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NEW YORK - Welltower Inc. (NYSE:WELL) shares gained 2.8% in after-hours trading on Monday after the healthcare real estate investment trust reported first quarter results that beat revenue expectations and raised its full-year earnings guidance.
The Toledo, Ohio-based company reported first quarter normalized funds from operations (FFO) of $1.20 per diluted share, up 18.8% year-over-year and in line with analyst estimates. Revenue rose 30.3% to $2.42 billion, surpassing the consensus forecast of $2.34 billion.
Welltower’s same-store net operating income grew 12.9% compared to the prior year quarter, driven by 21.7% growth in its seniors housing operating portfolio. The company cited strong occupancy gains and revenue per occupied room growth outpacing expense growth.
Looking ahead, Welltower raised its full-year 2025 earnings per share guidance to a range of $1.70 to $1.84, up from its previous outlook of $1.60 to $1.76 and above the analyst consensus of $1.66. The company also increased its normalized FFO guidance to $4.90 to $5.04 per share.
The positive outlook reflects management’s confidence in sustained occupancy and rate growth in its seniors housing portfolio. Welltower’s shares have gained over 30% year-to-date as the company benefits from an aging population driving demand for senior care facilities.
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