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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Vikram Malhotra | Mizuho Securities | 7 (0%) |
| Ron Kamdem | Morgan Stanley | 7 (0%) |
| Mike Carroll | RBC Capital Markets | 7 (0%) |
| Nick Yulico | Scotiabank | 7 (0%) |
| Austin Wurschmidt | KeyBanc Capital Markets | 7 (0%) |
| Juan Sanabria | BMO Capital Markets | 7 (0%) |
| Mike Mueller | JPMorgan | 7 (0%) |
| Jim Kammert | Evercore ISI | 6 (0%) |
| John Kilichowski | Wells Fargo | 5 (0%) |
| Rich Anderson | Cantor Fitzgerald | 5 (20%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Mizuho Securities | 2 | 8 (0%) |
| Green Street | 3 | 8 (13%) |
| Morgan Stanley | 1 | 7 (0%) |
| BMO Capital Markets |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.22B | +29.2% | $0.19 | +26.7% | 12.7% | 5.4% | $545M |
| FY2025 Q1 | $2.39B | +30.5% | $0.40 | +81.8% | 15.8% | 10.8% | $587M |
| FY2025 Q2 | $2.52B | +40.4% | $0.45 | +7.1% | 17.6% |
| 1 |
| 7 (0%) |
| Citigroup | 2 | 7 (0%) |
| KeyBanc Capital Markets | 1 | 7 (0%) |
| JPMorgan | 1 | 7 (0%) |
| RBC Capital Markets | 1 | 7 (0%) |
| 12.0% |
| $761M |
| FY2025 Q3 | $2.63B | +30.7% | $0.40 | -45.2% | 18.1% | 10.7% | $852M |
| FY2025 Q4 | $3.13B | +41.2% | $0.14 | -26.3% | -30.1% | 3.1% | $647M |
| FY2026 Q1 | $3.31B | +38.4% | $1.02 | +155.0% | 16.9% | 22.0% | $282M |
| FY2026 Q2 | $3.59B | +42.7% | $0.61 | +35.6% | 18.3% | 12.4% | $0 |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Welltower delivered record same-store NOI growth of 16.4%, by far the highest in company history, with normalized FFO of $1.47 per share growing 22.5% year-over-year. Management raised full-year FFO per share guidance midpoint by $0.11 to $6.28 as total revenue increased 38% year-over-year. Transformative capital allocation activity continued with strong senior housing occupancy gains and operating margin expansion, while the data science platform advanced toward monetization and balance sheet strength enabled continued deleveraging.
Competitive Dynamics | Capital Allocation | Demand | Innovation & R&D | Revenue Growth | M&A | Pricing | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 2 | 6 | 1 | 2 | 2 | 2 | 2 |
| 2025Q1 | 2 | 3 | 4 | 3 | 1 | 3 | 2 | 2 |
| 2025Q2 | 4 | 3 | 5 | 2 | 5 | 1 | 1 | 2 |
| 2025Q3 | 10 | 6 | 3 | 2 | 4 | 2 | ||
| 2025Q4 | 4 | 5 | 4 | 2 | 4 | 2 | 3 | 3 |
| 2026Q1 | 7 | 6 | 2 | 5 | 2 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 5 | 2 | 4 | 10 | 4 | 7 |
| Capital Allocation | 2 | 3 | 3 | 6 | 5 | 6 |
| Demand | 6 | 4 | 5 | 4 | 2 | |
| Innovation & R&D | 1 | 3 | 2 | 3 | 2 | 5 |
| Revenue Growth | 2 | 1 | 5 | 2 | 4 | 2 |
| M&A | 2 | 3 | 1 | 4 | 2 | 1 |
| Pricing | 2 | 2 | 1 | 2 | 3 | 1 |
| Margin | 2 | 2 | 2 | 3 | 1 |
What WELL and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“In March, we announced the strategic data science partnership with Welltower.”
Public Storage formed a strategic data-science partnership with Welltower combining Welltowers capital allocation platform with PSs pricing and customer analytics.
“an additional $1.3 billion of OM sales to Kayne Anderson.”
Welltower sold $1.3 billion of assets to Kayne Anderson as part of its disposition activity, signaling Kayne Anderson deploying capital into the space Welltower is rotating out of.
“our previously announced acquisition of Amica Senior Lifestyles in premium markets across the GTA and Vancouver.”
Welltower closed its ~$3B acquisition of Amica Senior Lifestyles, adding premium seniors-housing assets in the Greater Toronto Area and Vancouver.
“they're high-quality real estate and our colleagues at Ventas will do very well.”
Welltower evaluated but passed on a senior-housing portfolio that competitor Ventas acquired, characterizing it as high-quality real estate that Ventas will do well with.
“licensing bespoke, supervised and unsupervised models to public storage and a leading global private equity firm.”
Welltower launched its first external data-science partnership, licensing machine-learning models to Public Storage, indicating Public Storage is adopting Welltower's platform to accelerate capital-allocation decisions.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
WELL Welltower | 8 | +38.4% | |
| DOC Healthpeak Properties | 6 | +7.1% | |
| VTR Ventas | 8 | +22.0% |