Welltower: Q1 Earnings Snapshot
By Ap News
Published - Apr 29, 2024, 04:30 PM ET
Last Updated - May 27, 2024, 01:05 AM EDT
TOLEDO, Ohio (AP) — TOLEDO, Ohio (AP) — Welltower Inc. (WELL) on Monday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.
The real estate investment trust, based in Toledo, Ohio, said it had funds from operations of $585.2 million, or $1.01 per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 94 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
