Welltower Inc. earnings overview

WELL FY2026 Q1 · Calendar Q2 2026

Welltower Inc.

Welltower delivered a strong Q1 2026, with revenue up 38% year-over-year to $3.35 billion and FFO per share up 23%, beating consensus on both lines. The company raised full-year FFO guidance to a $6.28 midpoint, up from $6.17, driven by record 16.4% same-store NOI growth in its senior housing operating portfolio, which now accounts for 74% of same-store NOI. A new development is the first external licensing of Welltower's proprietary data-science platform, creating a capital-light revenue stream. Despite the beat, the stock's abnormal return was roughly -1% on the report, suggesting the market had largely priced in the strong trajectory. The investment thesis centers on continued senior-housing occupancy gains, aggressive capital deployment, and the emerging platform monetization opportunity.