Education
About Us
Working with TipRanks
Follow Us
Welltower, Inc. (WELL)
NYSE:WELL
Earnings Data
Report Date
May 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.78Last Year’s EPS
0.4Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operating and strategic momentum: very large revenue and cash-flow growth in 2025, consistent high-single to double-digit same-store NOI and occupancy gains in SHOP, successful capital rotation and fund launches, and meaningful deleveraging and liquidity. The principal risks discussed were operational complexity, integration and capex needs in newer or legacy pools, slower-performing triple-net segments, and heightened competition for SHOP assets. Management emphasized disciplined capital allocation and execution, which mitigates many risks. On balance, the positive operational results, balance sheet progress, and scalable initiatives outweigh the challenges.Company Guidance
Strong Revenue, EBITDA and FFO Growth in 2025
Company delivered 36% revenue growth, 32% EBITDA growth, and 22% FFO per share growth for 2025; fourth-quarter net income attributable to common stockholders of $0.14 per diluted share and normalized FFO of $1.45 per diluted share (28.3% YoY growth).
Outstanding Same-Store Operating Performance
Total portfolio same-store NOI growth of 15% in the fourth quarter driven by senior housing operating (SHOP) same-store NOI growth of 20.4% — the thirteenth consecutive quarter with same-store NOI growth >20%.
Organic Revenue and Occupancy Momentum
Organic revenue growth around 10% driven by approximately 400 basis points year-over-year occupancy gains and healthy rate growth; guidance assumes RevPOR growth of ~4.8% and occupancy +350 bps in 2026.
Margin Expansion and Operating Leverage
Operating margins expanded by 270 basis points in Q4; expense per unit growth was very low at 0.8% in Q4, producing significant spread between revenue per occupied room and expense per unit and enabling outsized margin expansion.
Aggressive, Disciplined Capital Rotation
Completed nearly $11 billion of net investment activity in 2025 (primarily high-growth senior housing) funded in large part by sale of outpatient medical business for $7.2 billion (to date ~$5.8 billion closed) and a $1.9 billion gain on sale; sold $1.3 billion skilled nursing portfolio with strong realized returns.
Deleveraging and Strong Liquidity Position
Ended the quarter with net debt to adjusted EBITDA of 3.03x (approximately a half-turn reduction versus 2024) and $5.2 billion of cash on hand plus ~ $3.5 billion of expected disposition proceeds, providing funding for ~ $5.7 billion of near-term investment activity.
Successful Launch of Capital-Light Fund Businesses
Closed Senior Housing Equity Fund One with ~ $2.5 billion of equity commitments (approximately $2.1 billion third-party capital, management fees ~1.35%) and held first close of the Welltower US Senior Housing Credit Fund; equity fund was significantly oversubscribed and ~50% deployed.
Portfolio Renewal and Acquisition Activity
Acquired over 1,000 properties across ~90 transactions in 2025 (175+ under construction or recently delivered); SHOP concentration increased ~12 percentage points to ~70% of in-place NOI, and average SHOP asset age improved to 16 years from 19 years in 2021; started 2026 with ~$5.7 billion of acquisitions and $2.5 billion of additional deals closed or under contract in the first six weeks.
WELL Earnings History
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 |
|---|---|---|---|
Feb 10, 2026 | $200.13 | $207.15 | +3.51% |
Oct 27, 2025 | $181.26 | $178.37 | -1.59% |
Jul 28, 2025 | $156.42 | $164.00 | +4.85% |
Apr 28, 2025 | $146.61 | $149.00 | +1.63% |
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 May 04, 2026, Before Open (Confirmed).
What is Welltower, Inc. (WELL) earnings time?
Welltower, Inc. (WELL) earnings time is at May 04, 2026, 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 2026 (Q1) is 0.78.