What is Welltower's revenue?

Welltower (WELL) generated $11.8B in revenue over the trailing twelve months, up 37.5% year over year.

Is Welltower profitable?

Welltower reported $1.5B in net income over the trailing twelve months, a 12.4% net margin.

What is Welltower's earnings per share?

Welltower's diluted EPS over the trailing twelve months is $2.01.

Where does Welltower's income statement data come from?

Every line is extracted from Welltower's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Welltower WELL Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Total revenue	$10.84B+35.6%	$7.99B+20.4%	$6.64B+13.3%	$5.86B+23.6%
Total cost of revenue	$6.49B+34.3%	$4.83B+22.4%	$3.95B+10.9%	$3.56B+28.3%
Gross profit	$4.35B+37.6%	$3.16B+17.5%	$2.69B+16.9%	$2.3B+17.0%
Gross margin	40.1%+0.6pp	39.6%-1.0pp	40.5%+1.3pp	39.3%-2.2pp
Selling, general and administrative	$1.75B+642%	$235.49M+31.5%	$179.09M+19.1%	$150.39M+18.7%
Compensation and benefits	$3.78B+39.3%	$2.72B+21.7%	$2.23B+10.4%	$2.02B+11,238%
Total costs & expenses	$11.32B+51.6%	$7.47B+18.7%	$6.29B+10.6%	$5.69B+24.4%
Income from equity method investments	——	——	-$53.44M-151%	-$21.29M+7.2%
Gain (loss) on extinguishment of debt	-$9.25M-334%	-$2.13M-30,329%	-$7K+99.0%	-$680K+98.7%
Income before income taxes	——	$524.44M+49.8%	$350.05M+102%	$173.06M+1.4%
Income tax expense	-$7.12M-364%	$2.7M—	——	——
Net income	$961.84M-1.1%	$972.86M+172%	$358.14M+123%	$160.57M-57.1%
Net margin	8.9%-3.3pp	12.2%+6.8pp	5.4%+2.7pp	2.7%-5.2pp
Income from continuing operations	$961.84M-1.1%	$972.86M+172%	$358.14M+123%	$160.57M-57.1%
Net income attributable to noncontrolling interests	$24.99M+18.0%	$21.18M+17.4%	$18.05M-6.8%	$19.35M-49.5%
Diluted earnings per share	$1.39-10.3%	$1.55+138%	$0.65—	——
Basic earnings per share	$1.41-9.6%	$1.56+140%	$0.65+97.0%	$0.33-57.7%
Weighted-average shares, diluted	2.7B+11.5%	2.4B+18.1%	2B+11.2%	1.8B+8.3%
Weighted-average shares, basic	2.6B+10.4%	2.4B+17.8%	2B+11.0%	1.8B+8.3%
Other expenses	$201.2M+71.3%	$117.46M+8.4%	$108.34M+6.6%	$101.67M+144%
Continuing operations (in dollars per share)	$1.44-9.4%	$1.59+130%	$0.69+97.1%	$0.35-59.8%
Continuing operations (in dollars per share)	$1.42-10.7%	$1.59+130%	$0.69+97.1%	$0.35-59.8%
Adjustment to members’ interest from change in ownership in Welltower OP	$0—	$0—	$0—	——
Pre-tax stock-based compensation cost	$1.56B+1,953%	$75.82M+104%	$37.2M+41.6%	$26.27M+47.5%
Amortization of above and below Market Leases	-$2.72M-1,142%	-$219K+58.6%	-$529K+68.8%	-$1.69M+52.1%
Business Acquisition Pro Forma Earnings Per Share Diluted	——	——	——	——
Business Acquisition Purchase Price Allocation Net Cash Invested	$15.4B+196%	$5.21B+2.4%	$5.09B+49.1%	$3.41B—
Business Acquisitions Pro Forma Net Income Loss	——	——	——	——
Business Acquisitions Pro Forma Revenue	——	——	——	——
Cash Acquired From Acquisition	——	——	$4.71M—	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	——
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months	——	——	——	——
Comprehensive Income Excluding Redeemable Noncontrolling Interest	$1.03B+19.7%	$856.48M+155%	$335.99M+104%	$164.35M-58.9%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$1.01B+19.1%	$846.91M+174%	$309.33M—	——
Less: comprehensive income attributable to noncontrolling interest	$23.99M+138%	$10.09M-63.5%	$27.64M—	——
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	$1.03B+20.5%	$856.85M+154%	$336.96M—	——
