WELLTOWER INC. Quarterly Report for Q2 Ended Jun 30, 2015

Summary

Health Care REIT, Inc. (WELL) reported its financial results for the quarter and six months ended June 30, 2015. The company demonstrated significant growth in revenues across its segments, driven by strategic acquisitions and development activities. Total revenues for the six months increased by 13.7% year-over-year, reaching $1.85 billion, with rental income and resident fees and services forming the bulk of this revenue. Net income attributable to common stockholders saw a substantial increase of 313%, reaching $503.4 million for the six-month period. This growth was supported by strong operational performance, particularly in the Triple-net and Seniors Housing Operating segments, and a well-managed capital structure.

Key Highlights

• 1Total revenues for the six months ended June 30, 2015, increased to $1.85 billion, up 13.7% from $1.63 billion in the prior year period.
• 2Net income attributable to common stockholders surged by 313% to $503.4 million for the six months ended June 30, 2015, compared to $121.9 million in the prior year period.
• 3The company's Triple-net segment showed robust growth with a 16% increase in Net Operating Income (NOI) to $582.1 million for the six months.
• 4Seniors Housing Operating segment revenue increased by 11.9% to $1.03 billion for the six months, with NOI growing by 9.2% to $335.3 million.
• 5The company completed significant capital raises in early 2015, including a $1.48 billion common stock issuance and a $750 million senior unsecured note offering, enhancing its liquidity and financial flexibility.
• 6Investments for the six months totaled $2.17 billion in acquisitions and joint ventures across the Triple-net, Seniors Housing Operating, and Outpatient Medical segments.
• 7The company increased its quarterly common dividend to $0.825 per share, marking the 177th consecutive quarterly dividend payment.

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