Welltower (WELL) Misses Q4 EPS by 27c, Revenues Beat; Raises FY19 EPS Outlook

Welltower (NYSE: WELL) reported Q4 EPS of $0.27, $0.27 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $1.24 billion versus the consensus estimate of $1.23 billion.

"Welltower delivered strong operating results in both the fourth quarter of 2018 and for the full year driven by consistent performance across all operating segments," commented Tom DeRosa, Welltower's Chief Executive Officer. "2018 represented a significant turning point towards growth for Welltower as we completed more than $4 billion of accretive investments, demonstrating the success of our differentiated strategy and ability to compete on capabilities to deploy capital at attractive returns and drive future cash flow growth. Furthermore, our commitment to sustainability, diversity and governance enhances our world-class platform that continues to deliver long-term value to shareholders."

GUIDANCE:

Welltower sees FY2019 EPS of $2.70-$2.85, versus the consensus of $1.60.

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

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