Welltower Q2 normalized FFO $1.05, up 16.7% YoY; dividend raised 10% to $0.67

WELLTOWER INC.

2024-Q2 EPS reported $0.65 revenue$3,684,625,000

Net income $0.42 diluted EPS; normalized FFO $1.05, up 16.7% YoY (19.3% excl. subsidies).
Same-store NOI growth 11.3%, led by Seniors Housing Operating (+21.7%).
Raised 2024 normalized FFO guidance to $4.13–$4.21 from $4.05–$4.17; net income guidance raised to $1.52–$1.60.
Dividend increased 10% to $0.67/share, payable Aug 21, 2024, record Aug 12, 2024.
Closed $5.0B expanded revolving credit facility; net debt/EBITDA 3.68x; credit outlook positive.

item 1.01 item 2.02 item 5.02 item 7.01 item 9.01

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Appointed

Andrew Gundlach

Director

WELL · WELLTOWER INC.

Effective: 2024-07-29
Filed: July 29, 2024, 7:59 PM ET

On July 29, 2024 , the Board of Directors (the “Board”) of Welltower Inc. elected Andrew Gundlach to the Board to fill the vacancy created by the departure of Philip Hawkins, as disclosed on March 25, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Gundlach was elected as Director at WELLTOWER INC..

Action: elected
Role: Director

Exact text from the filing

On July 29, 2024 , the Board of Directors (the “Board”) of Welltower Inc. elected Andrew Gundlach to the Board to fill the vacancy created by the departure of Philip Hawkins, as disclosed on March 25, 2024.

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WELLTOWER INC. filing history →

Source: SEC EDGAR

accession 0000766704-24-000030

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