marketcaparena
Search

    WELL

    WELLTOWER INC.

    Company overview

    Market capitalization
    $164.45B
    Employees
    712
    Latest publication
    2026-09-29
    About WELLTOWER INC.

    Welltower Inc., an S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom, and Canada. Their portfolio of 2,500+ seniors and wellness housing communities are positioned at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults. They believe our real estate portfolio is unmatched, located in highly attractive micro markets with stunning built environments. Yet, Welltower is an unusual real estate organization as they view themselves as an operating company in a real estate wrapper, driven by highly aligned partnerships and an unconventional culture. Through their disciplined approach to capital allocation powered by their Data Science platform and superior operating results driven by the Welltower Business System - their end-to-end operating platform - they aspire to deliver long-term compounding of per share growth for their existing investors, North Star. Welltower Inc. was incorporated in 1970 in Delaware and is based in Toledo, Ohio.

    Company website

    Financial statements

    Income YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Total Revenue6,896,512,000USD
    Cost Of Revenue4,205,543,000USD
    Gross Profit2,690,969,000USD
    Total Operating Expenses6,230,841,000USD
    Interest Income148,298,000USD
    Interest Expense374,629,000USD
    Depreciation And Amortization1,360,516,000USD
    Income Before Tax665,671,000USD
    Income Tax Expense-50,346,000USD
    Net Income1,215,299,000USD
    Minority Interest41,625,000USD
    Net Income Applicable To Common Shares1,173,674,000USD
    SourceDisclosureDeterministicFinal

