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 $2,423.087 million, up from $1,859.741 million in the same period last year. This growth was primarily driven by an increase in resident fees and services, which rose from $1,360.274 million to $1,864.530 million.
Net income attributable to common stockholders increased substantially from $127.146 million to $257.957 million year-over-year. This indicates a strong improvement in profitability.
The company recorded impairment charges of $52.402 million, which negatively impacted net income. These charges are related to six Seniors Housing Operating properties and four Triple-net properties.