Welltower Q3 normalized FFO per share rises 25%, guidance raised

Welltower

26/10/2026 20:13

Overview
Seniors housing REIT's Q3 normalized FFO per share rose 24.6% yr/yr
Company Q3 same store NOI grew 15.8%, driven by 21% growth in seniors housing operating portfolio
2026 guidance for net income and normalized FFO per share raised

Outlook
Welltower raises 2026 net income guidance to $3.31-$3.37 per diluted share from $3.11-$3.19
Company increases 2026 normalized FFO guidance to $6.47-$6.53 per diluted share from $6.36-$6.44
Welltower expects 2026 same store NOI growth of 15.0%-16.25%, led by seniors housing operating portfolio

Result Drivers
SENIORS HOUSING OCCUPANCY - Co said Q3 seniors housing operating portfolio revenue growth was driven by 320 bps average occupancy increase
REVPOR GROWTH - Co said Q3 seniors housing operating portfolio revenue growth was also driven by 5.3% increase in revenue per occupied room
INVESTMENT ACTIVITY - Co completed $2.7 bln of seniors housing acquisitions in Q3, contributing to portfolio expansion

Company press release: ID:nPnb7KlK0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Rental Income
 
$488.64 mln
 
Q3 Dividend
 
$0.85
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 3 "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 $260.00, about 9.6% above its October 23 closing price of $237.32
The stock recently traded at 74 times the next 12-month earnings vs. a P/E of 74 three months ago

Reuters Recommended Reads
Oct 26 - Easterly Government Properties Q3 Core FFO tops estimates
Oct 23 - First Capital Q3 net interest income rises on higher yields, asset balances

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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.)