Q3 25 EPS
$0.41
MISS 21.15%
Est. $0.52
Q3 25 Revenue
$2.69B
MISS 0.66%
Est. $2.70B
vs S&P Since Q3 25
+8.9%
BEATING MARKET
WELL +16.3% vs S&P +7.4%
Market Reaction
Did WELL Beat Earnings? Q3 2025 Results
Welltower posted a mixed third quarter for fiscal 2025, with GAAP earnings of $0.41 per diluted share falling 22.64% short of the $0.53 consensus estimate, even as revenue climbed 33.5% year-over-year to $2.69 billion, just a hair below the $2.70 bil… Read more Welltower posted a mixed third quarter for fiscal 2025, with GAAP earnings of $0.41 per diluted share falling 22.64% short of the $0.53 consensus estimate, even as revenue climbed 33.5% year-over-year to $2.69 billion, just a hair below the $2.70 billion Wall Street had anticipated. The GAAP earnings miss, however, obscures a far more consequential story: the company unveiled a landmark $23 billion-plus transaction package that will fundamentally reshape its portfolio toward seniors housing. Normalized FFO per diluted share rose 20.7% to $1.34, powered by 20.3% same-store NOI growth in the Seniors Housing Operating segment and occupancy reaching 88.9%. The strategic pivot includes a $5.20 billion Barchester Healthcare acquisition in the U.K. And the $7.20 billion sale of its outpatient medical portfolio, moves that will push seniors housing toward the mid-80% range of in-place NOI. Institutional investors have taken note of Welltower's evolving positioning within the broader real estate sector landscape. Full-year 2025 normalized FFO guidance was raised to $5.24–$5.30 per share.
Key Takeaways
- • SHO same store NOI growth of 20.3% year-over-year
- • 400 basis points year-over-year average occupancy growth in SHO portfolio to 88.9%
- • SHO RevPOR growth of 4.8% year-over-year
- • SHO same store margin expansion of 260 basis points to 29.9%
- • Total portfolio same store NOI growth of 14.5%
- • Normalized FFO per share growth of 20.7% year-over-year
WELL YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
WELL Revenue by Segment
With YoY comparisons, source: SEC Filings
WELL Revenue by Geography
With YoY comparisons, source: SEC Filings
“Today's announcements mark a watershed moment in Welltower's history as we continue to evolve: intensifying the Company's focus on seniors housing and accelerating the operational and technological modernization of the business through the Welltower Business System.”
— Shankh Mitra, Q3 2025 Earnings Press Release
WELL Earnings Trends
WELL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WELL EPS Trend
Earnings per share: estimate vs actual
WELL Revenue Trend
Quarterly revenue: estimate vs actual
WELL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.50 | $1.47 | +194.00% | $3.35B | +4.83% |
| Q4 25 MISS FY | $0.59 | $0.14 | -76.27% | $3.18B | +6.35% |
| FY Full Year | — | $1.39 | — | $10.84B | — |
| Q3 25 MISS | $0.52 | $0.41 | -21.15% | $2.69B | -0.66% |
| Q2 25 MISS | $0.45 | $0.45 | -0.16% | $2.55B | +2.49% |
| Q1 25 BEAT | $0.38 | $0.40 | +5.26% | $2.42B | -0.09% |