Report
Kevin Brown
EUR 100.00 For Business Accounts Only

Strong Relationships and Leadership Distinguishes Welltower as the Premier Healthcare REIT

Given that fourth-quarter results for the industry and Welltower's peers have been underwhelming, no-moat Welltower reporting fourth-quarter numbers and a 2019 outlook in line with our estimates comes as a pleasant surprise. Same-store net operating income growth for the total portfolio was a modest beat at 1.6%, 50 basis points ahead of our number. Focus will be on the senior housing portfolio, which saw occupancies pick up 20 basis points sequentially despite high supply growth, same-store rev...
Underlying
Welltower Inc.

Welltower is a real estate investment trust. The company's segments are: Seniors Housing Operating, which includes seniors apartments, independent living and independent supportive living, continuing care retirement communities, Alzheimer's/dementia care, and care homes with or without nursing; Triple-net, which includes independent living and independent supportive living, continuing care retirement communities, Alzheimer's/dementia care and care homes with or without nursing, as well as long-term/post-acute care; and Outpatient Medical, which consists of outpatient medical buildings including physician offices, ambulatory surgery centers, diagnostic facilities, outpatient services and/or labs.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Kevin Brown

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