Welltower (WELL) Surpasses Q1 FFO Estimates, Slashes Dividend
Thursday, 7 May 2020, 14:43:00
High expenses at Welltower’s (WELL) seniors housing operating portfolio impact its Q1 performance.
— Zacks Investment Research
Welltower Reports First Quarter 2020 Results
Wednesday, 6 May 2020, 20:05:00
TOLEDO, Ohio , May 6, 2020 /PRNewswire/ — Welltower Inc. (NYSE: WELL ) today announced results for the quarter ended March 31, 2020. Recent Highlights Reported net income attributable to common stockholders of $0.75 per diluted share Reported normalized FFO attributable to common stockholders of $1.02 per diluted share Completed pro rata dispositions of $717 million at a blended yield of 5.4% Improved net debt to Adjusted EBITDA to 5.93x at March 31, 2020 from 6.37x at December 31, 2019 Reduced May 2020 dividend to 70% of pre COVID-19 levels, or $0.61 per share Enhanced near-term liquidity profile to $3.5 billion through settlement of forward sale agreements resulting in $588 million of gross proceeds on March 30, 2020 and closing on a $1 billion term loan on April 1, 2020 “The COVID-19 pandemic is having an overwhelming global impact with at-risk populations, including frail seniors, who are disproportionately affected,” stated Thomas J. DeRosa , Chairman and CEO. “As we have described in our business updates, Welltower began to see the direct impact of COVID-19 across our platform starting in March of this year, but most notably in our seniors housing operating portfolio.
— Benzinga
Welltower Withdraws 2020 Guidance Amid Coronavirus Crisis
Monday, 20 April 2020, 07:49:00
Welltower (WELL) updates on operating and financial position amid the coronavirus crisis.
— Zacks Investment Research
Welltower Issues Update, Boosts Liquidity on Coronavirus Scare
Friday, 3 April 2020, 08:36:00
Welltower’s (WELL) measures to improve its liquidity profile and strengthen balance sheet will likely give it an edge to address the uncertain impact of the coronavirus pandemic.
— Zacks Investment Research
Welltower Issues Business Update
Wednesday, 1 April 2020, 22:06:00
TOLEDO, Ohio , April 1, 2020 /PRNewswire/ — (NYSE: WELL ) Welltower® Inc. today issued the following statement regarding the ongoing COVID-19 pandemic: “During these extraordinary times, we remain inspired by the resolve and fortitude of all individuals who are on the front lines in combating the impact of the COVID-19 pandemic. This includes the thousands of health care professionals, caregivers, and staff in Welltower facilities, who are working tirelessly to promote the safety and well-being of their residents and patients,” commented Thomas J. DeRosa , Chairman and CEO. “One of Welltower’s primary responsibilities during this time is to offer its full support to our operating partners. As such, our team continues to utilize its relationships across the health care sector to help address some of the most critical challenges they face,” he added. Operator Support In an effort to address pressures from the nationwide shortage of supplies and testing kits, Welltower has established a distribution center in Dallas to receive bulk orders from existing suppliers and group purchasing organizations, along with new supply chains.
— Benzinga
