Welltower Inc Stock Price, News & Analysis

Welltower announces the transition of 147 ProMedica Senior Care skilled nursing assets into a joint venture with Integra Health, maintaining an 85/15 ownership structure. This move is expected to increase Welltower's cash rent by over 4% compared to current contracts. ProMedica will continue to operate 58 senior living communities. The transactions aim to ensure quality care and are projected to be neutral to slightly accretive to Welltower's cash flow and earnings. ProMedica has met all financial obligations through November 2022, minimizing risks of rent payment interruptions.

Welltower Inc. (NYSE: WELL) reported a net loss of $0.01 per diluted share for Q3 2022, but showed normalized funds from operations (FFO) of $0.84 per diluted share, reflecting a 5.0% year-over-year growth. Significant growth was noted in the same store NOI, which rose by 7.2%, and the Seniors Housing Operating (SHO) portfolio saw a 17.6% increase. Welltower completed $1.1 billion in pro rata gross investments and reduced variable rate debt by $817 million. A cash dividend of $0.61 per share was declared. The outlook for Q4 anticipates net income between $0.08 to $0.13 per share.

Welltower Inc. (NYSE: WELL) announces it will release its Q3 2022 financial results on November 7, 2022, after market close. A conference call and webcast to discuss these results will occur on November 8, 2022, at 9:00 a.m. ET. Interested parties can access the earnings release via the company's website. A replay of the conference call will be available shortly after and last for 90 days. Welltower specializes in health care infrastructure and holds interests in properties across the U.S., Canada, and the UK.

Welltower Inc. (NYSE: WELL) provided a business update during the 3rd Annual Mizuho Healthcare REIT Conference on October 4, 2022. The company focuses on transforming healthcare infrastructure by investing in seniors housing operators, post-acute providers, and health systems across the U.S., Canada, and the U.K. With a presence in high-growth markets, Welltower aims to enhance care delivery models and improve wellness. The update can be accessed at Welltower's business update page.

Welltower® Inc. (NYSE: WELL) provided a business update on Aug. 9, 2022. This S&P 500 company, headquartered in Toledo, Ohio, focuses on transforming health care infrastructure by investing in seniors housing, post-acute providers, and health systems. Welltower owns properties in major markets across the US, Canada, and the UK, enhancing innovative care delivery models. The update includes insights into their current strategies and market presence, which are crucial for understanding their impact on wellness and healthcare experiences.

Welltower Inc. (NYSE: WELL) reported Q2 2022 results, showing a net income of $0.20 per share and normalized FFO of $0.86 per share, with a year-over-year FFO growth of 8.9%. The company achieved 8.7% same store NOI growth and a significant increase in its Seniors Housing Operating portfolio's revenue, up 11.5%. It completed $1.6 billion in investments and improved its unsecured credit facility to $5.2 billion. Welltower declared a cash dividend of $0.61 per share, marking its 205th consecutive quarterly payment. Outlook for Q3 includes anticipated net income of $0.12 to $0.17 per share.

Sunrise Senior Living, in collaboration with Hines and Welltower (NYSE: WELL), announced its second luxury senior lifestyle community, The Apsley, in New York City. Situated on the Upper West Side, it will offer 76 assisted living and 80 memory care residences, accommodating up to 178 residents. The community aims to provide high-quality services, with a focus on independence and well-being. Construction is underway, with an opening planned for spring 2023, promising a modern environment tailored to the needs of the area's seniors.

Welltower Inc. (NYSE: WELL) announced that its second quarter 2022 financial results will be released on August 9, 2022, after market close. A conference call and webcast are scheduled for August 10, 2022, at 9:00 a.m. ET to discuss the financial results. Investors can access the call via the company's website or through a toll-free number. A replay will be available from 1:00 p.m. ET on the same day until August 17, 2022. Welltower focuses on healthcare infrastructure, investing in seniors housing and outpatient medical properties.