Welltower Inc. (WELL) CEO Shankh Mitra on Q1 2021 Results - Earnings Call Transcript

Apr. 29, 2021 4:14 PM ETWelltower Inc. (WELL) StockWELL1 Comment
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Q1: 2021-04-28 Earnings Summary

EPS of $0.17 beats by $0.01
 | Revenue of $1.05B (-16.41% Y/Y) misses by $23.95M

Welltower Inc. (NYSE:WELL) Q1 2021 Earnings Conference Call April 29, 2021 9:00 AM ET

Company Participants

Matt McQueen - General Counsel
Shankh Mitra - CEO and CIO
Timothy McHugh - EVP and CFO

Conference Call Participants

Rich Anderson - SMBC
Jordan Sadler - KeyBanc
Nick Joseph - Citi
Vikram Malhotra - Morgan Stanley
Derek Johnston - Deutsche Bank
Michael Carroll - RBC Capital Markets
Jonathan Hughes - Raymond James
Mike Mueller - JPMorgan
Juan Sanabria - BMO Capital Markets
Connor Siversky - Berenberg
Steven Valiquette - Barclays
Omotayo Okusanya - Mizuho
Nick Yulico - Scotiabank
Lukas Hartwich - Green Street
Daniel Bernstein - Capital One
Lukas Hartwich - Green Street

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2021 Welltower Inc. Earnings Conference Call. [Operator Instructions]

It is now my pleasure to introduce General Counsel, Matt McQueen.

Matt 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 reasonable assumptions, the company can give no assurances that its 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?

Shankh Mitra

Thank you, Matt, and good morning, everyone. I hope that all of you and your families are safe and healthy during these extraordinary times.

I'll make some introductory comments on the state of senior housing business, our ongoing alignment efforts with our operating partners, and we will also provide a detailed perspective on our current thoughts related to capital allocation. Tim will then get

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