Bulletin
Investor Alert

April 29, 2021, 7:38 a.m. EDT

Interest Picking Up in Medical REITs

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Community Healthcare Trust Inc. (CHCT)
  • X
    Ventas Inc. (VTR)
  • X
    Physicians Realty Trust (DOC)

or Cancel Already have a watchlist? Log In

Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in major, high growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties.

Welltower Inc /zigman2/quotes/200485564/composite WELL +0.77% recently announced the completion of two recently developed medical office buildings in Charlotte, NC, totaling over 280,000 square feet. The properties were delivered in March 2021 and master leased to Atrium Health (moody's:Aa3)(s&p:AA-) under a 15-year triple-net lease.

According to the release, located in Midtown Charlotte, minutes from Atrium's Main Campus, the projects were developed by Charlotte-based Pappas Properties, LLC, who will remain strategic partners with Welltower on the planned 9-acre health care anchored, mixed-use campus and future developments.

Even with that news, the action hasn't really heated up in the stock, with shares moving net sideways over the past week.

Welltower Inc /zigman2/quotes/200485564/composite WELL +0.77% pulled in sales of $1.1B in its last reported quarterly financials, representing top line growth of -11.1%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($2B against $0).

DISCLAIMER: EDM Media LLC (EDM), is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. EDM is NOT affiliated in any manner with any company mentioned herein. EDM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. EDM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. EDM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed EDM has been compensated twenty five hundred dollars for news coverage of the current press releases issued by Supurva Healthcare Group Inc (otcmkts:SPRV) by a third party.

EDM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and EDM undertakes no obligation to update such statements.

Media Contact:

EDM Media LLC

Email: IR@EDM.Media

Office: 800-301-7883

EDM.Media

COMTEX_385323998/2632/2021-04-29T07:38:17

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/200485564/composite
US : U.S.: NYSE
$ 84.06
+0.64 +0.77%
Volume: 3.12M
Jan. 28, 2022 4:03p
P/E Ratio
1,347
Dividend Yield
2.90%
Market Cap
$36.31 billion
Rev. per Employee
$10.87M
loading...
/zigman2/quotes/200485564/composite
US : U.S.: NYSE
$ 84.06
+0.64 +0.77%
Volume: 3.12M
Jan. 28, 2022 4:03p
P/E Ratio
1,347
Dividend Yield
2.90%
Market Cap
$36.31 billion
Rev. per Employee
$10.87M
loading...

1 2
This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.