Advertisement
Australia markets open in 34 minutes
  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     
  • AUD/USD

    0.6423
    -0.0003 (-0.04%)
     
  • ASX 200

    7,642.10
    +36.50 (+0.48%)
     
  • OIL

    82.57
    -0.16 (-0.19%)
     
  • GOLD

    2,394.90
    -3.10 (-0.13%)
     
  • Bitcoin AUD

    99,024.94
    +3,390.17 (+3.54%)
     
  • CMC Crypto 200

    1,313.02
    +427.48 (+48.29%)
     

Why Welltower Stock Did Smashingly Well Today

Why Welltower Stock Did Smashingly Well Today

Tuesday was a good day to be an investor in specialty real estate investment trust (REIT) Welltower (NYSE: WELL). Welltower's third quarter saw it earn just over $1.47 billion in revenue, which represented growth of almost 19% on a year-over-year basis. Concurrently, Welltower announced that it reached agreement with its partner ProMedica to sell 147 skilled nursing facilities currently operated by the latter.