Welltower Reports 2024 Fourth Quarter Earnings with 18% Increase in Normalized FFO

Summary

Welltower Inc. reported a net income attributable to common stockholders of $0.19 per diluted share and normalized funds from operations (FFO) attributable to common stockholders of $1.13 per diluted share for the fourth quarter of 2024. The company experienced a 17.7% increase in normalized FFO and a 12.8% increase in same store net operating income (NOI) for the quarter. Welltower also completed $2.4 billion of gross investments, including $2.2 billion in acquisitions and loan funding, and $233 million in development funding. The company's board of directors declared a cash dividend of $0.67 per share for the quarter, marking the 215th consecutive quarterly cash dividend.