McKnight’s Senior Living April 15, 2024
2024 will be a year of “extraordinary growth” for Welltower, CEO Shankh Mitra predicted Friday in an annual report to investors.
The year follows a “year of extraordinary achievements” in 2023, he said.
Same-store revenue growth in the Todelo, OH-based real estate investment trust’s senior housing operating portfolio in 2022 and 2023 was in the double digits, and net operating income exceeded 20%, according to the report.
“And while the impact of the rapid growth of our seniors population on various societal and economic trends is highly complex, the implication for our business (largely residential settings with hospitality and personal care services provided) is rather simple: an acceleration in demand for our product, which we expect will persist for...
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