Welltower Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	53,248	41,164	36,538	32,665	30,591
Cash & Equivalents	5,034	3,507	1,994	631.68	269.27
Accounts Receivable	497.96	172.26	-	322.17	365.64
Other Receivables	-	-	1,041	619.76	521.09
Investment In Debt and Equity Securities	1,588	1,519	1,396	1,283	875.46
Goodwill	346.32	149.23	68.32	68.32	68.32
Other Intangible Assets	908.75	665.94	514.81	461.41	503.37
Loans Receivable Current	1,061	487.15	634.19	472.55	402.75
Restricted Cash	175.86	204.87	82.44	90.61	77.49
Other Current Assets	1,493	214.15	445.77	354.85	183.21
Other Long-Term Assets	1,930	1,421	240.08	216.67	163.58
Total Assets	67,303	51,044	44,012	37,893	34,910
Current Portion of Long-Term Debt	2,951	-	-	-	-
Current Portion of Leases	146.63	-	-	-	-
Long-Term Debt	16,246	15,500	15,736	14,548	14,131
Long-Term Leases	2,036	1,258	383.23	415.82	545.94
Accounts Payable	297.07	229.31	173.22	216.73	174.8
Accrued Expenses	790.79	568.92	422.16	374.4	387.89
Current Income Taxes Payable	266.39	140.7	130.01	144.02	117.01
Other Current Liabilities	416.21	13	96.02	55.73	39.3
Long-Term Unearned Revenue	501.43	430.84	374.55	432.94	335.89
Other Long-Term Liabilities	447.92	330.59	325.72	311.51	180.66
Total Liabilities	24,100	18,472	17,640	16,499	15,912
Common Stock	696.62	637	565.89	491.92	448.61
Additional Paid-In Capital	50,899	40,017	32,742	26,743	23,134
Distributions in Excess of Earnings	-9,164	-8,223	-7,629	-6,709	-5,717
Treasury Stock	-14.41	-114.18	-111.58	-111	-107.75
Comprehensive Income & Other	-287.64	-359.78	-163.16	-119.71	-121.32
Total Common Equity	42,129	31,956	25,404	20,295	17,636
Minority Interest	1,073	616.38	967.35	1,099	1,362
Shareholders' Equity	43,203	32,573	26,372	21,394	18,998
Total Liabilities & Equity	67,303	51,044	44,012	37,893	34,910
Total Debt	21,380	16,758	16,119	14,964	14,677
Net Cash (Debt)	-16,347	-13,252	-14,125	-14,332	-14,408
Net Cash Per Share	-24.06	-21.77	-27.23	-30.81	-33.75
Filing Date Shares Outstanding	697.75	641.31	568.88	490.64	447.28
Total Common Shares Outstanding	696.51	635.29	564.24	490.51	447.24
Book Value Per Share	60.49	50.30	45.02	41.38	39.43
Tangible Book Value	40,874	31,141	24,821	19,765	17,064
Tangible Book Value Per Share	58.68	49.02	43.99	40.30	38.15
Land	6,681	5,271	4,698	4,250	3,968
Buildings	52,058	42,208	37,797	33,651	31,062
Construction In Progress	738.86	1,220	1,304	1,021	651.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.