Have you been eager to see how Welltower Inc. performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Toledo, OH-based, real estate investment trust’s (“REIT”) earnings release this morning:
A FFO Beat
Welltower came out with normalized funds from operations (“FFO”) per share of $1.10, beating the Zacks Consensus Estimate of $1.08.
Results were positively impacted by healthy same store net operating income (“NOI”) growth.
How Was the Earnings Surprise Trend?
Welltower has a decent earnings surprise history. Before posting a beat in Q4, the company delivered positive surprises in all four trailing quarters, with an average positive surprise of 0.88%.
Revenue Beat
Welltower posted revenues of around $1.08 billion, which came in higher than both the Zacks Consensus Estimate and the prior year-quarter’s tally of $1.03 billion.
Key Developments to Note
Welltower has provided guidance for 2017. The company expects normalized FFO per share in a range of $4.15–$4.25 for 2017. Also, the company anticipates its 2017 same store cash NOI growth to remain in the range of 2–3%.
Further, in sync with its strategic repositioning of its premier health care portfolio, the company expects 2017 disposition to be around $2 billion.
What Zacks Rank Says
Welltower currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Welltower earnings report later!
Note: All EPS numbers presented in this write-up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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Welltower's (HCN) Q4 FFO & Revenues Beat Estimates
Have you been eager to see how Welltower Inc. performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Toledo, OH-based, real estate investment trust’s (“REIT”) earnings release this morning:
A FFO Beat
Welltower came out with normalized funds from operations (“FFO”) per share of $1.10, beating the Zacks Consensus Estimate of $1.08.
Results were positively impacted by healthy same store net operating income (“NOI”) growth.
How Was the Earnings Surprise Trend?
Welltower has a decent earnings surprise history. Before posting a beat in Q4, the company delivered positive surprises in all four trailing quarters, with an average positive surprise of 0.88%.
Welltower Inc. Price and EPS Surprise
Welltower Inc. Price and EPS Surprise | Welltower Inc. Quote
Revenue Beat
Welltower posted revenues of around $1.08 billion, which came in higher than both the Zacks Consensus Estimate and the prior year-quarter’s tally of $1.03 billion.
Key Developments to Note
Welltower has provided guidance for 2017. The company expects normalized FFO per share in a range of $4.15–$4.25 for 2017. Also, the company anticipates its 2017 same store cash NOI growth to remain in the range of 2–3%.
Further, in sync with its strategic repositioning of its premier health care portfolio, the company expects 2017 disposition to be around $2 billion.
What Zacks Rank Says
Welltower currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Welltower earnings report later!
Note: All EPS numbers presented in this write-up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>