04:47 PM EDT, 07/29/2024 (MT Newswires) -- Welltower ( WELL ) reported Q2 normalized funds from operations late Monday of $1.05 per diluted share, compared with $0.90 a year earlier.

Analysts polled by Capital IQ expected $1.

Revenue for the quarter ended June 30 was $1.82 billion, compared with $1.67 billion a year earlier.

Four analysts polled by Capital IQ expected $1.9 billion.

The property manager said it now projects a full-year 2024 normalized FFO of $4.13 to $4.21, up from its prior guidance of $4.05 to $4.17. Analysts polled by Capital IQ expect $4.10.

The company said its board raised the quarterly dividend by 10% to $0.67 per share, payable Aug. 21 to shareholders of record on Aug. 12.