Welltower, Inc. ( (WELL) ) has released its Q4 earnings. Here is a breakdown of the information Welltower, Inc. presented to its investors.
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Welltower Inc., a real estate investment trust based in Toledo, Ohio, is a leading player in the healthcare infrastructure sector, focusing on seniors housing, post-acute communities, and outpatient medical properties across the U.S., Canada, and the U.K.
Welltower has reported significant growth in its fourth-quarter and annual financial results for 2024. The company saw a 17.7% increase in normalized funds from operations per share year-over-year, alongside a substantial 12.8% growth in same-store net operating income, particularly driven by its Seniors Housing Operating portfolio.
During the fourth quarter, Welltower completed $2.4 billion in investments and maintained strong liquidity with $8.7 billion available. The company launched a new private funds management business to manage up to $2 billion in investments in stable seniors housing properties. Additionally, they announced key executive promotions aimed at fostering leadership growth within the company.
The company announced an annual net income of $1.57 per diluted share and an 18.7% increase in annual normalized FFO per share. A notable strategic move was the conversion of 68 properties to Seniors Housing Operating structures, enhancing its growth potential. A 10% increase in quarterly dividends was also approved, reflecting strong financial performance and future growth confidence.
Looking forward, Welltower’s management anticipates continued growth in 2025, with an expected net income range of $1.60 to $1.76 per diluted share. The company is optimistic about its expansion in the seniors housing sector, projecting same-store NOI growth between 9.25% and 13.00% and focusing on strategic investments and developments to sustain its robust performance.
