WELL - Welltower Inc. (WELL) Q1 2024 Earnings Call Transcript

2024-04-30 13:05:26 ET

Welltower Inc. (WELL)

Q1 2024 Earnings Conference Call

April 30, 2024 09:00 AM ET

Company Participants

Matthew McQueen - General Counsel

Shankh Mitra - Chief Executive Officer

John Burkart - Chief Operating Officer

Tim McHugh - Chief Financial Officer

Nikhil Chaudhri - Chief Investment Officer

Conference Call Participants

Ronald Kamdem - Morgan Stanley

Vikram Malhotra - Mizuho

Nick Yulico - Scotiabank

Austin Wurschmidt - KeyBanc Capital Markets

Jonathan Hughes - Raymond James

Juan Sanabria - BMO Capital Markets

Nick Joseph - Citigroup

Joshua Dennerlein - Bank of America Merrill Lynch

Michael Carroll - RBC Capital Markets

Jim Kammert - Evercore ISI

Michael Mueller - JPMorgan

John Pawlowski - Green Street

Rich Anderson - Wedbush Securities

Wes Golladay - Robert W. Baird

Presentation

Operator

Thank you for standing by. My name is [indiscernible] and I will be your conference operator today. At this time, I would like to welcome everyone to the Welltower First Quarter 2024 Earnings Call. [Operator Instructions] Thank you.

I would now like to turn the conference over to Matt McQueen, General Counsel. You may begin.

Matthew McQueen

Thank you and good morning. As a reminder, certain statements made during this call may be deemed forward-looking statements in the meaning of the Private Securities Litigation Reform Act.

Although Welltower believes any forward-looking statements are based on a reasonable assumption, the company can give no assurances that projected results will be attained. Factors that could cause actual results to differ materially from those in the forward-looking statements are detailed in the company’s filings with the SEC.

And with that, I’ll hand the call over to Shankh for his remarks.

Shankh Mitra

Thank you, Matt, and good morning, everyone. I will review first quarter business trends and our capital allocation priorities. John will provide an update on the operational performance of our Senior Housing and Outpatient Medical portfolios. Nikhil will give you an update on the investment landscape. And Tim will walk you through our triple-net businesses, balance sheet highlights and guidance update....

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