Welltower Q2 normalized FFO $1.28/share, up 21.9% YoY; raises full-year guidance

WELLTOWER INC.

2025-Q2 EPS reported $0.85 revenue$4,971,331,000

Reported net income $0.45 diluted EPS; normalized FFO $1.28/share (+21.9% YoY).
Total portfolio same-store NOI growth 13.8%; Seniors Housing Operating SSNOI +23.4%.
Board raised quarterly dividend 10.4% to $0.74/share; payable Aug 21, 2025.
Raised 2025 normalized FFO guidance to $5.06–$5.14/share from $4.90–$5.04.
Net Debt/Adj. EBITDA improved to 2.93x from 3.68x YoY; available liquidity ~$9.5B.

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