Welltower (WELL) reported Q4 normalized funds from operations late Tuesday of $1.13 per diluted share, compared with $0.96 a year earlier.

Analysts polled by FactSet expected $1.12.

Revenue for the quarter ended Dec. 31 was $2.25 billion, compared with $1.75 billion a year earlier.

Analysts polled by FactSet expected $2.10 billion.

For 2025, the company is projecting normalized FFO of $4.79 to $4.95. Analysts polled by FactSet are looking for $4.79.

The company also set a quarterly dividend of $0.67 per share, unchanged from the prior quarter and payable on March 6 to shareholders of record on Feb. 25.