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ1 20212021-03-31 · USDQ1 20162016-03-31 · USDQ3 20152015-09-30 · USD
    Total Revenue3,544,586,000USD3,351,926,000USD2,628,061,000USD2,516,141,000USD2,388,587,000USD1,045,886,000USD1,043,000,000USD976,925,000USD
    Cost Of Revenue2,150,123,000USD2,055,420,000USD1,577,048,000USD1,514,711,000USD1,462,390,000USD617,326,000USD449,636,000USD408,703,000USD
    Gross Profit1,394,463,000USD1,296,506,000USD1,051,013,000USD1,001,430,000USD926,197,000USD428,560,000USD593,364,000USD568,222,000USD
    Total Operating Expenses3,224,158,000USD67,474,000USD574,024,000USD558,098,000USD547,620,000USD275,735,000USD274,387,000USD242,749,000USD
    Interest Income77,369,000USD———————
    Interest Expense181,914,000USD—162,052,000USD141,157,000USD144,962,000USD123,142,000USD132,960,000USD121,130,000USD
    Depreciation And Amortization737,764,000USD—523,666,000USD508,346,000USD499,638,000USD248,163,000USD230,044,000USD209,202,000USD
    Income Before Tax320,428,000USD345,243,000USD284,521,000USD305,671,000USD251,747,000USD76,135,000USD163,749,000USD193,867,000USD
    Income Tax Expense-61,979,000USD11,633,000USD2,335,000USD1,053,000USD-5,519,000USD3,943,000USD-1,725,000USD-3,344,000USD
    Net Income462,975,000USD752,324,000USD280,559,000USD301,888,000USD257,957,000USD71,546,000USD165,321,000USD198,395,000USD
    Minority Interest17,973,000USD23,652,000USD-1,627,000USD-2,730,000USD691,000USD646,000USD153,000USD862,000USD
    Net Income Applicable To Common Shares445,002,000USD728,672,000USD———71,546,000USD148,969,000USD182,043,000USD
    Selling General Administrative—67,474,000USD63,124,000USD64,175,000USD63,758,000USD29,926,000USD45,691,000USD36,950,000USD
    Operating Income—1,229,032,000USD476,989,000USD443,332,000USD378,577,000USD152,825,000USD318,977,000USD325,473,000USD
    Total Other Income Expense Net—-883,789,000USD-192,468,000USD-137,661,000USD-126,830,000USD-76,690,000USD-155,228,000USD-131,606,000USD
    Labor And Related Expense—1,251,534,000USD——————
    Equity Method Income Loss—-1,686,000USD——————
    Unclassified Operating Expenses——510,900,000USD493,923,000USD483,862,000USD245,809,000USD228,696,000USD205,799,000USD
    Net Interest Income——-162,052,000USD-141,157,000USD-144,962,000USD-123,142,000USD——
    Tax Provision——2,335,000USD1,053,000USD-5,519,000USD3,943,000USD——
    Net Income From Continuing Ops——282,186,000USD304,618,000USD257,266,000USD72,192,000USD165,474,000USD197,211,000USD
    Ebit——455,158,000USD439,370,000USD343,669,000USD127,148,000USD300,529,000USD317,628,000USD
    Ebitda——978,824,000USD947,716,000USD843,307,000USD375,311,000USD530,573,000USD526,830,000USD
    Reconciled Depreciation——523,666,000USD508,346,000USD499,638,000USD244,426,000USD230,044,000USD209,202,000USD
    Non Operating Income Net Other—————74,838,000USD-3,820,000USD-585,000USD
    Research Development——————0USD0USD
    Discontinued Operations——————0USD0USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20122012-12-31 · USDFY 20042004-12-31 · USDFY 19991999-12-31 · USDFY 19981998-12-31 · USDFY 19971997-12-31 · USDFY 19961996-12-31 · USDFY 19951995-12-31 · USDFY 19941994-12-31 · USD
    Total Revenue1,799,773,000USD226,095,000USD129,400,000USD98,000,000USD73,300,000USD54,401,815USD6,351,822USD5,480,232USD
    Cost Of Revenue567,989,000USD143,000USD——————
    Gross Profit1,231,784,000USD226,095,000USD129,400,000USD98,000,000USD73,300,000USD54,401,815USD6,351,822USD5,480,232USD
    Research Development0USD———————
    Selling General Administrative97,341,000USD16,585,000USD7,400,000USD6,100,000USD4,900,000USD—2,385,535USD3,086,988USD
    Unclassified Operating Expenses533,228,000USD77,943,000USD-26,200,000USD-17,100,000USD-10,900,000USD—41,327,069USD5,007,981USD
    Total Operating Expenses630,569,000USD94,528,000USD-18,800,000USD-11,000,000USD-6,000,000USD9,091,468USD43,712,604USD8,094,969USD
    Operating Income601,215,000USD131,567,000USD148,200,000USD109,000,000USD79,300,000USD45,310,347USD-37,360,782USD-2,614,737USD
    Interest Expense361,565,000USD71,994,000USD0USD0USD0USD0USD0USD0USD
    Income Before Tax188,394,000USD131,567,000USD148,200,000USD109,000,000USD79,300,000USD45,310,347USD-37,360,782USD—
    Income Tax Expense7,612,000USD46,694,000USD72,600,000USD46,700,000USD32,800,000USD14,634,785USD-50,995,755USD-27,567,655USD
    Net Income297,255,000USD85,371,000USD75,600,000USD62,300,000USD46,500,000USD30,675,562USD13,634,973USD24,952,918USD
    Net Income From Continuing Ops180,523,000USD———————
    Ebit547,477,000USD131,567,000USD148,200,000USD109,000,000USD79,300,000USD45,310,347USD-37,360,782USD-2,614,737USD
    Ebitda1,096,412,000USD288,091,000USD168,300,000USD120,600,000USD85,600,000USD47,771,360USD-35,781,238USD-1,229,660USD
