- Welltower (NYSE:WELL) Q3 normalized FFO per share of 84 cents beats the average analyst estimate of 81 cents and declined from $1.05 in the year-ago quarter.
- Q3 total revenue of $1.04B vs. consensus of $1.15B and $1.27B a year ago.
- Q2 total expenses of $1.12B vs. $1.19B a year ago.
- Seniors Housing Operating portfolio occupancy declined ~150 basis points during Q3, in line with its outlook of a decline of 125 to 175 basis points resulting in a sequential decline in SSNOI growth of -1.1%.
- Month-to-date, through Oct. 23, 2020, total SHO portfolio occupancy declined by ~30 bps; sees total SHO portfolio spot occupancy declining 75-125 bps in Q4 relative to Sept. 30, 2020.
- Collected 98% of rent due in Q3 from operators under triple-net lease agreements. In the Outpatient Medical segment, WELL either collected or approved short-term deferrals for more than 99% of rent due in Q3, consisting of 97% cash collections and 2% short-term deferrals.
- Conference call on Oct. 29 at 9:00 AM ET.
- https://seekingalpha.com/news/3627779-welltower-q3-beats-consensus-shop-occupancy-continues-falling
Wednesday, October 28, 2020
Welltower Q3 beats consensus; SHOP occupancy continues falling
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.