Welltower Inc. (WELL)
NYSE: WELL · Real-Time Price · USD
243.57
-4.77 (-1.92%)
At close: Jul 28, 2026, 4:00 PM EDT
243.58
+0.01 (0.00%)
After-hours: Jul 28, 2026, 7:53 PM EDT
Welltower Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Property Revenue | 459.74 | 453.84 | 523.85 | 499.48 | 483.04 | 461.57 | 386.33 | 430.49 | 335.81 | 417.65 | 404.07 | 384.51 | 383.44 | 384.06 | 372 | 361.98 | 361.41 | 356.39 | 359.15 | 357.98 |
Service and Other Revenue | 3,085 | 2,898 | 2,657 | 2,186 | 2,065 | 1,962 | 1,865 | 1,625 | 1,489 | 1,442 | 1,346 | 1,278 | 1,282 | 1,177 | 1,147 | 1,112 | 1,111 | 1,039 | 950.12 | 881.81 |
| 3,545 | 3,352 | 3,181 | 2,686 | 2,548 | 2,423 | 2,251 | 2,056 | 1,825 | 1,860 | 1,750 | 1,662 | 1,665 | 1,561 | 1,519 | 1,474 | 1,473 | 1,396 | 1,309 | 1,240 | |
Revenue Growth (YoY) | 39.10% | 38.33% | 41.33% | 30.65% | 39.64% | 30.29% | 28.63% | 23.69% | 9.57% | 19.16% | 15.23% | 12.77% | 13.10% | 11.82% | 15.98% | 18.88% | 29.06% | 32.66% | 16.69% | 19.57% |
Property Expenses | 2,150 | 2,055 | 1,934 | 1,577 | 1,515 | 1,462 | 1,409 | 1,213 | 1,111 | 1,097 | 1,036 | 995.27 | 958.67 | 957.75 | 938.84 | 912.18 | 854.08 | 853.67 | 785.18 | 729.4 |
Total Property Expenses | 2,150 | 2,055 | 1,934 | 1,577 | 1,515 | 1,462 | 1,409 | 1,213 | 1,111 | 1,097 | 1,036 | 995.27 | 958.67 | 957.75 | 938.84 | 912.18 | 854.08 | 853.67 | 785.18 | 729.4 |
Gross Profit | 1,394 | 1,297 | 1,247 | 1,109 | 1,034 | 960.7 | 841.53 | 842.96 | 713.59 | 762.83 | 713.7 | 666.74 | 706.81 | 602.98 | 579.69 | 561.66 | 618.45 | 542.04 | 524.09 | 510.4 |
Selling, General & Admin | 67.49 | 67.47 | 1,557 | 63.12 | 64.18 | 63.76 | 48.71 | 77.9 | 55.57 | 53.32 | 44.33 | 46.11 | 44.29 | 44.37 | 41.32 | 34.81 | 36.55 | 37.71 | 33.11 | 32.26 |
Depreciation & Amortization Expenses | 737.76 | 622.75 | 594.15 | 509.81 | 495.04 | 485.87 | 480.41 | 403.78 | 382.05 | 365.86 | 380.73 | 339.31 | 341.95 | 339.11 | 342.29 | 353.7 | 310.3 | 304.09 | 284.5 | 267.75 |
Other Operating Expenses | 84.89 | 67.6 | 164.38 | 48.87 | 35.36 | 64.46 | 57.81 | 47.85 | 56.24 | 58.48 | 53.82 | 49.67 | 14.61 | 36.15 | 48.57 | 20.33 | 35.33 | 25.27 | 17.8 | 4.79 |
Operating Income | 504.33 | 538.69 | -1,069 | 486.84 | 438.96 | 346.62 | 254.61 | 313.43 | 219.74 | 285.17 | 234.82 | 231.65 | 305.96 | 183.34 | 147.52 | 152.83 | 236.27 | 174.98 | 188.67 | 205.59 |
Net Gains on Disposal of Properties | 98.54 | 420.4 | 1,378 | 4.03 | 14.85 | 51.78 | 8.2 | 272.27 | 166.44 | 4.71 | -1.78 | 71.1 | -2.17 | 0.75 | -4.42 | 1.06 | -3.53 | 22.93 | 11.67 | 119.95 |
Interest Income | -17.97 | -1.69 | 4.44 | -12.61 | -7.39 | 1.26 | 6.43 | -4.04 | 4.9 | -7.78 | -2.01 | -4.03 | -40.33 | -7.07 | -4.65 | -6.7 | -7.06 | -2.88 | -12.17 | -15.83 |
