NYSE$WELL
Welltower Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Welltower's first quarter 2022 results were reported, demonstrating growth in key areas.
Welltower reported a solid first quarter in 2022, marked by normalized FFO exceeding guidance, significant growth in Seniors Housing Operating portfolio occupancy and same-store NOI, and substantial investment activity.
- Net income attributable to common stockholders was reported at $0.14 per diluted share.
- Normalized FFO attributable to common stockholders was reported at $0.82 per diluted share, surpassing the guidance midpoint.
- Seniors Housing Operating portfolio average same-store occupancy increased by approximately 460 bps year-over-year to 78.0%.
- Total portfolio same-store NOI grew by 8.9%, driven by an 18.4% increase in the SHO portfolio.
Headline financials
Revenue & EPS history
Welltower · Revenue · Quarterly
$1.4B
Revenue by segment
Welltower · $994M total across 1 segment · Q1 2022
- Resident fees and services$994M+37.4%100.0%
Forward guidance
Welltower anticipates net income per share between $0.20 and $0.25 and normalized FFO per share between $0.82 and $0.87 for the second quarter of 2022.
Tailwinds
- Expects average blended SSNOI growth of 8.0% to 10.0%.
- Seniors Housing Operating SSNOI growth is projected at approximately 15.0% to 20.0%.
- Seniors Housing Triple-net SSNOI growth is anticipated at approximately 7.0% to 8.0%.
- Outpatient Medical SSNOI growth is expected to be approximately 2.0% to 3.0%.
- Includes approximately $6 million of Provider Relief Funds expected to be received during the quarter.
Headwinds
- The impact of the COVID-19 pandemic remains highly uncertain.
- General and administrative expenses are anticipated to be approximately $35 million to $37 million.
- Stock-based compensation expense is expected to be approximately $6 million.
- Guidance includes only acquisitions closed or announced to date.
- Guidance does not include any additional investments, dispositions, or capital transactions beyond those announced.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.7%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+3.0%
Avg return
30 days after
61%
43 / 70 earnings
Positive
+9.1%
Q3 2022
Best reaction
-12.9%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | +1.4% | -3.9% | |
| Q4 2025 | +3.5% | +4.9% | +3.5% | |
| Q3 2025 | -1.6% | -0.9% | +12.9% | |
| Q2 2025 | +0.6% | +2.5% | +4.5% | |
| Q1 2025 | +1.6% | +1.1% | +2.7% | |
| Q4 2024 | +2.2% | +4.6% | +3.1% | |
| Q3 2024 | +5.5% | +2.4% | +7.0% | |
| Q2 2024 | +2.2% | +2.7% | +10.3% | |
| Q1 2024 | +1.0% | +1.6% | +6.7% | |
| Q4 2023 | +6.6% | +6.4% | +4.7% | |
| Q3 2023 | +2.8% | +8.7% | +8.4% | |
| Q2 2023 | +4.4% | +1.7% | +2.3% | |
| Q1 2023 | -0.9% | +0.6% | -4.7% | |
| Q4 2022 | +3.0% | +2.2% | -9.2% | |
| Q3 2022 | +9.1% | +17.4% | +6.6% | |
| Q2 2022 | +2.1% | +1.3% | -6.4% | |
| Q1 2022 | -0.1% | +1.5% | -4.4% | |
| Q4 2021 | +5.3% | +4.0% | +15.5% | |
| Q3 2021 | +2.1% | +3.1% | -2.9% | |
| Q2 2021 | -0.6% | -0.3% | -2.0% | |
| Q1 2021 | -0.5% | +0.0% | -2.2% | |
| Q4 2020 | +2.7% | +6.8% | +16.1% | |
| Q3 2020 | +1.1% | +5.0% | +19.5% | |
| Q2 2020 | +5.9% | +7.8% | +14.7% | |
| Q1 2020 | -12.9% | -12.7% | +27.8% | |
| Q4 2019 | +3.3% | +5.2% | -39.6% | |
| Q3 2019 | +1.7% | +2.4% | -2.4% | |
| Q2 2019 | -0.3% | +1.1% | +6.7% | |
| Q1 2019 | +2.6% | +4.7% | +10.6% | |
| Q4 2018 | +0.2% | +0.2% | +0.6% | |
| Q3 2018 | +0.1% | -0.2% | +8.3% | |
| Q2 2018 | -4.1% | -2.1% | +2.5% | |
| Q1 2018 | +4.7% | +8.6% | +12.6% | |
| Q4 2017 | +0.8% | -3.3% | -3.6% | |
| Q3 2017 | +1.1% | +0.2% | -2.7% | |
| Q2 2017 | +0.8% | -0.5% | -1.2% | |
| Q1 2017 | -0.2% | +0.2% | +5.6% | |
| Q4 2016 | +2.9% | +4.6% | +4.1% | |
| Q3 2016 | -2.1% | -1.7% | -6.9% | |
| Q2 2016 | -2.7% | -4.1% | -4.0% | |
| Q1 2016 | +5.8% | — | — | |
| Q4 2015 | +4.7% | — | — | |
| Q3 2015 | -1.6% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | +3.2% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | +1.7% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | -0.7% | — | — | |
| Q3 2013 | -2.8% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | -2.0% | — | — | |
| Q3 2012 | +1.5% | — | — | |
| Q2 2012 | -3.3% | — | — | |
| Q1 2012 | -1.2% | — | — | |
| Q4 2011 | -2.6% | — | — | |
| Q3 2011 | -4.3% | — | — | |
| Q2 2011 | +5.6% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2009 | +1.7% | — | — | |
| Q4 2010 | +1.7% | — | — | |
| Q1 2009 | +1.7% | — | — | |
| Q4 2008 | +1.7% | — | — | |
| Q3 2009 | -4.4% | — | — | |
| Q3 2010 | -4.4% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q2 2009 | +0.2% | — | — |
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