Markets

Welltower Boosts Q2 Outlook; Appoints John Burkart COO - Quick Facts

(RTTNews) - Healthcare infrastructure company Welltower Inc. (WELL) on Tuesday raised its earnings outlook for the second quarter.

For the second quarter, the company now projects earnings in a range of $0.34 to $0.38 per share and normalized funds from operations in a range of $0.75 to $0.79 per share.

Previously, the company expected earnings in a range of $0.31 to $0.36 per share and normalized funds from operations in a range of $0.72 to $0.77 per share.

On average, ten analysts polled by Thomson Reuters expect the company to report earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude special items.

Separately, the company also announced the appointment of John Burkart as Executive Vice President, Chief Operating Officer, effective July 19, 2021. He will serve on the Company's executive team and investment committee, and will report to Shankh Mitra, CEO and CIO.

Prior to joining Welltower, Burkart spent 25 years at multifamily REIT Essex Property Trust (ESS), most recently serving as Senior Executive Vice President and Chief Operating Officer.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WELL

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More