Sector: Real Estate|Industry: REIT - Healthcare Facilities|Market Cap: $78.20B|Employees: 533
Welltower Inc. is a real estate investment trust that focuses on healthcare infrastructure, primarily seniors housing, post-acute care, and outpatient medical properties. The company operates in major, high-growth markets in the United States, Canada, and the United Kingdom, and aims to provide consistent cash dividends to its stockholders through a diversified investment portfolio.
Total revenues increased to $1,824.9 million, up from $1,665.5 million in the same period last year, primarily driven by a $234 million increase in resident fees and services. This indicates a strong demand for the company's core offerings.
Interest expense decreased to $133.4 million from $152.3 million year-over-year, which may indicate improved debt management or favorable interest rate conditions. This could positively impact profitability.
Net income attributable to common stockholders increased to $254.7 million from $103.0 million year-over-year, indicating a substantial improvement in profitability. This increase is a positive sign for investors.