Welltower Inc. (WELL)
NYSE: WELL · Real-Time Price · USD
235.58
+0.14 (0.06%)
Aug 19, 2026, 3:29 PM EDT - Market open
Welltower Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Rental Revenue | 1,937 | 1,968 | 1,570 | 1,556 | 1,452 | 1,375 |
Other Revenue | 10,556 | 8,624 | 6,165 | 4,848 | 4,258 | 3,225 |
| 12,763 | 10,838 | 7,991 | 6,573 | 5,861 | 4,737 | |
Revenue Growth (YoY | 37.57% | 35.63% | 21.58% | 12.15% | 23.71% | 3.29% |
Property Expenses | 7,717 | 6,488 | 4,830 | 3,948 | 3,559 | 2,677 |
Selling, General & Administrative | 1,755 | 1,748 | 235.49 | 179.09 | 150.39 | 126.73 |
Depreciation & Amortization | 2,464 | 2,085 | 1,632 | 1,401 | 1,310 | 1,038 |
Provision for Loan Losses | 2.48 | 9.42 | -10.13 | -9.81 | -10.32 | -7.27 |
Total Operating Expenses | 11,934 | 10,312 | 6,708 | 5,538 | 5,030 | 3,848 |
Operating Income | 829.23 | 526.07 | 1,283 | 1,035 | 830.77 | 889.28 |
Interest Expense | -740.47 | -651.96 | -574.26 | -607.85 | -529.52 | -489.85 |
Income (Loss) on Equity Investments | -27.82 | -14.3 | -0.5 | -53.44 | -21.29 | -22.93 |
Other Non-Operating Income | -314.64 | -223.61 | -89.57 | -106.22 | -110 | -34.41 |
EBT Excluding Unusual Items | -253.69 | -363.79 | 618.87 | 267.22 | 169.95 | 342.09 |
Gain (Loss) on Sale of Assets | 1,901 | 1,449 | 451.61 | 133.38 | 16.04 | 235.38 |
Asset Writedown | -79.61 | -121.28 | -92.79 | -36.1 | -17.5 | -51.11 |
Other Unusual Items | -5.8 | -9.25 | -2.13 | -0.01 | -0.68 | -143.17 |
Pretax Income | 1,562 | 954.72 | 975.56 | 364.5 | 167.82 | 383.19 |
Income Tax Expense | -53 | -7.12 | 2.7 | 6.36 | 7.25 | 8.71 |
Earnings From Continuing Operations | 1,615 | 961.84 | 972.86 | 358.14 | 160.57 | 374.48 |
Minority Interest in Earnings | -64.58 | -24.99 | -21.18 | -18.05 | -19.35 | -38.34 |
Net Income | 1,551 | 936.85 | 951.68 | 340.09 | 141.21 | 336.14 |
Net Income to Common | 1,551 | 936.85 | 951.68 | 340.09 | 141.21 | 336.14 |
Net Income Growth | 37.27% | -1.56% | 179.83% | 140.84% | -57.99% | -65.66% |
Basic Shares Outstanding | 693 | 666 | 603 | 516 | 462 | 425 |
Diluted Shares Outstanding | 715 | 680 | 609 | 519 | 465 | 427 |
Shares Change | 11.09% | 11.63% | 17.36% | 11.51% | 8.98% | 2.27% |
EPS (Basic) | 2.24 | 1.41 | 1.58 | 0.66 | 0.31 | 0.79 |
EPS (Diluted) | 2.21 | 1.39 | 1.57 | 0.66 | 0.30 | 0.78 |
EPS Growth | 25.32% | -11.29% | 139.07% | 115.53% | -61.06% | -66.51% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Dividend Per Share | 3.070 | 2.890 | 2.620 | 2.440 | 2.440 | 2.440 |
Dividend Growth | 11.64% | 10.30% | 7.38% | 0% | 0% | 0% |
Operating Margin | 6.50% | 4.85% | 16.06% | 15.74% | 14.17% | 18.77% |
Profit Margin | 12.15% | 8.64% | 11.91% | 5.17% | 2.41% | 7.09% |
EBITDA | 3,341 | 2,665 | 2,963 | 2,478 | 2,168 | 1,942 |
EBITDA Margin | 26.17% | 24.59% | 37.08% | 37.70% | 36.99% | 41.00% |
D&A For Ebitda | 2,511 | 2,139 | 1,680 | 1,443 | 1,337 | 1,053 |
EBIT | 829.23 | 526.07 | 1,283 | 1,035 | 830.77 | 889.28 |
EBIT Margin | 6.50% | 4.85% | 16.06% | 15.74% | 14.17% | 18.77% |
Funds From Operations (FFO) | 2,363 | 1,818 | 2,323 | 1,763 | 1,478 | 1,221 |
FFO Per Share | 3.30 | 2.68 | 3.82 | 3.40 | 3.18 | 2.86 |
Adjusted Funds From Operations (AFFO) | - | 1,818 | 2,323 | 1,763 | 1,478 | 1,221 |
AFFO Per Share | - | 2.68 | 3.82 | 3.40 | 3.18 | 2.86 |
FFO Payout Ratio | 86.81% | 103.30% | 66.51% | 71.49% | 76.55% | 84.86% |
Effective Tax Rate | - | - | 0.28% | 1.75% | 4.32% | 2.27% |
Revenue as Reported | 12,763 | 10,838 | 7,991 | 6,638 | 5,861 | 4,742 |