Welltower Issues Business Update
https://welltower.com/april-business-update
Welltower Reports First Quarter 2021 Results
https://www.bloomberg.com/press-releases/...irst-quarter-2021-results
Recent Highlights
o Reported net income attributable to common stockholders of $0.17 per
diluted share
o Reported normalized FFO attributable to common stockholders of $0.80 per
diluted share
o As of April 23, 2021, occupancy for our Seniors Housing Operating ("SHO")
portfolio increased approximately 60 basis points ("bps") from the
pandemic-low on March 12, 2021, led by our U.K. and U.S. portfolios with
occupancy gains of 120 bps and 90 bps, respectively
o Year-to-date, completed $1.3 billion of pro rata gross investments
exclusive of development funding through April 27, 2021
o On April 27, 2021, we completed a £540 million ($750 million)
participating senior loan advancement to affiliates of Safanad Inc. as
part of its recapitalization of HC-One Group. The loan, which may be
expanded by an additional £30 million, matures in 2026, and is secured by
a first mortgage interest in the HC-One portfolio
o Reported near-term liquidity of $4.0 billion as of April 27, 2020
o Announced substantial exit of operating relationship with Genesis
Healthcare through real estate transactions totaling $880 million in
value, or $144,000 per bed, generating an 8.5% unlevered IRR over full
term of Genesis relationship
o Named to the Bloomberg Gender-Equality Index for the third consecutive
year
o On April 28, 2021, the Board of Directors declared a cash dividend for the
quarter ended March 31, 2021 of $0.61 per share, marking Welltower's 200th
consecutive quarterly cash dividend to shareholders