    Depreciation And Amortization548,935,000USD156,524,000USD20,100,000USD11,600,000USD6,300,000USD2,461,013USD1,579,544USD1,385,077USD
    Total Other Income Expense Net-412,821,000USD-49,468,000USD-44,946,000USD-27,661,000USD————
    Non Operating Income Net Other2,482,000USD———————
    Minority Interest-2,415,000USD———————
    Discontinued Operations114,317,000USD———————
    Net Income Applicable To Common Shares221,884,000USD72,136,000USD——————
    Other Operating Expenses—————9,091,468USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets69,875,180,000USD67,220,556,000USD67,303,047,000USD59,504,802,000USD55,833,495,000USD53,293,614,000USD51,044,308,000USD48,953,698,000USD
    Cash And Equivalents1,965,164,000USD4,703,775,000USD——————
    Total Liabilities22,211,608,000USD22,291,286,000USD——————
    Total Stockholder Equity46,414,348,000USD43,793,675,000USD42,129,498,000USD38,756,818,000USD35,900,526,000USD33,956,759,000USD31,956,208,000USD30,334,281,000USD
    Total Equity Including Noncontrolling Interest47,439,034,000USD44,929,270,000USD——————
    Short Long Term Debt17,724,753,000USD———————
    Long Term Debt14,380,869,000USD—19,197,302,000USD16,852,362,000USD15,971,103,000USD15,723,857,000USD15,500,257,000USD15,763,623,000USD
    Property Plant Equipment Net58,053,634,000USD—2,158,045,000USD1,250,447,000USD1,279,172,000USD1,230,343,000USD1,201,131,000USD358,160,000USD
    Short Term Debt3,343,840,000USD———62,749,000USD1,352,606,000USD—96,016,000USD
    Common Stock719,068,000USD704,860,000USD696,621,000USD684,229,000USD665,238,000USD652,088,000USD637,002,000USD620,107,000USD
    Retained Earnings12,207,243,000USD11,762,241,000USD-9,163,784,000USD-8,750,517,000USD-8,533,884,000USD-8,396,424,000USD-8,223,340,000USD-7,924,847,000USD
    Accumulated Other Comprehensive Income-421,646,000USD-342,466,000USD-287,641,000USD-217,446,000USD-166,014,000USD-309,636,000USD-359,781,000USD-195,138,000USD
    Goodwill—342,907,000USD——————
    Intangible Assets—784,150,000USD2,845,686,000USD2,189,639,000USD2,775,121,000USD693,305,000USD665,944,000USD2,268,889,000USD
    Other Current Assets——175,861,000USD134,066,000USD113,771,000USD108,434,000USD204,871,000USD219,466,000USD
    Total Liab——24,100,108,000USD20,192,420,000USD19,287,194,000USD18,711,637,000USD18,471,722,000USD17,889,695,000USD
    Other Current Liab——1,057,179,000USD2,028,458,000USD1,980,444,000USD1,702,053,000USD568,921,000USD1,733,712,000USD
    Capital Stock——696,621,000USD684,229,000USD665,238,000USD652,088,000USD637,002,000USD620,107,000USD
    Other Assets——55,434,428,000USD47,484,421,000USD45,567,602,000USD44,100,531,000USD40,065,508,000USD39,143,430,000USD
    Cash——5,033,678,000USD6,806,507,000USD4,409,740,000USD3,501,851,000USD3,506,586,000USD3,564,942,000USD
    Cash And Short Term Investments——5,033,678,000USD6,806,507,000USD4,409,740,000USD3,501,851,000USD3,506,586,000USD3,564,942,000USD
    Total Current Assets——9,912,121,000USD11,090,005,000USD8,289,461,000USD7,193,196,000USD7,228,903,000USD7,114,898,000USD
    Total Current Liabilities——1,855,679,000USD2,028,458,000USD1,980,444,000USD1,702,053,000USD1,369,771,000USD1,733,712,000USD
    Current Deferred Revenue——501,429,000USD———430,836,000USD—
    Net Debt——16,346,617,000USD11,357,455,000USD12,897,010,000USD13,507,733,000USD13,251,770,000USD12,591,041,000USD
    Short Long Term Debt Total——21,380,295,000USD18,163,962,000USD17,306,750,000USD17,009,584,000USD16,758,356,000USD16,155,983,000USD
    Long Term Investments——1,809,590,000USD1,835,979,000USD1,964,267,000USD1,787,398,000USD1,941,032,000USD2,212,096,000USD
    Net Receivables——4,702,582,000USD4,149,432,000USD3,765,950,000USD3,582,911,000USD3,517,446,000USD3,330,490,000USD
    Accounts Payable——297,071,000USD———229,313,000USD—
    Property Plant Equipment Gross——2,158,045,000USD1,250,447,000USD1,279,172,000USD1,230,343,000USD1,201,131,000USD358,160,000USD
    Common Stock Shares Outstanding——710,167,000shares685,399,000shares668,140,000shares653,795,000shares634,259,000shares618,306,000shares
    Non Current Assets Total——57,390,926,000USD48,414,797,000USD47,544,034,000USD46,100,418,000USD43,815,405,000USD41,838,800,000USD
    Non Current Liabilities Total——22,244,429,000USD18,163,962,000USD17,306,750,000USD17,009,584,000USD17,101,951,000USD16,155,983,000USD
    Non Current Liabilities Other——447,924,000USD———330,594,000USD—
    Non Currrent Assets Other——53,423,291,000USD45,328,371,000USD41,525,474,000USD42,389,372,000USD39,858,073,000USD39,200,223,000USD
    Net Working Capital——8,056,442,000USD9,061,547,000USD6,309,017,000USD5,491,143,000USD5,859,132,000USD5,381,186,000USD
    Unclassified Non Current Assets——-58,280,114,000USD-49,674,060,000USD-45,567,602,000USD-44,100,531,000USD-40,065,508,000USD-41,412,319,000USD