Interest Expense | -181.91 | -192.72 | -203.78 | -162.05 | -141.16 | -144.96 | -154.47 | -139.05 | -133.42 | -147.32 | -154.57 | -156.53 | -152.34 | -144.4 | -140.39 | -139.68 | -127.75 | -121.7 | -121.85 | -122.52 |
Other Non-Operating Income (Expense) | -1.98 | -0.73 | 2.57 | -31.68 | 0.41 | -2.95 | 9.1 | 9.49 | 4.12 | 3.05 | 7.22 | -2.89 | -1.28 | -0.94 | -0.35 | -6.91 | 0.8 | -2.57 | 1.92 | 8.08 |
Total Non-Operating Income (Expense) | -103.33 | 225.27 | 1,182 | -202.32 | -133.29 | -94.87 | -130.74 | 138.67 | 42.04 | -147.35 | -151.15 | -92.35 | -196.12 | -151.66 | -149.81 | -152.22 | -137.54 | -104.21 | -120.43 | -10.32 |
Pretax Income | 401 | 763.96 | 112.78 | 284.52 | 305.67 | 251.75 | 123.87 | 452.09 | 261.77 | 137.83 | 83.67 | 139.31 | 109.85 | 31.68 | -2.29 | 0.6 | 98.74 | 70.76 | 68.25 | 195.28 |
Provision for Income Taxes | -61.98 | 11.63 | -4.99 | 2.34 | 1.05 | -5.52 | 0.11 | -4.71 | 1.1 | 6.19 | -4.77 | 4.58 | 3.5 | 3.05 | -4.09 | 3.26 | 3.07 | 5.01 | 2.05 | 4.94 |
Net Income | 462.98 | 752.32 | 117.77 | 282.19 | 304.62 | 257.27 | 123.75 | 456.8 | 260.67 | 131.63 | 88.44 | 134.72 | 106.34 | 28.64 | 1.8 | -2.65 | 95.67 | 65.75 | 66.19 | 190.34 |
Minority Interest in Earnings | 17.97 | 23.65 | 21.33 | 1.63 | 2.73 | -0.69 | 3.78 | 6.95 | 5.96 | 4.49 | 4.53 | 7.25 | 3.3 | 2.96 | 5.53 | 4.11 | 5.89 | 3.83 | 7.52 | 10.67 |
Net Income to Common | 445 | 728.67 | 96.44 | 280.56 | 301.89 | 257.96 | 119.97 | 449.85 | 254.71 | 127.15 | 83.91 | 127.47 | 103.04 | 25.67 | -3.73 | -6.77 | 89.78 | 61.93 | 58.67 | 179.66 |
Net Income Growth (YoY) | 47.41% | 182.48% | -19.61% | -37.63% | 18.52% | 102.88% | 42.97% | 252.91% | 147.20% | 395.25% | - | - | 14.76% | -58.54% | - | - | 241.94% | -13.45% | -64.17% | -44.82% |
Shares Outstanding (Basic) | 710 | 700 | 690 | 672 | 657 | 643 | 626 | 611 | 601 | 574 | 549 | 522 | 499 | 492 | 483 | 463 | 454 | 447 | 437 | 428 |
Shares Outstanding (Diluted) | 738 | 726 | 710 | 685 | 668 | 654 | 634 | 618 | 605 | 578 | 552 | 525 | 502 | 494 | 483 | 463 | 457 | 450 | 439 | 430 |
Shares Change (YoY) | 10.45% | 11.08% | 11.97% | 10.85% | 10.52% | 13.21% | 14.82% | 17.74% | 20.44% | 16.79% | 14.29% | 13.33% | 9.82% | 9.94% | 10.16% | 7.76% | 9.01% | 7.33% | 4.77% | 2.62% |
EPS (Basic) | 0.63 | 1.04 | 0.14 | 0.42 | 0.46 | 0.40 | 0.19 | 0.74 | 0.42 | 0.22 | 0.15 | 0.24 | 0.21 | 0.05 | -0.01 | -0.01 | 0.20 | 0.14 | 0.13 | 0.42 |
EPS (Diluted) | 0.61 | 1.02 | 0.14 | 0.41 | 0.45 | 0.40 | 0.19 | 0.73 | 0.42 | 0.22 | 0.15 | 0.24 | 0.20 | 0.05 | -0.01 | -0.01 | 0.20 | 0.14 | 0.13 | 0.42 |
EPS Growth (YoY) | 35.56% | 155.00% | -26.32% | -43.84% | 7.14% | 81.82% | 26.67% | 204.17% | 110.00% | 340.00% | - | - | 0% | -64.29% | - | - | 81.82% | -17.65% | -66.67% | -45.45% |
