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 a leading global healthcare real estate investment trust (REIT) driving innovation in seniors housing, post-acute care communities, and outpatient medical infrastructure. This page serves as a comprehensive resource for Welltower news, offering investors and industry professionals timely updates on strategic developments.
Access official press releases, financial disclosures, and market analysis related to WELL's portfolio growth, capital deployment strategies, and healthcare partnerships. Our curated collection includes updates on property acquisitions, operational milestones, and industry leadership initiatives across North American and international markets.
Key areas of coverage include quarterly earnings reports, joint venture announcements, sustainability initiatives, and innovations in healthcare property management. Bookmark this page to stay informed about Welltower's role in shaping healthcare infrastructure through disciplined real estate investments and operator collaborations.
Welltower, trading under the symbol WELL on the NYSE, announced a proposed private placement of $750 million in exchangeable senior notes due 2029. The notes will be offered to qualified institutional buyers under Rule 144A of the Securities Act of 1933. An additional $112.5 million in notes may be offered at the initial purchasers' option. The notes, senior unsecured obligations of Welltower OP , will accrue semi-annual interest and can be exchanged for cash or common stock.
The proceeds will be used for general corporate purposes such as debt repayment and investments in healthcare, wellness, and senior housing properties. These notes will not be registered under the Securities Act and can only be sold to qualified institutional buyers.
Welltower has released its 2023 Environmental, Social, and Governance (ESG) Report, highlighting significant achievements and progress in various ESG initiatives. The report showcases Welltower's commitment to environmental stewardship, social well-being, and transparent corporate governance. Key achievements include the allocation of $1.04 billion from green bonds to certified green building projects, a 25% GHG emissions reduction target by 2030, and over 349 green building certifications. Recognitions include ENERGY STAR® Partner of the Year for the fifth consecutive year and a top ranking in corporate governance among US REITs by Green Street Advisors.
Welltower has revised its 2024 guidance, raising expectations for normalized funds from operations (FFO) attributable to common stockholders to a range of $4.05 - $4.17 per diluted share. This is an adjustment from the previous guidance of $4.02 - $4.15 per diluted share. The company shared additional details and other recent developments through a Business Update presentation available on their website.
Welltower announced a 10% increase in its quarterly dividend to $0.67 per share starting from Q2 2024. This marks the first dividend increase since 2017 and reflects the company's solid financial performance and growth prospects. CEO Shankh Mitra highlighted strong cash flow growth and a robust investment pipeline, with nearly $4.0 billion of investments closed or under contract in 2024, compared to $5.0 billion in 2023. The company has also strengthened its balance sheet, ensuring significant liquidity and financial flexibility.
Welltower® Inc. (WELL) has issued a business update outlining key developments and strategies for the future. The update can be accessed on the company's website.
Welltower Inc. (NYSE: WELL) reported strong financial results for Q1 2024, with a net income per diluted share of $0.22 and an 18.8% increase in normalized FFO per diluted share. The company achieved a 12.9% SSNOI growth in its Seniors Housing Operating portfolio. Additionally, Welltower improved its net debt to Adjusted EBITDA ratio to 4.03x and has $6.5 billion in available liquidity.
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