Welltower Q1 2024 FFO $1.01 Beats $0.95 Estimate, Sales $1.859B Beat $1.806B Estimate
Portfolio Pulse from Benzinga Newsdesk
Welltower (NYSE:WELL) reported Q1 2024 FFO of $1.01 per share, surpassing the $0.95 estimate, with sales of $1.859B exceeding the $1.806B forecast, marking a 19.09% increase from the previous year.
April 29, 2024 | 8:23 pm
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POSITIVE IMPACT
Welltower's Q1 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year sales increase.
Welltower's better-than-expected Q1 2024 FFO and sales figures, along with a notable year-over-year sales growth, are likely to positively influence investor sentiment and potentially lead to a short-term uptick in WELL's stock price. The earnings beat by 6.32% and the sales beat by 2.93%, coupled with a 19.09% increase in sales from the previous year, underscore the company's strong performance and operational efficiency, which are key drivers of stock price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100