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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.