Welltower Q4 normalized FFO rises 28.3% yr/yr

Welltower

10/02/2026 21:15

Overview

Seniors housing REIT's Q4 normalized FFO rose 28.3% yr/yr

Company's SHO portfolio drove 15% same store NOI growth

Company completed $13.9 bln pro rata gross investments in Q4

Outlook

Welltower expects 2026 net income of $3.11 to $3.27 per diluted share

Company anticipates 2026 normalized FFO of $6.09 to $6.25 per diluted share

Welltower expects 2026 disposition proceeds of $3.5 bln

Result Drivers

SHO PORTFOLIO GROWTH - Welltower's SHO portfolio saw a 20.4% increase in same store NOI, driven by 9.6% organic revenue growth and occupancy improvements

INVESTMENT AND DISPOSITION ACTIVITY - Completed $13.9 bln in gross investments and $7.5 bln in dispositions, surpassing expectations

PRIVATE FUNDS LAUNCH - Closed inaugural private fund vehicle, Seniors Housing Fund I, securing $2.5 bln in equity commitments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Rental Income
$523.85 mln
Q4 Dividend
$0.74


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "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 $214.00, about 8.5% above its February 9 closing price of $197.25

The stock recently traded at 70 times the next 12-month earnings vs. a P/E of 75 three months ago

Press Release: ID:nPn2sprB2a

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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.)