Welltower Q3 Normalized FFO Per Share $0.92 Up From $0.84 YoY, Sales $1.66B Beat $1.622B Estimate
Portfolio Pulse from Benzinga Newsdesk
Welltower (NYSE:WELL) reported Q3 Normalized FFO of $0.92 per share, a 9.52% increase YoY. The company's quarterly sales of $1.66 billion beat the analyst consensus estimate of $1.622 billion by 1.96%, marking a 12.75% increase YoY.
October 30, 2023 | 8:14 pm
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POSITIVE IMPACT
Welltower's Q3 results exceeded expectations with a YoY increase in Normalized FFO and sales beating estimates.
Welltower's Q3 results showed a significant YoY increase in Normalized FFO and sales, which exceeded analyst estimates. This positive financial performance is likely to boost investor confidence and could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100