Construction in progress additions	$470.15M-47.0%	$886.85M-19.0%	$1.09B+64.8%	$664.03M—
Construction In Progress Conversions	$1.27B+24.0%	$1.03B+18.5%	$866.81M+198%	$290.85M—
Redemption of OP Units and DownREIT Units (in shares)	——	——	——	——
Cost Of Property Repairs And Maintenance	$282.65M+33.2%	$212.21M+18.8%	$178.7M+9.2%	$163.63M—
Deferred taxes	-$49.61M-661%	-$6.52M-163%	-$2.48M+77.6%	-$11.04M-643%
Depreciation Amortization Related to in Place Lease Intangibles and Lease Commissions	$447.38M+56.1%	$286.67M+26.5%	$226.66M+4.4%	$217.19M+87.9%
Derivative, Gain (Loss) on Derivative, Net	——	$27.89M+1,215%	$2.12M+125%	-$8.33M-214%
Development Projects Placed Into Service	$1.27B+26.5%	$1.01B+26.6%	$795.56M+192%	$272.57M—
Non-cash consideration	——	——	——	——
Dispositions And Other	$7.69B+558%	$1.17B+70.0%	$688.37M+609%	$97.1M-90.9%
Dividends, Common Stock, Cash	$1.88B+21.4%	$1.55B+22.8%	$1.26B+11.2%	$1.13B+9.3%
Effect of exchange rate changes on cash, cash equivalents and restricted cash	——	——	——	——
Effective tax rates	-$0.01-333%	$0-82.4%	$0.02—	——
Income taxes at U.S. statutory rate of 21%	$0.210.0%	$0.210.0%	$0.21—	——
Other	$0—	$0-100%	$0—	——
State income taxes – net of federal income tax benefit	$0.01+50.0%	$0-60.0%	$0.01—	——
Changes in unrecognized tax benefits	——	——	——	——
Distributions of earnings from equity method investees	$21.85M+12.0%	$19.52M+67.9%	$11.62M-13.3%	$13.4M-20.0%
Expansion Projects	$0—	——	$71.25M+290%	$18.28M—
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	——	-$308K-212%	$274K—	——
Provision for loan losses, net	——	$10.37M+17.9%	$8.8M+731%	-$1.39M-119%
Food	$330.81M+34.0%	$246.89M+26.3%	$195.41M+12.5%	$173.64M—
Foreign Currency Accumulated Depreciation Reconciliation	$105.17M+238%	$31.12M+5.1%	$29.6M+127%	-$110.41M-7,855%
Foreign Currency Real Estate Reconciliation	$643.2M+295%	-$329.2M-233%	$248.14M+144%	-$565.5M-1,425%
Gain (Loss) on Disposition of Real Estate and Asset Acquisitions, Sale Of Other Assets And Liabilities	$203.77M+205%	-$194.09M-22,842%	-$846K—	——
Gain (loss) on real estate dispositions and acquisitions of controlling interests, net	$1.45B+221%	$451.61M—	——	$16.04M—
Gain (Loss) on Disposition of Real Estate and Asset Acquisitions, Non Cash Consideration	$981.93M+126%	$434.33M+20.0%	$361.83M—	——
Gain (loss) on real estate dispositions and acquisitions of controlling interests, net	$1.34B+658%	$176.47M—	——	——
Net other assets/(liabilities) disposed	——	-$194.09M—	——	$8.01M+29.2%
Goodwill Additions	$139.64M+60.2%	$87.19M—	——	——
Foreign Currency Translation and Other Adjustments	$7.92M+226%	-$6.29M—	——	——
Purchase Price Adjustments	$49.8M—	——	——	——
Gross Proceeds From Issuance Or Sale Of Equity	$9.47B+27.1%	$7.45B+22.5%	$6.09B+63.8%	$3.72B—
Income (Loss) from Continuing Operations, Pre Tax Book, before Equity Method Investments, Income Taxes, Noncontrolling Interest	-$480.03M-192%	$524.44M+49.8%	$350.05M—	——
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$200.49M-2.1%	$204.87M+168%	$76.55M+117%	$35.24M-56.2%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	-$423K-291%	$222K-2.6%	$228K—	——
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$5.6M+40.8%	$3.98M+5.7%	$3.76M—	——
Changes in unrecognized tax benefits	$0—	$0+100%	-$2.44M—	——
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount	$212.9M+10.2%	$193.14M+57.6%	$122.57M+61.9%	$75.73M-35.8%
