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Welltower (WELL) Q3 Earnings call transcript Oct 29, 2024

Daily EarningsWednesday, Oct 30, 2024 3:14 pm ET

1min read

TIMB -- WELL --

Welltower, a leading real estate investment trust, recently held its third-quarter earnings call, providing insights into the company's financial performance and strategic initiatives. The call, led by executives including Shankh Mitra, John Burkart, Nikhil Chaudhri, and Tim McHugh, highlighted a strong quarter with impressive financial growth and strategic investments.

Financial Highlights

Welltower reported a 21% increase in FFO per share, marking the highest quarterly revenue of $2 billion. The company's senior housing operating portfolio saw a year-over-year same-store NOI growth of 23%, driven by occupancy growth and rate increases. The company's balance sheet has also strengthened, with leverage at 3.7x and nearly $10 billion of liquidity.

Operational Performance

The senior housing operating portfolio continues to perform exceptionally, with year-over-year same-store NOI growth of 23%. The company has achieved sequential occupancy growth of 160 basis points, reflecting strong tailwinds and the impact of its operating platform initiatives. The platform, which includes technology and asset management enhancements, is expected to further drive operational efficiencies and growth in the future.

Capital Deployment

Welltower remains active in capital deployment, having completed over $6 billion in transactions year-to-date. The company's focus is on deepening its market presence rather than broadening it. The company's goal is to optimize its balance sheet, with a focus on flexible capital allocation to capitalize on attractive investment opportunities.

Future Outlook

Looking ahead, Welltower is optimistic about the future, driven by a favorable demographic trend and a strengthening operating platform. The company expects to continue its strong performance into 2025, with a focus on market share growth and operational efficiencies. The company is also exploring opportunities to expand its portfolio through strategic acquisitions.

Investor Questions

During the call, analysts asked about the company's occupancy trends, tech platform rollout, and capital deployment strategy. Management provided insights into the company's operational performance, future outlook, and strategic initiatives, highlighting the company's focus on maximizing shareholder value and driving long-term growth.

Conclusion

Welltower's Q3 earnings call underscored the company's strong financial performance, strategic initiatives, and positive outlook for the future. With a focus on operational excellence, capital deployment, and strategic growth, Welltower is well-positioned to capitalize on the opportunities ahead and continue its momentum into 2025.

Comments

oakleystreetchi

05/02

Governance best practices are like stock trading rules—ignore them at your own peril. WEX should learn from others' plays.

ttforum

05/02

Impactive's nominee could be the game-changer WEX needs. New blood often means new ideas, and maybe a better strategy.

szoguner

05/02

@ttforum New blood sounds good, but will it stick?

Howell--Jolly

05/02

Shareholder power rising, boards beware or bail.

getintocollegern

05/02

Impactive's data is fire; WEX needs a reboot.

OutsidePerspective27

05/02

CEO and Chairwoman? That's a power trip waiting to be challenged. Smith's role smells like a conflict cooker.

IllustratorSquare377

05/02

@OutsidePerspective27 LOL, power trip for sure.

anti-faxerr

05/02

@OutsidePerspective27 Yeah, dual roles can be sketchy.

NEYO8uw11qgD0J

05/02

Impactive's play here is smart. WEX needs fresh eyes and a shake-up. Market dynamics don't tolerate complacency.

turkeychicken

05/02

Long $WEX, but if Impactive wins, could mean value unlock. Gotta keep an eye on that vote count.

sugar182

05/02

@turkeychicken How long you been holding $WEX? Curious if you've seen much movement yet.

car12703

05/02

WEX's underperformance is mind-boggling. 250+ percentage points? That's not just lagging, that's getting left in the dust.

jvdr999

05/02

WEX board looks toast, Impactive's got aces.

2strange4things

05/02

Impactive's got the data to back their play. WEX needs fresh blood and a shake-up. Let's see if shareholders are ready for change.

