Welltower Inc. (WELL) Q2 FY2026 8-K Filings and Company Events

Filings that contain financial statements

• 8-K filed July 27, 2026 (accession 0000766704-26-000026), Exhibit 99.1: unaudited consolidated balance sheets as of June 30, 2026 and June 30, 2025, and consolidated statements of income for the three and six months ended June 30, 2026 and 2025 (Second Quarter 2026 results).
• 8-K filed April 28, 2026 (accession 0000766704-26-000018), Exhibit 99.1: unaudited consolidated balance sheets as of March 31, 2026 and March 31, 2025, and consolidated statements of income for the three months ended March 31, 2026 and 2025 (First Quarter 2026 results).
• 8-K filed February 10, 2026 (accession 0000766704-26-000005), Exhibit 99.1: unaudited consolidated balance sheets as of December 31, 2025 and December 31, 2024, and consolidated statements of income for the three and twelve months ended December 31, 2025 and 2024 (Fourth Quarter and full-year 2025 results).
• 8-K filed October 27, 2025 (accession 0000766704-25-000037), Exhibit 99.1: unaudited consolidated balance sheets as of September 30, 2025 and 2024, and consolidated income statement data for the three and nine months ended September 30, 2025 (Third Quarter 2025 results); Exhibit 99.2 supplement carries the accompanying property-level detail.
• 8-K filed July 28, 2025 (accession 0000766704-25-000027), Exhibit 99.1: unaudited consolidated balance sheets as of June 30, 2025 and 2024, and consolidated income statement data for the three and six months ended June 30, 2025 (Second Quarter 2025 results), the prior-year comparative period for the FY26Q2 release above.

Earnings and guidance

Second quarter 2026 (accession 0000766704-26-000026, filed July 27, 2026). Welltower reported net income attributable to common stockholders of $0.61 per diluted share and normalized FFO of $1.60 per diluted share, up 25.0% year-over-year. Total-portfolio same-store NOI grew 15.5%, led by 20.5% growth in the Seniors Housing Operating (SHO) segment. Full-year 2026 guidance was revised: net income attributable to common stockholders to $3.11–$3.19 per diluted share (from $3.24–$3.38), and normalized FFO raised to $6.36–$6.44 per diluted share (from $6.21–$6.35).

First quarter 2026 (accession 0000766704-26-000018, filed April 28, 2026). Net income attributable to common stockholders was $1.02 per diluted share; normalized FFO was $1.47 per diluted share, up 23% year-over-year. Same-store NOI grew 16.4% (SHO up 22.1%). Full-year 2026 guidance was raised to $3.24–$3.38 per diluted share net income (from $3.11–$3.27) and $6.21–$6.35 per diluted share normalized FFO (from $6.09–$6.25).

Fourth quarter and full-year 2025 (accession 0000766704-26-000005, filed February 10, 2026). Fourth-quarter net income attributable to common stockholders was $0.14 per diluted share; normalized FFO was $1.45 per diluted share, up 28.3% year-over-year. Full-year 2025 net income attributable to common stockholders was $1.39 per diluted share and normalized FFO was $5.29 per diluted share, up 22.5% year-over-year. Initial 2026 guidance was introduced: $3.11–$3.27 per diluted share net income and $6.09–$6.25 per diluted share normalized FFO.

Third quarter 2025 (accession 0000766704-25-000037, filed October 27, 2025). Results were announced alongside a separate transactions press release (see M&A section below).

M&A and portfolio transactions

Barchester and HC-One acquisitions (U.K.), closed October 2025. Per the Exhibit 99.3 press release furnished with the October 27, 2025 8-K (accession 0000766704-25-000037) and confirmed as completed in the February 10, 2026 fourth-quarter earnings release (accession 0000766704-26-000005), Welltower acquired a U.K. real estate portfolio operated by Barchester for approximately £5.2 billion, 111 communities in a RIDEA structure, 150 (originally announced as 152) communities under a long-term triple-net lease, and 21 developments, and separately acquired 100% of the equity of a portfolio operated by HC-One for £1.2 billion, funding a portion of the purchase price through the repayment to Welltower of an existing £660 million loan it had originated at the height of the COVID-19 pandemic. The 10-Q for the quarter ended June 30, 2026 (accession 0000766704-26-000030) records $908,605,000 of the HC-One consideration as settlement of existing contractual arrangements, primarily attributable to settlement of the existing real estate loan receivable of $882,326,000, which reduced the cash consideration paid. Together with roughly $4 billion of additional U.S. seniors-housing acquisitions (nearly 40 transactions, over 150 communities), total announced/closed transaction volume was described as $23 billion, funded in part through the sale of an 18-million-square-foot outpatient medical (OM) portfolio valued at approximately $7.2 billion, which the October 2025 announcement described as being sold in multiple tranches through mid-2026 and which the 10-Q for the quarter ended June 30, 2026 (accession 0000766704-26-000030) describes as continuing to occur in tranches expected to close by the end of 2026.