Income Taxes Paid, Net	$22.76M+149%	$9.16M+19.2%	$7.68M—	——
Increase (Decrease) in Other Operating Assets	$196.88M—	——	-$3.39M-102%	$191.44M+56.8%
Other liabilities	——	——	-$79.8M—	——
Exchangeable Notes (in shares)	21.7M+500%	3.6M—	——	——
Unvested restricted shares and units (in shares)	——	——	——	——
Incremental Common Shares Attributable To Redeemable Units	11.9M+35.2%	8.8M+14.0%	7.7M+8.5%	7.1M+27.2%
Add - Incremental shares under stock-based compensation plans (in shares)	——	——	——	——
Employee stock purchase program (in shares)	77K-11.5%	87K-17.9%	106K+8.2%	98K+21.0%
Interest and Fee Income, Loans and Leases	$246.21M-3.9%	$256.19M+52.2%	$168.35M+11.8%	$150.57M+9.5%
Interest capitalized	$33.8M-41.8%	$58.12M+14.6%	$50.7M+66.3%	$30.49M+57.6%
Interest Paid, Excluding Capitalized Interest, Operating Activity	$579.59M-2.3%	$593.03M-5.7%	$628.58M+18.2%	$531.67M+7.9%
Issuance Of Common Stock Shares	——	——	——	——
Lease Cost	$129.44M+125%	$57.48M+63.4%	$35.18M+19.4%	$29.46M-11.4%
Line of Credit Facility, Average Outstanding Amount	$362.6M—	$0-100%	$82.07M-97.7%	$3.53B+208%
Line of Credit Facility, Interest Rate During Period	9.1%—	0%-10.1%	10.1%+3.7%	6.4%+5.1%
Line of Credit Facility, Maximum Month-end Outstanding Amount	$1.89B—	$0-100%	$205M—	——
Loan Balance Change, Foreign Currency Translation	$55.21M+475%	-$14.73M-138%	$38.82M+146%	-$84.54M-614%
Management fees	——	$65.45M+6.0%	$61.72M—	——
Noncontrolling Interest, Change in Redemption Value	$31.65M-5.4%	$33.45M-27.6%	$46.18M-29.6%	$65.58M+63.1%
Changes in noncontrolling interests	——	——	——	——
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Collections of Principal	$67.04M-21.0%	$84.82M+100.0%	$42.42M-76.6%	$181.04M-15.5%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, New Mortgage Loan	$289.34M-43.6%	$513.38M+63.6%	$313.88M+835%	$33.56M-96.0%
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Other Deduction	$868.04M+5,462%	$15.61M—	$0—	$0-100%
Mortgage Loans On Real Estate Total Additions	$360.11M-39.8%	$598.27M+69.2%	$353.65M+324%	$83.49M-90.2%
Mortgage Loans On Real Estate Total Deductions	$923.14M+769%	$106.29M+126%	$47.12M-73.5%	$178.15M-31.4%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	$9B+83.5%	$4.91B-10.0%	$5.45B+97.3%	$2.76B+76.1%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$10.51B-90.6%	-$5.51B+3.4%	-$5.71B-54.1%	-$3.7B+18.0%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$2.88B+27.7%	$2.26B+40.9%	$1.6B+20.6%	$1.33B+4.2%
Net Income Loss Attributable To Noncontrolling Interest	$24.99M+18.0%	$21.18M+17.4%	$18.05M-6.8%	$19.35M-49.5%
Net Operating Income	$4.35B+37.6%	$3.16B+17.5%	$2.69B+16.9%	$2.3B+17.0%
Noncontrolling Interest, Decrease (Increase) from Redemptions or Purchase of Interests	-$860.35M—	——	——	——
Number of housing communities	2.5K—	——	——	——
Number of operating segments	——	——	——	——
Number of properties, reclassified from sales-type lease to operating lease	——	——	——	——
Number of reportable segments	——	——	——	——
Lease income — operating leases	$1.97B+25.3%	$1.57B+0.9%	$1.56B+7.2%	$1.45B+5.6%
Operating Lease Variable Lease Income	$205.28M-6.0%	$218.41M+3.0%	$211.98M+9.5%	$193.55M+7.0%
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax	$676.95M+307%	-$327.07M-246%	$223.92M—	——
Other comprehensive income (loss)	——	-$160.74M-659%	-$21.18M+12.8%	-$24.29M—
