Welltower Inc.

Strong Growth in FFO and NOI: Welltower reported approximately 19% growth in Funds From Operations (FFO) per share, reaching $1.20 for Q1 2025, alongside a total portfolio same-store net operating income (NOI) growth of 12.9% year-over-year. The senior housing operating portfolio achieved an impressive 21.7% NOI growth, marking its 10th consecutive quarter of same-store NOI growth exceeding 20%.

Increased Annual Guidance: The company has raised its full-year FFO guidance by $0.10 to a midpoint of $4.97 per share, primarily due to higher-than-expected NOI from the senior housing operating portfolio and accretive capital allocation activities.

Aggressive Acquisition Strategy: Substantial acquisitions totaling $6.2 billion have been executed in 2025, including the notable $4.6 billion Canadian acquisition of Amica Senior Living. The company aims to capitalize on favorable transaction environments and reduce leverage, ending Q1 with a net debt to adjusted EBITDA ratio of just 3.3 times.