Welltower Inc. (WELL) has reported a significant increase in their third-quarter earnings compared to the previous year, surpassing analysts' expectations. The company's earnings amounted to $449.85 million, equating to $0.73 per share. This is a substantial improvement from last year's figures of $127.47 million, or $0.24 per share.
On average, analysts, as reported by Thomson Reuters, had predicted earnings of $0.38 per share, not including any special items.
In terms of revenue, the company experienced a robust 23.6% increase, reaching $2.055 billion, up from $1.662 billion in the same quarter last year.
A summary of Welltower Inc.'s earnings, based on Generally Accepted Accounting Principles (GAAP), is as follows:
- Earnings for Q3: $449.85 million compared to $127.47 million in the previous year.
- EPS for Q3: $0.73, up from $0.24 last year.
- Revenue for Q3: $2.055 billion against last year's $1.662 billion.