    Unclassified Non Current Liabilities——2,599,203,000USD1,311,600,000USD1,335,647,000USD1,285,727,000USD1,271,100,000USD392,360,000USD
    Unclassified Equity——50,187,681,000USD46,356,323,000USD43,269,948,000USD41,358,643,000USD39,265,325,000USD37,214,052,000USD
    Unclassified Current Liabilities————-62,749,000USD-1,352,606,000USD140,701,000USD-96,016,000USD
    Good Will——————149,225,000USD68,321,000USD
    Inventory———————4,302,795,000USD
    Unclassified Current Assets———————-4,302,795,000USD
    SourceDisclosureDeterministicFinalDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets67,303,047,000USD51,044,308,000USD44,012,166,000USD37,893,233,000USD34,910,325,000USD32,483,642,000USD33,380,751,000USD30,342,072,000USD
    Intangible Assets2,845,686,000USD665,944,000USD514,814,000USD1,945,458,000USD1,789,628,000USD1,500,030,000USD1,617,051,000USD1,581,159,000USD
    Other Current Assets175,861,000USD204,871,000USD82,437,000USD-1,067,343,000USD77,490,000USD-2,380,724,000USD100,849,000USD100,753,000USD
    Total Liab24,100,108,000USD18,471,722,000USD17,640,439,000USD16,499,237,000USD15,912,452,000USD15,258,580,000USD16,398,247,000USD14,331,427,000USD
    Total Stockholder Equity42,129,498,000USD31,956,208,000USD25,404,376,000USD21,393,996,000USD17,636,001,000USD17,225,062,000USD15,540,444,000USD14,632,334,000USD
    Other Current Liab1,057,179,000USD568,921,000USD422,156,000USD-11,967,445,000USD387,893,000USD373,553,000USD176,408,000USD1,034,283,000USD
    Common Stock696,621,000USD637,002,000USD565,894,000USD491,919,000USD448,605,000USD418,691,000USD411,005,000USD384,465,000USD
    Capital Stock696,621,000USD637,002,000USD565,894,000USD491,919,000USD448,605,000USD418,691,000USD411,005,000USD1,102,963,000USD
    Retained Earnings-9,163,784,000USD-8,223,340,000USD-7,628,729,000USD-6,709,147,000USD-5,717,179,000USD-5,016,123,000USD-4,869,568,000USD-4,697,023,000USD
    Other Assets55,434,428,000USD40,065,508,000USD37,627,373,000USD32,211,024,000USD30,675,387,000USD29,370,245,000USD188,062,000USD317,443,000USD
    Cash5,033,678,000USD3,506,586,000USD1,993,646,000USD631,681,000USD269,265,000USD1,545,046,000USD284,917,000USD215,376,000USD
    Cash And Short Term Investments5,033,678,000USD3,506,586,000USD1,993,646,000USD631,681,000USD269,265,000USD1,545,046,000USD284,917,000USD215,376,000USD
    Total Current Assets9,912,121,000USD7,228,903,000USD4,961,309,000USD3,076,147,000USD2,584,532,000USD3,437,512,000USD1,880,118,000USD1,700,407,000USD
    Total Current Liabilities1,855,679,000USD1,369,771,000USD1,099,922,000USD1,535,325,000USD1,340,530,000USD1,041,594,000USD2,102,756,000USD2,181,283,000USD
    Current Deferred Revenue501,429,000USD430,836,000USD374,545,000USD432,941,000USD335,891,000USD115,411,000USD183,011,000USD—
    Net Debt16,346,617,000USD13,251,770,000USD14,125,133,000USD14,332,231,000USD14,407,633,000USD12,671,940,000USD15,103,848,000USD13,081,768,000USD
    Short Long Term Debt Total21,380,295,000USD16,758,356,000USD16,118,779,000USD27,401,185,000USD14,676,898,000USD14,249,758,000USD15,388,765,000USD13,297,144,000USD
    Long Term Debt19,197,302,000USD15,500,257,000USD15,735,549,000USD14,548,088,000USD13,806,019,000USD13,798,720,000USD13,327,475,000USD12,150,144,000USD
    Long Term Investments1,809,590,000USD1,941,032,000USD1,636,531,000USD1,499,790,000USD1,039,043,000USD29,421,181,000USD31,702,694,000USD28,903,683,000USD
    Net Receivables4,702,582,000USD3,517,446,000USD2,885,226,000USD2,353,855,000USD2,237,777,000USD1,416,469,000USD1,494,352,000USD1,384,278,000USD
    Accounts Payable297,071,000USD229,313,000USD173,215,000USD216,732,000USD174,798,000USD101,592,000USD58,646,000USD—
    Property Plant Equipment Net2,158,045,000USD1,201,131,000USD350,969,000USD323,942,000USD522,796,000USD465,866,000USD536,433,000USD27,116,336,000USD
    Property Plant Equipment Gross2,158,045,000USD1,201,131,000USD350,969,000USD323,942,000USD522,796,000USD465,866,000USD536,433,000USD—
    Accumulated Other Comprehensive Income-287,641,000USD-359,781,000USD-163,160,000USD-119,707,000USD-121,316,000USD-148,504,000USD-112,157,000USD-129,769,000USD
    Common Stock Shares Outstanding679,521,000shares608,750,000shares518,701,000shares465,158,000shares426,841,000shares417,387,000shares403,808,000shares375,250,000shares
    Non Current Assets Total57,390,926,000USD43,815,405,000USD39,050,857,000USD34,817,086,000USD32,325,793,000USD29,046,130,000USD31,500,633,000USD28,641,665,000USD
    Non Current Liabilities Total22,244,429,000USD17,101,951,000USD16,540,517,000USD14,963,912,000USD14,571,922,000USD14,216,986,000USD14,295,491,000USD12,150,144,000USD
    Non Current Liabilities Other447,924,000USD330,594,000USD325,715,000USD415,824,000USD545,944,000USD418,266,000USD1,483,175,000USD1,034,283,000USD
