Welltower Inc.: Mixed — EPS $1.67, Revenue $3.72B
Mixed ResultQ3 2026 · After-market
Did Welltower Inc. (WELL) beat earnings today?
It was a mixed report for Q3 2026 — Welltower Inc. (WELL) beat on EPS but missed on revenue.
Earnings Per Share+1.83% surprise
$1.67Actual
Expected: $1.64
vs. year ago +24.6%
Total Revenue-0.97% surprise
$3.72BActual
Expected: $3.75B
vs. year ago +38.4%
Released Oct 26 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $3.72B | $2.69B | +38.4% |
| Revenue detail — reported lines | |||
| └─Resident fees and services | $3.12B | $2.06B | +51.4% |
| └─Rental income | $488.64M | $499.48M | -2.2% |
| └─Interest income | $83.25M | $67.22M | +23.9% |
| └─Other income | $22.74M | $57.63M | -60.5% |
| Net Income | $414.82M | $282.19M | +47.0% |
| GAAP Basic EPS | $0.55 | $0.42 | +31.0% |
| GAAP Diluted EPS | $0.54 | $0.41 | +31.7% |
| Normalized FFO | $1.67 | $1.34 | +24.6% |
Financial Outlook / Guidance
| Metric | Next 12 Months Outlook | FY 2026 Outlook |
|---|---|---|
| Net Income | — | $3.31-$3.37 (prev. $3.11-$3.19) |
| NAREIT FFO | — | $6.07-$6.13 (prev. $6.21-$6.29) |
| Normalized FFO | — | $6.47-$6.53 (prev. $6.36-$6.44) |
| Same Store NOI | — | 15.0%-16.25% |
| Seniors Housing Operating | — | ~20.25%-21.75% |
| Seniors Housing Triple-net | — | ~3.5%-4.5% |
| Outpatient Medical | — | ~2.0%-3.0% |
| Skilled Nursing | — | ~2.0%-3.0% |
| General and Administrative Expenses | — | ~$267M-$272M |
| Stock-based compensation | — | ~$60M |
| Disposition proceeds | $1.9B (6.5% blended yield) | — |
| Property sales | ~$1.5B | — |
| Loan repayments | $328M | — |
Business Highlights
- ➤Sourced more than $4B of global capital during the quarter.
- ➤Issued C$1.15B of Canadian senior unsecured notes in July.
- ➤Completed 43 seniors housing property investments during the third quarter.
- ➤Completed pro rata property dispositions and loan repayments during the quarter.
- ➤Disposed of 25 Outpatient Medical properties.
- ➤Disposed of seven seniors housing properties.
- ➤Declared a quarterly cash dividend of $0.85 per share.
- ➤Marked its 222nd consecutive quarterly cash dividend.
- ➤Welltower focuses on seniors and wellness housing across the U.S., U.K. and Canada.