CardiologistEasy4031

05/02

Activism working, WEX can't ignore the heat.

mrpoopfartman

05/02

Long $WEX, but Impactive makes solid points. 🤔

joe4942

05/02

Shareholder activism is like the wild west of corporate finance. Who else is ready for a proxy fight? 🤠

NoTearsNowOnlyDreams

05/02

Activists are like the Robin Hoods of the corporate world—stealing from complacent boards and giving to shareholders. 😎

adilly31

05/02

Impactive's proxy battle is the corporate world's version of a much-needed intervention. Let's hope WEX's board doesn't end up like that stubborn uncle who refuses to change, leaving everyone else to pick up the pieces.

SuperNewk

05/02

@adilly31 If WEX's board doesn't shape up, they might end up in the penalty box of poor performance. But hey, maybe they're just waiting for the next bull market to make their move. 🤔

vivifcgb

04/15

$12.45M fine is hefty. Hayvn should've watched out. AML is not a suggestion, it's a necessity in this game.

BunchProfessional680

04/15

@vivifcgb True, AML's a must. Hayvn got hit hard, maybe they're out for good now.

fluffnstuff1

04/15

Crypto exchanges better shape up or...

MyNi_Redux

04/15

Crypto's going mainstream, and with it, the scrutiny. Hayvn got hit hard. Don't say we didn't warn you, fam.

BuyTheDipDanny

04/15

@MyNi_Redux True, crypto's under the spotlight.

Ok-Memory2809

04/15

Hayvn got wrecked, $12.45M is hefty.

MyNi_Redux

04/15

Holding $TSLA, steering clear of Hayvn

2strange4things

04/15

Regulatory scrutiny is here to stay, peeps.

Aertypro

04/15

@2strange4things True that, regs r tight.

BenGrahamButler

04/15

@2strange4things What's your take on how this will affect crypto prices?

Accomplished-Bill-45

04/15

AML is not optional, folks. 🚨

LarryKingsGhost

04/15

Regulatory bodies are tightening the noose. If you're in crypto, you better have your ducks in a row, AML-wise.

Sensitive_Chapter226

04/15

Flinos' moves were sus, glad he's accountable

NinjaImaginary2775

04/15

@Sensitive_Chapter226 Cool

maximalsimplicity

04/15

This fine is a big deal. Hayvn's lack of AML measures is a red flag. Regulatory game needs to be strong in crypto.

pd14200

04/15

Wow!the block option data in AAPL stock saved me much money!

btcmoney420

04/15

@pd14200 I had a small AAPL position last year, sold too early. Regret not holding when block data showed potential.

No-Wallaby5696

04/15

@pd14200 How long you been using block option data for AAPL? Any hot tips for 2024?

Oleksandr_G

05/10

Fintechs could thrive under Fed's new vibe.

Bossie81

05/10

I'm holding some $AAPL and $TSLA, focusing on innovation with strong risk management. Diversification is key in this shifting landscape.

DanielBeuthner

05/10

Bowman's Fed favors banks now, but long-term stability is at risk. Let's profit from today's policies while preparing for the next reckoning.

Dmurray11388

05/10

@DanielBeuthner True dat, bro.

tostitostiesto

05/10

Regulatory easing = riskier banks, watch out.

curiouscuriel

05/10

@tostitostiesto True, easier regs = riskier banks.

threefold_law

05/10

With Wells back at the Fed, expect closer ties between regulators and big banks. Could this lead to an easing of capital constraints?

A_Moron_In-Existence

05/10

Deregulation might lift bank profitability but remember, risks rise too. Investors, keep an eye on systemic risk metrics.

Dense_Intern8434

05/10

@A_Moron_In-Existence True, risks spike.

Ok-Afternoon-2113

05/10

@A_Moron_In-Existence Watch out for leverage ratios, right?

big_nate410

05/10

Big banks' gains might be short-lived, though.

Haardikkk

05/10

Covas's BPI background hints at a push for tailored regulation. Less capital for large banks? That's a risky game.

JobuJabroni

05/10

Fed's digital asset stance could boost fintechs. PayPal (PYPL) and Coinbase (COIN) might benefit from clearer rules.

greyenlightenment

05/10

Big banks with strong lobbies ($JPM, $BAC) might outperform as regulations ease. But don't forget about fintechs like $SQ and $COIN.

krogerCoffee

05/10

@greyenlightenment What about regional banks?

