Quarterly ResultApr 29, 2026, 07:02 AM
WELL Q1 Net Income $728.7M (+182%); Revenue $3.35B (+38%); Amica Acquisition
AI Summary
WELLTOWER INC. reported strong financial results for the first quarter of 2026, with net income attributable to common stockholders surging 182% to $728.7 million and total revenues increasing 38% to $3.35 billion. Diluted EPS also saw a significant rise to $1.02. The company continued its strategic expansion with the acquisition of Amica Senior Lifestyles for C$4.0 billion post-quarter, while recent acquisitions of Barchester Healthcare and HC-One Group significantly contributed to Q1 revenues. WELL also executed on its disposition strategy, selling 60 Outpatient Medical properties for $1.38 billion.
Key Highlights
- Net income attributable to common stockholders was $728.7 million, up 182% from $258.0 million YoY.
- Total revenues reached $3.35 billion, a 38% increase from $2.42 billion YoY.
- Diluted earnings per share (EPS) was $1.02, up 155% from $0.40 YoY.
- Acquired Amica Senior Lifestyles, a Canadian portfolio of 34 seniors housing communities, for C$4.0 billion on April 1, 2026.
- Barchester Healthcare acquisition contributed $238.8 million to Q1 2026 total revenue.
- HC-One Group acquisition contributed $289.1 million to Q1 2026 total revenue.
- Disposed of 60 Outpatient Medical properties for $1.38 billion, recognizing a gain of $446.6 million.
- Dividends declared and paid per common share increased to $0.74 from $0.67 YoY.