Have you been eager to see how Welltower Inc. WELLperformed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Toledo, OH-based, healthcare real estate investment trust’s (REIT) earnings release this morning.
FFO Missed
Welltower came out with normalized funds from operations (FFO) per share of 99 cents, missing the Zacks Consensus Estimate of $1.
How Was the Earnings Surprise Trend?
Welltower has a mixed earnings surprise history. Before posting a miss in Q1, the company delivered positive surprise in two out of prior four quarters, missed in another and came up with in-line performance in the other occasion, as shown in the chart below. Overall, the company surpassed the Zacks Consensus Estimate by an average of 0.47% in the trailing four quarters.