Welltower reported strong Q1 2025 financial results, with net income of $0.40 per diluted share and normalized funds from operations of $1.20 per diluted share, marking an 18.8% year-over-year increase.
Key highlights:Total portfolio same-store NOI growth of 12.9%, driven by Seniors Housing Operating portfolio growth of 21.7%
Seniors Housing revenue increased 9.6%, supported by 400 basis points occupancy growth
Completed $2.8 billion in investments, including $2.7 billion in acquisitions
Announced agreement to acquire 38 luxury senior housing communities and 9 development parcels for C$4.6 billion
Improved financial strength with net debt to Adjusted EBITDA reducing to 3.33x from 4.03x year-over-year
Credit rating upgrades from S&P to "A-" and Moody's to "A3"
2025 outlook revised upward with normalized FFO guidance increased to $4.90-$5.04 per diluted share, supported by expected same-store NOI growth of 10.00-13.25%.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.