Q2 FY2026 EarningsQ2 FY26 results beat consensus on revenue and operating margins, though GAAP Diluted EPS of $0.61 was in-line with the $0.6138 mean expectation. Total revenue of $3.54B exceeded the $3.39B forecast by 4.66%, driven by a 21.0% YoY surge in Seniors Housing Operating (SHO) same-store NOI. Property-level operating margins (NOI margin) reached 39.34%, significantly outperforming the 36.00% consensus estimate. Management reinforced growth momentum by announcing a $5B+ SHO acquisition pipeline for H2 FY26, suggesting further earnings acceleration.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Welltower Op(WELL) the Revenue is 3.545 B (+39.1%), Beat estimate;the EBIT is 589.21 M (+24.22%), Miss estimate;the EPS is 0.61 (+35.56%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
3.54B39.10%
3.39B32.90%
+0.16B6.20%
EBITMiss expectations
0.59B24.22%
0.67B40.66%
-0.08B16.44%
EPSMiss expectations
0.6135.56%
0.613836.40%
-0.00380.84%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf