WELL Updates Seniors Housing NNN, Plans to Sell Brookdale Portfolio

Zacks10-04 01:15

Welltower Inc. WELL recently provided an update on the Seniors Housing Triple-Net (SH NNN) portfolio. It also plans to sell the Brookdale Portfolio for $175 million. The company is reducing SH NNN ...

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It also plans to sell the Brookdale Portfolio for $175 million.\nThe company is reducing SH NNN ...</p>\n\n<a href=\"https://finance.yahoo.com/news/well-updates-seniors-housing-nnn-171500879.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WELL Updates Seniors Housing NNN, Plans to Sell Brookdale Portfolio</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWELL Updates Seniors Housing NNN, Plans to Sell Brookdale Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-04 01:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/well-updates-seniors-housing-nnn-171500879.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welltower Inc. WELL recently provided an update on the Seniors Housing Triple-Net (SH NNN) portfolio. It also plans to sell the Brookdale Portfolio for $175 million.\nThe company is reducing SH NNN ...</p>\n\n<a href=\"https://finance.yahoo.com/news/well-updates-seniors-housing-nnn-171500879.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4225","symbol_name":"医疗保健房地产信托","start_time":0,"source_url":"https://finance.yahoo.com/news/well-updates-seniors-housing-nnn-171500879.html","article_id":"2472288386","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/rVApETWEsM5902MnSJcT7A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9fbd184faf399044b3daf708db81da25"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472288386","pubTimestamp":1727975700,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Welltower Inc. WELL recently provided an update on the Seniors Housing Triple-Net  portfolio. It also plans to sell the Brookdale Portfolio for $175 million.The company is reducing SH NNN exposure to secure attractive returns for shareholders and bolster long-term growth prospects.In the recent update, Welltower noted that it has completed the conversion of five communities that were previously under a triple-net lease with Sagora to a Seniors Housing Operating  structure. Per the second-quarter 2024 earnings release, the company announced 47 conversions of triple-net leased properties to RIDEA structures.Since the first quarter of 2022, Welltower has successfully transitioned 100 triple-net leased assets into RIDEA structures. This helps the company enhance near-term growth prospects for its SHO portfolio and contributing to the long-term generation of cash flow per share.Under the NNN segment, WELL’s properties are primarily leased to operators under long-term, triple-net master leas","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4225":"医疗保健房地产信托","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","BK4160":"多样化房地产投资信托v","LU0192582467.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","BK4194":"办公房地产投资信托","BK4585":"ETF&股票定投概念","LU0140636845.USD":"施罗德大中华区股票A Acc","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","WELL":"WELLTOWER OP LLC","BK4203":"医疗保健房地产投资信托","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","BK4080":"零售业房地产投资信托","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","NNN":"NNN REIT INC","LU0048388663.USD":"SCHRODER ISF ASIAN OPPORTUNITIES \"A\" (USD) INC AV","LU0049853897.USD":"SCHRODER ISF EMERGING MARKETS \"A\" (USD) INC AV","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0259732245.USD":"EASTSPRING INVESTMENTS DRAGON PEACOCK A","BK4588":"碎股","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","PINE":"Alpine Income Property Trust, Inc.","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0106259558.USD":"SCHRODER ISF ASIAN OPPORTUNITIES \"A\" ACC","BK4231":"零售房地产信托","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0828237940.HKD":"SCHRODER ISF EMERGING ASIA \"A\" (HKD) ACC","LU0106252389.USD":"SCHRODER ISF EMERGING MARKETS \"A\" ACC","SLG":"SL Green Realty Corp","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","BK4223":"办公室房地产信托"},"translate_title":"WELL更新老年人住房NNN，计划出售Brookdale投资组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WELL":1,"SLG":1,"PINE":1,"NNN":1},"content_text":"Welltower Inc. WELL recently provided an update on the Seniors Housing Triple-Net (SH NNN) portfolio. It also plans to sell the Brookdale Portfolio for $175 million.\nThe company is reducing SH NNN exposure to secure attractive returns for shareholders and bolster long-term growth prospects.\nIn the recent update, Welltower noted that it has completed the conversion of five communities that were previously under a triple-net lease with Sagora to a Seniors Housing Operating (RIDEA) structure. Per the second-quarter 2024 earnings release, the company announced 47 conversions of triple-net leased properties to RIDEA structures.\nSince the first quarter of 2022, Welltower has successfully transitioned 100 triple-net leased assets into RIDEA structures. This helps the company enhance near-term growth prospects for its SHO portfolio and contributing to the long-term generation of cash flow per share.\nUnder the NNN segment, WELL’s properties are primarily leased to operators under long-term, triple-net master leases. The company’s triple-net properties offer services including independent living and independent supportive living, assisted living, continuing care retirement communities and care homes with or without nursing, as well as long-term/post-acute care.\nBrookdale Portfolio Sales\nAdditionally, Welltower plans to sell its full interest in five properties that are currently operated under a triple-net lease with Brookdale for $175 million.\nThe portfolio consists of 686 units with an average age of 25 years, which includes 94 skilled nursing facility units and one property functioning as an independent memory care community.\nThe sale is advantageous for both Brookdale and Welltower. Although there is a beneficial purchase option established at the time the lease was signed 16 years ago, Welltower is set to realize an unlevered internal rate of return of more than 10% and 2.7 times multiple on its invested capital.\nIn a separate transaction, a joint venture with a global partner has reached an agreement to sell 11 communities operated by Brookdale. Welltower, having maintained a 25% minority interest in the portfolio after taking out nearly all of its equity in a 2017 transaction, is projected to receive $26 million in net proceeds from this sale.\nIt is expected that the sales will yield a modest improvement in the TTM coverage metrics associated with WELL’s Brookdale portfolio.\nSumming-Up\nWelltower is poised to benefit from its diversified portfolio of healthcare real estate assets in the key markets of the United States, Canada and the U.K. An aging population and an expected rise in senior citizens’ healthcare expenditure are likely to aid its Seniors Housing Operating portfolio’s growth. The outpatient medical segment is expected to benefit from favorable outpatient visit trends.\nRestructuring initiatives have enabled the company to attract top-class operators, facilitating it to improve the quality of its cash flows.\nOver the past six months, shares of this Zacks Rank #3 (Hold) company have gained 40.5%, outperforming the industry’s growth of 17.8%.\nImage Source: Zacks Investment Research\nStocks to Consider\nSome better-ranked stocks from the broader REIT sector are SL Green Realty SLG and Alpine Income Property Trust PINE, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nThe Zacks Consensus Estimate for SL Green’s 2024 FFO per share is pegged at $7.58, which suggests year-over-year growth of 53.4%.\nThe Zacks Consensus Estimate for Alpine’s full-year FFO per share stands at $1.65, which indicates an increase of 12.2% from the year-ago period.\nNote: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSL Green Realty Corporation (SLG) : Free Stock Analysis Report\nWelltower Inc. (WELL) : Free Stock Analysis Report\nAlpine Income Property Trust, Inc. (PINE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472288386"}