Welltower (WELL) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter ended September 30, 2024 increased compared to both the prior sequential period and the same period one year ago. The reported growth reflects a continuation of the upward trajectory seen in the trailing year.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter ended September 30, 2024 increased compared to both the prior sequential period and the same period one year ago. The reported growth reflects a continuation of the upward trajectory seen in the trailing year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+8.5%
Change from the immediately preceding quarter.
Year-over-year
+26.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
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 |
|---|---|---|
| Dec 31, 2023 | $1.3B | +850.0% |
| Mar 31, 2024 | $1.4B | +20.2% |
| Jun 30, 2024 | $1.4B | +20.2% |
| Sep 30, 2024 | $1.5B | +26.0% |
Revenue performance
The company reported higher revenue for the third quarter, building on gains from the prior quarter. This marks the highest quarterly revenue in the trailing four quarters.
Quarterly comparison
Revenue grew sequentially from the immediately preceding quarter and also rose against the same quarter one year earlier. The year-over-year increase was more pronounced than the sequential change.
What to watch
Sustained revenue growth could be monitored in the context of the company's real estate investment activities and capital deployment.