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Welltower Inc. (WELL-0.73%) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.
The filing includes financial statements showing net income of $972,857,000 for 2024, an increase from $358,139,000 in 2023. Net income attributable to common stockholders was $951,680,000, up from $340,094,000 in the previous year.
Funds from operations attributable to common stockholders increased to $2,323,433,000 from $1,763,227,000 in 2023. Consolidated net operating income was $3,160,907,000, compared to $2,690,219,000 in the prior year.
Welltower's portfolio includes 1,156 Seniors Housing Operating properties, 592 Triple-net properties, and 371 Outpatient Medical properties. The company reported a total investment of $27,670,653,000 in Seniors Housing Operating properties.
During 2024, Welltower completed acquisitions totaling $5,716,098,000, including 198 Seniors Housing Operating properties and 52 Triple-net properties. Dispositions amounted to $770,851,000, including 31 Seniors Housing Operating properties.
The company reported a net debt to book capitalization ratio of 26.8% and an interest coverage ratio of 5.39x. Welltower maintains a $5,000,000,000 unsecured revolving credit facility.
Welltower's primary sources of revenue are resident fees and services, which accounted for 75% of total revenues, and rental income, which accounted for 20%.
The company declared a cash dividend of $0.67 per share for the quarter ended December 31, 2024.
Welltower's business strategy focuses on investing across the full spectrum of seniors housing and healthcare real estate, with a diversified portfolio by property type, relationship, and geographic location.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Welltower Inc. annual 10-K report dated February 12, 2025. To report an error, please email earnings@qz.com.