Welltower Inc. (WELL) CEO Shankh Mitra on Q2 2021 Results – Earnings Call Transcript

Friday, 30 July 2021, 22:06:18
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Welltower declares $0.61 dividend

Friday, 30 July 2021, 09:22:54
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Welltower Q2 earnings beat estimates as occupancy rates continue to rise

Thursday, 29 July 2021, 22:57:54
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Welltower Reports Second Quarter 2021 Results

Thursday, 29 July 2021, 22:05:00
TOLEDO, Ohio , July 29, 2021 /PRNewswire/ — Welltower Inc. (NYSE: WELL ) today announced results for the quarter ended June 30, 2021 . Recent Highlights Reported net income attributable to common stockholders of $0.06 per diluted share Reported normalized FFO attributable to common stockholders of $0.79 per diluted share Seniors Housing Operating (“SHO”) portfolio occupancy increased approximately 190 basis points (“bps”) during the second quarter, exceeding our guidance of an approximate gain of 130 bps Completed $1.5 billion of pro rata gross investments during the second quarter Announced the acquisition of an 86 property seniors housing portfolio operated by Holiday Retirement for $1.58 billion . The transaction is expected to be immediately accretive to normalized funds from operations per diluted share following its anticipated closing in the third quarter Closed on a new $4.7 billion unsecured credit facility which includes a five bps improvement in pricing from the previous facility Sold 20.1 million shares of common stock under our ATM program via forward sale agreements since April 1, 2021 which are expected to generate $1.6 billion of gross proceeds and issued $500 million of 2.050% senior unsecured notes due January 2029 Earned the 2021 ENERGY STAR ® Partner of the Year Award for the third consecutive year and further elevated to the level of Sustained Excellence, the Environmental Protection Agency”s highest recognition within the ENERGY STAR ® program COVID-19 Update SHO Portfolio Virtually all of our communities are currently accepting new residents, resulting in an increase in move-in activity and occupancy rates in the most recent months.
— Benzinga

Welltower and Aspect Health Form Strategic Joint Venture to Elevate and Lead Innovation in Healthcare Real Estate Strategies

Thursday, 29 July 2021, 22:05:00
TOLEDO, Ohio , July 29, 2021 /PRNewswire/ — Welltower ® Inc. (NYSE: WELL ) today announced the formation of a new strategic joint venture with Aspect Health , a fully-integrated real estate developer, concierge property manager, investor, and advisor focused on leading innovation in healthcare strategy and real estate development. The partnership will bring together Aspect Health”s deep expertise in design and development while leveraging Welltower”s data analytics platform to deliver the next generation of healthcare facilities that elevate the patient and physician experience. The joint venture partnership includes an investment in Aspect Health”s existing portfolio of six properties and a medical office building under construction which are located in high barrier to entry markets in the New York City metropolitan area. Additionally, the companies have agreed to a ten-year exclusivity agreement on future development opportunities. The existing portfolio consists of multi-tenanted Class A medical office buildings, including ambulatory surgery centers, predominantly ground-up developed by Aspect Health.
— Benzinga