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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
Welltower Issues $1 Billion in New Senior Unsecured Notes
Welltower OP LLC has issued $400 million in 4.500% Notes due 2030 and $600 million in 5.125% Notes due 2035, totaling $1 billion. These Notes are guaranteed by Welltower Inc. and were sold under an automatic shelf registration statement with the SEC. The 2030 Notes will mature on July 1, 2030, while the 2035 Notes will mature on July 1, 2035, with interest payable semiannually starting January 1, 2026.
The proceeds from the sale of the Notes are intended for general corporate purposes, including debt repayment and investment opportunities in healthcare and seniors housing properties. Until the proceeds are utilized, they may be temporarily invested in short-term, investment-grade securities or other secure financial instruments.
linkAug 04, 2025 16:07:03
Welltower Registers Sale of 949,412 Shares of Common Stock
Welltower Inc. has registered the offer and resale of up to 949,412 shares of its common stock, valued at $1.00 per share. This move follows the company's recent acquisition of certain properties, for which these shares were issued as consideration.
The registration is part of a prospectus supplement to the base prospectus included in Welltower's automatic shelf registration statement. Legal and tax opinions from the law firm Gibson, Dunn & Crutcher LLP have been provided and are attached as exhibits to the filing.
linkJul 29, 2025 10:00:29
Welltower Reports Strong Q2 2025 Earnings and Increased Dividend
Welltower Inc. reported a net income of $0.45 per diluted share and a normalized funds from operations (FFO) of $1.28 per diluted share for the second quarter of 2025, marking a 21.9% increase year-over-year. The company experienced a 13.8% growth in same store net operating income (SSNOI), driven by a 23.4% increase in its Seniors Housing Operating (SHO) portfolio. The company also announced a significant $9.2 billion in pro rata investment activity year-to-date and improved its net debt to adjusted EBITDA ratio to 2.93x from 3.68x a year prior, indicating enhanced financial stability.
Additionally, Welltower's Board of Directors declared a quarterly dividend of $0.74 per share, reflecting a 10.4% increase, supported by strong cash flow growth and a low payout ratio. The company reported approximately $9.5 billion in available liquidity, which includes $4.5 billion in cash and full capacity under its $5.0 billion line of credit. The updated guidance for net income attributable to common stockholders for the year is now between $1.86 and $1.94 per diluted share, and the normalized FFO guidance has been raised to a range of $5.06 to $5.14 per diluted share.
linkJul 28, 2025 16:10:54
Welltower Reports Strong Q1 2025 Financial Results and Dividend
Welltower Inc. announced its financial results for the first quarter of 2025, reporting a net income of $0.40 per diluted share and normalized funds from operations of $1.20 per diluted share, marking an 18.8% increase from the previous year. The company also experienced significant growth in its Seniors Housing Operating portfolio, with same store net operating income growth of 21.7% and revenue growth of 9.6%. Welltower completed $2.8 billion in investments during the quarter, including acquisitions and development funding, and improved its net debt to adjusted EBITDA ratio to 3.33x from 4.03x year-over-year, highlighting a strengthened balance sheet.
In addition, Welltower declared a cash dividend of $0.67 per share for the first quarter, continuing its trend of consecutive quarterly dividends. The company received credit rating upgrades from both S&P Global Ratings and Moody's, reflecting improved financial metrics and operational performance. Welltower's liquidity position remains robust, with approximately $8.6 billion available, including cash and credit line capacity. The company has also revised its net income guidance for 2025 upward, indicating a positive outlook for its financial performance.
linkApr 28, 2025 16:07:22
Welltower Reports $1.13 Normalized FFO Per Share Growth
Welltower Inc. reported a net income of $0.19 per diluted share for the fourth quarter of 2024, with a significant increase in normalized funds from operations (FFO) to $1.13 per diluted share, marking a 17.7% rise compared to the previous year. The company achieved a 12.8% growth in same store net operating income (SSNOI) across its total portfolio, driven by a notable 23.9% increase in the Seniors Housing Operating (SHO) segment. Additionally, Welltower completed $2.4 billion in pro rata gross investments during the quarter and maintained a strong liquidity position with approximately $8.7 billion available as of year-end 2024. The Board also approved a 10% increase in the quarterly dividend, reflecting confidence in the company's financial performance and growth prospects.
