Have you been eager to see how Welltower Inc. HCN performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Toledo, OH-based, real estate investment trust’s (“REIT”) earnings release this morning:A FFO BeatWelltower came out with normalized funds from operations (“FFO”) per share of $1.13, beating the Zacks Consensus Estimate of $1.12.Results were positively impacted by same store cash net operating income (“NOI”) growth and investments.How Was the Earnings Surprise Trend?Welltower has a decent earnings surprise history. Before posting a beat in Q1, the company delivered positive surprises in 3 of the four trailing quarters and in-line result on one occasion, with an average positive surprise of 0.91%.Revenue BeatWelltower posted revenues of around $1.05 million, which beat the Zacks Consensus Estimate of $1.02 billion. Further, it compared favorably with the year-ago number of $894.2 million.Key Developments to NoteFor 2016, Welltower expects normalized FFO per share in a range of $4.50–$4.60. The company increased its 2016 same store cash NOI growth guidance to 2.75–3.25% from the prior range of 2.5–3.0%.What Zacks Rank SaysWelltower currently has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.Check back later for our full write up on this Welltower earnings report later!Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WELLTOWER INC (HCN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research