Welltower raises annual FFO forecast on strong senior housing demand

Welltower

28/04/2026 21:44

April 28 (Reuters) - Healthcare real estate investment trust Welltower WELL.N on Tuesday raised its forecast for annual funds from operations (FFO), banking on strong demand for its assisted living and senior housing properties.

Here are some details:

The company expects 2026 normalized FFO, a key performance measure for REITs, in the range of $6.21 to $6.35 per share, higher than the previous projection of $6.09 to $6.25 per share.

The REIT owns senior housing, outpatient medical centers and healthcare properties with a focus on older adults. It operates across the U.S., Canada and the UK.

Its normalized FFO rose 23% year-over-year to $1.47 per share in the quarter ended March 31, just above analysts' expectations of $1.4 per share, according to data compiled by LSEG.

The rising population of older Americans and their growing healthcare needs have resulted in an uptick in demand for senior living communities.

The Ohio-based company posted a net profit of $1.02 per share in the quarter, compared with estimates of 76 cents per share.

 (Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Sahal Muhammed)

 ((Padmanabhan.Ananthan@thomsonreuters.com;))