Summary
For the nine months ended September 30, 2015, Welltower Inc. reported strong revenue growth driven by increases in rental income and resident fees and services, reflecting a robust acquisition strategy. The company demonstrated significant growth in Net Income Attributable to Common Stockholders, reaching $685.4 million, up from $258.1 million in the prior year period, and Funds from Operations (FFO) also saw a substantial increase. This financial performance was supported by strategic capital raises, including significant equity and debt issuances, which funded substantial investments in real estate acquisitions across its triple-net, seniors housing operating, and outpatient medical segments. Welltower maintained a solid financial position with substantial liquidity, evidenced by significant cash on hand and available borrowing capacity. The company continued to execute its dividend strategy, increasing its quarterly dividend, reflecting confidence in its ongoing operational performance and future growth prospects. Despite a challenging healthcare regulatory environment and FX headwinds, the company's diversified portfolio and proactive asset management strategy positions it for continued resilience and value creation for shareholders.
Financial Highlights
35 data points| Revenue | $979.00M |
| SG&A Expenses | $36.95M |
| Operating Expenses | $782.50M |
| Interest Expense | $121.13M |
| Net Income | $199.26M |
| EPS (Basic) | $0.52 |
| EPS (Diluted) | $0.52 |
| Shares Outstanding (Basic) | 351.76M |
| Shares Outstanding (Diluted) | 353.11M |
Key Highlights
- 1Revenue increased to $2.83 billion for the nine months ended September 30, 2015, up from $2.48 billion in the prior year period, driven by both rental income and resident fees.
- 2Net income attributable to common stockholders surged to $685.4 million for the nine months ended September 30, 2015, a substantial increase from $258.1 million in the comparable period of 2014.
- 3Funds From Operations (FFO) grew to $1.08 billion for the nine months ended September 30, 2015, compared to $889.6 million in the prior year.
- 4The company successfully raised approximately $2.3 billion in gross proceeds from equity issuances and $1.2 billion in net proceeds from debt issuances during the nine months ended September 30, 2015, to fund its growth.
- 5Total assets grew to $27.46 billion as of September 30, 2015, from $25.01 billion as of December 31, 2014, primarily due to real estate investments and acquisitions.
- 6Welltower increased its quarterly common stock dividend to $0.825 per share, representing an annualized rate of $3.30, an increase from the prior year.
- 7The company's portfolio continues to be diversified across triple-net, seniors housing operating, and outpatient medical segments, with strong Net Operating Income (NOI) growth.