financetom
Business
financetom
/
Business
/
Welltower forecasts upbeat annual FFO on resilient demand for senior housing
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Welltower forecasts upbeat annual FFO on resilient demand for senior housing
Feb 11, 2025 2:25 PM

Feb 11 (Reuters) - Welltower ( WELL ) forecast annual funds from operations (FFO) above

estimates on Tuesday, betting on strong demand for the healthcare real estate investment trust's

assisted living and senior housing properties.

The company sees 2025 normalized FFO, a key performance measure for REITs, in the range of

$4.79 to $4.95 per share, above analysts' average estimate of $4.79 apiece, according to data

compiled by LSEG.

The REIT owns housing, outpatient medical centers and healthcare properties with a focus on

older adults and assisted living. It operates in the United States, Canada and the UK.

It posted quarterly normalized FFO of $1.13 per share in the quarter ended December 31, an

increase of 17.7% over the previous year.

The demand for senior housing has been growing due to an aging population in the U.S. and a

rise in senior citizens' healthcare expenditures.

Welltower's ( WELL ) same-store net operating income from its senior housing properties rose 23.9% in

the fourth quarter.

The Ohio-based company posted a net profit of 19 cents per share, compared with a net profit

of 15 cents per share reported a year earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Matador Resources Launches Stock Offering
Matador Resources Launches Stock Offering
Mar 25, 2024
04:50 PM EDT, 03/25/2024 (MT Newswires) -- Matador Resources ( MTDR ) said late Monday it has launched a public offering of 5.25 million shares, with JPMorgan and BofA Securities as underwriters. The company plans to use the net proceeds for general corporate purposes. Its shares were down about 2.3% in after-hours activity. Price: 66.83, Change: -1.72, Percent Change: -2.51...
Leggett & Platt Amends Revolving Credit Facility
Leggett & Platt Amends Revolving Credit Facility
Mar 25, 2024
04:49 PM EDT, 03/25/2024 (MT Newswires) -- Leggett & Platt ( LEG ) said Monday it has amended its existing revolving credit facility for additional borrowing capacity. The amendment raised the leverage ratio under the financial covenant from 3.50 to 1 to a ratio of 4 to 1 for every end of the quarter, starting March 31, 2024, and ending...
Sonida Senior Living Insider Bought Shares Worth $5,000,002, According to a Recent SEC Filing
Sonida Senior Living Insider Bought Shares Worth $5,000,002, According to a Recent SEC Filing
Mar 25, 2024
04:46 PM EDT, 03/25/2024 (MT Newswires) -- Sam Levinson, 10% Owner, on March 22, 2024, executed a purchase for 526,316 shares in Sonida Senior Living ( SNDA ) for $5,000,002. Following the Form 4 filing with the SEC, Levinson has control over a total of 2,449,593 shares of the company, with 2,449,593 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1043000/000153949724000751/xslF345X03/ownership.xml ...
IBEX Reports Results For The Second Quarter And Six Months Ending Jan. 31, 2024
IBEX Reports Results For The Second Quarter And Six Months Ending Jan. 31, 2024
Mar 25, 2024
04:47 PM EDT, 03/25/2024 (MT Newswires) -- IBEX Technologies Inc. ( IBXNF ) Monday reported its financial results for the second quarter and the six months ending Jan. 31, 2024. We were pleased to see revenues continue to increase as Q2 revenues were up 12% versus a year ago and the six-month revenues up 15%. The increase in revenues can...
Copyright 2023-2026 - www.financetom.com All Rights Reserved