Welltower Reports Second Quarter 2026 Results
Article excerpt
TOLEDO, Ohio, July 27, 2026 /PRNewswire/ -- Welltower Inc. (NYSE: WELL ) today announced results for the quarter ended June 30, 2026. Second Quarter and Other Recent Highlights Capital Activity and Liquidity Liquidity Update Net debt to consolidated enterprise value decreased to 8.9% as of June 30, 2026 from 10.1% as of June 30, 2025. We sourced over $4 billion of capital, including the assumption of below-market debt, equity issuances and proceeds from dispositions and loan repayments to fund accretive capital deployment opportunities. Unsecured Senior Note Activity Repaid $700 million of senior unsecured notes in April 2026 with free cash flow. Canadian Note Issuance In July 2026, we completed the issuance of C$1.15 billion aggregate principal amount of Canadian dollar-denominated senior unsecured notes, consisting of C$750 million of 3.850% notes due August 15, 2031 and C$400 million of 4.150% notes due August 15, 2033. Recent Investment Activity In the second quarter, we completed $6.3 billion of pro rata gross investments inclusive of development funding. Additionally, we completed pro rata property dispositions of $688 million and loan repayments of $155 million. Notable Portfolio Activity Amica Senior Lifestyles Acquisition On April 1, 2026, we completed the previously announced acquisition of a Canadian portfolio of 38 seniors housing communities for a pro rata...
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During the quarter, we sold ten properties for gross proceeds of $298 million.
