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. (NYSE: WELL) is an S&P 500 real estate company focused on residential wellness and healthcare infrastructure, with an emphasis on rental housing for aging seniors in the United States, United Kingdom, and Canada. The news and press releases associated with Welltower highlight its evolving portfolio of seniors and wellness housing communities and its role in what it describes as the silver economy.
News about Welltower frequently covers quarterly financial results, including net income, normalized funds from operations (FFO), and same store net operating income (SSNOI) across its seniors housing operating portfolio. These updates often include details on occupancy trends, revenue per occupied room (RevPOR), expense per occupied room (ExpPOR), and margin expansion within its seniors housing communities.
Another recurring theme in Welltower’s news flow is capital allocation activity. The company regularly announces acquisitions of seniors housing portfolios and communities in the U.S., U.K., and Canada, as well as dispositions and loan repayments related to other asset types, including outpatient medical properties. These announcements provide insight into how Welltower is intensifying its focus on seniors housing and recycling capital into what it views as higher-growth opportunities.
Welltower’s news also addresses its financing and capital markets activities, such as senior unsecured note issuances, at-the-market equity distribution programs, and registration of shares issued in connection with property acquisitions. In addition, the company issues updates on its operating platform, the Welltower Business System, its Data Science platform, and leadership and governance developments, including long-term executive alignment programs.
Investors and observers who follow WELL news can use this information to monitor portfolio strategy, transaction activity, operating performance metrics, and changes in capital structure. Regular news updates provide context on how the company is executing its stated objective of long-term compounding of per share growth for existing investors.
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.
Welltower announced early tender results for its cash offer to purchase outstanding Notes. The initial maximum principal amount of $400 million was increased to $426,248,000. Valid tenders included $265,376,000 of 3.950% Notes and $160,872,000 of 3.750% Notes, with all validly tendered Notes accepted for purchase. The Offer will expire on July 14, 2020. The Total Consideration for each Notes series will be determined based on market yield conditions. Welltower plans to announce pricing later today.