TOLEDO, Ohio and KANSAS CITY, Mo., Jan. 29, 2025 /PRNewswire/ -- Welltower® Inc (NYSE: WELL) ("Welltower") and NorthStar Healthcare Income, Inc. ("NorthStar Healthcare"), an internally managed, public, non-listed real estate investment trust (REIT) that owns a diversified portfolio of seniors housing properties located throughout the United States, today announced that NorthStar Healthcare has entered into a definitive merger agreement to be acquired by an affiliate of Welltower, in an all cash transaction ...

Business Launch and Strategy - Welltower Inc announces the launch of its private funds management business to manage third-party capital, focusing on healthcare and wellness real estate sectors [1] - The first fund will be anchored by a wholly owned subsidiary of ADIA, committing 20% or up to $400 million, with Welltower and its management also contributing 20% of the LP capital up to $400 million [1] - The new business aims to identify and acquire seniors housing portfolios in the US, leveraging Welltower's data science platform and industry relationships [2] Market Opportunities and Acquisitions - The seniors housing sector presents attractive acquisition opportunities due to fragmented ownership and motivated sellers addressing debt maturities [3] - Welltower has deployed nearly $20 billion in capital since Q4 2020, establishing a strong network for sourcing opportunities [2] - The initial investment includes a portfolio of six seniors housing communities for $240 million, with 778 units, 92% occupancy, and 31% NOI margins [4] - Welltower is under contract to acquire NorthStar Healthcare Income Inc, comprising 40 seniors housing communities with 4,886 units, for an enterprise value of approximately $900 million [5] Strategic Benefits and Leadership - The private funds management business is expected to generate significant revenue through asset management fees and carried interest [6] - The new business will support talent retention and career growth, with management's carried interest allocated to emerging leaders [7] - Welltower's data science platform, powered by AI, will enhance the network effect and create a competitive advantage for the funds management business [7] Industry Outlook and Growth - Welltower anticipates a protracted period of compounding cash flow growth in the seniors housing sector, with expanding capital deployment opportunities [4] - The company's regional densification strategy aims to reduce employee turnover and enhance stakeholder satisfaction [7] - Welltower's leadership team and private funds management business will drive long-term compounding of per share cash flows for existing owners [8]

Shares of Welltower (WELL) have gained 18.5% in the past six months, outperforming the industry's decline of 6%.Welltower owns a well-diversified portfolio of healthcare real estate assets in the key markets of the United States, Canada and the U.K. Given an aging population and an expected rise in senior citizens’ healthcare expenditure, Welltower’s senior housing operating (SHO) segment is well-poised to benefit from this positive trend. The outpatient medical (OM) portfolio is expected to benefit from fa ...

Welltower Inc.’s (WELL) senior housing operating (SHO) portfolio is well-poised to benefit from an aging population and a rise in healthcare expenditure by senior citizens. Moreover, favorable outpatient visit trends in the outpatient medical (OM) portfolio bode well for long-term growth. However, competition in the senior housing market pose key concern.Analysts seem positive about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for its 2024 FFO per share has been revised marginally upward ...

Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!Welltower Inc. (NYSE: WELL ) is a global REIT and S&P 500 ( SPX ) company that works with the leading senior housing operators, post-acute providers, and health systems "to create real estate that fosters innovative care and wellness." ItDaniel Sereda is chief inves ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Welltower Inc. (WELL) boasts a diversified portfolio of healthcare real estate assets in the key markets of the United States, Canada and the U.K. The favorable senior housing industry, capital-recycling efforts and a healthy balance sheet are likely to continue aiding the company to ride the growth curve.Last month, this Toledo, OH-based healthcare real estate investment trust (REIT) company reported third-quarter 2024 normalized funds from operations (FFO) per share of $1.11, beating the Zacks Consensus E ...

Group 1 - Welltower Inc. reported decent Q3 results, indicating growth in its operations [1] - The growth in share price may already be priced in, suggesting potential underperformance in the upcoming years [1] Group 2 - The company is part of the REIT sector, which typically involves investments in real estate and related assets [1]

Financial Data and Key Metrics Changes - The company reported a 21% increase in FFO per share and raised its guidance by $0.13 per share, reflecting strong operational performance [7] - Quarterly revenue exceeded $2 billion for the first time in company history [8] - Year-over-year same-store NOI growth was 12.6%, with a significant increase in total portfolio NOI [48] Business Line Data and Key Metrics Changes - The senior housing operating portfolio achieved a remarkable 23% year-over-year same-store NOI growth, marking eight consecutive quarters of over 20% growth [8][21] - The outpatient medical business posted a 2.2% year-over-year same-store NOI growth, maintaining a stable occupancy rate of 94.5% [22] - The triple-net lease portfolio saw a same-store NOI increase of 5.8% year-over-year [50] Market Data and Key Metrics Changes - The company experienced a 310 basis points year-over-year increase in same-store occupancy, with a sequential occupancy gain of 120 basis points [26] - The spread between RevPOR (revenue per occupied room) and ExpPOR (expense per occupied room) remains historically wide, contributing to a 300 basis points year-over-year margin expansion [10][28] Company Strategy and Development Direction - The company is focused on deepening its market presence through bolt-on acquisitions rather than broadening its geographic footprint [17] - The rollout of a new technology platform is expected to enhance operational efficiency and improve customer experience [15][30] - The company anticipates significant growth in the senior housing sector driven by demographic trends, with 5,000 Americans turning 80 every day starting next year [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong demand for senior housing and a favorable supply outlook due to declining construction starts [11][13] - The company is well-positioned with a leverage ratio of 3.7 times and nearly $10 billion in liquidity to capitalize on investment opportunities [18] - Management emphasized the importance of focusing on long-term compounding growth rather than short-term market fluctuations [19] Other Important Information - The company completed $1.2 billion in transactions since the last quarterly update, bringing total year-to-date investment activity to over $6 billion [16] - The company’s annualized revenue exceeded $8.2 billion, reflecting a significant increase compared to pre-COVID levels [55] Q&A Session Summary Question: Can you discuss the historically wide gap between unit revenue and unit expense? - Management noted that flow-through margins are expected to improve as occupancy approaches pre-COVID levels, with current margins in the low-60s range [70][72] Question: What are the economic conditions for new construction? - Management indicated that construction costs remain high, and significant rent growth relative to labor costs is necessary for new projects to be economically viable [75][76] Question: What drives top-line growth and pricing expectations for 2025? - Management refrained from speculating on 2025 but highlighted the potential for improved occupancy and pricing based on current trends [79][80] Question: Can you elaborate on traffic trends and turnover in the portfolio? - Management reported increased traffic and improved closing ratios, indicating better execution and market share capture [83] Question: What is the status of the tech platform rollout? - Management confirmed that the initial investment is being made by the company, with expectations for improved financial results as the platform is fully implemented [95][97] Question: How is the acquisition pipeline looking? - Management stated that they are engaged in discussions with several private peers, with a focus on quality over quantity in acquisitions [99]

Welltower Inc. (WELL) reported third-quarter 2024 normalized funds from operations (FFO) per share of $1.11, which surpassed the Zacks Consensus Estimate of $1.04. The reported figure improved 20.7% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Reflecting the positive sentiments of investors, shares of the company gained around 2.2% during the afterhours of Monday's trading session. Results reflected a rise in revenues on a year-over-year basis. The total portfoli ...