Welltower raises normalized FFO view to $3.39-$3.54 from $3.35-$3.53

Welltower issued a business update, in which it reported in part: "Better than expected 1Q2023 SHO portfolio performance driving 2.5c increase to FFO guidance midpoint…. Expect continued occupancy gains and strong pricing power to drive SS revenue growth of approximately 9.5% at the midpoint. Anticipate year-over-year occupancy growth of ~230 bps. Pricing power remains robust with strong recognized renewal rate increases and improving street rates, resulting in accelerating RevPOR growth of 6.3%." Reference Link