WELL Earnings Prediction
The chart below shows how WELL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WELL sees a -1.93% change in stock price 10 days leading up to the earnings, and a +2.97% change 10 days following the report. On the earnings day itself, the stock moves by +0.55%. This data can give you a slight idea of what to expect for the next quarter's release.
WELL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.06B
23.69%
12.65%
Gross Margin
21.36%
8.43%
17.56%
Operating Margin
16.39%
13.98%
34.68%
Net Margin
8.98%
134.46%
74.03%
EPS
0.73
204.17%
73.81%
No Data Available
WELL Earnings Analysis
Welltower Inc. Corporation (WELL.N) Earnings Conference Call
Positive
FFO Per Share Increase: The company reported a 21% increase in FFO per share, reflecting the extraordinary strength of its platform.
Record Quarterly Revenue: This quarter marks the first time in the company's history that quarterly revenue exceeded $2 billion.
Same-Store NOI Growth: Year-over-year same-store NOI growth came in at 23%, marking eight consecutive quarters of growth exceeding 20%.
Investment Activity Update: The company announced another $1.2 billion in transaction activity completed or under contract since the last quarterly update, bringing total year-to-date investment activity to over $6 billion.
Cash and Restricted Cash: The company ended the quarter with $3.8 billion of cash and restricted cash from the balance sheet.
Negative
Same-Store NOI Decline: Year-over-year same-store NOI growth came in at 2.3%, marking a decline from previous quarters.
Profitability Decline Despite Growth: Despite a 21% increase in FFO per share, the company reported a net income of only $0.73 per diluted share, indicating a significant drop in profitability.
Same-Store NOI Increase: The company experienced a 12.6% year-over-year increase in total portfolio same-store NOI, but this was below market expectations.
Operating Expenses Impact: Operating expenses increased by 5% year-over-year, contributing to a tighter margin despite revenue growth.
Cost Management Challenges: The spread between RevPOR and ExpPOR remains historically wide, indicating ongoing cost management challenges.
WELL FAQs
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WELL Earning Call Sentiment
Welltower Inc. (WELL) Q3 2024 Earnings Call Transcript
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WELL.N
0.43%Positive
The earnings call highlights strong financial performance with record revenue, significant same-store NOI growth, and a 20.7% increase in FFO per share. The transition of assets and tech platform rollout are strategic positives. Despite concerns about debt maturities and labor shortages, management's focus on growth and improved cash flow per share is promising. The Q&A section provided clarity on margins and growth, enhancing the positive sentiment. The lack of explicit shareholder return plans is a minor concern, but overall, the company's outlook and strategic initiatives suggest a positive stock price movement.