Anteater_Able

05/10

Regulatory easing = riskier banks? Long-term investors need hedges, like inverse ETFs (SKF) or gold (GLD).

Critical-Database-49

05/10

Regulatory easing could pressure financial stocks if systemic risk spikes. Investors, hedge with inverse ETFs (like SKF) or gold (GLD).

Holiday_Context5033

05/10

Big banks with strong lobbies ($JPM, $BAC) could outperform. But easing oversight might weaken crisis safeguards.

Turbonik1

05/10

Guynn's stablecoin focus might boost fintechs, but we need to watch how it plays out. Regulatory clarity is key here.

cuzimrave

05/10

Wow!The AAAU stock was in an easy trading mode with Premium tools, and I made $461 from it!

Conscious-Group

05/10

@cuzimrave What was your strategy with AAAU, and how long were you holding?

r2002

05/16

This test is the "Hamilton" of diagnostics—revolutionary and everyone's talking about it. But let's not forget, even the best musicals have opening night jitters. Still, it's a solid play for early detection and could be a game-changer if it delivers.

Medical-Truth-3248

05/16

@r2002 Solid move for Alzheimer's, but let's see how it plays out in real-world clinics.

Puginator

05/16

OMG!The META stock was in a clear trend, and I made $228 from it!

ZestycloseAd7528

04/10

Microcap show might be DMN's last chance to rally investors. Fingers crossed they bring their A-game. 🤞

MacaroniWithDaCheese

04/10

DMN needs a turnaround plan, stat. 🤔

Godzhilluh

04/10

@MacaroniWithDaCheese DMN needs more than a plan.

GJohannes37

04/10

Market pressure is intense, but sometimes these extreme swings create opportunities for smart traders to profit.

serenitybybowie

04/10

@GJohannes37 True, swings can be profitable.

Throwaway7131923

04/10

@GJohannes37 What's your take on DMN's future?

SISU-MO

04/10

Delisting risk = panic selling. Hold or fold?

AbuSaho

04/10

@SISU-MO How long you planning to hold DMN? Curious if you're thinking short-term flip or long-term bet.

Tiger_bomb_241

04/10

Nasdaq delisting looms, but a strong presentation could shift sentiment. Are we seeing a dead cat bounce or what?

Terrible_Onions

04/10

Low bar expectations could actually help DMN if they surprise. Maybe a turnaround tale in the making?

WinningWatchlist

04/10

Delisting risk is a biggie, but sometimes these shakeouts can be buying opportunities. Load up cautiously, folks.

Hamlerhead

04/10

Microcap showcase might be a make-or-break moment.

destroyman26

04/10

DMN's got a tough road ahead, but sometimes these microcap plays can explode if they turn it around. 🚀

YungPersian

04/10

Delisting risk got everyone on edge. But hey, microcap showcase might just be the reset DMN needs.

WoodKite

04/10

100% intraday drop—talk about a rollercoaster. Are investors panicking or is there a hidden gem here?

provoko

04/10

@WoodKite Could be a pump n' dump.

vivifcgb

04/10

Holding a small DMN position. If they impress at the showcase, might add more. High risk, high reward.

Zhukov-74

04/10

Buy the dip? High risk, high reward here

Major_Drummer579

04/10

@Zhukov-74 Holding long-term? Or just short swing? Curious about your target price for DMN.

I_kove_crackers

04/10

DMN's nosedive is wild, but maybe a rebound is brewing if they nail the Planet Microcap Showcase. Gotta keep an eye on that.

Codyofthe212th

04/10

Investors be like, "Buy the dip?" But DMN's rollercoaster makes me think twice. 🚀💥

WorkingCareful7935

04/10

@Codyofthe212th How long you planning to hold if you buy in now? Curious about your target price for DMN.

destroyman26

04/10

@Codyofthe212th I'm on the sidelines with DMN. Had a small bag earlier but sold at a loss. Regret not holding.

johnnyko55555

05/17

OMG!I successfully capitalized on the AAPL stock's bearish movement with Pro tools, generating $335!

Vaynard709

05/17

@johnnyko55555 Nice score! What was your AAPL strategy?

