The earnings call reflects a positive outlook with significant growth in FFO, NOI, and occupancy gains. While there are challenges, such as the underperformance of the Holiday by Atria portfolio, the overall growth trajectory and robust capital deployment overshadow these issues.

Company Guidance -

Q3 2025

During the Welltower Inc. Second Quarter 2025 Earnings Call, the company announced a strong financial performance with a notable 22% growth in FFO per share, surpassing expectations. As a result, Welltower raised its full-year FFO guidance midpoint by $0.13 to $5.10 per share. The seniors housing operating portfolio reported a significant 23.4% same-store NOI growth, marking the eleventh consecutive quarter of growth exceeding 20%, driven by a 420 basis point occupancy increase. The UK portfolio, in particular, saw a 600 basis point occupancy gain and 27% same-store NOI growth. The company highlighted a 5% growth in RevPOR, with a wide margin expansion of 330 basis points in SHOP. Welltower also noted reaching significant milestones, with in-place annualized NOI for SHOP assets surpassing $2 billion and overall annualized company revenue indicating $10 billion for the first time. The company's investment activity remained robust, with $9.2 billion in acquisitions closed or under contract year-to-date, reflecting strong capital deployment and strategic growth initiatives.

Strong FFO Growth

Welltower Inc. delivered strong FFO per share growth of 22%, exceeding expectations, and raised full-year FFO guidance midpoint by $0.13 to $5.10 per share.

Significant NOI Growth

The company reported 23.4% same-store NOI growth for seniors housing operating portfolio, marking the eleventh consecutive quarter of over 20% growth.

Record Occupancy Gains

The UK portfolio posted a 600 basis point pickup in occupancy and 27% same-store NOI growth, showcasing strong demand and favorable positioning.

Increased Capital Deployment

Year-to-date, Welltower closed or is under contract to close approximately $9.2 billion worth of acquisitions, reflecting robust and actionable pipeline.

Strong Balance Sheet and Liquidity

Following recent rating upgrades, the balance sheet is strong with net debt to adjusted EBITDA below three times, interest coverage over six times, and total liquidity at $9.5 billion.

Dividend Increase

A 10.4% increase in the quarterly dividend was announced, reflecting confidence in cash flow durability and growth trajectory.

Welltower (WELL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WELL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	0.51 / -	0.73	―	―	―
Jul 28, 2025	2025 (Q2)	0.46 / 0.45	0.42	7.14% (+0.03)
Apr 28, 2025	2025 (Q1)	0.40 / 0.40	0.22	81.82% (+0.18)
Feb 11, 2025	2024 (Q4)	0.41 / 0.19	0.15	26.67% (+0.04)
Oct 28, 2024	2024 (Q3)	0.38 / 0.73	0.24	204.17% (+0.49)
Jul 29, 2024	2024 (Q2)	0.34 / 0.42	0.2	110.00% (+0.22)
Apr 29, 2024	2024 (Q1)	0.25 / 0.22	0.05	340.00% (+0.17)
Feb 13, 2024	2023 (Q4)	0.27 / 0.15	-0.01	1600.00% (+0.16)
Oct 30, 2023	2023 (Q3)	0.19 / 0.24	-0.01	2500.00% (+0.25)
Jul 31, 2023	2023 (Q2)	0.16 / 0.20	0.2	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WELL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 28, 2025	$158.29	$165.96	+4.85%
Apr 28, 2025	$148.36	$150.78	+1.63%
Feb 11, 2025	$142.10	$145.18	+2.17%
Oct 28, 2024	$128.75	$135.43	+5.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Welltower, Inc. (WELL) report earnings?

Welltower, Inc. (WELL) is schdueled to report earning on Nov 03, 2025, Before Open (Confirmed).

What is Welltower, Inc. (WELL) earnings time?

Welltower, Inc. (WELL) earnings time is at Nov 03, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WELL EPS forecast?

WELL EPS forecast for the fiscal quarter 2025 (Q3) is 0.51.

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