earnings
confidence high
sentiment positive
materiality 0.80
Welltower Q1 normalized FFO $1.01, up 18.8% YoY; raises 2024 guidance
WELLTOWER INC.
2024-Q1 EPS reported
$0.22
revenue$1,859,741,000
- Net income $0.22/diluted share; normalized FFO $1.01/diluted share, up 18.8% YoY.
- Total same-store NOI +12.9%; Seniors Housing Operating same-store NOI +25.5% on 10.3% revenue growth.
- Q1 pro rata gross investments $449M; subsequent $2.6B in acquisitions/loans including $969M Affinity Living.
- 2024 normalized FFO guidance raised to $4.02-$4.15 per share (prior $3.94-$4.10).
- Dividend $0.61/share declared; net debt/Adj EBITDA improved to 4.03x; liquidity ~$6.5B.