Dvorak_Pharmacology

04/10

Michelin's sales are taking a flat tire, with tariffs and seasons adding to the puncture

werewere223

04/10

Damn!!the block option data in MSTF stock saved me much money!

Conscious-Sea-5937

8 hour ago

Wow!the block option data in TSLA stock saved me much money!

WellWe11Well

04/17

Leonardo's HPC play could be a game-changer. 🚀

_Ukey_

04/17

Green computing is the unsung HPC hero.

Sad_Predicament

04/17

@_Ukey_ Makes sense

Cannannaca

04/17

HPC-driven margins in energy and healthcare could diversify Leonardo's revenue. Time to watch those sectors closely.

AbuSaho

04/17

HPC-driven margins in energy and healthcare could be the wildcard for Leonardo. New markets mean new growth opportunities.

pubgscholar

04/17

@AbuSaho Do you think HPC will boost Leonardo's stock?

highchillerdeluxe

04/17

LHyC's AI push could be a game-changer if they nail the talent hunt. Silicon Valley better watch out.

nicpro85

04/17

@highchillerdeluxe True, LHyC's AI push could be big.

bigbear0083

04/17

If Leonardo hits its targets, valuation could get a nice boost. Watching those EV/EBITDA multiples closely.

Fast_Half4523

04/17

@bigbear0083 Do you think Leonardo's targets are realistic?

oakleystreetchi

04/17

Betting big on AI, hope they don't crash.

Humble_Day_2318

04/17

@oakleystreetchi Hope it pays off.

ContentSort1597

04/17

@oakleystreetchi What's your take on Leonardo's AI bet?

alvisanovari

04/17

$280 million into sustainability is a big bet. Green computing breakthroughs could be the unsung heroes here.

Bothurin

04/17

@alvisanovari True, green computing's a wildcard.

TailungFu

04/17

Betting big on LHyC, huh? 🚀 If they pull it off, could be a game-changer for European tech. Worth keeping an eye.

gnygren3773

04/17

7% CAGR target is ambitious. Analysts will be watching closely for any signs of margin expansion.

Traditional-Jump6145

04/17

EU tech sovereignty is the buzzword here. Interesting to see how this affects their stock and defense sector dynamics.

joe_bidens_underwear

04/17

€230M target by 2029 seems ambitious but a solid bet on tech sovereignty. Let's see if they deliver.

hillramo

04/17

@joe_bidens_underwear Agreed, ambitious but solid bet.

2strange4things

04/17

@joe_bidens_underwear Do they have any upcoming catalysts?

haarp1

04/17

Multidomain interoperability aligns with NATO priorities. This could open doors for Leonardo in the global defense market.

MasterDeath

04/17

The Davinci-1 upgrade sounds like a power move. Hope they don't hit regulatory walls with those AI chips.

Urselff

04/17

Diversifying beyond defense is smart; margins await.

05/03

I recently started working with Google remote jobs and I'm making around $550–$830 per week now. Honestly, I never thought it would be this easy to earn online. If anyone's serious, there are still openings available!

Get started today..... 𝐰𝐰𝐰.𝐉𝐨𝐛𝐬𝟔𝟕.𝐜𝐨𝐦

howardkitty94

05/03

@ Makes sense

they_paid_for_it

05/02

Tom DeMark's market timer is ticking, but remember, markets are like that meme stock—nobody knows what's next. Keep your eyes peeled, but don't let the bears steal your picnic.

NeilCh

05/02

@they_paid_for_it Bear markets? More like bear memes. Who's holding YOLO stocks? 🚀🐻

confused-student1028

05/02

Remember when $TSLA took that nosedive? This time around, I'm better prepared for the volatility.

enosia1

05/02

DeMark's been spot on before. If he says bear, I'm keeping a close watch on my positions.

freekittykitty

05/02

Time to adjust portfolios, not panic.

pellosanto

05/02

Bear market vibes are creeping in, but I'm still holding $AAPL for the long haul. Diversification is key, folks.

FireRngesus

05/02

@pellosanto How long you planning to hold $AAPL? Curious if you've got a target in mind or any other stocks in your portfolio.

