Jul. 27 at 11:55 PM
Welltower reported strong Q2 2026 results, with revenue of
$3.54 billion easily surpassing Wall Street estimates of
$3.36 billion and rising 39.1% year over year. Normalized funds from operations (FFO) came in at
$1.60 per diluted share, slightly below the
$1.66 consensus estimate, but investors largely focused on the company's exceptional top-line growth.
Sentiment was further boosted by Mizuho raising its price target to
$260 from
$239 on the day of the earnings release, adding to a series of recent analyst upgrades. Welltower's senior housing portfolio continued to benefit from favorable demographic trends and limited new supply, supporting confidence in the company's long-term growth outlook.
Shares jumped in after-hours trading as investors looked past the modest FFO miss and focused on the substantial revenue beat, strong operating momentum, and growing analyst optimism.
$WELL