Welltower Inc. Q2 2026 Results Overview
Welltower Inc. (NYSE:WELL) reported second‑quarter 2026 results for the period ended June 30. Revenue reached $3.54 billion, surpassing analyst estimates of $3.36 billion and representing a 39.1% year‑over‑year increase from $2.55 billion in the same quarter of the prior year. Adjusted earnings were $1.60 per share, which missed the consensus estimate of $1.66 per share.
Normalized funds from operations (FFO) attributable to common stockholders were $1.60 per diluted share, up 25.0% YoY. Same‑store net operating income (SSNOI) grew 15.5%, driven primarily by the Seniors Housing Operating (SHO) portfolio, which posted 20.5% SSNOI growth. The SHO portfolio also delivered 9.2% organic same‑store revenue growth, underpinned by 330 basis points of occupancy growth and a 5.2% increase in revenue per occupied room.
The REIT completed $6.3 billion of pro‑rata gross investments during the quarter. It announced a 15% increase in the quarterly dividend to $0.85 per share, noting that the declaration and payment of future quarterly dividends remain subject to Board approval.
For the full fiscal year 2026, Welltower raised its normalized FFO guidance to a range of $6.36 to $6.44 per diluted share (mid‑point $6.40), up from the prior range of $6.21‑$6.35 (mid‑point $6.28). Conversely, the net income guidance was lowered to $3.11‑$3.19 per diluted share, down from the previous $3.24‑$3.38 range.
Following the release, Welltower’s shares rose approximately 4.2%, reflecting investor optimism about the top‑line performance despite the earnings miss.