Welltower (WELL) Misses Q1 EPS by 3c; raises guidance

Welltower (NYSE: WELL) reported Q1 EPS of $0.22, $0.03 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $1.81 billion.

GUIDANCE:

Welltower sees FY2024 EPS of $1.48-$1.61, versus the consensus of $1.23, from the previous range of $1.21 to $1.37 per diluted share, primarily due to a change in projected gains/losses/impairments and depreciation and amortization. We increased the guidance range of full year normalized FFO attributable to common stockholders to a range of $4.02 to $4.15 per diluted share from the previous range of $3.94 to $4.10 per diluted share.

For earnings history and earnings-related data on Welltower (WELL) click here.

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