    Non Currrent Assets Other53,423,291,000USD39,858,073,000USD36,995,036,000USD-6,913,658,000USD30,695,633,000USD-6,417,963,000USD30,312,456,000USD28,090,430,000USD
    Net Working Capital8,056,442,000USD5,859,132,000USD3,793,066,000USD1,540,822,000USD1,024,043,000USD2,966,920,000USD-716,961,000USD-480,876,000USD
    Unclassified Non Current Assets-58,280,114,000USD-40,065,508,000USD-38,142,187,000USD-1,231,449,000USD-32,465,015,000USD-31,779,513,000USD-32,924,384,000USD-57,435,707,000USD
    Unclassified Non Current Liabilities2,599,203,000USD1,271,100,000USD479,253,000USD-744,447,000USD—-568,359,000USD-1,138,892,000USD-1,034,283,000USD
    Unclassified Equity50,187,681,000USD39,265,325,000USD32,064,477,000USD27,350,013,000USD22,685,036,000USD21,656,797,000USD19,779,114,000USD18,040,197,000USD
    Good Will—149,225,000USD68,321,000USD68,321,000USD68,321,000USD68,321,000USD68,321,000USD68,321,000USD
    Unclassified Current Liabilities—140,701,000USD-1,646,566,000USD-11,967,445,000USD-207,922,000USD—-1,490,503,000USD-1,147,000,000USD
    Short Term Debt——1,776,572,000USD12,853,097,000USD324,935,000USD451,038,000USD1,587,597,000USD1,147,000,000USD
    Short Term Investments——-37,118,000USD1,499,790,000USD1,039,043,000USD———
    Other Liab———744,447,000USD307,316,000USD568,359,000USD623,733,000USD—
    Inventory———1USD816,547,000USD1USD952,837,000USD1USD
    Treasury Stock———-111,001,000USD-107,750,000USD-104,490,000USD-78,955,000USD-68,499,000USD
    Net Tangible Assets———20,679,257,000USD17,567,680,000USD16,247,888,000USD15,948,000,000USD14,269,561,000USD
    Unclassified Current Assets———-1,409,179,001USD-1,855,590,000USD475,996,999USD-952,837,000USD—
    Short Long Term Debt————324,935,000USD—1,587,597,000USD1,147,000,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Net Income1,215,299,000USD
    Depreciation1,360,516,000USD
    Stock Based Compensation35,350,000USD
    Change To Account Receivables-150,054,000USD
    Change To Liabilities-191,728,000USD
    Operating Cash Flow1,673,639,000USD
    Capital Expenditures-756,042,000USD
    Investing Cash Flow-6,073,018,000USD
    Common Stock Issuance4,452,231,000USD
    Common Dividends Paid-1,044,890,000USD
    Financing Cash Flow1,334,876,000USD
    Effect Of Forex Changes On Cash-47,872,000USD
    Change In Cash-3,112,375,000USD
    End Cash Flow2,097,164,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Depreciation622,752,000USD606,878,000USD523,666,000USD508,346,000USD499,638,000USD484,615,000USD418,990,000USD397,065,000USD
    Stock Based Compensation18,830,000USD1,508,384,000USD15,586,000USD15,257,000USD17,505,000USD13,358,000USD39,910,000USD10,350,000USD
    Other Non Cash Items-727,000USD-1,420,861,000USD-4,346,000USD-29,998,000USD-39,432,000USD22,448,000USD-303,219,000USD-109,338,000USD
    Change To Liabilities-192,334,000USD———————
    Change In Working Capital-248,906,000USD-157,839,000USD41,264,000USD-28,189,000USD-136,019,000USD-84,962,000USD62,059,000USD52,628,000USD
    Operating Cash Flow670,011,000USD———————
    Other Investing Activities4,171,000USD———————
    Unclassified Investing Cash Flow-811,357,000USD-10,070,709,000USD462,335,000USD231,131,000USD-32,701,000USD301,158,000USD307,114,000USD671,940,000USD
    Investing Cash Flow-807,186,000USD———————
    Common Dividends Paid-520,497,000USD———————
    Other Financing Activities-24,208,000USD———————
    Unclassified Financing Cash Flow345,166,000USD——————-99,473,000USD
    Financing Cash Flow-199,539,000USD———————
    Effect Of Forex Changes On Cash-53,532,000USD———————
    Change In Cash-390,246,000USD-1,731,034,000USD2,417,062,000USD913,226,000USD-101,172,000USD-72,951,000USD920,810,000USD385,263,000USD
    End Cash Flow4,819,293,000USD———————
    Net Income—117,767,000USD282,186,000USD304,618,000USD257,266,000USD123,753,000USD467,244,000USD254,714,000USD
    Change To Account Receivables—-53,002,000USD-68,748,000USD-44,219,000USD-30,908,000USD24,423,000USD-20,762,000USD-29,897,000USD
    Total Cash From Operating Activities—654,329,000USD858,356,000USD770,034,000USD598,958,000USD559,212,000USD684,984,000USD605,419,000USD
    Capital Expenditures—-7,476,000USD-6,150,000USD-8,653,000USD-11,520,000USD-14,160,000USD-15,668,000USD-14,478,000USD
    Free Cash Flow—646,853,000USD852,206,000USD761,381,000USD587,438,000USD545,052,000USD669,316,000USD590,941,000USD
    Investments—14,703,000USD-1,630,305,000USD-1,399,134,000USD-2,028,139,000USD-2,205,463,000USD-1,449,476,000USD-1,278,811,000USD
    Total Cashflows From Investing Activities—-5,455,171,000USD-1,630,305,000USD-1,399,134,000USD-2,028,139,000USD-2,205,463,000USD-1,449,476,000USD-1,278,811,000USD
    Net Borrowings—1,891,492,000USD926,512,000USD-73,854,000USD-134,277,000USD52,389,000USD893,482,000USD—
