Besides Wall Street's top -and-bottom-line estimates for Welltower (WELL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
A rise in healthcare spending by senior citizens, capital-recycling efforts and a healthy balance sheet are likely to support WELL.
WELL's senior housing operating portfolio is well-positioned to capitalize on an aging population and a rise in senior citizens' healthcare expenditures.
WELL's seniors housing operating portfolio is set to benefit from the aging population and rising healthcare spending. However, high competition is a concern.
Welltower Inc. has seen a 49% stock increase and a steady 2% dividend over the past year, outperforming the REIT sector significantly. Despite favorable demographic trends and a solid portfolio, Welltower's AFFO growth per share has been lackluster, raising concerns about future dividend growth. The company's current valuation appears high, with a forward P/AFFO and P/FFO well above sector medians, suggesting limited upside potential.
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 Inc. (NYSE:WELL ) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Matthew McQueen - General Counsel Shankh Mitra - Chief Executive Officer John Burkart - Chief Operating Officer Timothy McHugh - Chief Financial Officer Nikhil Chaudhri - Chief Investment Officer Conference Call Participants Jonathan Hughes - Raymond James Vikram Malhotra - Mizuho Nicholas Yulico - Scotiabank Joshua Dennerlein - Bank of America Michael Griffin - Citi Michael Carroll - RBC Capital Markets Juan Sanabria - BMO Capital Markets Michael Mueller - JPMorgan James Kammert - Evercore ISI Ronald Kamdem - Morgan Stanley Rich Anderson - Wedbush Austin Wurschmidt - KeyBanc Capital Markets Omotayo Okusanya - Deutsche Bank Wesley Golladay - Baird Emily Meckler - Green Street Operator Thank you for standing by. My name is Kayla and I will be your conference operator today.
Welltower's (WELL) Q2 earnings outshine estimates driven by a rise in revenues. SHO portfolio occupancy improves year over year.
The headline numbers for Welltower (WELL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.