Relevations

05/02

Technicals are weak, and sentiment's shaky. Might be time to tighten those stop-losses, friends.

Urselff

05/02

Bear market vibes are creeping in

DumbStocker

05/02

S&P 500 on a roll, but DeMark says it's a house of cards. Next peak could be the last dance.

istockusername

05/02

Tom DeMark's got that bear market buzz. Are we heading for a 20% dip? Time to buckle up, folks.

Turbonik1

05/02

My strategy? Diversified portfolio, eyeing $AAPL for long-term growth. Not sweating the small stuff.

Ok-Swimmer-2634

05/02

@Turbonik1 How long you planning to hold $AAPL? Any specific price target in mind?

LurkerMcLurkington

05/02

DeMark's got the market on notice. Will we see a repeat of 2008, or just a hiccup? Only time tells.

Luka77GOATic

05/02

Tom DeMark's call: buckle up, folks

NeighborhoodOld7075

05/02

Market's fragile, and DeMark's countdown says "sell." Is anyone else hedging with options? 🤔

yeahyoubored

05/02

DeMark's got the goods on market turns. His firm's like a crystal ball for traders. 🤑

_ibsar

20 min ago

"The Houthis are turning the Red Sea into their own personal 'Piracy: The Game' level, but with real-life consequences and no respawns.

Ilabaca1

26 min ago

Wow!The TSLA stock generated the signal, from which I have benefited significantly!

Godzhilluh

10 min ago

@Ilabaca1 How long you held TSLA? Was it a quick trade or long-term?

bllshrfv

03/08

Real-world assets boost credibility, Doge can't compete.

Tryingtodoit23

03/08

Doge might have its community, but RCOF's tech offers more than just speculation. Solid investment for the win.

deejayv2

03/08

@Tryingtodoit23 Tech beats memes, no doubt.

haarp1

03/08

@Tryingtodoit23 RCOF's tech is fire, but keep an eye on Doge's moves.

Solarprobro4

03/08

RCOF's AI is 🔥, Doge is dead weight.

rubiyan

03/08

RCOF's roadmap looks promising. Tokenization of real-world assets could disrupt the market. Watching closely for next moves.

Qwazarius

03/08

@rubiyan RCOF's roadmap looks solid, but can they execute?

Ok-Memory2809

03/08

@rubiyan Real-world asset tokenization is 🔥.

FTCommoner

03/08

Real-world asset integration is smart. Institutions want stability, and RCOF delivers. Big difference from Doge's hype train.

TenMillionYears

03/08

@FTCommoner True, RCOF's stability attracts institutions.

that_is_curious

03/08

Security and transparency are the unsung heroes here. Doge could learn a thing or two.

Puzzleheaded-Mood544

03/08

@that_is_curious True, sec & transp matter.

scccc-

03/08

Staking APY is insane, passive income dream!

Anklebreakers10

03/08

RCOF's AI trading bot is a game-changer. No-brainer compared to Doge's wild west vibes. 🚀

meowmeowmrcow

03/08

@Anklebreakers10 AI bots r cool, but RCOF risk? 🤔

TeslaCoin1000000

03/08

Almost $14M in presale? Market's voting with their wallets. RCOF's utility is resonating. 🚀

Fidler_2K

03/08

@TeslaCoin1000000 What do you think about Doge's chances?

Throwaway420_69____

03/08

RCOF presale haul shows market knows better.

Tiger_bomb_241

03/08

86% APY? I'm stacking RCOF like pancakes. Passive income FTW.

Medical-Truth-3248

03/08

Real-world asset integration is the secret sauce. Institutions will flock to this stability. Smart play.

LoinsSinOfPride

03/08

Security and transparency are key. RCOF feels like a solid long-term play, not just a pump and dump like some meme coins.

portrayaloflife

03/08

Hodling RCOF, diversifying beyond meme coins.

BlackBlood4567

03/08

Holding RCOF as part of my diversify crypto bag. High-yield staking covers fees, and AI trading is a bonus.

investorVXY

27 min ago

Holy!🚀 NFLX stock went full bull trend! Cashed out $302 gains!

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.