Welltower Q3 Profit Falls to $280.6 Million as Revenue Drops 27.7%

Welltower Inc. (WELL) reported third-quarter earnings of $280.559 million, or $0.41 per share, down from $396.587 million, or $0.54 per share, a year earlier, the healthcare real estate investment trust said. Revenue for the quarter fell 27.7% to $2.685 billion from $3.715 billion in the prior-year period. The company issued full-year EPS guidance of $3.31 to $3.37.