Welltower Reports Second Quarter 2025 Results

TOLEDO, Ohio , July 28, 2025 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) today announced results for the quarter ended June 30, 2025. Second Quarter and Other Recent Highlights Reported net income attributable to common stockholders of $0.45 per diluted share Reported quarterly normalized funds from operations attributable to common stockholders of $1.28 per diluted share, an increase of 21.9% over the prior year Reported total portfolio year-over-year same store NOI ("SSNOI") growth of 13.8%, driven by SSNOI growth in our Seniors Housing Operating ("SHO") portfolio of 23.4% SHO portfolio year-over-year same store revenue increased 10.1% in the second quarter, driven by 420 basis points ("bps") of year-over-year average occupancy growth and Revenue Per Occupied Room ("RevPOR") growth of 4.9% SHO portfolio year-over-year SSNOI margin expanded by 330 bps in the second quarter driven primarily by strong RevPOR growth, which continued to meaningfully outpace Expense per Occupied Room ("ExpPOR") growth Announced $9.2 billion of pro rata investment activity year-to-date, exclusive of development funding, which includes $3.7 billion closed in the first half of 2025 and additional transaction activity closed or under contract to close as of July 28, 2025 Reported Net Debt to Adjusted EBITDA of 2.93x at June 30, 2025 compared to 3.68x at June 30, 2024 Reported Adjusted Fixed Charge Coverage Ratio of 6.33x at June 30, 2025 compared to 5.09x at June 30, 2024 Board of Directors announced a 10.4% increase in the quarterly dividend, reflecting solid financial performance and the Board's confidence in the durability of outsized levels of cash flow growth.