Welltower Inc Stock Price, News & Analysis

Welltower (NYSE: WELL) has announced a definitive merger agreement to acquire NorthStar Healthcare Income, a public non-listed REIT, in an all-cash transaction valued at approximately $900 million. NorthStar stockholders will receive $3.03 per share, exceeding the net asset value of $2.96 per share as of June 30, 2024.

The acquisition includes 40 seniors housing communities which Welltower plans to allocate to its recently announced funds management business. The merger, unanimously approved by NorthStar's board, is expected to close in the first half of 2025, subject to stockholder approval and customary closing conditions.

The agreement includes a 40-day "go shop" period during which NorthStar can actively seek and consider alternative acquisition proposals, with the right to terminate the current agreement if a superior proposal emerges.

Welltower (NYSE: WELL) has launched a private funds management business to manage third-party capital in healthcare and wellness real estate. The Abu Dhabi Investment Authority (ADIA) is committing 20% (up to $400 million) as an anchor LP to the first fund, with Welltower and its management matching this commitment.

The first fund will focus on acquiring seniors housing portfolios in the United States, leveraging Welltower's data science platform. The company has already secured an initial portfolio of six seniors housing communities for $240 million, featuring 778 units with 92% occupancy and 31% NOI margins. Additionally, Welltower is under contract to acquire NorthStar Healthcare Income, comprising 40 seniors housing communities, for approximately $900 million.

The new business aims to generate revenue through asset management fees and carried interest, with management's portion of carried interest being allocated to emerging leaders. The initiative will utilize Welltower's industry relationships, operating platform, and proprietary data science capabilities as competitive advantages.

Welltower (NYSE: WELL) has announced it will release its fourth quarter 2024 financial results after the NYSE trading close on Tuesday, February 11, 2025. The company will host a conference call and webcast on Wednesday, February 12, 2025, at 9:00 a.m. ET to discuss the results.

Investors can access the conference call through multiple channels: the company's website, a webcast link, or via telephone. The toll-free dial-in number for U.S. participants is (888) 340-5024, while international participants can dial (646) 960-0135, using conference ID 8230248. A replay will be available from 1:00 p.m. ET on February 12 until February 19, 2025.

Welltower (NYSE: WELL) announced several executive and senior leadership promotions to strengthen its long-term growth prospects. Key appointments include: John Burkart as Vice Chairman & Chief Operating Officer, Nikhil Chaudhri as Co-President & Chief Investment Officer, Tim McHugh as Co-President & Chief Financial Officer, and Matthew McQueen as Chief Legal Officer.

Under Chaudhri's leadership as CIO, the company has overseen approximately $11 billion in global capital deployment. McHugh has led the strengthening of the company's balance sheet, maintaining exceptional liquidity and the strongest leverage metrics among large-cap REITs. Burkart has driven structural overhaul through creating a comprehensive operating platform within the seniors housing industry.

Additional promotions include John Olympitis to EVP of Corporate Development, Edward Cheung to EVP of International Investments, and Patrick Keppenne to SVP of Investments.

Welltower® Inc. (NYSE: WELL) has released a new business update. The update provides insights into recent company performance and strategic initiatives.

Key points include:

• Details on financial metrics and operational performance.
• Updates on new investments and partnerships.
• Information on asset acquisitions and dispositions.
• Current occupancy rates and leasing activity.
• Plans for future growth and development.

For more detailed information, visit their official site.

Welltower (NYSE:WELL) reported strong Q3 2024 results with net income of $0.73 per diluted share and normalized FFO of $1.11 per share, up 20.7% year-over-year. The company achieved total portfolio same-store NOI growth of 12.6%, driven by 23.0% growth in Seniors Housing Operating portfolio. Key highlights include 8.9% year-over-year same-store revenue growth in SHO portfolio, with 310 basis points occupancy improvement and 4.9% RevPOR growth. During Q3, Welltower completed $2.4 billion in investments and improved net debt to Adjusted EBITDA to 3.73x. The company increased its quarterly dividend by 10% and raised its full-year 2024 normalized FFO guidance to $4.27-$4.33 per share.

Welltower Inc. (NYSE: WELL) has announced the release date for its third quarter 2024 financial results. The company will disclose the results after the close of trading on the New York Stock Exchange on Monday, October 28, 2024. Following this, Welltower will host a conference call and webcast on Tuesday, October 29, 2024, at 9:00 a.m. ET to discuss the results.

Investors and interested parties can access the conference call through various means, including the company's website, a webcast link, or by telephone. The earnings release will be available in the Investors section of Welltower's website. A webcast replay will be accessible approximately two hours after the call concludes and will remain available for 90 days. Additionally, a replay of the conference call will be available from October 29, 2024, to November 5, 2024.

Welltower Inc. (NYSE: WELL) has released a business update in preparation for upcoming investor meetings. The update, which contains important information for shareholders and potential investors, is now available on the company's official website. Interested parties can access the full details of the update at https://welltower.com/October2024-business-update.

This proactive communication demonstrates Welltower's commitment to transparency and keeping stakeholders informed about the company's current business status and future prospects. The update likely includes key financial metrics, operational highlights, and potentially strategic initiatives or market insights relevant to Welltower's position in the healthcare real estate sector.

Welltower Inc. (NYSE: WELL) has announced its participation in the Bank of America Securities 2024 Global Real Estate Conference. Chief Executive Officer Shankh Mitra will be part of a live panel discussion scheduled for Tuesday, September 10, 2024, from 2:15 p.m. to 2:50 p.m. ET. The event will take place at the Bank of America Tower in New York City.

Interested parties can access the webcast of the panel discussion through a provided link. This conference participation highlights Welltower's engagement with the investment community and offers an opportunity for stakeholders to gain insights into the company's strategies and market position in the real estate sector.