Welltower: Q3 Earnings Snapshot
By AP News
Published - Oct 28, 2024, 04:12 PM ET
Last Updated - Oct 28, 2024, 04:12 PM EDT
TOLEDO, Ohio (AP) — TOLEDO, Ohio (AP) — Welltower Inc. (WELL) on Monday reported a key measure of profitability in its third quarter. The results surpassed Wall Street expectations.
The Toledo, Ohio-based real estate investment trust said it had funds from operations of $688.1 million, or $1.11 per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.04 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.
