Welltower Reports 28.3% Increase in Q4 Normalized FFO and Announces Major Acquisitions

Summary

Welltower Inc. announced its fourth quarter 2025 financial results, reporting a 28.3% increase in normalized funds from operations (FFO) to $1.45 per diluted share. The company also reported net income attributable to common stockholders of $0.14 per diluted share for the quarter. Welltower completed $13.9 billion of pro rata gross investments and $7.5 billion of dispositions during the quarter. The company announced the acquisition of a real estate portfolio in the U.K. for approximately £5.2 billion and the sale of an 18 million square foot Outpatient Medical (OM) portfolio in a transaction valued at approximately $7.2 billion. Additionally, Welltower declared a cash dividend of $0.74 per share for the quarter, to be paid on March 10, 2026. For 2026, the company expects normalized FFO in the range of $6.09 to $6.25 per diluted share.