secwatch.observer — SEC 8-K summary
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Issuer:     WELLTOWER INC. (WELL)
CIK:        0000766704
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000766704-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766704/000076670424000004/0000766704-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766704/000076670424000004/well-20240213.htm
  HTML page:      https://secwatch.observer/filing/0000766704-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer