Welltower Inc. Q1 Income Rises 15%

(RTTNews) - Welltower Inc. (HCN) announced a profit for its first quarter that rose from last year.

The company said its bottom line advanced to $400.96 million, or $1.13 per share. This was up from $349.66 million, or $1.04 per share, in last year's first quarter.

Analysts had expected the company to earn $1.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 17.4% to $1.05 billion. This was up from $894.18 million last year.

Welltower Inc. earnings at a glance:

-Earnings (Q1): $400.96 Mln. vs. $349.66 Mln. last year. -Earnings Growth (Y-o-Y): 14.7% -EPS (Q1): $1.13 vs. $1.04 last year. -EPS Growth (Y-o-Y): 8.7% -Analysts Estimate: $1.12 -Revenue (Q1): $1.05 Bln vs. $894.18 Mln last year. -Revenue Change (Y-o-Y): 17.4%