• Welltower: 4Q Earnings Snapshot

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    TOLEDO, Ohio (AP) _ Welltower Inc. (WELL) on Tuesday reported a key measure of profitability in its fourth quarter. The results missed Wall Street expectations.

    The real estate investment trust, based in Toledo, Ohio, said it had funds from operations of $382.8 million, or $1.01 per share, in the period.

    The average estimate of 12 analysts surveyed by Zacks Investment Research was for funds from operations of $1.03 per share.

    Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

    The company said it had net income of $101.8 million, or 27 cents per share.

    The senior housing and health care real estate investment trust posted revenue of $1.24 billion in the period, which matched Street forecasts.

    For the year, the company reported funds from operations of $1.51 billion, or $4.03 per share. Revenue was reported as $4.7 billion.

    Welltower expects full-year funds from operations in the range of $4.10 to $4.25 per share.

    The company's shares have increased 12 percent since the beginning of the year. The stock has risen 40 percent in the last 12 months.

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    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WELL at https://www.zacks.com/ap/WELL

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