Entering text into the input field will update the search result below

Shots fired at REITWeek: Welltower CEO questions spinoffs

Jun. 08, 2016 3:59 PM ETWelltower Inc. (WELL) StockDOC, WELL, VTR, SBRABy: Stephen Alpher, SA News Editor24 Comments
  • "[We] will not hand you a leaking, steaming bag of real estate and say, 'Here, you go, do what you want to do with it,'" says Welltower (HCN +1.6%) CEO Tom DeRosa at REITWeek, giving his take on HCP's (HCP +0.9%) planned spinoff of HCR ManorCare (or VTR's spin of CCP).
  • If the properties are a headache, says DeRosa, it's a REIT manager's job to sell them and put the capital into better investments.
  • HCP CEO Lauralee Martin counters that a sale wouldn't capture the full value of the assets, and she suggests a focused spin may have ways of dealing with the troubled tenant. "Anybody can sell garbage, but the real question is, what if it's worth more than that?"

Recommended For You

About WELL Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
WELL--
Welltower Inc.