Welltower Raises 2024 Guidance and Issues Business Update

Rhea-AI Summary

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.

Positive

• Revised 2024 guidance for normalized FFO increased to $4.05 - $4.17 per diluted share.
• Previous guidance was $4.02 - $4.15 per diluted share, indicating improved performance expectations.

Negative

• The adjustment in guidance is relatively modest, suggesting only a slight improvement in expected performance.

News Market Reaction – WELL

+0.38%

1 alert

+0.38% News Effect

On the day this news was published, WELL gained 0.38%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TOLEDO, Ohio, June 3, 2024 /PRNewswire/ -- Welltower^® Inc. (NYSE: WELL) today announced that it has revised its 2024 outlook. The Company now expects to achieve normalized funds from operations attributable to common stockholders in a range of $4.05 - $4.17 per diluted share as compared to previous guidance of $4.02 - $4.15 per diluted share.  Additional details regarding the Company's updated guidance and other recent developments are contained in the following Business Update presentation:

https://welltower.com/june2024-business-update

About Welltower

Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.

 

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SOURCE Welltower Inc.

FAQ

What is Welltower's updated 2024 FFO guidance?

Welltower's updated 2024 FFO guidance is between $4.05 and $4.17 per diluted share.

What was Welltower's previous FFO guidance for 2024?

Welltower's previous FFO guidance for 2024 was between $4.02 and $4.15 per diluted share.

Where can I find Welltower's June 2024 Business Update?

Welltower's June 2024 Business Update presentation is available on their website at https://welltower.com/june2024-business-update.