Free Cash Flow | 613.34 | 286.96 | 229.13 | 493.73 | 416.13 | 220.9 | 30.87 | 254.78 | 198.49 | 28.73 | -111.86 | 39.4 | 42.85 | 48.16 | -84.83 | 54.32 | 130.3 | 90.67 | 6.47 | 158.22 |
Free Cash Flow Growth (YoY) | 47.39% | 29.90% | 642.26% | 93.79% | 109.65% | 669.02% | - | 546.64% | 363.25% | -40.35% | - | -27.47% | -67.12% | -46.89% | - | -65.67% | -32.82% | -53.92% | -94.36% | -20.54% |
Free Cash Flow Per Share | 0.83 | 0.40 | 0.32 | 0.72 | 0.62 | 0.34 | 0.05 | 0.41 | 0.33 | 0.05 | -0.20 | 0.08 | 0.09 | 0.10 | -0.18 | 0.12 | 0.29 | 0.20 | 0.01 | 0.37 |
Dividends Per Share | 0.850 | 0.740 | 0.740 | 0.740 | 0.740 | 0.670 | 0.670 | 0.670 | 0.670 | 0.610 | 0.610 | 0.610 | 0.610 | 0.610 | 0.610 | 0.610 | 0.610 | 0.610 | 0.610 | 0.610 |
Dividend Growth (YoY) | 14.87% | 10.45% | 10.45% | 10.45% | 10.45% | 9.84% | 9.84% | 9.84% | 9.84% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Gross Margin | 39.34% | 38.68% | 39.20% | 41.28% | 40.56% | 39.65% | 37.39% | 41.01% | 39.10% | 41.02% | 40.79% | 40.12% | 42.44% | 38.63% | 38.17% | 38.11% | 42.00% | 38.84% | 40.03% | 41.17% |
Operating Margin | 14.23% | 16.07% | -33.60% | 18.13% | 17.23% | 14.30% | 11.31% | 15.25% | 12.04% | 15.33% | 13.42% | 13.94% | 18.37% | 11.75% | 9.71% | 10.37% | 16.05% | 12.54% | 14.41% | 16.58% |
Profit Margin | 13.06% | 22.44% | 3.70% | 10.51% | 11.95% | 10.62% | 5.50% | 22.22% | 14.28% | 7.08% | 5.05% | 8.11% | 6.39% | 1.83% | 0.12% | -0.18% | 6.50% | 4.71% | 5.06% | 15.35% |
FCF Margin | 17.30% | 8.56% | 7.20% | 18.38% | 16.33% | 9.12% | 1.37% | 12.39% | 10.88% | 1.54% | -6.39% | 2.37% | 2.57% | 3.09% | -5.59% | 3.69% | 8.85% | 6.50% | 0.49% | 12.76% |
EBITDA | 1,253 | 1,171 | -460.46 | 1,011 | 947.73 | 846.64 | 739.61 | 732.27 | 616.78 | 664.14 | 627.2 | 581.88 | 658.2 | 532.25 | 497.4 | 515.74 | 552.41 | 484.66 | 478.37 | 478.44 |
EBITDA Margin | 35.35% | 34.94% | -14.48% | 37.64% | 37.19% | 34.94% | 32.86% | 35.62% | 33.80% | 35.71% | 35.84% | 35.01% | 39.52% | 34.10% | 32.76% | 34.99% | 37.51% | 34.72% | 36.54% | 38.59% |
EBIT | 504.33 | 538.69 | -1,069 | 486.84 | 438.96 | 346.62 | 254.61 | 313.43 | 219.74 | 285.17 | 234.82 | 231.65 | 305.96 | 183.34 | 147.52 | 152.83 | 236.27 | 174.98 | 188.67 | 205.59 |
EBIT Margin | 14.23% | 16.07% | -33.60% | 18.13% | 17.23% | 14.30% | 11.31% | 15.25% | 12.04% | 15.33% | 13.42% | 13.94% | 18.37% | 11.75% | 9.71% | 10.37% | 16.05% | 12.54% | 14.41% | 16.58% |
Effective Tax Rate | -15.46% | 1.52% | -4.42% | 0.82% | 0.34% | -2.19% | 0.09% | -1.04% | 0.42% | 4.49% | -5.70% | 3.29% | 3.19% | 9.61% | 178.52% | 539.24% | 3.10% | 7.08% | 3.01% | 2.53% |