Welltower's Q4 earnings per share fell short of expectations, but revenue exceeded expectations

LootboxPhobia · 2026-02-14T02:45:05+00:00

Welltower Inc.'s Q4 earnings report shows that despite revenue reaching $3.18 billion, surpassing expectations, earnings per share were only $0.14, well below analysts' forecast of $0.56. The company continues to make strategic investments and expects future FFO per share to be between $6.09 and $6.25.

LootboxPhobia

2026-02-14 02:45:05

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Toledo - Healthcare Real Estate Investment Trust Welltower Inc. (NYSE: WELL) announced its Q4 earnings report, showing strong revenue growth but earnings per share (EPS) falling short of analyst expectations, as the company continues its strategic portfolio transformation.

The company reported a diluted EPS attributable to common shareholders of $0.14 for the quarter, significantly below the analyst consensus of $0.56. However, revenue reached $3.18 billion, surpassing the consensus estimate of $2.85 billion. Following the announcement, the company’s stock remained unchanged.

Welltower reported a normalized funds from operations (FFO) of $1.45 per share for the quarter, up 28.3% year-over-year. The company’s total investment portfolio’s same-store net operating income (SSNOI) increased by 15.0% year-over-year, with the senior housing operating portfolio growing by 20.4%.

Welltower CEO Shankh Mitra stated, “Our Q4 performance demonstrates the continued strong performance of our senior housing platform, with same-store revenue increasing by 9.6%, driven by a 400 basis point improvement in occupancy and a 4.7% increase in revenue per occupied unit.”

In this quarter, Welltower completed approximately $13.9 billion in pro-rata total investments, including the previously announced acquisition in the UK. The company also completed $7.5 billion in pro-rata asset dispositions and loan repayments, exceeding previous expectations.

Looking ahead to 2026, Welltower expects normalized FFO per share attributable to common shareholders to be between $6.09 and $6.25. The company projects an average blended same-store NOI growth of 11.25% to 15.75%, with the senior housing operating segment expected to grow by 15.0% to 21.0%.

As of December 31, 2025, the company maintained a strong balance sheet, with a net debt to adjusted EBITDA ratio of 3.03x and available liquidity of approximately $10.2 billion.

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