Welltower Reports First Quarter 2019 Results
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Welltower (WELL) Tops Q1 EPS by 4c, Revenues Beat; Lowers EPS Guidance
April 30, 2019 6:34 AM EDTWelltower (NYSE: WELL) reported Q1 EPS of $0.71, $0.04 better than the analyst estimate of $0.67. Revenue for the quarter came in at $1.27 billion versus the consensus estimate of $1.23 billion.
Reported net income attributable to common stockholders of $0.71 per diluted share and normalized FFO attributable to common stockholders of $1.02 per diluted share compared to $0.99 per diluted share in 2018, representing 3% normalized FFO growthTotal portfolio SSNOI grew 3.1%, driven by Seniors Housing Operating SSNOI growth of 3.0%Completed $259 million of pro rata acquisitions in high quality real estate with an additional $519 million in pro rata... More