Welltower said net income attributable to common stockholders was $0.73 per diluted share for Q3 2024, and normalized funds from operations (FFO) was $1.11 per diluted share, up 20.7% from a year earlier.

1. 01

   Welltower said net income attributable to common stockholders was $0.73 per diluted share for Q3 2024, and normalized funds from operations (FFO) was $1.11 per diluted share, up 20.7% from a year earlier.

2. 02

   The company said same store net operating income (SSNOI) growth for the total portfolio was 12.6% year over year in Q3, and SSNOI growth for its Seniors Housing Operating portfolio was 23.0%.

3. 03

   The company said it completed pro rata gross investments of $2.4 billion in Q3, including $2.2 billion in acquisitions and loan funding and $203 million in development funding. It also acquired 20 of the 25 age-restricted active adult communities under the Affinity Living Communities agreement for about $691 million, out of a $969 million portfolio purchase.

4. 04

   The company said it raised its full-year 2024 normalized FFO outlook to $4.27 to $4.33 per diluted share, from the previous $4.13 to $4.21. It said it adjusted its net income outlook to $1.75 to $1.81 per diluted share, from the previous $1.52 to $1.60.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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