Healthcare REIT Welltower's Q3 normalized FFO per share rises

Welltower

27/10/2025 20:17

Overview

Welltower Q3 normalized FFO per share rises 20.7% yr/yr

Same store NOI grows 14.5% yr/yr, driven by Seniors Housing Operating portfolio

Company completed $1.9 bln in investments, including $1.8 bln in acquisitions

Outlook

Welltower revises 2025 net income guidance to $0.82-$0.88 per share, down from $1.86-$1.94

Company raises full-year normalized FFO guidance to $5.24-$5.30 per share

Welltower expects same store NOI growth of 13.2%-14.5% in 2025

Result Drivers

SHO PORTFOLIO GROWTH - Same store NOI in Seniors Housing Operating portfolio grew 20.3% driven by 9.7% revenue increase from higher occupancy and RevPOR

INVESTMENT ACTIVITY - Completed $1.9 bln in investments, including $1.8 bln in acquisitions and loan funding

ACQUISITION ANNOUNCEMENT - Announced $23 bln of transaction activity, primarily in seniors housing communities in the U.S. and U.K.

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rental Income
$499.47 mln
Q3 Normalized FFO Per Share
$1.34
Q3 Dividend
$0.74


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Welltower Inc is $186.00, about 4.3% above its October 24 closing price of $177.94

The stock recently traded at 74 times the next 12-month earnings vs. a P/E of 74 three months ago

Press Release: ID:nPn2PcD1La

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)