---
schema_version: "secwatch.filing_event.v1"
accession: "0000766704-24-000004"
form_type: "8-K"
ticker: "WELL"
cik: "0000766704"
company_name: "WELLTOWER INC."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:57:30.685548+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000766704-24-000004
- form_type: 8-K
- ticker: WELL
- cik: 0000766704
- company_name: WELLTOWER INC.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766704/000076670424000004/0000766704-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766704/000076670424000004/well-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766704-24-000004
- JSON: https://secwatch.observer/filing/0000766704-24-000004.json
- Plain text: https://secwatch.observer/filing/0000766704-24-000004.txt

## Key facts
- Earnings Releases
  WELLTOWER INC. reported financial results for fourth quarter ended December 31, 2023.
  - Period: fourth quarter ended December 31, 2023
  - Result: reported results
  source text: On February 13, 2024 , Welltower Inc. (the “Company”) issued a press release that announced operating results for its fourth quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/766704/000076670424000004/0000766704-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.