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) reported Q2 2022 results, showing a net income of $0.20 per share and normalized FFO of $0.86 per share, with a year-over-year FFO growth of 8.9%. The company achieved 8.7% same store NOI growth and a significant increase in its Seniors Housing Operating portfolio's revenue, up 11.5%. It completed $1.6 billion in investments and improved its unsecured credit facility to $5.2 billion. Welltower declared a cash dividend of $0.61 per share, marking its 205th consecutive quarterly payment. Outlook for Q3 includes anticipated net income of $0.12 to $0.17 per share.
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.