    Total Cash From Financing Activities—3,032,604,000USD3,240,495,000USD1,418,496,000USD1,308,165,000USD1,590,064,000USD1,677,602,000USD1,059,118,000USD
    Dividends Paid—-509,618,000USD-496,918,000USD-439,057,000USD-432,366,000USD-418,229,000USD-408,768,000USD-366,094,000USD
    Issuance Of Capital Stock—2,063,348,000USD2,870,097,000USD1,975,018,000USD1,992,403,000USD2,153,414,000USD1,242,019,000USD1,603,861,000USD
    Begin Period Cash Flow—6,940,573,000USD4,523,511,000USD3,610,285,000USD3,711,457,000USD3,784,408,000USD2,863,598,000USD2,478,335,000USD
    End Period Cash Flow—5,209,539,000USD6,940,573,000USD4,523,511,000USD3,610,285,000USD3,711,457,000USD3,784,408,000USD2,863,598,000USD
    Other Cashflows From Investing Activities—4,608,311,000USD-456,185,000USD-222,478,000USD44,221,000USD-286,998,000USD-291,446,000USD-657,462,000USD
    Other Cashflows From Financing Activities—-412,618,000USD-59,196,000USD-43,611,000USD-117,595,000USD-197,510,000USD-49,131,000USD-79,176,000USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income961,837,000USD972,857,000USD340,094,000USD160,568,000USD374,479,000USD1,038,852,000USD1,330,410,000USD829,750,000USD
    Depreciation2,138,528,000USD1,679,633,000USD1,401,101,000USD1,336,909,000USD1,053,178,000USD1,049,780,000USD1,043,224,000USD970,067,000USD
    Stock Based Compensation1,556,732,000USD75,821,000USD37,199,000USD26,149,000USD17,812,000USD28,318,000USD25,047,000USD27,646,000USD
    Other Non Cash Items-1,494,637,000USD-429,852,000USD-100,122,000USD-47,091,000USD-30,820,000USD60,254,000USD-106,331,000USD-32,857,000USD
    Change To Account Receivables-196,877,000USD-68,579,000USD3,390,000USD-191,437,000USD-122,117,000USD-54,583,000USD-63,418,000USD5,829,000USD
    Change In Working Capital-280,783,000USD-42,038,000USD-76,411,000USD-140,580,000USD-44,563,000USD-31,819,000USD-92,486,000USD76,591,000USD
    Total Cash From Operating Activities2,881,677,000USD2,256,421,000USD1,601,861,000USD1,328,708,000USD1,275,325,000USD1,364,756,000USD1,535,968,000USD1,583,944,000USD
    Capital Expenditures-33,799,000USD-58,115,000USD-50,699,000USD-30,491,000USD-19,352,000USD-17,472,000USD-15,272,000USD-7,905,000USD
    Free Cash Flow2,847,878,000USD2,198,306,000USD1,551,162,000USD1,298,217,000USD1,255,973,000USD1,347,284,000USD1,520,696,000USD1,576,039,000USD
    Investments-76,642,000USD-5,514,681,000USD-2,982,859,000USD-391,079,000USD-775,270,000USD-609,745,000USD-79,164,000USD58,908,000USD
    Total Cashflows From Investing Activities-10,512,749,000USD-5,514,681,000USD-5,707,742,000USD-3,703,815,000USD-4,516,268,000USD2,347,928,000USD-2,048,791,000USD-2,386,471,000USD
    Net Borrowings2,609,873,000USD-635,056,000USD655,039,000USD366,238,000USD247,025,000USD-1,237,323,000USD1,054,987,000USD1,455,091,000USD
    Total Cash From Financing Activities8,999,760,000USD4,905,351,000USD5,448,647,000USD2,761,277,000USD1,567,664,000USD-2,080,858,000USD577,150,000USD818,368,000USD
    Dividends Paid-1,877,959,000USD-1,545,275,000USD-1,260,578,000USD-1,131,527,000USD-1,035,906,000USD-1,119,232,000USD-1,400,712,000USD-1,348,863,000USD
    Issuance Of Capital Stock8,900,866,000USD7,415,778,000USD4,747,957,000USD3,667,854,000USD2,348,201,000USD595,313,000USD1,056,125,000USD789,575,000USD
    Change In Cash1,498,082,000USD1,635,374,000USD1,353,791,000USD375,537,000USD-1,674,288,000USD1,635,277,000USD69,637,000USD6,826,000USD
    Begin Period Cash Flow3,711,457,000USD2,076,083,000USD722,292,000USD346,755,000USD2,021,043,000USD385,766,000USD316,129,000USD309,303,000USD
    End Period Cash Flow5,209,539,000USD3,711,457,000USD2,076,083,000USD722,292,000USD346,755,000USD2,021,043,000USD385,766,000USD316,129,000USD
    Other Cashflows From Investing Activities4,011,700,000USD-1,625,622,000USD-1,686,644,000USD101,037,000USD1,043,727,000USD4,307,754,000USD2,642,368,000USD19,081,000USD
    Other Cashflows From Financing Activities-633,020,000USD-330,096,000USD44,057,000USD1,007,065,000USD-1,599,143,000USD733,309,000USD-3,552,682,000USD-1,557,126,000USD
    Unclassified Investing Cash Flow-14,414,008,000USD1,683,737,000USD-987,540,000USD-3,383,282,000USD-4,765,373,000USD-1,332,609,000USD-4,596,723,000USD-2,456,555,000USD
    Sale Purchase Of Stock——1,295,638,000USD3,534,096,000USD2,052,130,000USD-7,656,000USD4,758,852,000USD3,297,623,000USD
    Unclassified Financing Cash Flow——4,714,491,000USD-1,014,595,000USD1,903,558,000USD-449,956,000USD-283,295,000USD-1,028,357,000USD
    Change To Liabilities———50,857,000USD77,554,000USD22,764,000USD-29,068,000USD70,762,000USD
    Cash And Cash Equivalents Changes———386,170,000USD-1,673,279,000USD1,631,826,000USD64,327,000USD15,841,000USD
    Unclassified Operating Cash Flow————-94,761,000USD-780,629,000USD-663,896,000USD-287,253,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    Consolidated Net Operating Income

