Welltower Inc Stock Price, News & Analysis

Welltower® Inc. (NYSE: WELL) provided a business update on November 4, 2021. The company, a leader in healthcare infrastructure, invests in seniors housing and post-acute care facilities across the U.S., Canada, and the U.K. Welltower focuses on improving health care delivery and wellness through strategic partnerships. The company operates as a real estate investment trust (REIT), emphasizing properties in high-growth markets. For more details, visit Welltower's official update.

Welltower Inc. (NYSE: WELL) and Kisco Senior Living have formed a long-term strategic partnership to enhance senior living offerings. The collaboration aims to leverage Kisco's innovative housing models alongside Welltower's data analytics. Both companies have commenced development on two senior housing communities: The Carnegie at Washingtonian Center and Phase Two of The Cardinal at North Hills, with a total investment exceeding $325 million. The Cardinal has maintained occupancy above 95%, with a recent return to full occupancy in September 2021.

Welltower Inc. (NYSE: WELL) announced definitive agreements to acquire four senior housing portfolios for a total gross investment of $1.3 billion. This investment, alongside previous investments of $4.3 billion, brings Welltower's total investments to $5.6 billion since October 2020. Notably, these acquisitions are projected to yield high single-digit to mid-teens unlevered IRRs. With $5.3 billion in liquidity, the company aims to leverage growing investment opportunities in the current market, driven by rising seller motivation amidst industry disruptions.

Welltower Inc. (NYSE: WELL) reported Q3 2021 earnings, posting a net income of $0.42 per diluted share and normalized FFO of $0.80. The SHO portfolio saw occupancy rise 210 bps, surpassing expectations, and same-store revenue growth turned positive for the first time since the pandemic. Welltower invested $2.2 billion in Q3, including a $1.58 billion acquisition of 85 seniors housing properties. Moody's and S&P upgraded their outlook for Welltower to stable, and the company declared a quarterly dividend of $0.61 per share.

Kisco Senior Living and Welltower have announced the groundbreaking of The Carnegie at Washingtonian Center in Gaithersburg, Maryland. This seven-story complex will comprise 302 one- and two-bedroom units designed for independent living, assisted living, and memory care. The facility, located on 8.5 acres, aims to provide a premium living experience, featuring amenities like a salt-water pool, fitness center, and wellness spa. Scheduled to open in spring 2024, this project represents Kisco’s commitment to high standards in senior living.

Welltower Inc. (NYSE: WELL) will release its third quarter 2021 financial results on November 4, 2021, after trading closes. The company will host a conference call on November 5, 2021, at 8:30 a.m. Eastern Time to discuss these results. Investors can access the earnings release through Welltower's website. The call will also be available via phone, with instructions for dial-in participants provided. A replay will be accessible starting from 12:30 p.m. Eastern Time on November 5 until November 19, 2021.

Welltower Inc. (NYSE: WELL) announced that Moody's Investors Service has revised its outlook from Negative to Stable and affirmed its Baa1 issuer credit rating. This change is attributed to a significant recovery in its seniors housing operations, with occupancy gains of 380 basis points since March 2021. Additionally, Welltower's liquidity remains strong, with $4.8 billion available, including a $4.0 billion undrawn credit facility. Moody's expects continued improvement in leverage levels, confirming Welltower's solid financial governance throughout the pandemic.

Welltower Inc. (NYSE: WELL) has received a favorable update from S&P Global Ratings, which revised its outlook to Stable from Negative and affirmed a 'BBB+' issuer credit rating. S&P cited a robust demand for seniors housing assets and a solid supply backdrop as key factors for anticipated growth. Welltower's occupancy has improved by 380 basis points since March 2021, with notable gains of 520 bps in the US and 440 bps in the UK. The management is also committed to maintaining liquidity, ending 2020 with over $2.0 billion in cash while funding acquisitions responsibly.

Welltower® Inc. (NYSE: WELL) has released a business update coinciding with upcoming investor conferences. The company specializes in transforming healthcare infrastructure through investments in seniors housing and healthcare systems. Welltower operates as a real estate investment trust (REIT) with a focus on high-growth markets across the U.S., Canada, and the U.K. It aims to enhance care delivery models and improve wellness and healthcare experiences for individuals. More details can be found in their September business update online.