Welltone REIT (WELL) Reports Q4 Net Income Down 12% to $10.8M

Welltone REIT (WELL) released Q4 results showing net income fell 12% year-over-year to $10.8 million, or $0.28 per share, on higher interest and property-level expenses. The company attributed the decline to higher borrowing costs and maintenance spending at its senior housing portfolio. For the quarter ended January 31, 2026, revenue was $67.4 million, a 3% increase from $65.4 million in the same period last year. The REIT reiterated its guidance for 2026 FYO net income between $135 million and $145 million, reflecting cautious outlook amid continued interest rate sensitivity.