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Welltower Q2 FFO down YOY, FY'18 guidance updated

Commercial Real Estate: 2020 Review

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The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Welltower Q2 FFO down YOY, FY'18 guidance updated

Welltower Inc.'s funds from operations attributable to common stockholders for the second quarter amounted to $1.00 per share, compared with the S&P Capital IQ consensus FFO estimate of 99 cents per share.

The healthcare real estate investment trust's FFO per share for the period fell 5.7% year over year from $1.06.

FFO attributable to common stockholders totaled roughly $371.9 million, a decline from roughly $391 million in the year-ago period.

Nareit FFO declined from the prior-year period to $378.7 million, or $1.02 per share, from $384.4 million, or $1.04 per share.

Nareit is the U.S.-based trade association for REITs and publicly traded real estate companies.

The company forecasts normalized FFO per share in the range of $3.99 to $4.06 for the full year, up from previous guidance in the range of $3.95 to $4.05.

The S&P Capital IQ consensus FFO per share estimate for the full year is $4.02.

The REIT and not-for-profit healthcare system ProMedica Health System Inc. recently closed on their $4.4 billion acquisition of Quality Care Properties Inc. and its principal tenants, HCR ManorCare Inc. and Arden Courts.