Welltower (WELL) reported Q3 normalized funds from operations late Monday of $1.11 per diluted share, up from $0.92 a year earlier.

Analysts surveyed by Capital IQ expected adjusted FFO of $0.91.

Revenue for the quarter ended Sept. 30 was $2.06 billion, up from $1.66 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.00 billion.

The company said it expects full-year 2024 normalized FFO of $4.27 to $4.33, compared with its prior outlook of $4.13 to $4.21. Analysts surveyed by Capital IQ expect adjusted FFO of $3.62.

Welltower board set a quarterly dividend of $0.67 per share, unchanged from the previous quarter. The dividend will be paid on Nov. 21 to stockholders of record as of Nov. 13.