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Welltower WELL Q3 2025 earnings

Reported October 27, 2025 · After market close

Revenue$2.7BMiss by $272.5M
EPS$1.34Beat by $0.04
Revenue estimate$3.0B
EPS estimate$1.30

Next report

Oct 26, 2026 (in 2 months)
Revenue estimate$3.6B
EPS estimate$0.62

Financials

Q3 2025

Income statement

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Revenue$2.7B+30.6%
Gross profit$1.1B+31.5%
Net income$282.2M-38.2%
EPS (diluted)$0.41-43.8%

Balance sheet

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Cash & equivalents$6.8B+90.9%
Total debt$1.3B+234%
Total equity$38.8B+27.8%
Total assets$59.5B+21.6%

Cash flow

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Operating cash flow$858.4M+25.3%
CapEx$263.1M+9.1%
Free cash flow$595.3M+34.1%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$119.14B+52.8%
Enterprise value$113.65B+51.9%
P/E123.1×+39.9×
P/S12×+1.6×

Profitability

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Gross margin39.8%-0.7pp
Net margin9.8%-2.7pp
FCF margin17.5%-0.5pp

Returns & leverage

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Return on equity2.8%-0.7pp
Debt / equity0×0.0×

Segments

By segment

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Seniors Housing Operating$2.1B+36.7%
Triple-net$286.6M+25.4%
Outpatient Medical$215.2M+5.0%

By geography

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United States$2.0B+17.1%
United Kingdom$448.0M+157%
Canada$193.0M+42.5%

By product

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Resident fees and services$2.1B+36.4%

FAQ

When did Welltower report Q3 2025 earnings?
Welltower (WELL) reported Q3 2025 earnings on October 27, 2025 after market close.
What were Welltower's Q3 2025 revenue and EPS?
Welltower reported revenue of $2.7B and eps of $1.34 for Q3 2025.
Did Welltower beat estimates in Q3 2025?
Revenue missed the consensus estimate of $3.0B by $272.5M. EPS beat the consensus estimate of $1.30 by $0.04.
How did Welltower's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.5% from $2.0B a year earlier and eps grew 20.7% from $1.11.
Where can I find Welltower's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000766704-25-000037) and the 10-Q periodic report (0000766704-25-000040) directly on SEC EDGAR. The filing index links above go to sec.gov.