Welltower Reports Second Quarter 2019 Results
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Welltower (WELL) Misses Q2 EPS by 16c, Revenues Beat; Raises FY19 EPS Guidance
July 31, 2019 4:56 PM EDTWelltower (NYSE: WELL) reported Q2 EPS of $0.34, $0.16 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.27 billion.
Quarterly Highlights
Reported net income attributable to common stockholders of $0.34 per diluted share and normalized FFO attributable to common stockholders of $1.05 per diluted share compared to $1.00 per diluted share in 2018, representing 5% normalized FFO growthGrew total portfolio SSNOI by 3.1%, driven by consistent performance across all property typesCompleted $2.4 billion of pro rata acquisitions across eight separate transactions at a blended yield of 5.4% and $152 million in... More