Welltower

Welltower® delivers the health care infrastructure necessary to facilitate better treatment at lower costs and keep patients out of the hospital. Our business is centered on a relationship-based investing platform. We provide real estate capital to leading seniors housing operators, post-acute care providers and health systems. Through our capital, these companies are able to grow, innovate and ultimately provide better care.

https://welltower.com/about-us/  

Welltower Inc. (WELL) CEO Tom DeRosa Presents at Citi 2019 Global Property CEO Conference Call (Transcript)

https://seekingalpha.com/article/...obal-property-ceo-conference-call

Welltower is a $30-ish billion equity market cap publicly traded REIT that invest primarily in seniors housing, post acute care facilities and medical office buildings. We currently own 1,334 premier senior housing and long-term post acute assets across the U.S., UK and Canada, as well as 20 month 1 million square feet of self-managed medical office space in the U.S.

Before getting to the three reasons I just -- why investors should buy Welltower now. I wanted to highlight a few key things about our organization since we were last here in March of 2018; we delivered 15.3% total return to shareholders, outperforming all peers for the year; we completed over $4 billion of gross investment activity at a 7% yield, while selling nearly 2 billion of non-core assets, further improving the quality of our portfolio and cash flow; we leverage relationships with next-generation operators like Conseil to realign legacy relationships like Brookdale, enhancing the quality of our cash flow while positioning the Welltower platform for future growth; we experienced year-over-year occupancy gains during the fourth quarter for the first time since 2015, and we're encouraged by the general stabilization in seniors housing fundamentals seen during the second half of '18.

 

Is Welltower a Buy?

https://www.fool.com/investing/2019/04/08/is-welltower-a-buy.aspx

The portfolio has undergone a bit of a strategic shift over the past few years, adding significantly to its concentration of senior housing and outpatient medical facilities. In all, 63% of Welltower's income comes from senior housing and 27% comes from outpatient medical and health-system properties. In addition, 95% of the portfolio is private pay, which generally translates to more stable revenue than government-dependent payments such as Medicare and Medicaid.

 

Welltower Reports First Quarter 2019 Results

https://www.bloomberg.com/press-releases/...irst-quarter-2019-results

Quarterly Highlights

  o Reported net income attributable to common stockholders of $0.71 per
    diluted share and normalized FFO attributable to common stockholders of
    $1.02 per diluted share compared to $0.99 per diluted share in 2018,
    representing 3% normalized FFO growth
  o Total portfolio SSNOI grew 3.1%, driven by Seniors Housing Operating SSNOI
    growth of 3.0%
  o Completed $259 million of pro rata acquisitions in high quality real
    estate with an additional $519 million in pro rata acquisitions subsequent
    to quarter end for a total blended yield of 5.9% across eight separate
    transactions
  o Improved net debt to Adjusted EBITDA to 5.47x at March 31, 2019 from 5.84x
    at December 31, 2018
  o Generated $538 million of gross proceeds from common stock issuances at an
    average price of $74.69 per share

...

On March 31, 2019, we had $249 million of cash and cash
equivalents and $2.6 billion of available borrowing capacity under the
unsecured revolving credit facility. During the first quarter, we generated
approximately $538 million under our dividend reinvestment program and equity
shelf program at an average price of $74.69 per share.

...

The Board of Directors declared a cash dividend for the quarter ended
March 31, 2019 of $0.87 per share. On May 28, 2019, we will pay our 192^nd
consecutive quarterly cash dividend to stockholders of record on May 14, 2019.

 

Welltower, Inc. (WELL) CEO Thomas DeRosa on Q1 2019 Results - Earnings Call Transcript

https://seekingalpha.com/article/...-results-earnings-call-transcript

 

Welltower Inc. 2019 Q1 - Results - Earnings Call Slides

https://seekingalpha.com/article/...9-q1-results-earnings-call-slides

 

Welltower Reports Second Quarter 2019 Results

https://www.ariva.de/news/...orts-second-quarter-2019-results-7741417

Quarterly Highlights

   - Reported net income attributable to common stockholders of $0.34 per diluted share and normalized FFO attributable to common stockholders of $1.05 per diluted share compared to $1.00 per diluted share in 2018, representing 5% normalized FFO growth
   - Grew total portfolio SSNOI by 3.1%, driven by consistent performance across all property types
   - Completed $2.4 billion of pro rata acquisitions across eight separate transactions at a blended yield of 5.4% and $152 million in development funding with an expected stabilized yield of 7.2%
   - Completed the sale of the Benchmark Senior Living portfolio for a $1.8 billion gross sale price subsequent to quarter end
   - Issued seventh annual Corporate Social Responsibility Report and also named a 2019 Energy Star Partner of the Year by the U.S. Environmental Protection Agency

 

Welltower (WELL) CEO, Tom DeRosa on Q2 2019 Results - Earnings Call Transcript

https://seekingalpha.com/article/...-results-earnings-call-transcript

 

hat heute zugeschlagen und ein Allzeithoch von 77,80€ gebildet. Zudem wird in diesem Monat die 4. Quartalsdiv. gezahlt. Die Aktie  ändert ihre Dividendenhöhe nicht, dafür geht der Kurs der Aktie aufwärts.  

