TOLEDO,
Ohio, June 3, 2024 /PRNewswire/
-- Welltower Inc. (NYSE: WELL) ("Welltower" or the
"Company") announced today that it expects to increase its
quarterly common stock dividend to $0.67 per share, beginning with the second
quarter of 2024. The declaration and payment of any future dividend
remains subject to further review and approval by the Board.
"We are pleased to report that our Board of Directors has
approved the change in our dividend, reflecting the first increase
since 2017. The approved plan for a 10% increase is indicative of
Welltower's solid financial performance, low payout ratio owing to
the outsized levels of cash flow growth we have achieved, and the
Board's confidence in the Company's strong growth prospects going
forward," stated Shankh Mitra, Welltower's Chief Executive Officer.
He added, "While the strong secular tailwinds in seniors housing
continue to propel our cash flow per share higher, we are also
experiencing a once-in-a-generation capital deployment opportunity.
We believe our investment pipeline remains robust, visible, and
actionable, with an expanding opportunity set across all of our
regions and up and down the capital stack. In fact, this morning we
announced that we have closed or are under contract to close nearly
$4.0 billion of investments
year-to-date, which compares to approximately $5.0 billion of investment activity in 2023. We
have also made significant strides to strengthen our balance sheet,
which has never been as strongly positioned as it is today, and
expect to maintain significant liquidity and financial flexibility
in the future."
Forward-Looking Statement
This press release contains "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
When Welltower uses words such as "plan," "expect," "believe" or
similar expressions that do not relate solely to historical
matters, Welltower is making forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause Welltower's
actual results to differ materially from Welltower's expectations
discussed in the forward-looking statements. This may be a result
of various factors, including, but not limited to, those factors
discussed in Welltower's reports filed from time to time with the
Securities and Exchange Commission. Welltower undertakes no
obligation to update or revise publicly any forward-looking
statements, whether because of new information, future events or
otherwise, or to update the reasons why actual results could differ
from those projected in any forward-looking statements.
About Welltower
Welltower Inc. (NYSE:WELL), a real estate investment trust
("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of
health care infrastructure. Welltower 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 owns interests in properties
concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing
and post-acute communities and outpatient medical properties. More
information is available at www.welltower.com.
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SOURCE Welltower Inc.