Welltower Q2 Earnings Rise 18.7% YoY to $301.88mln, Revenue Up 41.7%

Welltower Inc. reported a Q2 profit of $301.88 million, or $0.45 per share, up from $254.71 million, or $0.42 per share, last year. Revenue rose 41.7% to $2.584 billion from $1.824 billion.

Welltower Inc. (NYSE: WELL) reported robust second-quarter (Q2) 2025 results, with a profit of $301.88 million, or $0.45 per share, up from $254.71 million, or $0.42 per share, in Q2 2024 [1]. Revenue surged 41.7% to $2.584 billion from $1.824 billion, driven by a significant increase in same-store net operating income (SSNOI) growth. The company's total portfolio SSNOI climbed 13.8% year-over-year (YoY), with the Senior Housing Operating (SHO) portfolio contributing 23.4% YoY growth [2].

The healthcare real estate investment trust (REIT) also raised its full-year 2025 normalized funds from operations (FFO) per share guidance to $5.06-$5.14 (midpoint $5.10), surpassing the $5.01 average analyst estimate and up from the previous view of $4.90-$5.04 (midpoint $4.97) [1]. The improved outlook reflects strong demand for senior housing and assisted living properties, which are core components of Welltower's portfolio.

Welltower's Q2 results were buoyed by a 21.9% increase in normalized FFO per share to $1.28, exceeding the $1.23 consensus estimate. The company's total portfolio year-over-year SSNOI growth of 13.8% was driven by the SHO portfolio's 23.4% growth, with year-over-year same-store revenue in the SHO portfolio increasing by 10.1% [2].

The company's total revenue of $2.584 billion in Q2 2025 exceeded the $2.49 billion expected, advancing from $2.42 billion in Q1 2025 and $1.824 billion in Q2 2024. Expenses totaled $2.25 billion in Q2 2025, up from $2.22 billion in Q1 2025 and $1.73 billion in Q2 2024 [1].

Welltower's shares inched up 0.1% in after-hours trading following the announcement. The company's credit rating was upgraded by S&P Global Ratings to 'A-' and by Moody's Investor Services to 'A3' in March 2025 [3].

Welltower Inc. continues to demonstrate strong performance and growth potential, driven by its diversified portfolio and the secular tailwinds of aging demographics and wellness trends. Investors should closely monitor the company's progress and the broader healthcare REIT sector for future opportunities.

References:
[1] https://seekingalpha.com/news/4472926-welltower-boosts-normalized-ffo-guide-after-q2-results-beat
[2] https://www.morningstar.com/news/pr-newswire/20250728cl38854/welltower-reports-second-quarter-2025-results
[3] https://welltower.com/28-april-2025-business-update