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Welltower WELL Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue$3.4BBeat by $231.8M
EPS$1.02Beat by $0.34
Revenue estimate$3.1B
EPS estimate$0.68

Next report

Oct 26, 2026 (in 2 months)
Revenue estimate$3.6B
EPS estimate$0.62

Financials

Q1 2026

Income statement

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Revenue$3.4B+38.3%
Gross profit$1.3B+35.0%
Net income$752.3M+192%
EPS (diluted)$1.02+155%

Balance sheet

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Cash & equivalents$4.7B+34.3%
Total debt$2.1B+59.5%
Total equity$43.8B+29.0%
Total assets$67.2B+26.1%

Cash flow

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Operating cash flow$670.0M+11.9%
CapEx$269.8M+12.3%
Free cash flow$400.2M+11.6%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$137.95B+38.9%
Enterprise value$135.3B+39.3%
P/E94.7×+4.3×
P/S11.7×+0.1×

Profitability

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Gross margin39.8%+0.6pp
Net margin12.4%-0.5pp
FCF margin15.9%-1.4pp

Returns & leverage

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Return on equity3.7%+0.2pp
Debt / equity0×0.0×

Segments

By segment

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Seniors Housing Operating$2.8B+49.4%
Triple-net$392.1M+53.8%
Outpatient Medical$71.1M-66.3%

By geography

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United States$2.1B+9.4%
United Kingdom$1.1B+188%
Canada$201.6M+27.4%

By product

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Resident fees and services$2.8B+49.1%

FAQ

When did Welltower report Q1 2026 earnings?
Welltower (WELL) reported Q1 2026 earnings on April 28, 2026 after market close.
What were Welltower's Q1 2026 revenue and EPS?
Welltower reported revenue of $3.4B and eps of $1.02 for Q1 2026.
Did Welltower beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.1B by $231.8M. EPS beat the consensus estimate of $0.68 by $0.34.
How did Welltower's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 40.3% from $2.4B a year earlier and eps declined 15.0% from $1.20.
Where can I find Welltower's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000766704-26-000018) and the 10-Q periodic report (0000766704-26-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.