October 27, 2025 For more information contact:
Tim McHugh (419) 247-2800
Welltower Reports Third Quarter 2025 Results Toledo, Ohio, October 27, 2025 ….. Welltower Inc. (NYSE:WELL ) today announced results for the quarter ended September 30, 2025.
Third Quarter and Other Recent Highlights
• Reported net income attributable to common stockholders of $0.41 per diluted share
• Reported quarterly normalized funds from oper ations attributable to common stockholders of $1.34 per diluted share, an increase of 20.7% over the prior year
• Reported total portfolio year-over-year same store NOI ("SSNOI") growth of 14.5%, driven by SSNOI growth in our Seniors Housing Operating ("SHO") portfolio of 20.3%
• SHO portfolio year-over-year same store margin expanded by 260 basis points ("bps") driven by increased same store revenue of 9.7% in the third quarter which was the result of 400 bps of year-over-year average occupancy growth and Revenue Per Occupied Room ("RevPOR") growth of 4.8%
• During the third quarter, we completed $1.9 billion of pro rata gross investments, including $1.8 billion in acquisitions and loan funding and $96 million in development funding
• Announced $23 billion of additional transaction activity closed or under contract to close as of October 27, 2025, anchored by $14 billion of pro rata gross investments, primarily comprised of the acquisition of seniors housing communities in the U.S. and U.K. Additionally, announced $9 billion of pro rata dispositions including the sale of an outpatient medical real estate portfolio and loan repayments
• As of September 30, 2025, reported Net Debt to Adjusted EBITDA of 2.36x and approximately $11.9 billion of available liquidity inclusive of $6.9 billion of available cash and restricted cash and full capacity under our $5.0 billion line of credit. Additionally, through disposition proceeds, loan payoffs and other capital raising, acquisitions under contract are fully funded
• Appointed Jeff Stott, formerly with Extra Space Storage, as Welltower's Chief Technology Officer
Filing figures are from this filing. Earlier figures are from past filings.