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Sep 30, 2020
Welltower Q3 2020 Earnings Report
Welltower reported results for the quarter ended September 30, 2020.
Key Takeaways
Welltower reported a net income of $0.77 per diluted share and normalized FFO of $0.84 per diluted share. The company completed $1.4 billion in pro rata dispositions and reported a net debt to Adjusted EBITDA of 6.02x. They also enhanced their near-term liquidity profile to $5.2 billion.
Reported net income attributable to common stockholders of $0.77 per diluted share
Reported normalized FFO attributable to common stockholders of $0.84 per diluted share
Completed $1.4 billion of pro rata dispositions at a blended yield of 5.3%
Reported net debt to Adjusted EBITDA of 6.02x as of September 30, 2020 and enhanced near-term liquidity profile to $5.2 billion, including $2.2 billion of cash and cash equivalents as of October 26, 2020
Revenue by Segment
Forward Guidance
Total SHO portfolio occupancy is expected to decline 75 to 125 basis points in the fourth quarter relative to September 30, 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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