Welltower Inc

WELL

Equity

ISIN US95040Q1040 / Valor 29816226

New York Stock Exchange, Inc (2024-12-24)

USD 126.59+0.77%

Welltower Inc
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About company

Welltower Inc. is a prominent real estate investment trust (REIT) specializing in the healthcare sector. The company focuses on providing the necessary infrastructure to support more efficient and cost-effective healthcare delivery, with a particular emphasis on reducing hospital admissions. Welltower operates by offering real estate capital to a variety of partners, including senior housing operators, post-acute care providers, and health systems, enabling these entities to expand and improve their services. The company's investment strategy is built around fostering strong relationships with leading healthcare providers, thereby ensuring access to high-quality healthcare real estate. Welltower has a long history, spanning over four decades, of investments in healthcare, and it was among the pioneers in recognizing the potential of the senior housing market. This market segment includes a range of living options such as independent living, assisted living, and memory care communities, which are designed to support the elderly in maintaining their independence, mobility, and cognitive engagement through various services and activities. Welltower's commitment to investing in premier healthcare facilities and its extensive network of relationships within the healthcare industry have positioned it as a key player in the healthcare real estate investment field.

Summarized from source with an LLMView SourceSector: Finance

Net Income and FFO

Welltower Inc. reported net income attributable to common stockholders of $0.73 per diluted share for the third quarter of 2024. Additionally, the company announced quarterly normalized funds from operations (FFO) attributable to common stockholders of $1.11 per diluted share, marking a 20.7% increase over the prior year.

Same Store NOI Growth

For the third quarter of 2024, Welltower Inc. experienced a year-over-year same store net operating income (SSNOI) growth of 12.6%. This growth was primarily driven by a significant 23.0% increase in the Seniors Housing Operating (SHO) portfolio.

Revenue and Occupancy

Welltower Inc.'s SHO portfolio saw a year-over-year same store revenue increase of 8.9% in the third quarter of 2024. This was supported by a 310 basis points increase in average occupancy and a 4.9% growth in Revenue Per Occupied Room (RevPOR).

Investment Activity

During the third quarter of 2024, Welltower Inc. completed $2.4 billion of pro rata gross investments. This included $2.2 billion in acquisitions and loan funding, along with $203 million in development funding, reflecting the company's strategic growth initiatives.

Dividend and Outlook

Welltower Inc.'s Board of Directors approved a 10% increase in the quarterly dividend per share, underscoring the company's strong financial performance and growth prospects. The revised net income guidance for 2024 is now in the range of $1.75 to $1.81 per diluted share, with normalized FFO guidance increased to a range of $4.27 to $4.33 per diluted share.

Summarized from source with an LLMView Source

Key figures

40.7%1Y

52.9%3Y

58.4%5Y

Performance

18.5%1Y

24.1%3Y

40.3%5Y

Volatility