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Mar 31, 2020
Welltower Q1 2020 Earnings Report
Welltower's financial performance was impacted by the emerging COVID-19 pandemic and the company took steps to support operators and tenants, and to strengthen its balance sheet.
Key Takeaways
Welltower Inc. reported first-quarter results, which were impacted by the emerging COVID-19 pandemic, particularly in the seniors housing operating portfolio. The company took steps to support its operators and tenants and to strengthen its balance sheet amidst the challenges.
Net income attributable to common stockholders was $0.75 per diluted share.
Normalized FFO attributable to common stockholders was $1.02 per diluted share.
Pro rata dispositions of $717 million were completed at a blended yield of 5.4%.
Net debt to Adjusted EBITDA improved to 5.93x at March 31, 2020, from 6.37x at December 31, 2019.
Revenue by Segment
Forward Guidance
Due to the unanticipated impact of COVID-19 on Seniors Housing Operating (SHO) portfolio fundamentals and recent revisions to investment outlook and capital plans, Welltower withdrew all components related to full year 2020 guidance on April 17, 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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