holds properties across major growth markets in the U.S., Canada, and the United Kingdom, focusing on seniors housing and outpatient medical properties. This strategic positioning aims to scale innovative models that benefit both operators and end-users.
Welltower Inc. (NYSE: WELL) reported a net loss of $0.01 per diluted share for Q4 2022, with normalized FFO at $0.83 per diluted share. The company achieved a year-over-year same store NOI growth of 12.9%, primarily from a 28.1% increase in its Seniors Housing Operating portfolio. The SHO portfolio’s revenue rose by 10.3%, attributed to a 200 basis point occupancy increase and 7.5% REVPOR growth. Welltower announced a joint venture with Integra Healthcare Properties for 147 skilled nursing facilities, and its 2023 guidance projects net income between $0.57 and $0.75 per diluted share alongside normalized FFO of $3.35 to $3.53 per diluted share.
Welltower Inc. (NYSE: WELL) announced on February 15, 2023, the appointment of Jerry Davis, former President and COO of UDR, as a Strategic Advisor. With 30 years of experience in the multifamily sector, Davis will collaborate with Welltower's COO, John Burkart, to enhance operational capabilities in seniors housing. This appointment coincides with a recent Private Letter Ruling providing Welltower with operational flexibility for its independent living assets. Davis aims to implement innovative technology solutions to improve profitability and sustainability within the business.
Welltower Inc. (NYSE: WELL) will release its fourth-quarter financial results on February 15, 2023, after trading closes. A conference call to discuss these results is scheduled for February 16, 2023, at 9:00 a.m. ET. Investors can access the earnings release through the Company's website. Welltower, a real estate investment trust based in Toledo, Ohio, specializes in healthcare infrastructure investments, focusing on seniors housing and outpatient medical properties across high-growth markets in the U.S., Canada, and the UK. The Company aims to enhance wellness and healthcare experiences through innovative care delivery models.
Welltower announced key promotions within its executive leadership on January 17, 2023, to enhance the company’s strategic direction. Nikhil Chaudhri was appointed as Executive Vice President - Chief Investment Officer, bringing eight years of experience and significant transaction leadership. Ayesha Menon has been promoted to Executive Vice President - Wellness Housing & Development, focusing on wellness housing growth. Other notable promotions include Swagat Banerjee as Chief Data Officer and Russ J. Simon as Senior Vice President, Co-Head of US Investments. CEO Shankh Mitra emphasized the leadership team's role in driving value and fostering a culture of talent development.