Welltower (WELL) reported Q1 normalized funds from operations late Monday of $1.20 per diluted share, up from $1.01 a year earlier.

Analysts polled by FactSet expected $1.15.

Revenue for the quarter ended March 31 was $2.42 billion, up from $1.86 billion a year earlier. Analysts polled by FactSet expected $2.34 billion.

For the full year 2025, the company increased its normalized FFO guidance to a range of $4.90 to $5.04. Previously, the company projected normalized FFO of $4.79 to $4.95. Analysts are looking for $4.93.