Welltower reported adjusted funds from operations of $1.45 per share for Q4, up from $1.13 in the prior year and beating consensus estimates by 0.8%. Total revenue reached $3.18 billion, marking a 41.3% year-over-year increase and outpacing forecasts by 17.24%.

Shares have gained 6.3% year-to-date versus a 1.7% rise in the S&P 500, reflecting investor enthusiasm over the strong results. Near-term performance will hinge on analyst estimate revisions for the next quarter, where consensus projects FFO of $1.41 per share on $2.77 billion in revenue.