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Welltower has revised its 2024 guidance, raising expectations for normalized funds from operations (FFO) attributable to common stockholders to a range of $4.05 - $4.17 per diluted share. This is an adjustment from the previous guidance of $4.02 - $4.15 per diluted share. The company shared additional details and other recent developments through a Business Update presentation available on their website.
Welltower announced a 10% increase in its quarterly dividend to $0.67 per share starting from Q2 2024. This marks the first dividend increase since 2017 and reflects the company's solid financial performance and growth prospects. CEO Shankh Mitra highlighted strong cash flow growth and a robust investment pipeline, with nearly $4.0 billion of investments closed or under contract in 2024, compared to $5.0 billion in 2023. The company has also strengthened its balance sheet, ensuring significant liquidity and financial flexibility.
Welltower® Inc. (WELL) has issued a business update outlining key developments and strategies for the future. The update can be accessed on the company's website.
Welltower Inc. (NYSE: WELL) reported strong financial results for Q1 2024, with a net income per diluted share of $0.22 and an 18.8% increase in normalized FFO per diluted share. The company achieved a 12.9% SSNOI growth in its Seniors Housing Operating portfolio. Additionally, Welltower improved its net debt to Adjusted EBITDA ratio to 4.03x and has $6.5 billion in available liquidity.