earnings
confidence high
sentiment positive
materiality 0.85
Welltower Q3 normalized FFO $0.92; total same-store NOI +14.1%; lifts FY23 guidance
WELLTOWER INC.
2023-Q3 EPS reported
$0.50
revenue$4,888,220,000
- Q3 net income $0.24/diluted share; normalized FFO $0.92/diluted share.
- Total portfolio same-store NOI grew 14.1% YoY; Seniors Housing Operating SSNOI up 26.1%.
- Completed $1.4B in acquisitions/loan funding in Q3; YTD gross investments $3.0B (excl. development).
- Raised FY 2023 normalized FFO guidance to $3.59-$3.63 per share from $3.51-$3.60.
- Net debt to Adjusted EBITDA improved to 5.14x from 6.93x; available liquidity $6.7B.