Welltower (WELL) Q2 FFO Beat Estimates, Same Store NOI Rises

Welltower Inc.'s (WELL) second-quarter 2024 normalized funds from operations (FFO) per share of $1.05 surpassed the Zacks Consensus Estimate of$1.00. The reported figure improved 16.7% year over year. WELL recorded revenues of $1.82 billion in the quarter, missing the Zacks Consensus Estimate of$1.87 billion. However, the top line increased 9.6% year over year. The SHO portfolio's same-store revenues increased 8.6% year over year, backed by a 280-basis point uptick in occupancy and Revenue per Occupied Ro ...