Welltower (WELL) came out with quarterly funds from operations (FFO) of $1.05 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to FFO of $0.90 per share a year ago.
Welltower raised its annual funds from operations (FFO) forecast on Monday, betting on steady demand for the healthcare real estate investment trust's assisted living and senior housing properties.
Beyond analysts' top -and-bottom-line estimates for Welltower (WELL), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Welltower (WELL) is likely to gain from a rise in healthcare spending by senior citizens and capital recycling activities. However, a high interest rate environment adds to its woes.
Welltower (WELL) is likely to benefit from the rise in senior citizens' healthcare spending, restructuring initiatives and capital-recycling efforts. However, high interest rates are concerning.
Real Estate Investment Trusts have struggled with interest rate hikes, but Welltower has outperformed, with a 31% return since September 2023. Welltower operates a wide portfolio of senior housing and medical facilities, with plans for growth and increased occupancy rates. Financially, Welltower has seen revenue growth, increased investments, and a safe dividend, but trades at a high valuation with potential risks ahead.
Welltower (WELL) increases its 2024 normalized FFO per share guidance range, backed by robust and accretive capital deployment activity. It also announces a 10% dividend hike.
Welltower (WELL) reported earnings 30 days ago. What's next for the stock?
A rise in healthcare spending by senior citizens and capital recycling activities are likely to continue driving Welltower's (WELL) performance despite the high interest rate environment.