management's promiseThey said aiming for profit and delivered.
WELL ended the year with record Net Income of
$33.8 million in Q4-2023 reflecting $0.12 in positive EPS and total Net Income of
$16.6 million in 2023 overall with positive EPS of
$0.00 (2) .
Eva Fong , WELL's CFO commented, "I am proud to announce that we achieved positive EPS, or Earnings Per Share, on an adjusted and unadjusted basis for the full year and fourth quarter of 2023. I am also very pleased that we were able to refinance our US$300 million credit facility with JP Morgan and a syndicate of investors on attractive terms. We generated $42.4M of Adjusted Free Cash flow (1) in 2023 and are in an excellent position to continue to fund our growth through our cash flows from operations and we expect to lower our overall debt levels, leverage ratio and interest costs in 2024."