earnings
confidence high
sentiment positive
materiality 0.75
Welltower reports Q3 normalized FFO $0.84, up 5%; authorizes $3B buyback
WELLTOWER INC.
2022-Q3 EPS reported
$0.32
revenue$4,342,084,000
- Net loss of $0.01 per diluted share; normalized FFO of $0.84 per share, up 5.0% YoY.
- Total portfolio same-store NOI growth of 7.2%; Seniors Housing Operating same-store NOI growth of 17.6%.
- Board authorized $3B share repurchase program and $3B ATM program for common stock.
- Q4 guidance: net income $0.08-$0.13 per share; normalized FFO $0.80-$0.85 per share.
- Completed $1.1B of gross investments in Q3; reduced variable rate debt by $817M post-quarter.