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,394,463,000USDDisclosure

    Consolidated Portfolio Properties

    Period endPeriodValueUnitSource
    2026-06-30instant2,752propertiesDisclosure

    FFO per Diluted Share

    Period endPeriodValueUnitSource
    2026-06-30quarterly1.56USD/shareDisclosure

    Fixed Charge Coverage Ratio

    Period endPeriodValueUnitSource
    2026-06-30quarterly6.76timesDisclosure

    Funds From Operations

    Period endPeriodValueUnitSource
    2026-06-30quarterly1,153,653,000USDDisclosure

    Interest Coverage Ratio

    Period endPeriodValueUnitSource
    2026-06-30quarterly7.52timesDisclosure

    Net Debt to Book Capitalization

    Period endPeriodValueUnitSource
    2026-06-30instant25percentDisclosure

    Net Debt to Enterprise Value

    Period endPeriodValueUnitSource
    2026-06-30instant9percentDisclosure

    Net Debt to Undepreciated Book Capitalization

    Period endPeriodValueUnitSource
    2026-06-30instant21percentDisclosure

    Outpatient Medical NOI

    Period endPeriodValueUnitSource
    2026-06-30quarterly38,034,000USDDisclosure

    Outpatient Medical Properties

    Period endPeriodValueUnitSource
    2026-06-30instant54propertiesDisclosure

    Recurring Capital Expenditures, Tenant Improvements and Lease Commissions

    Period endPeriodValueUnitSource
    2026-06-30year_to_date183,801,000USDDisclosure

