Welltower reported net income attributable to common stockholders of $0.45 per diluted share and quarterly normalized FFO attributable to common stockholders of $1.28 per diluted share for Q2, an increase of 21.9% over the prior year. The company reported total portfolio year-over-year same store NOI growth of 13.8%, with Seniors Housing Operating portfolio growth of 23.4%.

1. 01

   Welltower reported net income attributable to common stockholders of $0.45 per diluted share and quarterly normalized FFO attributable to common stockholders of $1.28 per diluted share for Q2, an increase of 21.9% over the prior year. The company reported total portfolio year-over-year same store NOI growth of 13.8%, with Seniors Housing Operating portfolio growth of 23.4%.

2. 02

   Welltower revised its full-year net income attributable to common stockholders guidance to a range of $1.86 to $1.94 per diluted share from $1.70 to $1.84 per diluted share, and its normalized FFO guidance to a range of $5.06 to $5.14 per diluted share from $4.90 to $5.04 per diluted share. The Board of Directors declared a quarterly cash dividend of $0.74 per share, which will be the 217th consecutive quarterly cash dividend.

3. 03

   As of June 30, 2025, Welltower reported Net Debt to Adjusted EBITDA of 2.93x compared to 3.68x as of June 30, 2024, and Adjusted Fixed Charge Coverage Ratio of 6.33x compared to 5.09x. The company had approximately $9.5 billion of available liquidity, inclusive of $4.5 billion of available cash and restricted cash and full capacity under its $5.0 billion line of credit.

4. 04

   In Q2, Welltower completed $1.2 billion of pro rata gross investments, including $113 million in development funding. In June, the company repaid $1.25 billion of 4.0% senior unsecured notes at maturity and completed the issuance of $600 million of 4.5% senior unsecured notes due 2030 and $650 million of 5.125% senior unsecured notes due 2035.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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