Welltower Reports First Quarter 2026 Results

About this update from Welltower Inc.

TOLEDO, Ohio, April 28, 2026 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) today announced results for the quarter ended March 31, 2026. First Quarter and Other Recent Highlights Capital Activity and Liquidity Liquidity Update Net debt to consolidated enterprise value decreased to 8.8% as of March 31, 2026 from 10.8% as of December 31, 2025. We sourced over $4 billion of attractively priced capital, including the assumption of below-market debt, equity issuances and proceeds from dispositions and loan repayments to fund accretive capital deployment opportunities. Expanded Senior Unsecured Line of Credit In March, we closed on an amended $6.25 billion senior unsecured revolving credit line, which enhances flexibility and achieves a 15 bps improvement in pricing. The revolving facility is comprised of a $4.25 billion tranche that matures on March 6, 2030 and a $2.0 billion tranche that matures on July 24, 2029. We have an ability, on an uncommitted basis, to upsize the revolving facility by up to an additional $1.25 billion. The amended facility increases our total available credit facilities to $7.5 billion. Concurrent with the closing, we repaid our existing $1 billion USD term loan and $250 million CAD term loan with cash on hand. Unsecured Senior Note Activity Repaid $700 million of senior unsecured notes at maturity in April 2026 with free cash flow. Recent Investment Activity In the first quarter, we completed $3.3 billion of pro rata gross investments. Additionally, we completed pro rata property dispositions of $1.9 billion and loan repayments of $873 million weighted towards the back half of the quarter. Notable Portfolio Activity Amica Senior Lifestyles Acquisition On April 1, 2026, we completed the previously announced acquisition of a Canadian portfolio of 38 seniors housing communities for a pro rata purchase price of C$4.1 billion, including cash of C$3.5 billion and the assumption of C$617 million of secured debt, representing our proportionate share, with an average interest rate of 3.6%. Additionally, we entered into forward purchase agreements to acquire five properties currently under development. Dividend On April 28, 2026, the Board of Directors declared a cash dividend for the quarter ended March 31, 2026 of $0.74 per share. This dividend, which will be paid on May 21, 2026 to stockholders of record as of May 13, 2026, will be our 22...

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