Revenue during the quarter went up marginally by 1.46 percent to $1,062.30 million from $1,047.05 million in the previous year period.

Adjusted EBITDA for the quarter stood at $525.93 million.

For financial year 2017, Welltower Inc. forecasts diluted earnings per share to be in the range of $2.39 to $2.49.

Revenue from real estate activities during the quarter went up marginally by 1.93 percent or $19.67 million to $1,037.48 million.

Income from operating leases during the quarter dropped 11.67 percent or $48.52 million to $367.14 million.

Revenue from other real estate activities during the quarter was $670.34 million, up 11.32 percent or $68.19 million from year-ago period.

Other income during the quarter was $24.82 million, down 15.11 percent or $4.42 million from year-ago period.

"Welltower has once again delivered a strong overall quarter," commented chief executive officer Tom DeRosa. "Our premier seniors housing operators in high barrier to entry markets showed resiliency during a bad flu season and pockets of heightened supply nationwide, and were able to drive continued rate growth. We further executed on our strategy of deleveraging, while taking advantage of robust pricing to sell non-core assets in secondary markets at low cap rates. Our patience, discipline and the long-term nature of our decision making continues to drive shareholder value and best position Welltower for the compelling opportunities that lie ahead."

Total assets declined 4.54 percent or $1,321.02 million to $27,767.28 million on Mar. 31, 2017. On the other hand, total liabilities were at $12,271.60 million as on Mar. 31, 2017, down 10.61 percent or $1,457.25 million from year-ago.

Return on assets moved down 26 basis points to 0.76 percent in the quarter. At the same time, return on equity moved up 108 basis points to 2.07 percent in the quarter.