Kommt die Aktie nochmal zurück, oder ist das einen rezessionsangstunabhängiges Papier? Lohnt sich der Einstieg bei der Einseitigkeit in der Entwicklung überhaupt noch?  

Welltower Reports Third Quarter 2019 Results

https://www.ariva.de/news/...ports-third-quarter-2019-results-7932775

    - Reported net income attributable to common stockholders of $1.45 per diluted share and normalized FFO attributable to common stockholders of $1.05 per diluted share
    - Revised full year net income attributable to common stockholders guidance to a range of $3.06 to $3.10 per diluted share from the previous range of $3.33 to $3.43 per diluted share and increased the midpoint of the guidance range of full year normalized FFO attributable to common stockholders to $4.14 to $4.18 per diluted share as compared to prior guidance of $4.10 to $4.20 per diluted share
    - Grew total portfolio same store NOI by 2.6%, driven by consistent performance across all property types
    - Improved net debt to Adjusted EBITDA to 5.79x at September 30, 2019 from 6.33x at June 30, 2019
    - Announced a strategic collaboration with CareMore Health to improve care, enhance outcomes and to lower the cost of care for senior populations, with the goal of reducing hospitalizations and increasing length of stay in select Welltower communities
    - Named to the Dow Jones Sustainability World Index for the second consecutive year and to the Dow Jones Sustainability North America Index for the fourth consecutive year

 

Welltower Inc (WELL) Q3 2019 Earnings Call Transcript

https://www.fool.com/earnings/call-transcripts/...call-transcrip.aspx  

Welltower Reports Fourth Quarter 2019 Results

https://www.ariva.de/news/...orts-fourth-quarter-2019-results-8171479

Fourth Quarter Highlights

- Reported net income attributable to common stockholders of $0.55 per diluted share compared to $0.27 per diluted share in 2018
- Reported normalized FFO attributable to common stockholders of $1.05 per diluted share, compared to $1.01 per diluted share in 2018, representing 4% normalized FFO growth
- Grew total portfolio same store NOI by 2.2%, driven by consistent performance across all property types
- Achieved same store REVPOR growth rate of 3.5% within the Seniors Housing Operating segment, led by the U.K. and U.S. portfolios
- Completed over $1.4 billion of pro rata gross investments comprised of $1.1 billion of high-quality acquisitions at a blended year one yield of 5.3% and expected stabilized yield of 5.6%. Additionally, completed $308 million of development funding with an expected stabilized yield of 7.9%
- Successfully closed our first green bond offering of $500 million of 2.7% senior unsecured notes due 2027, with proceeds to be used to fund renewable energy, water conservation, energy efficiency and green building projects

Full Year 2019 Highlights

- Reported net income attributable to common stockholders of $3.05 per diluted share compared to $2.02 per diluted share in 2018
- Reported normalized FFO attributable to common stockholders of $4.16 per diluted share, compared to $4.03 per diluted share in 2018, representing 3% normalized FFO growth

- Completed $4.8 billion of pro rata gross investments, including $4.1 billion in acquisitions at a blended year one 5.4% yield and expected stabilized yield of 6.0%. Additionally, we completed $682 million in development funding with a 7.8% expected stabilized yield, property dispositions of $2.7 billion at a blended yield of 6.3% and loan payoffs of $192 million at an average yield of 8.7%
-- Completed $2.4 billion in pro rata gross outpatient medical investments at a 5.6% yield and $155 million in development funding with a 6.4% yield
-- Initiated new relationships with Related/Atria, Balfour Senior Living, Clover Management, Frontier Management and LCB Senior Living
- Grew total portfolio average same store NOI by 2.8%, driven by our best-in-class seniors housing portfolio
- Experienced a capstone year for ESG initiatives with the following significant announcements:
-- Named to top quintile of Newsweek's inaugural America's Most Responsible Companies 2020 list
-- Named to 2019 Dow Jones Sustainability World Index for second consecutive year
-- Received GRESB Green Star for sustainability performance for fifth consecutive year

 

Welltower Inc. (WELL) CEO Tom DeRosa on Q4 2019 Results - Earnings Call Transcript

https://seekingalpha.com/article/...-results-earnings-call-transcript

 

Welltower says two residents test positive for Covid-19

https://seekingalpha.com/news/...eed_news_all&utm_medium=referral

As of March 16, Welltower (WELL -1%) has two residents with reported positive tests for Covid-19 in the U.S., it said in a statement from Chairman and CEO Thomas J. DeRosa.

