Welltower Reports 30% Revenue Growth to $2.42 Billion in Latest Quarter

Welltower Inc. (NYSE: WELL) reported significant financial growth in its latest quarterly results, with total revenues for the three months ended March 31, 2025, reaching $2.42 billion, a 30% increase from $1.86 billion in the same period last year. The company’s net income attributable to common stockholders also saw a substantial rise, climbing to $257.96 million, or $0.40 per share, compared to $127.15 million, or $0.22 per share, in the prior year. This growth was driven primarily by increased resident fees and services, which surged by 37% to $1.86 billion, alongside a 10% rise in rental income to $461.57 million.

In terms of operational performance, Welltower's total assets increased to $53.29 billion as of March 31, 2025, up from $51.04 billion at the end of 2024. The company’s net real estate investments also rose to $46.09 billion, reflecting strategic acquisitions and ongoing development projects. Notably, Welltower completed the acquisition of 48 skilled nursing facilities for approximately $990.91 million in February 2025 and finalized the acquisition of Care UK, which operates 136 seniors housing properties, for $841.55 million in October 2024. These acquisitions are expected to enhance Welltower's portfolio and operational capacity.

Welltower's operational metrics indicate a positive trend, with an increase in average occupancy rates across its properties, rising to 85.1% in the first quarter of 2025 from 82.5% a year earlier. The company also reported a consolidated net operating income (NOI) of $960.70 million, a 26% increase from $762.83 million in the previous year. This growth in NOI was attributed to the successful integration of newly acquired properties and improved performance in existing facilities.

Looking ahead, Welltower remains optimistic about its growth trajectory, emphasizing its commitment to enhancing stockholder value through strategic investments and operational efficiencies. The company has entered into an equity distribution agreement allowing it to offer up to $7.5 billion in common stock, which will provide additional capital for future acquisitions and investments. Welltower's management expressed confidence in the ongoing demand for senior housing and healthcare services, positioning the company well to capitalize on market opportunities in the coming quarters.