Welltower reports SS NOI growth of 23.4% year-over-year in quarter

Welltower issued a business update, in which it reported in part: "Year-over-year same store net operating income growth of 23.4% in the quarter, led by the US with SS NOI growth of 24.3% followed by Canada at 24.2% and the United Kingdom at 14.0%. SS revenue growth increased 10.0% year-over-year, representing the fifth consecutive quarter of double-digit SS revenue growth. SS Expense per Occupied Room growth of 3.6% year-over-year in 1Q2023 remained near historical lows… Liquidity profile remains exceptional with $5.0 billion in combined near-term available liquidity. Unparalleled access to capital supported by large and diverse group of 31 financial institutions supporting credit facility across multiple currencies. No single institution represents more than 4.3% of overall credit facility commitments." Reference Link