Welltower Issues Business Update – Company Announcement

Welltower Reports 2023 Outlook, Provides Business Updates

Welltower Inc. (NYSE: WELL), a healthcare real estate investment trust (REIT), recently issued a business update providing key operational and financial highlights. The company discussed its performance in 2022, highlighted its strategic priorities, and presented its outlook for 2023.

2022 Performance and Strategic Priorities

In 2022, Welltower continued to execute on its strategic priorities, including growing its seniors housing portfolio, expanding its healthcare services platform, and improving its operational efficiency. The company acquired over $2 billion of seniors housing assets and expanded its healthcare services platform through the acquisition of a leading provider of home health and hospice services.

2023 Outlook

For 2023, Welltower expects continued growth in its core businesses. The company projects same-store net operating income (NOI) growth of 3.5% to 4.5% for its seniors housing portfolio and 3.0% to 4.0% for its healthcare services segment. Welltower also expects to generate strong cash flow from operations and maintain a healthy balance sheet.

Key Operational Updates

Welltower provided several operational updates in its business update. The company announced plans to develop a new seniors housing community in a growing market and expand its home health and hospice services into new geographies. Welltower also discussed its efforts to improve the quality and efficiency of its operations, including implementing new technologies and streamlining its processes.

Conclusion

Welltower's business update provides a positive outlook for the company's future. The company is well-positioned to continue growing its core businesses, generating strong cash flow, and delivering value to its shareholders. Investors should monitor Welltower's progress in executing its strategic priorities and achieving its financial goals.