Welltower touts low leverage, good balance sheet after ‘serious work’

By Devika Patel

Knoxville, Tenn., March 7 – Welltower Inc. has a “strong” balance sheet following “some serious work” on both the left side and right side of the balance sheet, and also has “one of the lowest” leverage position among large cap REITs.

“We have a strong balance sheet [and] one of the lowest leverage positions of any of the large cap REITs and that gives us optionality in an environment like this where we’re starting to see some dislocation in the frothy buying market that we’ve been experiencing over the last couple of years,” chief executive officer Tom DeRosa said at the Citi 2018 Global Property CEO Conference in Hollywood, Fla., on Wednesday.

“We have done some serious work on the left side of the balance sheet and that’s come to an end and we’ve done some serious work on the right side of the balance sheet, so I think we’re in a very good position to grow today,” he said.

The Toledo, Ohio-based real estate investment trust invests in senior housing and health care real estate.

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