...

Elevated protocols put in place to help mitigate the spread of the virus among Welltower's residents may lead to slower new resident flow in the short term; however, the REIT has seen "a commensurate decline in voluntary move outs and higher lead-to-closing ratios."

 

A Message from Thomas J. DeRosa, Chairman and CEO of Welltower®

https://www.bloomberg.com/press-releases/...rman-and-ceo-of-welltower

 

Welltower Issues Business Update

https://www.bloomberg.com/press-releases/...er-issues-business-update

 

Welltower Issues Business Update

https://www.bloomberg.com/press-releases/...er-issues-business-update

Since our last update on April 1, 2020, occupancy within our Seniors Housing
Operating (SHO) portfolio has declined further as move-in criteria and
screening have intensified in states more heavily impacted by COVID-19
including New York, New Jersey, Massachusetts and Washington. Between March
27, 2020 through April 3, 2020, occupancy within our total SHO portfolio fell
0.6% from 85.4% to 84.8%.  Subsequently, the portfolio experienced an
additional 0.6% decline to 84.2% through April 10, 2020.  We anticipate
further occupancy losses going forward as the number of communities with
comprehensive move-in restrictions will likely expand to additional markets.

During the first quarter of 2020, SHO portfolio operating expenses had trended
slightly below expectations through February.  However, the portfolio incurred
approximately $7 million of unanticipated property level expenses associated
with the COVID-19 pandemic in March 2020, driven by higher labor costs coupled
with expenditures related to procurement of personal protective equipment and
other supplies. While the anticipated decline in future SHO portfolio
occupancy may result in some commensurate variable cost savings, we expect
total SHO portfolio expenses during the pandemic to rise by approximately 5%
relative to our original budget.

...

Welltower maintains a strong balance sheet with approximately $3.5 billion of
near-term available liquidity and no material unsecured debt maturities until
2023.

 

Welltower Reports First Quarter 2020 Results

https://www.ariva.de/news/...ports-first-quarter-2020-results-8404885

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

 

Welltower Inc. (WELL) CEO Tom DeRosa on Q1 2020 Results - Earnings Call Transcript

https://seekingalpha.com/article/...-results-earnings-call-transcript

 

BUSINESS UPDATE June 2020

https://welltower.com/wp-content/uploads/2020/06/...UNE2020-FINAL.pdf

 

Welltower Reports Second Quarter 2020 Results

https://www.bloomberg.com/press-releases/...cond-quarter-2020-results

Recent Highlights

  o Reported net income attributable to common stockholders of $0.42 per
    diluted share
  o Reported normalized FFO attributable to common stockholders of $0.86 per
    diluted share
  o Completed $949 million of pro rata Seniors Housing Operating and
    Outpatient Medical dispositions at a blended yield of 5.7%
  o As of July 31, 2020 enhanced near-term liquidity profile to $4.3 billion
    including $1.3 billion of cash and cash equivalents
  o Appointed Diana Reid, an accomplished commercial banking and real estate
    executive, having served most recently as Executive Vice President of PNC
    Financial Services Group, to the Board of Directors
  o Issued eighth annual Corporate Sustainability Report and also named a
    Green Lease Leader by the U.S. Department of Energy Better Buildings
    Alliance

 

BMO Real Assets Conference
September 2020
https://welltower.com/wp-content/uploads/2020/09/...NALFINALFINAL.pdf  

Wie siehts du die weitere Entwicklung von Welltower?  

Mit Spekulationen halte ich mich lieber immer zurück, da ich auch nicht so der Finanzjongleur bin.
Ich hoffe allerdings das Welltower sich irgendwann wieder berappelt, die Leute werden ja weiterhin älter.

Nachkäufe oder verkäufe hab ich keine getätigt bei Welltower, ich versuchs erstmal auszusitzen, bei besseren Kursen würde ich aber bissi reduzieren (EK ist bei 69, in den Preissegment würd i bissi verkaufen), war schon vorher bissi übergewichtet im Depot.

Divi kommt noch rein, zumindest bissl was worüber man sich freuen kann.

Wäre ich nicht drin hät ich mir sogar vielleicht zu den jetzigen Kursen ne kleine Posi aufgebaut.