Welltower Raises 2023 Guidance and Issues Business Update

Rhea-AI Summary

Welltower revises 2023 outlook, expects normalized funds from operations in range of $3.43 - $3.56 per diluted share.

Positive

• Welltower expects an increase in normalized funds from operations, with a range of $3.43 - $3.56 per diluted share.

Negative

• None.

TOLEDO, Ohio, June 6, 2023 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) today announced that it has revised its 2023 outlook. The Company now expects to achieve normalized funds from operations in a range of $3.43 - $3.56 per diluted share as compared to previous guidance of $3.39 - $3.54 per diluted share.  Additional details regarding the Company's updated guidance and other recent developments are contained in the following Business Update presentation:

https://welltower.com/june52023-business-update

About Welltower

Welltower® Inc. (NYSE: WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers, and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada, and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. More information is available at www.welltower.com.

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SOURCE Welltower Inc.

FAQ

What is Welltower's revised 2023 outlook?

Welltower expects normalized funds from operations in a range of $3.43 - $3.56 per diluted share.

What was the previous guidance for Welltower's 2023 outlook?

The previous guidance was $3.39 - $3.54 per diluted share.

Where can I find more details about Welltower's updated guidance?

You can find more details in the Business Update presentation at https://welltower.com/june52023-business-update.