WS Investor
28 Apr 2025, 20:32
Welltower reports first quarter 2025 results
Welltower reported first quarter 2025 net income attributable to common stockholders of $0.40 per diluted share and normalized funds from operations (FFO) of $1.20 per diluted share, reflecting an 18.8% increase year-over-year. The company achieved total portfolio same store net operating income (SSNOI) growth of 12.9%, led by a 21.7% surge in its Seniors Housing Operating (SHO) portfolio. Investments during the quarter totaled $2.8 billion, including acquisitions, loan funding, and development projects, while liquidity improved to approximately $8.6 billion. Additionally, S&P and Moody’s upgraded Welltower’s credit ratings to "A-" and "A3," respectively.
The company updated its 2025 guidance, raising its normalized FFO outlook to a range of $4.90 to $5.04 per diluted share and projecting net income guidance between $1.70 and $1.84 per diluted share. Welltower also announced the acquisition of a C$4.6 billion portfolio of ultra-luxury seniors housing communities operated by Amica Senior Lifestyles, expected to close in late 2025 or early 2026. A dividend of $0.67 per share for the first quarter was declared, marking the 216th consecutive quarterly dividend by the company.
Welltower reported first quarter 2025 net income attributable to common stockholders of $0.40 per diluted share and normalized funds from operations (FFO) of $1.20 per diluted share, reflecting an 18.8% increase year-over-year. The company achieved total portfolio same store net operating income (SSNOI) growth of 12.9%, led by a 21.7% surge in its Seniors Housing Operating (SHO) portfolio. Investments during the quarter totaled $2.8 billion, including acquisitions, loan funding, and development projects, while liquidity improved to approximately $8.6 billion. Additionally, S&P and Moody’s upgraded Welltower’s credit ratings to "A-" and "A3," respectively.
The company updated its 2025 guidance, raising its normalized FFO outlook to a range of $4.90 to $5.04 per diluted share and projecting net income guidance between $1.70 and $1.84 per diluted share. Welltower also announced the acquisition of a C$4.6 billion portfolio of ultra-luxury seniors housing communities operated by Amica Senior Lifestyles, expected to close in late 2025 or early 2026. A dividend of $0.67 per share for the first quarter was declared, marking the 216th consecutive quarterly dividend by the company.
