Welltower Issues Business Update
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Welltower (WELL) Reports Q1 Revenues of $1.258B
May 6, 2020 5:33 PM EDTWelltower (NYSE: WELL) reported Q1 revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.27 billion.
Recent Highlights
Reported net income attributable to common stockholders of $0.75 per diluted shareReported normalized FFO attributable to common stockholders of $1.02 per diluted shareCompleted pro rata dispositions of $717 million at a blended yield of 5.4%Improved net debt to Adjusted EBITDA to 5.93x at March 31, 2020 from 6.37x at December 31, 2019Reduced May 2020 dividend to 70% of pre COVID-19 levels, or $0.61 per... More