WELLTOWER INC. (WELL) Form 8-K — Oct 26, 2026
Welltower reported Q3 2026 net income of $415 million ($0.54 per diluted share) and normalized FFO of $1.67 per diluted share, up 24.6% year over year. Same store NOI grew 15.8%, driven by 21.0% growth in the Seniors Housing Operating portfolio on 320 bps of occupancy gains and 5.3% RevPOR growth. The company raised full-year 2026 guidance, lifting normalized FFO to $6.47-$6.53 per share from $6.36-$6.44 and net income to $3.31-$3.37 from $3.11-$3.19. Management cited stronger SHO NOI expectations (21.0% midpoint growth) and accretive investment and financing activity.
Key figures
- Eps
- 0.54
- Revenue
- 3715777000
- Guidance
- FY2026 normalized FFO raised to $6.47-$6.53 per diluted share (from $6.36-$6.44); net income guidance $3.31-$3.37 (from $3.11-$3.19)
- Net Income
- 415000000
- Total Debt
- 19672086000
- Revenue Yoy
- Q3 revenue $3.72B vs $2.69B prior year (+38%)
- Total Assets
- 73711333000
- Cash Position
- 2274910000
- Shares Outstanding
- 731995000
- SSNOI growth
- 15.8%
- Rev POR growth
- 5.3%
- SHO SSNOI growth
- 21.0%
- Dividend per share
- 0.85
- Available liquidity
- $9.5 billion
- SHO occupancy growth
- 320 bps
- YTD gross investments
- $21.0 billion closed or under contract
- Normalized FFO per share
- 1.67
- Normalized FFO growth yoy
- 24.6%
- Net debt to adjusted EBITDA
- 3.02x
- Consecutive quarterly dividends
- 222
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