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Welltower (WELL)

Welltower Inc., an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower®, a real estate investment trust ('REIT'), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties.

Company profile

Ticker
WELL
Exchange
CEO
Thomas Derosa
Employees
Incorporated
Location
Fiscal year end
Former names
HEALTH CARE REIT INC /DE/
SEC CIK
Subsidiaries
0722548 B.C. Ltd. • 100 Knoedler Road, LLC • 100 Trich Drive LLC • 1000 Aston Gardens Drive, LLC • 101 E 87th Ave LLC • 101052983 Saskatchewan Ltd. • 10475 Wilshire Boulevard Borrower, LLC • 10475 Wilshire Boulevard, LLC • 10600 East 13th Street North, LLC • 10700 Charter Drive LLC ...
IRS number
341096634

WELL stock data

Calendar

9 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 367.04M 367.04M 367.04M 367.04M 367.04M 367.04M
Cash burn (monthly) (no burn) 182.65M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 803.37M n/a n/a n/a n/a
Cash remaining n/a -436.33M n/a n/a n/a n/a
Runway (months of cash) n/a -2.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 Hawkins Philip L Common Stock Grant Acquire A No No 0 331 0 7,863
30 Jun 22 Dennis G Lopez Common Stock Grant Acquire A No No 0 289 0 4,019.56
31 May 22 Karen B DeSalvo Common Stock Grant Acquire A No No 0 14.14 0 8,797.14
31 May 22 Dennis G Lopez Common Stock Grant Acquire A No No 0 25.56 0 3,730.56
31 May 22 Sullivan Kathryn M Common Stock Grant Acquire A No No 0 14.14 0 8,614.14
93.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 813 786 +3.4%
Opened positions 100 119 -16.0%
Closed positions 73 71 +2.8%
Increased positions 297 288 +3.1%
Reduced positions 267 248 +7.7%
13F shares Current Prev Q Change
Total value 40.77B 36.47B +11.8%
Total shares 424.37M 425.42M -0.2%
Total puts 1.03M 1.54M -32.9%
Total calls 1.38M 1.37M +0.4%
Total put/call ratio 0.7 1.1 -33.1%
Largest owners Shares Value Change
Vanguard 71.73M $6.9B +4.2%
BLK Blackrock 46.24M $4.45B -3.0%
CNS Cohen & Steers 35.2M $3.38B +2.2%
STT State Street 30.17M $2.9B +9.2%
FMR 19.27M $1.85B +22.6%
Wellington Management 13.8M $1.33B +236.3%
TROW T. Rowe Price 9.8M $941.94M -23.5%
Geode Capital Management 9.43M $904.99M +3.1%
Resolution Capital 7.49M $719.68M +2.0%
DSECF Daiwa Securities 7.29M $700.83M -1.3%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -15.56M EXIT
Wellington Management 13.8M +9.7M +236.3%
FMR 19.27M +3.56M +22.6%
TROW T. Rowe Price 9.8M -3.02M -23.5%
Vanguard 71.73M +2.91M +4.2%
Credit Agricole S A 98.09K -2.61M -96.4%
STT State Street 30.17M +2.55M +9.2%
Cullen Capital Management 4.7K -1.63M -99.7%
BLK Blackrock 46.24M -1.41M -3.0%
IVZ Invesco 6.92M -1.38M -16.6%

Financial report summary

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Risks
  • Risks Arising from Our Business
  • There remains uncertainty regarding the implementation and impact of the CARES Act and any future stimulus or other COVID-19 relief legislation. There can be no assurance as to the amount of financial assistance we and our operators will receive or that we will be able to comply with the terms and conditions to keep such assistance.
  • Our investments in and acquisitions of health care and seniors housing properties may be unsuccessful or fail to meet our expectations
  • Acquired properties may expose us to unknown liability
  • Competition for acquisitions may result in increased prices for properties
  • We assume operational and legal risks with respect to our properties managed in RIDEA structures that could have a material adverse effect on our business, results of operations and financial condition
  • We are exposed to operational risks with respect to our Seniors Housing Operating properties that could adversely affect our revenue and operations
  • We have rights to terminate our management agreements with operators, in whole or with respect to specific properties under certain circumstances, and we may be unable to replace if our management agreements are terminated or not renewed
  • Decreases in our operators’ or tenants' revenues or increases in our operators’ or tenants' expenses, including as a result of increased labor costs, could affect their ability to make payments to us
  • A severe cold and flu season, epidemics or any other widespread illnesses could adversely affect the occupancy of our Seniors Housing Operating and Triple-net properties
  • The properties managed by Sunrise Senior Living, LLC (“Sunrise”) account for a significant portion of our revenues and net operating income and any adverse developments in its business or financial condition could adversely affect us
  • If controls imposed on certain of our tenants who provide health care services that are reimbursed by Medicare, Medicaid and other third-party payors to reduce admissions and length of stay affect inpatient volumes at our health care facilities, the financial condition or results of operations of those tenants could be adversely affected
  • Unfavorable resolution of pending and future litigation matters and disputes could have a material adverse effect on our financial condition
  • Development, redevelopment and construction risks could affect our profitability
  • We may incur costs to remediate environmental contamination at our properties, which could have an adverse effect on our or our obligors’ business or financial condition
  • Cybersecurity incidents could disrupt our business and result in the loss of confidential information and legal liability
  • Our success and the success of our operators and managers depends on key personnel whose continued service is not guaranteed
  • We are subject to covenants in our debt agreements that could have a material adverse effect on our business, results of operations and financial condition
  • Downgrades in our credit ratings could have a material adverse effect on our cost and availability of capital
  • Increases in interest rates could have a material adverse effect on our cost of capital
  • Certain subsidiaries might fail to qualify or remain qualified as a REIT
  • The lease of qualified health care properties to a taxable REIT subsidiary is subject to special requirements
  • We could be subject to changes in our tax rates, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities

Content analysis

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Positive
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Legalese
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