Welltower (WELL) Misses Q2 EPS by 5c
Welltower (NYSE: WELL) reported Q2 EPS of $0.06, $0.05 worse than the analyst estimate of $0.11.
- Reported net income attributable to common stockholders of $0.06 per diluted share
- Reported normalized FFO attributable to common stockholders of $0.79 per diluted share
- Seniors Housing Operating (\"SHO\") portfolio occupancy increased approximately 190 basis points (\"bps\") during the second quarter, exceeding our guidance of an approximate gain of 130 bps
- Completed $1.5 billion of pro rata gross investments during the second quarter
- Announced the acquisition of an 86 property seniors housing portfolio operated by Holiday Retirement for $1.58 billion. The transaction is expected to be immediately accretive to normalized funds from operations per diluted share following its anticipated closing in the third quarter
- Closed on a new $4.7 billion unsecured credit facility which includes a five bps improvement in pricing from the previous facility
- Sold 20.1 million shares of common stock under our ATM program via forward sale agreements since April 1, 2021 which are expected to generate $1.6 billion of gross proceeds and issued $500 million of 2.050% senior unsecured notes due January 2029
- Earned the 2021 ENERGY STARĀ® Partner of the Year Award for the third consecutive year and further elevated to the level of Sustained Excellence, the Environmental Protection Agency\'s highest recognition within the ENERGY STARĀ® program
For earnings history and earnings-related data on Welltower (WELL) click here.
