---
schema_version: "secwatch.filing_event.v1"
accession: "0000766704-25-000018"
form_type: "8-K"
ticker: "WELL"
cik: "0000766704"
company_name: "WELLTOWER INC."
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T05:23:24.081333+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Welltower Q1 normalized FFO $1.20/share, +18.8% YoY; raises FY 2025 guidance

## Summary
- Net income $0.40/diluted share; normalized FFO $1.20/diluted share, up 18.8% YoY.
- Total portfolio same-store NOI growth of 12.9%; Seniors Housing Operating SSNOI growth of 21.7%.
- Completed $2.8B of gross investments; announced acquisition of 38 ultra-luxury seniors housing communities for C$4.6B.
- Credit rating upgraded to A- (S&P) and A3 (Moody's); net debt/EBITDA improved to 3.33x.
- Board declared Q1 dividend of $0.67/share; FY 2025 normalized FFO guidance raised to $4.90-$5.04.

## SEC filing metadata
- accession: 0000766704-25-000018
- form_type: 8-K
- ticker: WELL
- cik: 0000766704
- company_name: WELLTOWER INC.
- filed_at: 2025-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/766704/000076670425000018/0000766704-25-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/766704/000076670425000018/well-20250428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000766704-25-000018
- JSON: https://secwatch.observer/filing/0000766704-25-000018.json
- Plain text: https://secwatch.observer/filing/0000766704-25-000018.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.