Welltower Inc Stock Price, News & Analysis

Welltower Inc. (NYSE: WELL) announced that CEO Shankh Mitra and CFO Timothy G. McHugh will present at NAREIT's REITweek 2021 Investor Conference on June 8, 2021, from 11:00 a.m. to 11:30 a.m. Eastern Time. Investors can access the live presentation by registering for the conference. An on-demand recording will also be available throughout the remainder of the conference. Welltower is an S&P 500 company focused on transforming health care infrastructure, investing in seniors housing and post-acute properties across the U.S., Canada, and the U.K.

Welltower Inc. (NYSE: WELL) announced the appointment of John F. Burkart as Executive Vice President, Chief Operating Officer, effective July 19, 2021. Burkart, who has 25 years of experience at Essex Property Trust (NYSE: ESS), will oversee operations, asset management, and technological innovation at Welltower. His previous role at Essex involved significant operational leadership and success in driving growth in net operating income. CEO Shankh Mitra expressed confidence in Burkart’s ability to enhance Welltower's growth opportunities through data-driven strategies.

Welltower Inc. (NYSE: WELL) has secured a $4.0 billion unsecured revolving line of credit, replacing its previous $3.0 billion facility. The new Revolving Facility has two tranches, $1.0 billion maturing in 2023 and $3.0 billion in 2025, with the possibility of extending terms. This facility enhances Welltower's liquidity and financial flexibility, indicating strong support from 31 financial institutions. Notably, interest rates improve by 5 basis points, and an emphasis on reducing greenhouse gas emissions could further lower costs.

Welltower® Inc. (NYSE: WELL) has revised its Q2 2021 outlook, expecting net income of $0.34 - $0.38 per diluted share, up from the previous estimate of $0.31 - $0.36. The company also anticipates normalized funds from operations between $0.75 - $0.79 per diluted share, an increase from $0.72 - $0.77. This adjustment reflects positive developments in their financial performance, signaling potential growth for shareholders.

Welltower has established a new investment relationship with Treplus Communities to enhance its senior living portfolio. This partnership aims to provide upscale 55+ active adult rental communities, catering to a growing demographic of savvy consumers. Treplus Communities offers single-story residences with premium amenities in a low-inventory real estate market. The collaboration is expected to accelerate growth, with plans for new Ohio locations and expansion into other Midwest states in 2021. Welltower's leadership in healthcare real estate is set to strengthen Treplus' ability to meet the demands of this market segment.

Welltower Inc. (NYSE: WELL) announced its participation in the 2021

Welltower Inc. (NYSE: WELL) provided a business update on April 28, 2021, detailing its focus on transforming health care infrastructure. The company specializes in investing with seniors housing operators and health systems to enhance innovative care delivery. Welltower operates in high-growth markets across the U.S., Canada, and the U.K., investing in seniors housing, post-acute communities, and outpatient medical properties. For further details, visit here.

Welltower Inc. (NYSE: WELL) reported a net income of $0.17 per diluted share and normalized FFO of $0.80 per diluted share for Q1 2021. Occupancy in its Seniors Housing Operating portfolio rose 60 bps from pandemic lows, reaching approximately 73.8%. The company completed $1.3 billion in pro rata gross investments and executed an $880 million exit from Genesis Healthcare. Welltower declared a cash dividend of $0.61 per share, marking its 200th consecutive dividend. The company anticipates upcoming earnings of $0.31 to $0.36 per share for Q2 2021 amid improving occupancy rates and significant liquidity of $4.0 billion.

Welltower Inc. (NYSE: WELL) has completed two medical office buildings in Charlotte, NC, totaling over 280,000 square feet, delivered in March 2021. These properties are leased to Atrium Health under a 15-year triple-net lease and will serve as a part of a 9-acre mixed-use campus. This development aims to enhance healthcare services in the region, with a focus on next-generation care. The facilities include a shared parking deck for 1,440 cars and will host various Atrium Health clinics, marking an expansion of Welltower's partnerships for innovative healthcare infrastructure.