Summary
Welltower Inc. (WELL) reported its annual results for the fiscal year ended December 31, 2016. As a leading real estate investment trust focused on healthcare infrastructure, the company continues to drive transformation in the sector by investing in seniors housing, post-acute care, and outpatient medical properties. The company's strategy prioritizes protecting stockholder capital and enhancing value through consistent cash dividends and portfolio growth, investing across a diversified portfolio in the U.S., Canada, and the United Kingdom. The company demonstrated solid performance with reported net income attributable to common stockholders of $1,012,397,000, an increase from $818,344,000 in 2015. Funds From Operations (FFO) also saw a healthy increase, reflecting the company's operational efficiency and strategic acquisitions. Welltower actively managed its capital structure, raising approximately $1.2 billion through equity and debt issuances to fund new investments totaling over $3 billion in 2016, underscoring its commitment to growth and shareholder returns.
Financial Highlights
37 data points| Revenue | $4.28B |
| SG&A Expenses | $155.24M |
| Operating Expenses | $3.57B |
| Interest Expense | $521.35M |
| Net Income | $1.08B |
| EPS (Basic) | $2.83 |
| EPS (Diluted) | $2.81 |
| Shares Outstanding (Basic) | 358.27M |
| Shares Outstanding (Diluted) | 360.23M |
Key Highlights
- 1Welltower reported a net income attributable to common stockholders of $1,012,397,000 for the fiscal year ended December 31, 2016, up from $818,344,000 in 2015.
- 2Funds From Operations (FFO) attributable to common stockholders increased to $1,593,143,000 from $1,409,640,000 in the prior year.
- 3The company made significant investments in 2016, totaling $2,182,136,000 in acquisitions and joint ventures across its triple-net, seniors housing operating, and outpatient medical segments.
- 4Welltower completed property dispositions totaling $2,368,511,000 in 2016, indicating active portfolio management.
- 5The company raised approximately $1.24 billion in capital during 2016 through the issuance of common stock and senior unsecured notes.
- 6A key strategic move was the closing on a new primary unsecured credit facility in May 2016, increasing borrowing capacity and providing financial flexibility.
- 7The company's dividend payout demonstrates a commitment to shareholder returns, with a quarterly cash dividend rate increased to $0.87 per share commencing in February 2017.