Welltower Inc Stock Price, News & Analysis

Welltower Inc. (NYSE: WELL) provided a business update coinciding with its attendance at the Citi 2022 Global Property CEO Conference in Toledo, Ohio, on March 6, 2022. The company is noted for transforming health care infrastructure through strategic investments in seniors housing, post-acute providers, and health systems. Welltower focuses on real estate investment trusts (REIT) operating in high-growth markets across the U.S., Canada, and the U.K., with an emphasis on enhancing wellness and care delivery.

Welltower Inc. (NYSE: WELL) is expanding its partnership with StoryPoint Senior Living by purchasing three senior living portfolios, totaling 2,787 units across Michigan, Ohio, and Tennessee, for approximately $548 million. This strategic move, anticipated to enhance occupancy and cash flow growth, comes as StoryPoint operates under a RIDEA 3.0 contract. The transaction is set to yield high-single-digit unlevered internal rates of return (IRRs). Welltower's investments since October 2020 will now reach $6.8 billion, with YTD transactions totaling $1.2 billion.

On March 6, 2022, Welltower announced a strategic partnership with Related Companies and Atria Senior Living to develop two senior living communities in Silicon Valley: one in Santa Clara and another in Cupertino. The 191-unit Santa Clara Development will be adjacent to a large urban project, with construction expected to start mid-2022 and completion by 2024. The 158-unit Cupertino Development aims to begin construction by the end of 2022, also targeting a 2024 completion. This venture strengthens Welltower's portfolio in high-growth markets focused on senior living.

Welltower Inc. (NYSE: WELL) announced a business update on February 15, 2022, highlighting its commitment to transforming health care infrastructure. The company invests with leading seniors housing operators and health systems to enhance care delivery models across the U.S., Canada, and the U.K. Welltower's portfolio focuses on high-growth markets and includes seniors housing, post-acute communities, and outpatient medical properties. The update aims to strengthen Welltower's position in the health care sector, aligning with its mission to improve overall health care experiences.

Welltower (NYSE: WELL) has formed a strategic partnership with Reuben Brothers, coinciding with the latter's acquisition of Avery Healthcare, a major operator in the UK seniors housing sector. This 50/50 joint venture aims to leverage Welltower's data analytics and Reuben Brothers' real estate expertise to address the growing demand for seniors housing. The partnership is expected to enhance growth prospects for Avery Healthcare, which operates 65 facilities in the UK. Welltower's CEO expressed confidence in the growth opportunities in the seniors housing market amid an increasing aging population.

Welltower Inc. (NYSE:WELL) reported a net income of $0.13 per diluted share and normalized FFO of $0.83 for Q4 2021. Spot occupancy in the Seniors Housing Operating portfolio rose to 77.7%, with same-store revenue growth of 4.8%. The company achieved $5.7 billion in pro rata gross investments for 2021 and exited its relationship with Genesis Healthcare with an 8.5% unlevered IRR. However, Q4 expenses surged due to higher COVID-19 costs, affecting net income and FFO. For Q1 2022, Welltower expects net income per share between $0.17 to $0.22 and normalized FFO between $0.79 to $0.84.

Welltower Inc. (NYSE: WELL) announced its fourth quarter 2021 financial results will be released after market close on February 15, 2022. A conference call is scheduled for February 16, 2022, at 9:00 a.m. ET to discuss the results. Investors can access the call via the company's website or telephone. Welltower, headquartered in Toledo, Ohio, is focused on transforming health care infrastructure by investing in seniors housing and health systems across the U.S., Canada, and the U.K.

Welltower Inc. (NYSE: WELL), based in Toledo, Ohio, has released a business update ahead of its participation in the Stifel Healthcare Real Estate Conference. As an S&P 500 company, Welltower focuses on transforming health care infrastructure by investing in seniors housing, post-acute care, and outpatient medical properties in high-growth markets across the U.S., Canada, and the U.K. The company aims to enhance health care experiences and promote wellness through innovative care delivery models. Further details can be accessed through their website.

Welltower® Inc. (NYSE: WELL) released a business update on January 11, 2022, during the Capital One Securities Second Annual REIT Conference. The company focuses on transforming health care infrastructure by investing in senior housing operators and health systems. Welltower owns properties across high-growth markets in the U.S., Canada, and the U.K., with a portfolio comprising seniors housing, post-acute communities, and outpatient medical properties. More details are available in their January business update.