WelltowerNYSE: WELL

Welltower Inc. announced impressive results for the third quarter, with a 24.1% rise in revenue and a better financial situation, although this growth might already be reflected in the stock price. The company's same-store net operating income and senior housing portfolio experienced notable growth, and the forecast for 2024 has been adjusted upwards, suggesting ongoing progress. However, I remain cautious because of the high debt and current valuation, which leads me to maintain a hold rating.

Welltower, Inc. is a real estate investment trust (REIT) that specializes in senior housing and healthcare properties, taking advantage of the growing elderly population, but it currently has a low dividend yield of 2%. The dividend has dropped from $3.48 per share between 2017 and 2019 to $2.44 in 2023, even though the company has seen revenue improve after the COVID pandemic. There are worries about low property yields, risks from debt, and dependence on private-pay residents, which could hinder future dividend increases.

Welltower Inc. (NYSE: WELL) will hold its Q3 2024 Earnings Conference Call on October 29, 2024, at 9:00 AM ET. The call will feature company leaders including the CEO, COO, and CFO, along with various participants from financial institutions. The operator for the call is Brianna, who will assist attendees.

WELL's results for the third quarter show an increase in net operating income for their senior housing properties, thanks to higher revenue from each occupied room.

The financial results for Welltower (WELL) from the quarter ending in September 2024 provide insight into the company's performance. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

Welltower (WELL) reported quarterly funds from operations (FFO) of $1.11 per share, which is higher than the Zacks Consensus Estimate of $1.04 per share. This is an increase from last year's FFO of $0.92 per share.

On Monday, Welltower increased its yearly funds from operations prediction, confident in the strong demand for its assisted living and senior housing properties. The company is optimistic about the healthcare real estate investment trust's performance.

TOLEDO, Ohio, Oct. 28, 2024 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) has released a business update, which is available at: https://welltower.com/business-update-October2024. Welltower® Inc., based in Toledo, Ohio, is an S&P 500 company that is working to improve health care infrastructure. The company collaborates with top seniors housing operators, post-acute providers, and health systems to invest in the real estate needed for better care delivery and enhanced wellness.

TOLEDO, Ohio, Oct. 28, 2024 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) has shared its financial results for the quarter ending September 30, 2024. The company reported a net income of $0.73 per diluted share and a 20.7% increase in normalized funds from operations, reaching $1.11 per diluted share compared to the previous year. Additionally, Welltower's Seniors Housing Operating portfolio saw a significant 23.0% growth in same store net operating income, contributing to an overall 12.6% increase in total portfolio performance.