Conversely, the company faced challenges in managing its debt levels, although it did see improvements in its debt metrics. The net debt to consolidated enterprise value decreased from 20.9% to 12.9% year-over-year, and net debt to Adjusted EBITDA improved from 5.03x to 3.49x. Despite these positive trends, the company continues to navigate a competitive market and has made significant transitions in its property management structure, which may impact future operational performance. The ongoing economic environment and its effects on the seniors housing sector remain critical for Welltower's strategic positioning.
linkFeb 11, 2025 16:08:33
Welltower Promotes Leadership Team Amidst $11 Billion Investments
Welltower Inc. has announced several promotions within its executive and senior leadership team, emphasizing the contributions of the promoted individuals to the company's transformation over the past decade. CEO Shankh Mitra highlighted the leadership qualities of the team members, noting their commitment to long-term growth and the enhancement of customer and employee experiences through modernization efforts. Key appointments include John Burkart as Vice Chairman & COO, Nikhil Chaudhri as Co-President & CIO overseeing $11 billion in capital deployment, and Tim McHugh as Co-President & CFO, recognized for strengthening the company's balance sheet and liquidity metrics.
On the downside, while the promotions reflect a solid internal leadership structure, the press release also acknowledges the challenges faced by the company, including the need to adapt to evolving market conditions and the demographic shifts affecting the real estate sector. The CEO pointed out the importance of continuously optimizing growth and evaluating new business opportunities, indicating that despite the current successes, there is no room for complacency. The company faces risks related to the health care industry, regulatory changes, and market competition, which could impact its future performance.
linkJan 02, 2025 09:04:55
Welltower Reports Strong Q3 2024 Financial Results
Welltower Inc. announced impressive financial results for the third quarter of 2024, showcasing a net income of $0.73 per diluted share and a significant increase in normalized funds from operations, which rose by 20.7% to $1.11 per diluted share compared to the previous year. The company achieved a remarkable 12.6% growth in same store net operating income, with the Seniors Housing Operating portfolio contributing a notable 23.0% increase. Additionally, Welltower's liquidity position improved, with approximately $8.8 billion available, and the Board approved a 10% increase in the quarterly dividend, reflecting strong cash flow growth and confidence in future prospects.
On the investment front, Welltower completed $2.4 billion in gross investments during the quarter, including significant acquisitions and development projects. The company transitioned several properties to a new operating structure, aiming to enhance cash flow participation. However, while the overall financial performance appears strong, the press release did not address potential challenges or risks, which could be important for investors to consider. Overall, Welltower's results indicate a robust operational performance and a strategic focus on growth in the healthcare real estate sector.
linkOct 28, 2024 16:09:16
Welltower Reports Strong Q2 2024 Financial Results
Welltower Inc. announced positive Q2 2024 results, with a 16.7% increase in normalized funds from operations and a 10% dividend increase. The company's net income was $0.42 per share, and same-store revenue grew by 11.3%. They made significant investments totaling $1.7 billion and improved their balance sheet, leading to a positive credit rating outlook. However, they also face challenges in completing transitions of properties to new operators.
linkJul 29, 2024 16:45:37
Welltower Closes $1.035 Billion Exchangeable Senior Notes Offering
Welltower Inc. has successfully closed an offering of $1.035 billion exchangeable senior notes due 2029. The notes will pay interest semi-annually and are exchangeable under certain conditions. Welltower OP may redeem the notes from July 20, 2027, onwards. Proceeds will be used for general corporate purposes, including debt repayment and investments in health care properties. The notes have not been registered and were offered only to qualified institutional buyers.
linkJul 11, 2024 16:06:05
Welltower Inc. Reports Positive Q1 2024 Results and Future Investments
Welltower Inc. (NYSE:WELL) announced a 18.8% increase in normalized funds from operations, strong growth in Seniors Housing Operating portfolio, improved liquidity, and completion of $449 million in investments. The company closed $2.8 billion in acquisitions and loan funding post-quarter. Notable future investments include acquiring age-restricted communities for $969 million and dissolving Revera joint venture. Welltower received environmental awards and declared a cash dividend. The company revised its net income and FFO guidance upwards for 2024, focusing on growth in NOI and strategic investments while maintaining financial stability.
linkApr 29, 2024 16:26:49