- Welltower (NYSE:WELL) sees Q3 normalized FFO of $0.78-0.83 per share, generally in line with the average analyst estimate of $0.80.
- Expects senior housing operating portfolio occupancy increase of 190 basis points through Q3 2021.
- SHO portfolio occupancy increased ~150 bps QTD to 76.1% as of Sept. 3, 2021.
- Assumes Q3 same-store revenue per occupied room growth of 2.5% Y/Y.
- For the full year 2021, Welltower (WELL) expects G&A expense of ~$132M-$137M.
- The company says overall lead generation remains at pre-COVID levels while move-in activity continue to be strong.
- Last month, BMO upgraded ratings on Welltower and Ventas on the expected strong demand for senior housing.