Welltower (WELL) Tops Q3 EPS by 62c, Revenues Miss

Welltower (NYSE: WELL) reported Q3 EPS of $0.77, $0.62 better than the analyst estimate of $0.15. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.07 billion.

Recent Highlights

• Reported net income attributable to common stockholders of $0.77 per diluted share
• Reported normalized FFO attributable to common stockholders of $0.84 per diluted share
• Completed $1.4 billion of pro rata dispositions at a blended yield of 5.3%
• Reported net debt to Adjusted EBITDA of 6.02x as of September 30, 2020 and enhanced near-term liquidity profile to $5.2 billion, including $2.2 billion of cash and cash equivalents as of October 26, 2020
• Total Seniors Housing Operating ("SHO") portfolio occupancy declined approximately 150 basis points during the third quarter, in line with our outlook of a decline of 125 to 175 basis points resulting in a sequential decline in SSNOI growth of (1.1)%

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

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