Welltower Raises FY24 Net Income From $1.45-$1.57 To $1.52-$1.60 Per Share; Raises FY24 Normalized FFO From $4.05-$4.17 To $4.13-$4.21 Per Share
Portfolio Pulse from Benzinga Newsdesk
Welltower has raised its FY24 net income guidance to $1.52-$1.60 per share and its normalized FFO guidance to $4.13-$4.21 per share. The company expects significant growth in Same Store NOI, particularly in Seniors Housing Operating. General and administrative expenses are anticipated to be $205-$211 million, with stock-based compensation at $40 million. The company also plans to fund $328 million in development and expects $643 million in disposition proceeds over the next twelve months.
July 29, 2024 | 8:13 pm
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Welltower has raised its FY24 net income and normalized FFO guidance, indicating strong financial performance and growth expectations, particularly in Seniors Housing Operating.
The raised guidance for both net income and normalized FFO suggests improved financial performance and positive growth outlook, particularly in the Seniors Housing Operating segment. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100