WELLTOWER OP LLC(WELL) 2023 Earnings Summary
Bullish Points:
1. For the six months ended June 30, 2023, the company reported total revenues of $3,226,207, compared to $2,868,240 in the same period in 2022.
2. Total assets increased to $40,064,135 as of June 30, 2023, compared to $37,893,233 as of December 31, 2022.
3. Net cash provided from operating activities increased to $792,303,000 in the current period from $719,331,000 in the prior period.
4. Cash disbursed for acquisitions was $424,094,000 in the current period compared to $1,471,767,000 in the prior period.
5. Total revenues for Q2 2023: $1,665,478,000, an increase compared to Q2 2022: $1,472,536,000.
6. Seniors Housing Operating segment: Q2 2023 resident fees and services revenue: $1,159,449,000, an increase compared to Q2 2022: $1,009,999,000.
7. As of June 30, 2023, the company had $2,203,788,000 in cash and cash equivalents, $95,281,000 in restricted cash, and $4,000,000,000 of available borrowing capacity under its unsecured revolving credit facility.
Bearish Points:
1. Net income for the six months ended June 30, 2023, was $134,977, compared to $161,423 in the same period in 2022.
2. Impairment charges recorded during the six months ended June 30, 2023: $13,715,000.
3. Allowance for credit losses on loans receivable: $186,340,000 (June 30, 2023) vs. $165,083,000 (June 30, 2022).
In summary, WELLTOWER OP LLC (WELL) has shown an increase in total revenues, assets, and cash provided from operating activities. However, there has been a decrease in net income and an increase in impairment charges and allowance for credit losses on loans receivable. It is essential to consider both the positive and negative aspects of the financial report to make an informed decision. For more information, you can read the original text of WELLTOWER OP LLC's financial report: https://www.sec.gov/Archives/edgar/data/766704/000076670423000025/well-20230630.htm
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