Welltower Issues Business Update
https://welltower.com/april-business-update
Welltower Reports First Quarter 2021 Results
https://www.bloomberg.com/press-releases/...irst-quarter-2021-results Recent Highlights
o Reported net income attributable to common stockholders of $0.17 per diluted share o Reported normalized FFO attributable to common stockholders of $0.80 per diluted share o As of April 23, 2021, occupancy for our Seniors Housing Operating ("SHO") portfolio increased approximately 60 basis points ("bps") from the pandemic-low on March 12, 2021, led by our U.K. and U.S. portfolios with occupancy gains of 120 bps and 90 bps, respectively o Year-to-date, completed $1.3 billion of pro rata gross investments exclusive of development funding through April 27, 2021 o On April 27, 2021, we completed a £540 million ($750 million) participating senior loan advancement to affiliates of Safanad Inc. as part of its recapitalization of HC-One Group. The loan, which may be expanded by an additional £30 million, matures in 2026, and is secured by a first mortgage interest in the HC-One portfolio o Reported near-term liquidity of $4.0 billion as of April 27, 2020 o Announced substantial exit of operating relationship with Genesis Healthcare through real estate transactions totaling $880 million in value, or $144,000 per bed, generating an 8.5% unlevered IRR over full term of Genesis relationship o Named to the Bloomberg Gender-Equality Index for the third consecutive year o On April 28, 2021, the Board of Directors declared a cash dividend for the quarter ended March 31, 2021 of $0.61 per share, marking Welltower's 200th consecutive quarterly cash dividend to shareholders
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