Welltower Reports Fourth Quarter 2025 Results [Accessibility Statement] Skip NavigationTOLEDO, Ohio, Feb. 10, 2026 /PRNewswire/ -- Welltower Inc. (NYSE:WELL) today announced results for the quarter ended December 31, 2025.Fourth Quarter and Other Recent Highlights- Expanded the previously announced 10 Year Executive Continuity and Alignment Program to include seven Executive Vice Presidents of Welltower who have agreed to a reduced annual salary and a single, long-term equity-based incentive award which is ...

Baron Funds, an investment management company, released its fourth-quarter investor letter for the “Baron Health Care Fund”. A copy of the letter can be downloaded here. The fund rose 13.10% (Institutional Shares) in the quarter, compared to a 11.92% gain for the Russell 3000 Health Care Index (benchmark) and a 2.40% gain for the Russell 3000 Index (the Index). The Fund returned 10.28% for the full year, compared to 14.56% and 17.15% gains for the indexes, respectively. Strong stock selection in biotechnol ...

Toledo, Ohio-based Welltower Inc. (WELL) is a real estate investment trust engaged in investments with senior housing operators, post-acute providers, and health systems. The company has a market cap of $127.3 billion and offers a vast range of property management and development services. Shares of the company have outperformed the broader market over the past year and in 2026. WELL stock has surged 34.4% over the past 52 weeks and has grown 2.9% on a YTD basis. In comparison, the S&P 500 Index ($SPX) ha ...

Technology companies have been the early leaders in adopting AI. They are leveraging this powerful technology to increase efficiency, boost productivity, and enhance their growth. That has helped drive strong returns for tech stock investors. However, tech stocks aren't the only ones benefiting from AI-driven advances. The healthcare sector is starting to capitalize on this technology. That should benefit healthcare REIT Welltower (NYSE: WELL). Where to invest $1,000 right now? Our analyst team just reveal ...

Core Insights - WELL Health Technologies Corp. is focused on leveraging technology to improve health outcomes for healthcare practitioners and patients globally [1] - The company has outlined its strategic priorities for 2026 in a letter to shareholders from its CEO Hamed Shahbazi [1] Company Overview - WELL Health Technologies aims to tech-enable healthcare providers by developing advanced technologies, services, and support [2] - The company operates a comprehensive healthcare and digital platform that includes front and back-office management software applications [2] - WELL supports over 43,000 healthcare providers across the US and Canada and operates the largest owned healthcare ecosystem in Canada with more than 240 clinics [2] - In the US, WELL's solutions target specialized markets such as gastrointestinal, women's health, primary care, and mental health [2]

Core Viewpoint - Welltower Inc. will release its fourth quarter 2025 financial results on February 10, 2026, and will host a conference call on February 11, 2026, to discuss these results [1][2]. Company Overview - Welltower Inc. is an S&P 500 company focused on rental housing for aging seniors in the United States, United Kingdom, and Canada, with a portfolio of over 2,000 seniors and wellness housing communities [3]. - The company positions itself at the intersection of housing and hospitality, aiming to create vibrant communities for mature renters and older adults [3]. - Welltower views itself as an operating company within a real estate framework, emphasizing partnerships and a unique culture [3]. - The company employs a disciplined approach to capital allocation, supported by a Data Science platform and the Welltower Business System, to achieve long-term growth for its investors [3].

Core Insights - Welltower (WELL) shares have increased by 19.4% over the past six months, significantly outperforming the industry average gain of 2.9% [1][8] - The company has a well-diversified portfolio of healthcare real estate assets across key markets in the United States, Canada, and the U.K. [1] Industry Trends - The aging population and rising healthcare expenditures among senior citizens are expected to drive solid demand for Welltower's seniors housing operating portfolio (SHOP) [2][4] - Favorable trends in outpatient medical visits compared to inpatient admissions are anticipated to benefit the outpatient medical (OM) segment [5] Company Strategy - Welltower is focused on enhancing its SHO portfolio through strategic property additions and capital recycling via asset dispositions [6] - From the beginning of the year through October 27, 2025, Welltower completed $5.82 billion in pro-rata gross investments, including $5.47 billion in acquisitions and loan funding [6] Financial Position - As of September 30, 2025, Welltower had $11.9 billion in available liquidity, including $6.9 billion in cash and restricted cash, and full capacity under a $5 billion line of credit [9] - The company's net debt to adjusted EBITDA ratio stands at 2.36X, with a well-laddered debt maturity profile averaging 5.7 years [9]

Core Viewpoint - Welltower Inc (NYSE: WELL) is currently experiencing a rebound from its 20-week moving average and December 2025 lows, with the price maintaining a +50% year-over-year increase, indicating a favorable entry point for bullish investors [1][4]. Group 1: Stock Performance - The stock is bouncing off the 20-week moving average and its December 2025 lows, suggesting a potential upward trend [1][4]. - The price is holding steady at a +50% year-over-year level, which may attract bullish investors [1][4]. Group 2: Options Trading Activity - Short-term options traders are increasingly favoring puts, as indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.35, ranking in the 96th percentile of its annual range [3]. - The options appear affordable, with a Schaeffer's Volatility Index (SVI) of 25%, which is higher than just 25% of all other readings from the past year [3]. - A recommended March call option has a leverage ratio of 9.4, which could double with a 10.4% rise in the underlying equity [3].