Amica Senior Lifestyles acquisition (Canada), closed April 1, 2026. Per the first-quarter and second-quarter 2026 earnings releases (accessions 0000766704-26-000018 and 0000766704-26-000026), Welltower completed the previously announced acquisition of a Canadian portfolio of 38 seniors housing communities for a pro rata purchase price of C$4.1 billion, consisting of C$3.5 billion of cash and the assumption of C$617 million of secured debt at an average interest rate of 3.6%. A further five properties under development in the same transaction closed on July 2, 2026 for a pro rata purchase price of C$647 million, expected to be completed by the end of 2027.

Post-quarter acquisition pipeline (July 2026), >$5 billion closed or expected to close, subject to closing conditions. Per the 10-Q for the quarter ended June 30, 2026 (accession 0000766704-26-000030), Welltower disclosed, as a subsequent event, more than $5 billion of seniors housing acquisitions closed or expected to close in the second half of 2026; the not-yet-closed portion is contingent on customary closing conditions and regulatory approvals, and no individual targets or prices are disclosed. The second-quarter 2026 earnings release (accession 0000766704-26-000026) quantifies the same activity within its full year-to-date total of $15.5 billion of pro rata gross investments closed or under contract: $9.4 billion closed in the six months ended June 30, 2026, versus $6.1 billion closed or under contract to close after quarter end (excluding development funding).

Outpatient medical (OM) portfolio disposition, in progress. The roughly $7.2 billion, 18-million-square-foot OM portfolio sale continues in tranches: $5.2 billion of pro rata proceeds closed in the fourth quarter of 2025 (accession 0000766704-26-000005), gross proceeds of $298 million closed in the second quarter of 2026, with eight properties remaining as of June 30, 2026 expected to close before year-end 2026 (accession 0000766704-26-000026).

Private funds management. Welltower closed its first private fund, Seniors Housing Fund I, with approximately $2.5 billion of total equity commitments (ADIA as anchor investor) and launched a second vehicle, Seniors Housing Debt Fund I, during the fourth quarter of 2025 (accession 0000766704-26-000005).

Capital markets and balance sheet

• July 13, 2026 (accession 0001193125-26-302020): Welltower OP LLC issued C$750 million of 3.850% notes due 2031 and C$400 million of 4.150% notes due 2033, guaranteed by Welltower Inc. on a senior unsecured basis, with proceeds intended for general corporate purposes including debt repayment and investment pipeline funding.
• March 6, 2026 (accession 0001193125-26-099414): Welltower OP LLC entered into an amended and restated credit agreement, replacing prior facilities with a $6.25 billion unsecured revolving credit facility ($4.25 billion tranche maturing March 2030, $2.0 billion tranche maturing July 2029), with the ability to upsize by up to an additional $1.25 billion.
• August 4, 2025 (accession 0001193125-25-172601): Welltower OP LLC issued $400 million of 4.500% notes due 2030 and $600 million of 5.125% notes due 2035, both further issuances fungible with notes originally issued in June 2025, guaranteed by Welltower Inc. on a senior unsecured basis, with proceeds intended for general corporate purposes including debt repayment and investment pipeline funding.
• At-the-market equity programs: Welltower entered new $7.5 billion equity distribution agreements on July 28, 2026 (accession 0001628280-26-050186) and October 28, 2025 (accession 0001193125-25-252628), each terminating and replacing the prior program.

Dividends

• July 27, 2026: The Board declared a $0.85 per share quarterly cash dividend for the quarter ended June 30, 2026, the company's 221st consecutive quarterly dividend, payable August 20, 2026 (accession 0000766704-26-000026).
• June 1, 2026 (accession 0001193125-26-249823): Welltower announced it expected to raise its quarterly dividend 15% to $0.85 per share beginning with the second quarter of 2026.
• April 28, 2026: The Board declared a $0.74 per share dividend for the quarter ended March 31, 2026, the 220th consecutive quarterly dividend (accession 0000766704-26-000018).
• February 10, 2026: The Board declared a $0.74 per share dividend for the quarter ended December 31, 2025, the 219th consecutive quarterly dividend, reflecting a 10.4% increase approved during 2025 (accession 0000766704-26-000005).

Governance and executive compensation

• May 21, 2026 Annual Meeting (accession 0001193125-26-237176): Shareholders elected all nine director nominees and ratified Ernst & Young LLP as auditor for fiscal 2026. On an advisory (non-binding) "say-on-pay" vote, shareholders did not approve the compensation of named executive officers (120,364,416 votes for versus 515,585,650 against).
• October 26–27, 2025 (accession 0001193125-25-251787): The Board adopted a "Ten-Year Executive Continuity and Alignment Program," granting long-term LTIP unit awards to the CEO and other named executive officers in exchange for those executives forgoing most other compensation (aside from a $110,000 annual base salary) from January 1, 2026 through December 31, 2035. Awards are half time-based and half performance-based, tied to market-capitalization milestones and relative total shareholder return over a five-year performance period ending October 2030. The February 10, 2026 fourth-quarter earnings release (accession 0000766704-26-000005) noted the program was subsequently expanded to cover seven additional Executive Vice Presidents.

Note on the say-on-pay vote

The May 21, 2026 annual meeting vote against the non-binding executive compensation proposal followed closely on the heels of the Ten-Year Executive Continuity and Alignment Program adopted in October 2025; the filings do not describe any board response to the vote result as of this writing.