Q2 2026 Welltower Inc Earnings Call Transcript
Key Points
- Welltower Inc (WELL) reported a record quarter with a 25% year-over-year increase in partial FFO growth, reflecting strong demand in the senior housing sector.
- The company increased its full-year FFO guidance midpoint by $0.12 to $6.40 per share, indicating confidence in continued growth.
- Revenue and adjusted EBITDA grew by 39% and 36% respectively, showcasing robust financial performance.
- Same-store occupancy increased by 330 basis points year over year, demonstrating strong occupancy gains.
- Welltower Inc (WELL) announced a 15% increase in its quarterly dividend to $0.85 per share, reflecting confidence in its growth trajectory and financial health.
- The company faced nearly $1 billion in dispositions during the quarter, which could impact short-term financial performance.
- Despite strong performance, the macroeconomic and geopolitical environment remains highly uncertain, posing potential risks.
- The company is experiencing near-term dilution from $3.6 billion of dispositions completed year to date.
- Welltower Inc (WELL) is navigating a challenging environment with rising interest rates and economic uncertainty.
- The company acknowledges the need for continued investment in operations and technology to maintain its competitive edge.
Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome everyone to the Welltower second-quarter 2026 earnings call. (Operator Instructions)
I would now like to turn the conference over to Matt McQueen, Chief Legal Officer and General Counsel. Matt, please go ahead.
Thank you and good morning. As a reminder, certain statements made during this call may be deemed forward-looking statements in the meaning of the Private Securities Litigation Reform Act. Although Welltower believes any forward-looking statements are based on reasonable assumptions, the company can give no assurances that its projected results will be attained. Factors that could cause actual results to differ materially from those in the forward-looking statements are detailed in the company's filings with the SEC.
With that, I'll hand the call over to Shankh for his remarks.
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