
Welltower NYSE: WELL reported second-quarter results marked by higher senior housing occupancy, pricing gains and continued investment activity, while raising its full-year normalized funds from operations outlook.
Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure.
| Revenue (TTM) | $12.76B |
| Gross Profit (TTM) | $5.05B |
| EBITDA | $3.22B |
| Operating Margin | 16.60% |
| Return on Equity | 3.84% |
| Return on Assets | 0.83% |
| Revenue/Share (TTM) | $18.42 |
| Book Value | $62.15 |
| Price-to-Book | 4.00 |
| Price-to-Sales (TTM) | 13.47 |
| EV/Revenue | 16.45 |
| EV/EBITDA | 72.27 |
| Quarterly Earnings Growth (YoY) | 34.60% |
| Quarterly Revenue Growth (YoY) | 39.10% |
| Shares Outstanding | $705.91M |
| Float | $708.75M |
| % Insiders | 0.06% |
| % Institutions | 100.67% |
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Welltower NYSE: WELL reported second-quarter results marked by higher senior housing occupancy, pricing gains and continued investment activity, while raising its full-year normalized funds from operations outlook.

WELL's Q2 FFO beat and 20.5% SHO SSNOI growth fuel a higher 2026 outlook, while acquisitions strengthen its seniors housing focus.

TOLEDO, Ohio, July 27, 2026 /PRNewswire/ -- Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at: https://welltower.com/jul-27-26-business-update About Welltower Welltower Inc. (NYSE: WELL), an S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom, and Canada. Our portfolio of 2,500+ seniors and wellness housing communities are positioned at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults.

TOLEDO, Ohio, July 27, 2026 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) today announced results for the quarter ended June 30, 2026. Second Quarter and Other Recent Highlights Reported net income attributable to common stockholders of $0.61 per diluted share Reported quarterly normalized funds from operations attributable to common stockholders of $1.60 per diluted share, an increase of 25.0% over the prior year Reported total portfolio year-over-year same store NOI ("SSNOI") growth of 15.5%, driven by SSNOI growth in our Seniors Housing Operating ("SHO") portfolio of 20.5% SHO portfolio organic same store revenue growth increased 9.2% year-over-year in the second quarter, resulting from 330 basis points ("bps") of average occupancy growth and 5.2% growth in Revenue Per Occupied Room ("RevPOR") Year-to-date, closed or under contract to close $15.5 billion of pro rata gross investments, including $9.4 billion completed in the six months ended June 30, 2026 and $6.1 billion closed or under contract to close subsequent to quarter end, excluding development funding.

Welltower trades at an extreme premium, with a 41x forward AFFO multiple and implied cap rates below 3%. WELL's short-term AFFO per share growth is strong, but margin expansion and cost controls are unsustainable long-term. The REIT's best move is to issue equity at these valuations, but future AFFO multiple compression poses significant downside risk.

Get a deeper insight into the potential performance of Welltower (WELL) for the quarter ended June 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

WELL heads into Q2 earnings with revenues and normalized FFO growth expected, backed by senior housing demand and muted supply.

America's demographic clock keeps ticking, and the money is following the wrinkles.

The aging of America has made healthcare stocks an evergreen investment theme. It's also a reason for investors to consider looking at real estate investment trusts (REITs) focused on this area.

Welltower grew revenue and normalized funds from operations by double-digit percentages. Sabra has a dividend that yields above 6%.
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