TOLEDO, Ohio, Oct. 28, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at:

https://welltower.com/business-update-October2024

About Welltower

Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.

TOLEDO, Ohio, Oct. 28, 2024 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) today announced results for the quarter ended September 30, 2024.

Recent Highlights

Reported net income attributable to common stockholders of $0.73 per diluted shareReported quarterly normalized funds from operations attributable to common stockholders of $1.11 per diluted share, an increase of 20.7% over the prior yearReported total portfolio year-over-year same store NOI ("SSNOI") growth of 12.6%, driven by SSNOI growth in our Seniors Housing Operating ("SHO") portfolio of 23.0%SHO portfolio year-over-year same store revenue increased 8.9% in the third quarter, driven by 310 basis points ("bps") of year-over-year average occupancy growth and Revenue Per Occupied Room ("RevPOR") growth of 4.9%SHO portfolio year-over-year SSNOI margin expanded by 300 bps in the third quarter driven primarily by strong RevPOR growth, which continued to meaningfully outpace Expense per Occupied Room ("ExpPOR") growthDuring the third quarter, we completed $2.4 billion of pro rata gross investments, including $2.2 billion in acquisitions and loan funding and $203 million in development fundingSince the beginning of the year, we have closed or have definitive agreements to close $6.1 billion in pro rata acquisitions and loan fundingImproved net debt to Adjusted EBITDA to 3.73x at September 30, 2024 from 5.14x at September 30, 2023As of September 30, 2024, we had approximately $8.8 billion of available liquidity inclusive of $3.8 billion of available cash and restricted cash and full capacity under our $5.0 billion line of creditAs previously announced, the Board of Directors approved a 10% increase in the quarterly dividend per share, reflecting our solid financial performance, low payout ratio owing to outsized levels of cash flow growth and the Board's confidence in the Company's strong growth prospects going forward

TOLEDO, Ohio, Oct. 7, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) today announced it will release third quarter 2024 financial results after the close of trading on the New York Stock Exchange on Monday, October 28, 2024. The Company will host a conference call and webcast on Tuesday, October 29, 2024, at 9:00 a.m. ET to discuss these results. The Company's earnings release will be available in the Investors section of the Company's website.

TOLEDO, Ohio, Sept. 9, 2024 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) announced today that Chief Executive Officer, Shankh Mitra, will participate in a live panel at the Bank of America Securities 2024 Global Real Estate Conference. The panel will be held from 2:15 p.m. – 2:50 p.m. ET on Tuesday, September 10, 2024 at the Bank of America Tower in New York City.

A link to the webcast can be found here:https://bofa.veracast.com/webcasts/bofa/realestate2024/idYE47X0.cfm

TOLEDO, Ohio, July 29, 2024 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) announced today the appointment of Andrew Gundlach to its Board of Directors. Mr. Gundlach, 53, is the President and Co-CEO of Bleichroeder LP, a registered investment advisor serving ultra-high-net-worth families. He has extensive experience in both public and private markets, with a particular expertise in corporate strategy and capital markets.

TOLEDO, Ohio, July 29, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) (the "Company" or "Welltower") today announced that it has closed on an amended $5.0 billion senior unsecured revolving line of credit ("Revolving Facility"). Through the Amendment, the Company will bolster its already strong liquidity position and extend its well-staggered debt maturity profile, while also achieving improved pricing. The closing of the Revolving Facility follows recent revisions to the Company's credit rating outlook to positive from stable by both S&P Global and Moody's, both of which cited strong seniors housing industry tailwinds and a materially improved balance sheet.

TOLEDO, Ohio, July 29, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at:https://welltower.com/july2024-business-update

About Welltower

Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.

TOLEDO, Ohio, July 29, 2024 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) today announced results for the quarter ended June 30, 2024.

Recent Highlights

Reported net income attributable to common stockholders of $0.42 per diluted shareReported quarterly normalized funds from operations attributable to common stockholders of $1.05 per diluted share, an increase of 16.7% over the prior year or 19.3% exclusive of government subsidiesReported total portfolio year-over-year same store NOI ("SSNOI") growth of 11.3%, driven by SSNOI growth in our Seniors Housing Operating ("SHO") portfolio of 21.7%During the second quarter, we completed $1.7 billion of pro rata gross investments, including $1.4 billion in acquisitions and loan funding and $251 million in development fundingSince the beginning of the year, we have closed or have definitive agreements to close $4.9 billion in pro rata acquisitions and loan fundingDuring the quarter, converted or reached agreements to convert 47 triple-net leased properties to SHO (RIDEA) structures, allowing us to directly participate in the underlying cash flow growth of the communitiesReported further balance sheet strengthening as of June 30, 2024 with net debt to Adjusted EBITDA of 3.68x and approximately $6.9 billion of available liquidity inclusive of $2.9 billion of available cash and restricted cash and full capacity under our $4.0 billion line of creditCredit rating outlook revised to positive from stable by each of S&P Global and Moody's, citing strong seniors housing industry tailwinds and a materially improved balance sheetIn July, closed on a new expanded $5.0 billion senior unsecured revolving credit facility, which incorporates a maturity extension to 2029 and a 7.5bps improvement in pricing from the previous $4.0 billion facilityBoard of Directors announced a 10% increase in the quarterly dividend per share, reflecting our solid financial performance, low payout ratio owing to outsized levels of cash flow growth and the Board's confidence in the Company's strong growth prospects going forwardAnnounced the appointment of Andrew Gundlach to the Board of Directors

TOLEDO, Ohio, July 12, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) today announced it will release second quarter 2024 financial results after the close of trading on the New York Stock Exchange on Monday, July 29, 2024. The Company will host a conference call and webcast on Tuesday, July 30, 2024, at 9:00 a.m. ET to discuss these results. The Company's earnings release will be available in the Investors section of the Company's website.

TOLEDO, Ohio, July 11, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) ("Welltower" or the "Company") announced today that its operating company, Welltower OP LLC ("Welltower OP"), has closed the previously announced offering (the "Offering") of $1.035 billion aggregate principal amount of 3.125% exchangeable senior notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").  The aggregate principal amount of notes issued reflects the exercise in full of the initial purchasers' option to purchase additional notes.