Welltower Inc. (WELL) Financials
Key financial figures for Welltower Inc. (Q2 2026).
Welltower normalized FFO rose 25% year-over-year to $1.60 per diluted share in Q2 2026, and the company raised full-year normalized FFO guidance to $6.36-$6.44 per share while hiking the quarterly dividend 15% to $0.85. Normalized FFO of $1.60 per diluted share, up 25.0% year-over-year (Q2 2025: $1.28); NAREIT FFO of $1.56 per share (Q2 2025: $1.24) Total portfolio same-store NOI grew 15.5% year-over-year, driven by 20.5% same-store NOI growth in the Seniors Housing Operating (SHO) segment SHO organic same-store revenue grew 9.2% year-over-year on 330 basis points of average occupancy growth plus 5.2% RevPOR growth Net income per diluted share was $0.61 (Q2 2025: $0.45); net debt to Adjusted EBITDA improved to 2.99x with approximately $9.5 billion of available liquidity Board declared a 15% dividend increase. On the outlook: Welltower raised full-year 2026 normalized FFO per diluted share guidance to $6.36-$6.44, up from the prior range of $6.21-$6.35. Net income per diluted share guidance was revised down to $3.11-$3.19 from $3.24-$3.38. Full-year same-store NOI growth is now expected in a 13.75%-16.00% blended range across segments. Figures are for Q2 2026, as Welltower Inc. reported them.
- Revenue
- $3.5B
- Net Income
- $463M
- EPS
- $0.63
- Total Assets
- $69.9B
- Operating Cash Flow
- $1.0B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $3.5B | $240M | $0.33 | 16.62% | $881M |
| Q1 FY2026 | $3.3B | $729M | $1.02 | 16.89% | $282M |
| Q4 FY2025 | $3.1B | $96M | $0.14 | -30.11% | $647M |
| Q3 FY2025 | $2.6B | $281M | $0.40 | 18.15% | $852M |
| Q2 FY2025 | $2.5B | $302M | $0.45 | 17.62% | $761M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $10.7B | $937M | $1.39 | 3.33% | $2.8B |
| FY2024 | $7.9B | $952M | $1.57 | 14.59% | $2.2B |
| FY2023 | $6.5B | $340M | $0.66 | 14.52% | $1.6B |
Frequently asked questions
What was Welltower Inc.'s revenue last quarter?
Welltower Inc. reported revenue of $3.54 billion for Q2 FY2026, up 40.9% from the same period a year earlier.
Is Welltower Inc. profitable?
Yes. Welltower Inc. reported net income of $240.3 million for Q2 FY2026, a net margin of 6.78% on revenue.
How has Welltower Inc.'s margin trended?
Operating margin was 16.62% in Q2 FY2026, compared with 17.62% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Welltower Inc. generate?
Welltower Inc. generated free cash flow of $881.2 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Welltower Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.