- Q1 normalized FFO of $401M or $1.13 per share vs. $349.7M and $1.04 a year ago. Normalized FAD of $1.01 vs. $0.92. Dividend of $0.86 vs. $0.825.
- Same-store NOI growth of 3.8%, led by 5.5% growth in seniors housing. Same-store seniors housing occupancy of 90.7% up 60 basis points Y/Y, with REVPOR growth of 4.2%.
- Full-year normalized FFO guidance is affirmed at $4.50-$4.60 per share, with normalized FAD of $3.95-$4.05. Both represent 3-5% increases over 2015.
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Conference call at 10 ET
- Previously: Welltower beats by $0.01, beats on revenue (May 3)
- HCN flat premarket