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北京时间·🕒 发布 04:21:55时区推断·⟳ 抓取 04:25:31·⚡ 决策 07-28 04:26:27 +56s·91.8 天前
Welltower二季度FFO和收入超预期，并上调全年指引及季度分红
二季度normalized FFO为1.60美元，高于1.55美元一致预期，收入35.4亿美元也高于33.9亿美元预期。
📄 原文Seeking Alpha↗ 原文
Welltower trades up after Q2 earnings beat, guidance and dividend boost
Welltower (WELL) stock climbed 4.5% in Monday after-hours trading after its Q2 earnings exceeded the Wall Street consen…
不做 Welltower（WELL.US）
财报和指引为正向但属于排期披露，FFO指引相对一致预期的增量有限，且盘后已涨约4.5%；次日开盘追多缺少明确剩余edge，不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-27 · 扩散 medium · price-in 风险 high ↗
关键理由
- 二季度normalized FFO为1.60美元，高于1.55美元一致预期，收入35.4亿美元也高于33.9亿美元预期。
- 2026年normalized FFO指引上调至6.36-6.44美元，高于6.29美元一致预期，季度分红提高15%至0.85美元。
- 但这是排期财报披露，且盘后已即时上涨约4.5%，主要利好已在首个可见交易窗口反映。
主要风险
- FFO指引上调幅度相对一致预期不大，盘后跳涨后继续追高的赔率不足。
- 总费用同比和环比均上升，次日电话会前仍可能出现对成本、投资节奏和高开低走的重新定价。
原文全文
展开原文 · 1,415 字
Welltower (WELL) stock climbed 4.5% in Monday after-hours trading after its Q2 earnings exceeded the Wall Street consensus; the company also raised its 2026 guidance and boosted its dividend.
The healthcare REIT now expects 2026 normalized FFO per share of $6.36-$6.44, vs. $6.29 consensus and prior guidance of $6.21-$6.35. Blended portfolio same-store net operating income (“SSNOI”) is projected to rise 13.75%-16.00%, up from its prior view of 12.25%-16.00%.
Welltower's (WELL) board increased its quarterly dividend by 15% to $0.85 per share.
Q2 normalized FFO per share of $1.60, beating the average analyst estimate of $1.55, increased from $1.47 in Q1 and $1.28 in last year’s Q2.
Total revenue of $3.54B, topping the $3.39B consensus, grew from $3.35B in the prior quarter and $2.54B a year ago.
Total portfolio SSNOI grew 15.5% Y/Y in Q2, vs. 16.4% in Q1, driven by SSNOI growth in its seniors housing operating portfolio (“SHOP”) of 20.5% vs. +22.1% in Q1.
Welltower’s (WELL) total expenses increased to $3.22B from $2.25B in Q1 and $3.01B in last year’s Q2.
During the three-month period, the REIT completed $6.3B of pro rata gross investments, including development funding. It completed $688M of dispositions and $155M of loan repayments.
Welltower's net debt to consolidated enterprise value dipped to 8.9% as of June 30, 2026, from 10.1% as of June 30, 2025.
Conference call on July 28 at 9:00 AM ET.
The healthcare REIT now expects 2026 normalized FFO per share of $6.36-$6.44, vs. $6.29 consensus and prior guidance of $6.21-$6.35. Blended portfolio same-store net operating income (“SSNOI”) is projected to rise 13.75%-16.00%, up from its prior view of 12.25%-16.00%.
Welltower's (WELL) board increased its quarterly dividend by 15% to $0.85 per share.
Q2 normalized FFO per share of $1.60, beating the average analyst estimate of $1.55, increased from $1.47 in Q1 and $1.28 in last year’s Q2.
Total revenue of $3.54B, topping the $3.39B consensus, grew from $3.35B in the prior quarter and $2.54B a year ago.
Total portfolio SSNOI grew 15.5% Y/Y in Q2, vs. 16.4% in Q1, driven by SSNOI growth in its seniors housing operating portfolio (“SHOP”) of 20.5% vs. +22.1% in Q1.
Welltower’s (WELL) total expenses increased to $3.22B from $2.25B in Q1 and $3.01B in last year’s Q2.
During the three-month period, the REIT completed $6.3B of pro rata gross investments, including development funding. It completed $688M of dispositions and $155M of loan repayments.
Welltower's net debt to consolidated enterprise value dipped to 8.9% as of June 30, 2026, from 10.1% as of June 30, 2025.
Conference call on July 28 at 9:00 AM ET.
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