Welltower's second quarter 2026 FFO beats estimates as Seniors Housing Operating NOI growth accelerates to 20.5%

Welltower reported second quarter 2026 normalized Funds From Operations (FFO) of $1.60 per share on total revenues of $3.54 billion, beating analyst estimates. The company also raised its full-year 2026 normalized FFO guidance, citing strong operational momentum.

Key Highlights

• The Seniors Housing Operating (SHO) portfolio delivered same-store Net Operating Income (NOI) growth of 20.5% year-over-year, which drove total portfolio same-store NOI growth to 15.5%.
• Normalized FFO of $1.60 per share represented a 25.0% increase over the prior year's quarter.
• Full-year 2026 normalized FFO guidance was raised to a range of $6.36 to $6.44 per share, up from the previous range of $6.21 to $6.35.
• The Board of Directors announced a 15% increase in the quarterly dividend to $0.85 per share, citing confidence in cash flow growth and balance sheet strength.