Welltower Inc Stock Price, News & Analysis

Welltower Inc. (NYSE: WELL) will participate in the BMO Real Assets Conference on September 3, 2020. The company has released a related presentation available at this link. Welltower is focused on transforming health care infrastructure through investments in seniors housing, post-acute care, and outpatient medical properties. Headquartered in Toledo, Ohio, Welltower is an S&P 500 company with investments in high-growth markets across the U.S., Canada, and the U.K.

Welltower Inc. (NYSE: WELL) has announced its membership in the Renewable Energy Buyers Alliance (REBA), a coalition aimed at promoting a zero-carbon energy system. Founded in 2019, REBA focuses on assisting large energy buyers in obtaining renewable energy effectively. The initiative seeks to facilitate over 60 gigawatts of renewable energy by 2025 in the U.S. Welltower's CEO, Thomas J. DeRosa, emphasized the company's commitment to sustainability and the significance of collaboration in reducing carbon footprints. The alliance aims to share insights to help REITs improve their sustainability strategies.

Welltower Inc. (NYSE: WELL) has released a business update emphasizing its focus on enhancing health care infrastructure through investments in seniors housing and post-acute providers. As an S&P 500 company based in Toledo, Ohio, Welltower is committed to improving care delivery models and overall wellness across its properties in major markets in the U.S., Canada, and the U.K. The update reflects the company’s strategic direction in addressing the evolving health care landscape.

Welltower reported a net income of $0.42 per diluted share for Q2 2020, along with a normalized FFO of $0.86 per diluted share. The company completed $949 million in dispositions at a blended yield of 5.7%, enhancing liquidity to $4.3 billion as of July 31. Occupancy in seniors housing declined to 79.4% in July, with total losses projected between 125-175 basis points for Q3. Despite challenges from COVID-19, Welltower collected 98% of rent due for Q2. A dividend of $0.61 per share was declared, marking the 197th consecutive quarterly cash dividend.

On August 5, 2020, Kayne Anderson Real Estate acquired a significant healthcare portfolio from Welltower Inc. (NYSE: WELL) consisting of 34 properties, including 27 medical office buildings and seven senior housing communities located mainly in Florida. This transaction enhances Welltower's liquidity profile, providing flexibility during challenging market conditions, while KA Real Estate aims to leverage its operator-oriented investment platform for future acquisitions. The deal reflects strong demand for high-quality medical and senior housing assets.

Welltower Inc. (NYSE: WELL) announced the appointment of Diana Reid to its Board of Directors. Ms. Reid brings over 38 years of experience in financial services, previously serving as Executive Vice President at PNC Financial Services and founding Beekman Advisors. Her expertise includes commercial real estate and corporate strategy. Following her appointment, Welltower's Board will now include nine members, with 88% being women and minorities among independent directors. Reid's extensive background is expected to enhance Welltower's growth and create shareholder value.

Welltower Inc. (NYSE: WELL) will release its second quarter 2020 financial results after market close on August 5, 2020. A conference call is scheduled for August 6, 2020, at 9:00 a.m. ET to discuss earnings. Investors can access the call via the company's website or by phone at (844) 467-7115 for the U.S. and (409) 983-9837 internationally, with conference ID 1499061. A replay will be available from 1:00 p.m. ET on August 6 until August 20.

Welltower Inc. (NYSE: WELL) published its 2019 Corporate Social Responsibility report, highlighting significant achievements in environmental, social, and governance (ESG) initiatives. Recognized by FORTUNE's Most Admired Companies and included in the Dow Jones Sustainability Index, Welltower's commitment to ESG was underscored by awards like the Energy Star Partner of the Year. CEO Thomas J. DeRosa emphasized the importance of corporate responsibility during challenging times. The complete CSR report is accessible through the company's website.

Welltower announced a cash offer to purchase up to $426,248,000 of its 3.950% and 3.750% Notes due 2023. The offer, effective as of June 30, 2020, will expire on July 14, 2020, unless extended. Note holders who validly tendered their notes by June 29, 2020, are eligible for Total Consideration, including accrued interest. The offering has reached its maximum principal amount, meaning no additional notes will be accepted. Welltower has engaged BofA Securities, J.P. Morgan, and Wells Fargo as dealer managers for the offer.