Welltower Inc. reported third quarter 2026 net income of $415 million and raised its full-year guidance for net income and normalized FFO per diluted share. The company also declared a quarterly cash dividend of $0.85 per share.
Reported net income of $415 million and normalized FFO of $1.67 per diluted share for Q3 2026.
Raised full-year 2026 net income guidance to a range of $3.31 to $3.37 per diluted share.
Declared a quarterly cash dividend of $0.85 per share, payable on November 19, 2026.
Closed or under contract to close $21.0 billion of pro rata gross investments year-to-date.
Welltower entered a new equity distribution agreement allowing it to sell up to $7.5 billion of common stock through sales agents and forward sale agreements, terminating its October 28, 2025 agreement. The filing also registers resale of up to 261,753 shares issued for a recent lease amendment. Because new share sales can dilute existing shareholders, the program matters to current holders, though the filing does not state how much stock has been or will be sold.
New equity distribution agreement dated July 28, 2026 covers up to $7,500,000,000 of common stock (ATM Shares)
Prior equity distribution agreement dated October 28, 2025 was terminated on July 28, 2026
Company may use forward sale agreements; it would receive no proceeds from borrowed-share sales by forward sellers
Resale prospectus supplement covers up to 261,753 shares issued as consideration for a recent lease amendment
Welltower reported second-quarter 2026 revenue of $3.54 billion, up from $2.55 billion a year earlier, and diluted net income of $0.61 per share, up from $0.45. The company raised its 2026 normalized FFO guidance but cut its 2026 net income guidance, and it increased its quarterly dividend 15% to $0.85.
Diluted net income attributable to common stockholders was $0.61 per share, compared with $0.45 a year earlier; total revenues were $3.54 billion, compared with $2.55 billion.
Normalized FFO attributable to common stockholders was $1.60 per diluted share, up 25.0% from $1.28 a year earlier.
2026 normalized FFO guidance was raised to $6.36 to $6.44 per diluted share from $6.21 to $6.35; net income guidance was cut to $3.11 to $3.19 from $3.24 to $3.38.
The quarterly dividend was raised 15% to $0.85 per share, payable August 20, 2026 to holders of record on August 12, 2026.
Welltower OP LLC issued C$750 million of 3.850% notes due 2031 and C$400 million of 4.150% notes due 2033 on July 13, 2026, guaranteed by parent Welltower Inc. The company says it will use the proceeds for general corporate purposes, including debt repayment and funding its healthcare and seniors housing investment pipeline.
2031 Notes: C$750 million at 3.850%, maturing August 15, 2031
2033 Notes: C$400 million at 4.150%, maturing August 15, 2033
Interest is paid semiannually from February 15, 2027, and the notes are senior unsecured, guaranteed by Welltower Inc.
Notes were sold under an underwriting agreement dated July 6, 2026, with RBC, Scotia, TD and BMO as representatives
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
