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Welltower (WELL) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-28 23:01
For the quarter ended September 2024, Welltower (WELL) reported revenue of $2.06 billion, up 23.7% over the same period last year. EPS came in at $1.11, compared to $0.24 in the year-ago quarter.The reported revenue represents a surprise of +5.38% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $1.04, the EPS surprise was +6.73%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...
Welltower (WELL) Q3 FFO and Revenues Top Estimates
ZACKS· 2024-10-28 22:16
Welltower (WELL) came out with quarterly funds from operations (FFO) of $1.11 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to FFO of $0.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 6.73%. A quarter ago, it was expected that this senior housing and health care real estate investment trust would post FFO of $1 per share when it actually produced FFO of $1.05, delivering a surprise of 5%. Ov ...
Welltower(WELL) - 2024 Q3 - Quarterly Results
2024-10-28 20:09
welltower 3Q24 SUPPLEMENTAL INFORMATION Table of Contents Overview1 Portfolio2 Investment6 Financial11 Glossary16 Supplemental Reporting Measures17 Forward Looking Statements and Risk Factors 21 Overview (dollars and occupancy at Welltower pro rata ownership; dollars in thousands) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|---------------------------------|------------|------------------|------------------|----------------------------------|--------------------- ...
Welltower Reports Third Quarter 2024 Results
Prnewswire· 2024-10-28 20:05
TOLEDO, Ohio, Oct. 28, 2024 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) today announced results for the quarter ended September 30, 2024.Recent Highlights Reported net income attributable to common stockholders of $0.73 per diluted share Reported quarterly normalized funds from operations attributable to common stockholders of $1.11 per diluted share, an increase of 20.7% over the prior year Reported total portfolio year-over-year same store NOI ("SSNOI") growth of 12.6%, driven by SSNOI growth in our Senior ...
What Analyst Projections for Key Metrics Reveal About Welltower (WELL) Q3 Earnings
ZACKS· 2024-10-23 14:21
Wall Street analysts forecast that Welltower (WELL) will report quarterly earnings of $1.04 per share in its upcoming release, pointing to a year-over-year increase of 13%. It is anticipated that revenues will amount to $1.95 billion, exhibiting an increase of 17.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...
Here's Why Welltower Stock is an Apt Portfolio Pick for Now
ZACKS· 2024-10-07 17:50
Welltower Inc. (WELL) owns a diversified portfolio of healthcare real estate assets in the key markets of the United States, Canada and the U.K. The favorable senior housing industry, capital-recycling efforts and a healthy balance sheet are likely to continue aiding the company to ride the growth curve. This Toledo, OH-based healthcare real estate investment trust (REIT) has gained 36.8% in the past six months compared with the industry's 13.8% growth. Analysts seem bullish on this Zacks Rank #2 (Buy) comp ...
Welltower Announces Date of Third Quarter 2024 Earnings Release, Conference Call and Webcast
Prnewswire· 2024-10-07 11:00
TOLEDO, Ohio, Oct. 7, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) today announced it will release third quarter 2024 financial results after the close of trading on the New York Stock Exchange on Monday, October 28, 2024. The Company will host a conference call and webcast on Tuesday, October 29, 2024, at 9:00 a.m. ET to discuss these results. The Company's earnings release will be available in the Investors section of the Company's website. Investors and other interested parties may access the confer ...
WELL Updates Seniors Housing NNN, Plans to Sell Brookdale Portfolio
ZACKS· 2024-10-03 18:16
Welltower Inc. (WELL) recently provided an update on the Seniors Housing Triple-Net (SH NNN) portfolio. It also plans to sell the Brookdale Portfolio for $175 million. The company is reducing SH NNN exposure to secure attractive returns for shareholders and bolster long-term growth prospects. In the recent update, Welltower noted that it has completed the conversion of five communities that were previously under a triple-net lease with Sagora to a Seniors Housing Operating (RIDEA) structure. Per the second- ...
Welltower Stock Rallies 39.1% YTD: Will It Continue to Rise?
ZACKS· 2024-09-20 14:10
Shares of Welltower (WELL) have rallied 39.1% year to date, outperforming the industry's growth of 9.9%. Welltower owns a well-diversified portfolio of healthcare real estate assets in the key markets of the United States, Canada and the U.K. Given an aging population and an expected rise in senior citizens' healthcare expenditure, Welltower's senior housing operating (SHO) portfolio and outpatient medical (OM) segment are well-poised to benefit from this positive trend. Analysts seem positive on this healt ...
Here's Why You Should Retain Welltower Stock in Your Portfolio
ZACKS· 2024-09-06 18:05
Welltower Inc.'s (WELL) senior housing operating (SHO) portfolio is well-poised to benefit from an aging population and a rise in healthcare expenditure by senior citizens. Moreover, portfolio restructuring initiatives and capital-recycling efforts augur well. However, competition in the senior housing market and high interest rates pose key concerns. The REIT, carrying a Zacks Rank #3 (Hold) at present, reported second-quarter 2024 normalized funds from operations (FFO) per share of $1.05, which surpassed ...