earnings
confidence high
sentiment positive
materiality 0.85
Welltower Q3 net income $0.73/sh, normalized FFO $1.11/sh (+20.7% YoY), raises 2024 guidance
WELLTOWER INC.
2024-Q3 EPS reported
$1.39
revenue$5,740,288,000
- Net income $0.73 diluted EPS; normalized FFO $1.11 diluted EPS (up 20.7% YoY).
- Total portfolio same-store NOI growth of 12.6%, led by Seniors Housing Operating +23.0% SSNOI.
- Board approved 10% dividend increase to $0.67/share; payable Nov 21 to holders of record Nov 13.
- Completed $2.4B pro rata gross investments in Q3, incl. $2.2B acquisitions/loan funding; net debt/EBITDA improved to 3.73x from 5.14x.
- Raised FY2024 normalized FFO guidance to $4.27-$4.33/sh (from $4.13-$4.21) and net income guidance to $1.75-$1.81/sh (from $1.52-$1.60).