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Welltower (WELL)
NYSE:WELL
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.41Last Year’s EPS
0.22Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 4.83%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive outlook for Welltower with record growth in their senior housing operating portfolio and significant acquisition activity. Challenges are noted in the U.S. commercial real estate debt market and higher expenses in the U.K., but these are offset by the company's operational improvements and financial performance.Company Guidance
During the Welltower Fourth Quarter 2024 Earnings Conference Call, the company provided optimistic guidance for 2025, highlighting several key metrics and achievements. The company reported a strong 18% year-over-year increase in normalized FFO per share, driven by its senior housing operating portfolio, which saw a 24% same-store NOI growth. Notably, Welltower achieved a 23% revenue growth and a 26% EBITDA growth for the full year of 2024. The SHARP portfolio reported a sequential same-store occupancy growth of 120 basis points in Q4 and 310 basis points year over year, marking a significant milestone as occupancy grew during the typically slow holiday season. Looking ahead, Welltower expects further occupancy growth in 2025, driven by favorable market conditions and strategic capital deployment. The company completed $2.2 billion in transactions during the fourth quarter and anticipates robust investment activity, with $2 billion already under contract in early 2025. Additionally, Welltower noted ongoing improvements in operating margins, achieving a 320 basis point expansion, and expects further enhancements supported by its operating platform build-out.Record Growth in Senior Housing Operating Portfolio
The senior housing operating portfolio achieved nearly 24% same-store NOI growth, marking the ninth consecutive quarter of net operating income growth exceeding 20%. Sequential occupancy growth was 120 basis points, defying typical seasonal trends.
Strong Financial Performance
Welltower reported a 17.7% year-over-year growth in normalized funds from operations, with a 23% revenue growth, 26% EBITDA growth, and nearly 20% FFO per share growth for the full year 2024.
Significant Acquisition Activity
Closed $2.2 billion of transactions in Q4 2024, with a robust pipeline of $2 billion of acquisitions already under contract in 2025, demonstrating strong market position and efficient deal-making capabilities.
Operational Improvements and Margin Expansion
Achieved a 460 basis points spread between RevPAR and unit expense, the highest in recorded history, resulting in a 320 basis points expansion in operating margins for the senior housing portfolio.
Enhanced Balance Sheet and Liquidity
Net debt to adjusted EBITDA reduced to 3.5 times, with $9 billion of liquidity available, and a strong balance sheet allowing for first calls from market participants.
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WELL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WELL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $143.40 | $146.50 | +2.16% |
| Oct 28, 2024 | $129.93 | $136.66 | +5.18% |
| Jul 29, 2024 | $110.46 | $111.05 | +0.53% |
| Apr 29, 2024 | $94.18 | $93.69 | -0.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Welltower (WELL) report earnings?
Welltower (WELL) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Welltower (WELL) earnings time?
Welltower (WELL) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WELL EPS forecast?
WELL EPS forecast for the fiscal quarter 2025 (Q1) is 0.41.
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