Welltower Q4 normalized FFO $0.96 (+15.7% YoY); 2024 guidance $3.94-$4.10

WELLTOWER INC.

2023-FY EPS reported $0.66 revenue$6,637,995,000

Q4 net income $0.15/diluted share; normalized FFO $0.96, up 15.7% YoY.
Total same-store NOI +12.5%; Seniors Housing Operating NOI +23.7% with 290bps margin expansion.
Q4 gross investments $3.0B ($2.8B acquisitions); 2023 total $5.9B at discounts to replacement cost.
Net debt/EBITDA improved to 5.03x; variable debt reduced to 8.7% of total. Liquidity $6.1B.
2024 guidance: normalized FFO $3.94-$4.10; SSNOI growth 8.25%-11.5%. Post-quarter announced $969M Affinity acquisition.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

WELLTOWER INC. reported financial results for fourth quarter ended December 31, 2023.

Period: fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 13, 2024 , Welltower Inc. (the “Company”) issued a press release that announced operating results for its fourth quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0000766704-24-000004

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