Oct 28 (Reuters) - Welltower raised its annual funds from operations forecast on Monday, betting on resilient demand for the healthcare real estate investment trust's assisted living and senior housing properties.
The company now sees its 2024 normalized FFO, a key performance measure for REITs, in the range of $4.27 to $4.33 per share, compared with its previous estimate of $4.13 to $4.21.
The REIT owns housing, outpatient medical centers and healthcare properties with a focus on older adults and assisted living. It operates in the United States, Canada and the United Kingdom.
It posted quarterly normalized FFO of $1.11 per share, an increase of 20.7% from the previous year.
Demand for senior housing has been growing due to an ageing population in the United States and a rise in senior citizens' healthcare expenditure.
Same-store net operating income from its senior housing properties rose 23% in the third quarter.
The Ohio-based company's net profit jumped to 73 cents per share, from 24 cents a year earlier.
(Reporting by Sneha S K; Editing by Maju Samuel)
((Sneha.SK@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。