Welltower Reports Second-Quarter Results; Solid Performance While Sticking to Its Guns
Welltower reported second-quarter earnings, resulting in normalized funds from operations per share of $1.15, up 6% year over year. Same-store net operating income increased 3.3% overall, mainly benefiting from 4% growth in its senior housing operating portfolio on both an increase in revenue per occupied room of 3.8% and a 100-basis-point increase in occupancy year over year. Similarly, the firm's other segments posted steady results: Senior housing triple-net, post-acute, and outpatient medica...Welltower is a real estate investment trust. The company's segments are: Seniors Housing Operating, which includes seniors apartments, independent living and independent supportive living, continuing care retirement communities, Alzheimer's/dementia care, and care homes with or without nursing; Triple-net, which includes independent living and independent supportive living, continuing care retirement communities, Alzheimer's/dementia care and care homes with or without nursing, as well as long-term/post-acute care; and Outpatient Medical, which consists of outpatient medical buildings including physician offices, ambulatory surgery centers, diagnostic facilities, outpatient services and/or labs.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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