Welltower (WELL) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose compared with both the previous quarter and the same quarter a year ago. The company continued to see higher revenue on a sequential basis and a much larger increase over the prior-year period.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose compared with both the previous quarter and the same quarter a year ago. The company continued to see higher revenue on a sequential basis and a much larger increase over the prior-year period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.4%
Change from the immediately preceding quarter.
Year-over-year
+20.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $1.2B | -18.6% |
| Dec 31, 2023 | $1.3B | +850.0% |
| Mar 31, 2024 | $1.4B | +20.2% |
| Jun 30, 2024 | $1.4B | +20.2% |
Revenue performance
Reported revenue moved higher during the quarter, reflecting an increase from the immediately preceding quarter. The upward trajectory from a year earlier was considerably stronger.
Quarterly comparison
Compared with the prior quarter, revenue showed a moderate gain, while the comparison to the same quarter one year earlier revealed a much larger improvement.
What to watch
Revenue growth remained positive both quarter over quarter and year over year, with the annual comparison notably outpacing the sequential change.