REIT Performance Overview - REITs finished December 2025 with a total return of -1.48%, underperforming the broader market indices such as the Dow Jones Industrial Average (+0.92%), S&P 500 (+0.06%), and NASDAQ (-0.09%) [1] - The Vanguard Real Estate ETF (VNQ) had a December return of -2.24%, but outperformed the average REIT over the full year with a return of +3.26% compared to -3.57% for the average REIT [1] - The spread between the 2026 FFO multiples of large cap REITs (15.9x) and small cap REITs (12.7x) narrowed, with large caps contracting by 0.3 turns and small caps by 0.1 turns [1] Monthly Performance by Market Capitalization - In December, only small cap REITs had a positive total return of +0.51%, while mid caps (-1.77%), large caps (-2.55%), and micro caps (-3.88%) all finished in the red [3] - For the full year 2025, small cap REITs outperformed large caps by 240 basis points [3] Monthly Performance by Property Type - Half of the REIT property types averaged positive returns in December, with a total return spread of 13.22% between the best (Malls +6.19%, Single Family Housing +5.20%) and worst performing property types (Infrastructure -7.02%, Office -6.79%) [5][6] - The average return for REITs in December was -1.48%, with 9 out of 18 property types showing positive returns [5][6] Year-to-Date Performance by Property Type - For the full year 2025, the worst performing property types included Office (-22.07%), Infrastructure (-20.08%), and Land (-15.77%), all averaging double-digit negative total returns [7] - The top performing property types for the year were Health Care (+25.74%), Advertising (+25.50%), and Malls (+15.56%) [7] FFO Multiples and Valuation Trends - The average P/FFO for the REIT sector decreased from 13.7x to 13.4x during December, with 22.2% of property types experiencing multiple expansion and 72.2% seeing contraction [8] - Data Centers (22x), Land (21x), Manufactured Housing (17.5x), and Shopping Centers (16.5x) had the highest average multiples among REIT property types, while Hotels (7.7x) and Office (8.1x) were the only types with single-digit FFO multiples [8][9] Notable Individual Securities - Paramount Group (PGRE) was acquired by Rithm Capital Corp. for $6.60/share on December 19, marking the end of its trading [10] - Alexander & Baldwin (ALEX) was the best performing REIT in December with a gain of +34.29%, driven by news of its acquisition by Blackstone Real Estate and others for $21.20/share [11] - Fermi (FRMI) experienced the steepest losses in December at -51.49% after a major tenant canceled a $150 million agreement [12] Overall Market Sentiment - 42.04% of REITs had a positive total return in December, while 38.36% were in the black for the full year [13] - The average total return for REITs in 2025 was -3.57%, significantly lower than the +3.70% return for the sector in 2024 [13]

Company Overview - Welltower Inc. is a real estate investment trust based in Toledo, Ohio, focusing on investments with senior housing operators, post-acute providers, and health systems. The company has a market capitalization of $127.7 billion and is expected to release its Q4 2025 earnings soon [1]. Earnings Expectations - Analysts anticipate Welltower to generate earnings of $1.41 per share for Q4 2025, representing a 24.8% increase from $1.13 per share reported in the same quarter last year. The company has consistently surpassed bottom-line estimates in the past four quarters [2]. - For fiscal 2025, analysts expect an EPS of $5.28, indicating a 22.2% increase from $4.32 reported in fiscal 2024. Additionally, EPS is projected to rise 14.2% year over year to $6.03 in fiscal 2026 [3]. Stock Performance - Welltower's shares have surged 49.6% over the past 52 weeks, significantly outperforming the S&P 500 Index's 19.7% rise and the State Street Real Estate Select Sector SPDR ETF's 3.7% return during the same period [4]. - Following the release of better-than-expected Q3 2025 earnings on October 27, Welltower's stock grew 2.6%. The company's total revenue for the quarter increased 30.6% year over year to $2.7 billion, surpassing estimates. Normalized FFO per share grew 20.7% from the previous year to $1.34, also beating Wall Street's expectations [5]. Analyst Ratings - The consensus opinion among analysts is very optimistic, with a "Strong Buy" rating overall. Out of 19 analysts covering the stock, 14 recommend a "Strong Buy," two suggest a "Moderate Buy," and three recommend a "Hold." The average analyst price target for Welltower is $212.89, indicating a potential upside of 14% from current levels [6].