Welltower (WELL) Q2 FY26 earnings call

Welltower delivered a record quarter, driven by strong demand in its needs-based senior housing business and a strategic portfolio mix shift. The company raised its full-year FFO guidance, reflecting robust operating performance and disciplined capital allocation. Management emphasized its transformation into an operations and technology-first company, leveraging its Welltower Business System (WBS) to enhance customer experience and drive cash flow, rather than relying on spread investing.