Quarterly ResultApr 28, 2026, 04:13 PM
WELL Q1 Same Store NOI +16.4%; SHO NOI +22.1%
AI Summary
WELLTOWER INC. reported strong financial and operational performance for the first quarter of 2026, with a significant 16.4% increase in total Same Store Net Operating Income (NOI). The Seniors Housing Operating (SHO) portfolio was a key driver, showing a 22.1% year-over-year NOI growth and achieving 89.0% occupancy. The company also engaged in substantial investment activity, with $3.2 billion in acquisitions and loan funding and $2.8 billion in dispositions and loan repayments, leading to net investments of $509.5 million.
Key Highlights
- WELL Q1 2026 Same Store NOI increased by 16.4% to $721,961,000.
- Seniors Housing Operating (SHO) Same Store NOI grew 22.1% to $531,817,000.
- SHO Same Store Occupancy reached 89.0% in Q1 2026.
- Total acquisitions and loan funding for Q1 2026 amounted to $3,215,360,000.
- Total dispositions and loan repayments were $2,779,545,000, resulting in net investments of $509,499,000.
- Adjusted EBITDA for Q1 2026 was $1,249,506,000.
- Net Debt to Adjusted EBITDA ratio stood at 2.73x.
- Debt maturities for 2026 total $2,933,539,000 with a weighted average interest rate of 4.35%.