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Welltower WELL Finance Lease Liabilities

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$3.4B+38.3%
Gross profit$1.3B+35.0%
Net income$752.3M+192%
EPS (diluted)$0.61+35.6%

Balance sheet

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Cash & equivalents$4.7B+34.3%
Total debt$2.1B+59.5%
Total equity$43.8B+29.0%
Total assets$67.2B+26.1%

Cash flow

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Operating cash flow$670.0M+11.9%
CapEx$269.8M+12.3%
Free cash flow$400.2M+11.6%

Valuation

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Market cap$168.93B+49.6%
Enterprise value$166.28B+51.4%

Profitability

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Gross margin39.8%+0.6pp
Net margin12.4%-0.5pp
FCF margin15.9%-1.4pp

Returns & leverage

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Return on equity3.7%+0.2pp
Debt / equity0.0×

Where this comes from

Reported directly by Welltower in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseLiability.

The source filing: Welltower’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 7:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000766704-26-000021
Line itemClassificationMarch 31, 2026December 31, 2025
Financing leases - real estateRight of use assets, net600,963620,555
Real estate right of use assets, net2,023,1662,158,045
Operating leases - non-real estate investmentsReceivables and other assets24,10525,073
Total right of use assets, net$2,047,271$2,183,118
Lease liabilities:
Operating leases$1,528,863$1,642,849
Financing leases522,410540,144
Total$2,051,273$2,182,993

Item 6. Exhibits [57](#i81e7e820fa1641d1a1c73823580d520d_271)

FAQ

What is Welltower's finance lease liabilities?
Welltower (WELL) reported finance lease liabilities of $522.41M in Q1 2026.
How has Welltower's finance lease liabilities changed year-over-year?
Welltower's finance lease liabilities increased by 384.0% year-over-year, from $107.94M to $522.41M.
What is the long-term trend for Welltower's finance lease liabilities?
Over 5 years (2020 to 2025), Welltower's finance lease liabilities has grown at a 38.2% compound annual growth rate (CAGR), from $107.1M to $540.14M.
What does finance lease liabilities mean?
Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

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