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WELL Q3 2026 Normalized FFO per diluted share $1.67, Beat Guidance by +$0.07 WELL beat prior Q3 2026 Normalized FFO per diluted share guidance by +$0.07. Normalized FFO per diluted share was raised by +$0.11 to $6.47 to $6.53 (midpoint $6.50). Total portfolio same-store NOI grew 15.8% year-over-year, driven by Seniors Housing Operating segment growth of 21.0%.
Published October 26, 2026 at 5:09 PM EDT WELLTOWER INC. SEC filing
Guidance comparison Normalized FFO per diluted share Q3 2026
$1.67 Guide $1.60 (implied from $6.40 FY midpoint / 4) | beat | +$0.07 | +4.4%
Net income per diluted share Q3 2026
$0.54 Guide $0.79 (implied from $3.15 FY midpoint / 4) | miss | $-0.25 | -31.6%
NAREIT FFO per diluted share Q3 2026
$1.42 Guide $1.56 (implied from $6.25 FY midpoint / 4) | miss | $-0.14 | -9.0%
Guidance updates Normalized FFO per diluted share FY 2026
$6.47 to $6.53 (midpoint $6.50) Prior $6.36 to $6.44 (midpoint $6.40) | raised | +$0.11
Net income attributable to common stockholders per diluted share FY 2026
$3.31 to $3.37 (midpoint $3.34) Prior $3.11 to $3.19 (midpoint $3.15) | raised | +$0.20
NAREIT FFO per diluted share FY 2026
$6.07 to $6.13 (midpoint $6.10) Prior $6.21 to $6.29 (midpoint $6.25) | cut | $-0.14
Seniors Housing Operating SSNOI growth FY 2026
20.25% to 21.75% (midpoint 21.0%) Prior 18.5% to 21.5% (midpoint 20.0%) | raised | +1.8 pts
Total portfolio SSNOI growth FY 2026
15.0% to 16.25% (midpoint 15.6%) Prior 13.75% to 16.00% (midpoint 14.9%) | raised | +1.2 pts
General and administrative expenses FY 2026
$267 million-$272 million (midpoint $269.5 million) Prior $260 million-$270 million (midpoint $265 million) | raised | +$4.5M
Forward guidance Normalized FFO attributable to common stockholders per diluted share FY 2026
$6.47 - $6.53 +18.0% vs. $5.29 FY2025 normalized FFO
Net income attributable to common stockholders per diluted share FY 2026
$3.31 - $3.37 +22.9% vs. $2.72 FY2025 (implied)
Seniors Housing Operating SSNOI growth FY 2026
20.25% - 21.75% 21.0% Y/Y
Seniors Housing Triple-net SSNOI growth FY 2026
3.5% - 4.5% 4.0% Y/Y
Skilled Nursing SSNOI growth FY 2026
2.0% - 3.0% 2.5% Y/Y
Total portfolio SSNOI growth FY 2026
15.0% - 16.25% 15.6% Y/Y
General and administrative expenses FY 2026
$267 million - $272 million
Key takeaways Normalized FFO of $1.67 per diluted share in Q3 2026 increased 24.6% year-over-year from $1.34 in Q3 2025.
Net income attributable to common stockholders was $0.54 per diluted share versus $0.41 in the prior year quarter.
FY2026 normalized FFO guidance raised by $0.07-$0.13 to $6.47-$6.53 per diluted share from $6.36-$6.44.
FY2026 net income per diluted share guidance raised by $0.20 to $0.18 to $3.31-$3.37 from $3.11-$3.19.
Total portfolio SSNOI growth of 15.8% year-over-year with Seniors Housing Operating segment growing 21.0%.
Seniors Housing Operating portfolio organic same-store revenue growth of 9.1% driven by 320 bps of average occupancy growth and 5.3% RevPOR growth.
Net Debt to Adjusted EBITDA was 3.02x as of September 30, 2026 with approximately $9.5 billion of available liquidity.
Key metrics Normalized FFO per diluted share Q3 2026
$1.67 +24.6%
Net income attributable to common stockholders per diluted share Q3 2026
$0.54 +31.7%
Total revenues Q3 2026
$3.72 billion +38.4%
Net income Q3 2026
$415 million +47.0%
Seniors Housing Operating SSNOI growth Q3 2026
21.0% +21.0%
Total portfolio SSNOI growth Q3 2026
15.8% +15.8%
Net Debt to Adjusted EBITDA Q3 2026
3.02x
Adjusted EBITDA Q3 2026
$1.43 billion (quarterly annualized $5.72 billion) +35%
Primary source TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.
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