Strong FFO and Revenue Growth
Welltower Inc. delivered a strong FFO per share growth of 22% and increased its full-year FFO guidance midpoint by $0.13 to $5.10 per share. Additionally, the company achieved a significant milestone with annualized company revenue indicating $10 billion for the first time.
Record Same-Store NOI Growth
The senior housing operating portfolio reported a 23.4% same-store NOI growth, marking the eleventh consecutive quarter of exceeding 20% growth. The UK portfolio showed 27% same-store NOI growth with 600 basis points of occupancy improvement.
Robust Investment Activity
Year-to-date, Welltower closed or is under contract to close approximately $9.2 billion of acquisitions, surpassing 2024's entire year of activity by 50%. This includes $3.7 billion in closed transactions and $5.5 billion under contract.
Strong Balance Sheet
Welltower's balance sheet remains strong with net debt to adjusted EBITDA below three times, interest coverage over six times, and total liquidity at $9.5 billion. Recent bond issuance raised $1.25 billion, marking the first issuance as an A-rated credit.