    Same Store NOI at Welltower Share

    Period endPeriodValueUnitSource
    2026-06-30quarterly805,819,000USDDisclosure

    Same Store Properties

    Period endPeriodValueUnitSource
    2026-06-30instant1,568propertiesDisclosure

    Seniors Housing Average Occupancy

    Period endPeriodValueUnitSource
    2026-06-30quarterly87.6percentDisclosure

    Seniors Housing Development Projects in Process

    Period endPeriodValueUnitSource
    2026-06-30instant50propertiesDisclosure

    Seniors Housing Operating NOI

    Period endPeriodValueUnitSource
    2026-06-30quarterly867,227,000USDDisclosure

    Seniors Housing Operating Properties

    Period endPeriodValueUnitSource
    2026-06-30instant1,869propertiesDisclosure

    Seniors Housing Same Store NOI

    Period endPeriodValueUnitSource
    2026-06-30quarterly582,615,000USDDisclosure

    Triple-net Leases with Rental Rate Increases

    Period endPeriodValueUnitSource
    2026-06-30year_to_date26leasesDisclosure

    Triple-net NOI

    Period endPeriodValueUnitSource
    2026-06-30quarterly407,498,000USDDisclosure

    Triple-net Properties

    Period endPeriodValueUnitSource
    2026-06-30instant829propertiesDisclosure

    Triple-net Weighted Average Rental Increase

    Period endPeriodValueUnitSource
    2026-06-30year_to_date4.4percentDisclosure

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2026Quarterly · 2026-06-30GeographyCanada285,669,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyUnited Kingdom1,126,930,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30GeographyUnited States2,131,987,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentOutpatient Medical0USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentSenior Housing Operating2,984,891,000USDDisclosure
    Q2 2026Quarterly · 2026-06-30SegmentTriple Net0USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyCanada201,616,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyUnited Kingdom1,083,186,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31GeographyUnited States2,067,124,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentOutpatient Medical0USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentSenior Housing Operating2,780,931,000USDDisclosure
    Q1 2026Quarterly · 2026-03-31SegmentTriple Net0USDDisclosure
    Q4 2025Quarterly · 2025-12-31GeographyCanada130,061,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31GeographyUnited Kingdom646,620,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31GeographyUnited States19,292,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentOutpatient Medical0USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentSenior Housing Operating2,556,052,000USDLegacy provider
    Q4 2025Quarterly · 2025-12-31SegmentTriple Net0USDLegacy provider
    FY 2025Yearly · 2025-12-31GeographyCanada668,344,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyUnited Kingdom1,886,954,000USDDisclosure
    FY 2025Yearly · 2025-12-31GeographyUnited States5,897,698,000USDDisclosure
    FY 2025Yearly · 2025-12-31SegmentOutpatient Medical0USDDisclosure
    FY 2025Yearly · 2025-12-31SegmentSenior Housing Operating8,452,996,000USDDisclosure
    FY 2025Yearly · 2025-12-31SegmentTriple Net0USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyCanada193,008,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyUnited Kingdom448,018,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30GeographyUnited States2,044,666,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30SegmentOutpatient Medical0USDDisclosure
    Q3 2025Quarterly · 2025-09-30SegmentSenior Housing Operating2,061,370,000USDDisclosure
    Q3 2025Quarterly · 2025-09-30SegmentTriple Net0USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyCanada187,030,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyUnited Kingdom416,809,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30GeographyUnited States1,944,405,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30SegmentOutpatient Medical0USDDisclosure
    Q2 2025Quarterly · 2025-06-30SegmentSenior Housing Operating1,971,044,000USDDisclosure
    Q2 2025Quarterly · 2025-06-30SegmentTriple Net0USDDisclosure
    Q4 2024Quarterly · 2024-12-31GeographyCanada116,909,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyUnited Kingdom184,694,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31GeographyUnited States0USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentOutpatient Medical0USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentSenior Housing Operating1,761,878,000USDLegacy provider
    Q4 2024Quarterly · 2024-12-31SegmentTriple Net0USDLegacy provider
    FY 2024Yearly · 2024-12-31GeographyCanada535,125,000USDDisclosure
    FY 2024Yearly · 2024-12-31GeographyUnited Kingdom683,803,000USDDisclosure
    FY 2024Yearly · 2024-12-31GeographyUnited States4,808,221,000USDDisclosure
    FY 2024Yearly · 2024-12-31SegmentOutpatient Medical0USDDisclosure
    FY 2024Yearly · 2024-12-31SegmentSenior Housing Operating6,027,149,000USDDisclosure
    FY 2024Yearly · 2024-12-31SegmentTriple Net0USDDisclosure
    Q3 2024Quarterly · 2024-09-30GeographyCanada135,433,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30GeographyUnited Kingdom174,337,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30GeographyUnited States1,745,893,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30SegmentOutpatient Medical0USDDisclosure
    Q3 2024Quarterly · 2024-09-30SegmentSenior Housing Operating1,511,524,000USDDisclosure
    Q3 2024Quarterly · 2024-09-30SegmentTriple Net0USDDisclosure
    Q2 2024Quarterly · 2024-06-30GeographyCanada131,446,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30GeographyUnited Kingdom163,264,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30GeographyUnited States1,530,174,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30SegmentOutpatient Medical0USDDisclosure
    Q2 2024Quarterly · 2024-06-30SegmentSenior Housing Operating1,393,473,000USDDisclosure
    Q2 2024Quarterly · 2024-06-30SegmentTriple Net0USDDisclosure
    FY 2023Yearly · 2023-12-31GeographyCanada494,670,000USDDisclosure
    FY 2023Yearly · 2023-12-31GeographyUnited Kingdom447,219,000USDDisclosure
    FY 2023Yearly · 2023-12-31GeographyUnited States3,811,915,000USDDisclosure
    FY 2023Yearly · 2023-12-31SegmentOutpatient Medical0USDDisclosure
    FY 2023Yearly · 2023-12-31SegmentSenior Housing Operating4,753,804,000USDDisclosure
    FY 2023Yearly · 2023-12-31SegmentTriple Net0USDDisclosure
    Q3 2023Quarterly · 2023-09-30ProductInterest Revenue0USD0000766704-23-000031
    Q3 2023Quarterly · 2023-09-30ProductManagement Service0USD0000766704-23-000031
    Q3 2023Quarterly · 2023-09-30ProductProduct And Service Other29,834,000USD0000766704-23-000031
    Q2 2023Quarterly · 2023-06-30ProductInterest Revenue0USD0000766704-23-000025
    Q2 2023Quarterly · 2023-06-30ProductManagement Service0USD0000766704-23-000025
    Q2 2023Quarterly · 2023-06-30ProductProduct And Service Other12,719,000USD0000766704-23-000025
    Q1 2023Quarterly · 2023-03-31ProductInterest Revenue0USD0000766704-23-000017
    Q1 2023Quarterly · 2023-03-31ProductManagement Service0USD0000766704-23-000017
    Q1 2023Quarterly · 2023-03-31ProductProduct And Service Other1,152,000USD0000766704-23-000017
    FY 2022Yearly · 2022-12-31GeographyCanada447,050,000USDDisclosure
    FY 2022Yearly · 2022-12-31GeographyUnited Kingdom401,195,000USDDisclosure
    FY 2022Yearly · 2022-12-31GeographyUnited States3,325,466,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentOutpatient Medical0USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentSenior Housing Operating4,173,711,000USDDisclosure
    FY 2022Yearly · 2022-12-31SegmentTriple Net0USDDisclosure
    Q4 2022Quarterly · 2022-12-31ProductInterest Revenue0USDLegacy provider
    Q4 2022Quarterly · 2022-12-31ProductManagement Service0USDLegacy provider
    Q4 2022Quarterly · 2022-12-31ProductProduct And Service Other3,437,000USDLegacy provider
    FY 2022Yearly · 2022-12-31ProductInterest Revenue0USD0000766704-23-000010
    FY 2022Yearly · 2022-12-31ProductManagement Service0USD0000766704-23-000010
    FY 2022Yearly · 2022-12-31ProductProduct And Service Other4,934,000USD0000766704-23-000010
    Q3 2022Quarterly · 2022-09-30ProductInterest Revenue0USD0000766704-23-000031
    Q3 2022Quarterly · 2022-09-30ProductManagement Service0USD0000766704-23-000031
    Q3 2022Quarterly · 2022-09-30ProductProduct And Service Other247,000USD0000766704-23-000031
    Q2 2022Quarterly · 2022-06-30ProductInterest Revenue0USD0000766704-23-000025
    Q2 2022Quarterly · 2022-06-30ProductManagement Service0USD0000766704-23-000025
    Q2 2022Quarterly · 2022-06-30ProductProduct And Service Other644,000USD0000766704-23-000025
    Q1 2022Quarterly · 2022-03-31ProductInterest Revenue0USD0000766704-23-000017
    Q1 2022Quarterly · 2022-03-31ProductManagement Service0USD0000766704-23-000017
    Q1 2022Quarterly · 2022-03-31ProductProduct And Service Other606,000USD0000766704-23-000017
    FY 2021Yearly · 2021-12-31GeographyCanada411,356,000USD0000766704-24-000008
    FY 2021Yearly · 2021-12-31GeographyUnited Kingdom396,610,000USD0000766704-24-000008
    FY 2021Yearly · 2021-12-31GeographyUnited States2,389,257,000USD0000766704-24-000008
    FY 2021Yearly · 2021-12-31SegmentOutpatient Medical0USD0000766704-24-000008

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.