Welltower Inc. (WELL) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Welltower fourth quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question, please press star 1 on your telephone keypad. I would now like to turn the conference over to Matt McQueen, Chief Legal Officer. You may begin. Thank you and good morning. As a reminder, certain statements made during this call Litigation Reform Act. Although Welltower believes any forward-looking statements are based on reasonable assumptions, the company can give no assurances that its projected results will be attained. Factors that could cause actual results to differ materially from those in the forward-looking statements are detailed in the company's violence with the SEC. And with that, I'll hand the call over to Sean for his remarks. Thank you, Matt. And good morning, everyone. This morning, I'll provide some high-level thoughts on the business. our recent capital allocation priorities, and a recap of what proved to be a truly transformational year for our company. 2025 not only marked the 10-year anniversary of the refounding of our company by the current management, but also proved to be the most pivotal year in the company's history. We're pleased to have delivered 36% revenue growth, 32% EBITDA growth, and a 22% FFO per share growth while deleveraging our balance sheet and investing significantly into our future systems and talent. We launched our private funds management business, overhauled our internal and external incentive structure, made substantial progress on WorldTar business system initiatives, and created our tech quad to take our technology journey to the next level. However, these exceptional achie...