WELLTOWER INC. reported second-quarter 2026 results with revenue of $3B, consolidated net income of $463M and diluted earnings per share of $0.61, reflecting strong year‑over‑year growth driven by resident fees and services and expansion of its seniors housing operating portfolio.
Financial Highlights
- Revenue was $3.00B for Q2 2026, compared with $1.98B in Q2 2025; YoY change 52%.
- Net income was $463.0M consolidated for Q2 2026, compared with $304.6M in Q2 2025; YoY change 52%.
- Diluted earnings per share was $0.61 for Q2 2026, compared with $0.45 in Q2 2025; YoY change 36%.
Business Highlights
- Revenue growth was driven by resident fees and services, which accounted for 84% of H1 revenues; consolidated NOI rose 35% year over year led by seniors housing operating expansion.
- Portfolio expansion continued: 151 property investments closed year to date totaling approximately $7.15B, with more than $5B of additional seniors housing acquisitions announced and expected to close in the second half.
- Strategic disposals and mix shift continued, including the sale of 311 outpatient medical properties to date, increasing focus on seniors housing and triple-net assets.
- Same-store NOI improved (Q2 total +17% YoY), supported by occupancy gains (average about 87.6%) and rate growth across seniors housing.
- Asset optimization remains active with 50 conversion and redevelopment projects underway to enhance NOI and stabilize newly acquired communities.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.