Other comprehensive income (loss)	——	-$156.22M-612%	-$21.93M+2.8%	-$22.55M—
Other Depreciation and Amortization	$2.08B+27.7%	$1.63B+16.5%	$1.4B+6.9%	$1.31B+26.3%
Membership and other income	$170.9M+24.3%	$137.5M-13.9%	$159.76M+89.0%	$84.55M+159%
Payments for Capital Improvements	$1.05B+22.5%	$857.55M+65.7%	$517.68M+8.8%	$476.02M+68.4%
Cash disbursed for construction in progress	$437.73M-47.1%	$827.9M-18.4%	$1.01B+60.7%	$631.74M+51.1%
Payments for hedge	$3.36M—	——	$29.55M-52.2%	$61.85M+326%
Payments for (Proceeds from) Hedge, Investing Activities	$2.88M+114%	-$20.09M—	——	-$63.75M—
Payments for (Proceeds from) Loans Receivable	$468.99M—	——	$409.86M—	——
Payment for (Proceeds from) Other Investing Activity	——	$61.03M-39.3%	$100.58M+2.2%	$98.46M+270%
Payments of Dividends	$1.88B+21.5%	$1.55B+22.6%	$1.26B+11.4%	$1.13B+9.2%
Payments of Ordinary Dividends, Common Stock	$1.88B+21.4%	$1.55B+22.8%	$1.26B+11.2%	$1.13B+9.3%
Payments of Financing Costs	——	——	$7.62M+50.5%	$5.06M-93.1%
Payments To Acquire Interest In Joint Venture	$500.03M+89.0%	$264.56M-23.0%	$343.5M-31.6%	$502.17M+26.8%
Advances on loans receivable	$691.33M+10.9%	$623.5M+27.1%	$490.74M+214%	$156.05M-84.4%
Payments to Acquire Other Real Estate	$13.91B+295%	$3.53B-0.9%	$3.56B+54.3%	$2.31B—
Cash disbursed for acquisitions	——	——	——	——
Payments to Noncontrolling Interests	——	——	——	——
Less: Receipts on loans receivable	$222.35M-24.5%	$294.41M+226%	$90.22M-54.0%	$196.31M-42.8%
Proceeds from Equity Method Investment, Distribution, Return of Capital	$310.41M+492%	$52.39M-65.0%	$149.75M+299%	$37.57M-86.9%
Financing cash flows from financing leases	$182K-85.0%	$1.21M—	——	——
Net cash related to derivative contracts under collateral exchange arrangements	——	$17.12M—	——	$61.85M—
Proceeds from Issuance of Common Stock	——	——	——	——
Proceeds From Issuance Of Unsecured Debt	$4.36B—	——	$1.01B—	——
Proceeds from Issuance or Sale of Equity, Net of Adjustments	$9.42B—	——	——	——
Proceeds from Noncontrolling Interests	$22.15M-62.9%	$59.64M-78.8%	$280.68M+102%	$138.66M-11.3%
Financing — other	-$14.39M+78.0%	-$65.32M-398%	-$13.13M-69.8%	-$7.73M+17.1%
Expected sale proceeds	——	——	$546.57M—	——
Dispositions of property, plant, and equipment	$5.66B+1,581%	$336.53M—	——	$199.5M-81.4%
Cash proceeds from real estate dispositions	——	——	——	——
Cash received from option exercises	$2.67M+109%	$1.28M—	——	——
Profit Loss Excluding Redeemable Noncontrolling Interest	$956.29M-1.5%	$970.62M+171%	$357.91M+102%	$177.37M-52.4%
Total provisions for credit losses	-$9.42M-191%	$10.37M+5.7%	$9.81M-5.0%	$10.32M+41.2%
Provisions For Loan and Lease Losses Excluding Lease Hold Mortgage	-$11.94M-304%	$5.86M+24.5%	$4.71M+263%	-$2.89M-141%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Addition	$3.43M-30.3%	$4.92M-13.0%	$5.66M+41.8%	$3.99M-1.1%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Other Deduction	$2.47B+680%	$316.69M+33.5%	$237.28M+519%	$38.33M-83.6%
Total dispositions	$5.1B+547%	$788.57M+101%	$391.52M+123%	$175.63M-78.8%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Improvements	$1.05B+22.5%	$857.55M+65.7%	$517.68M+8.8%	$476.02M+68.3%
Acquisitions and development	$18.6B+226%	$5.7B+7.6%	$5.3B+47.1%	$3.6B-25.1%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Deduction	$121.28M+30.7%	$92.79M+157%	$36.1M+106%	$17.5M-65.8%
Property taxes	$344.84M+11.0%	$310.57M+12.1%	$276.97M+9.1%	$253.92M—
Redemption of OP Units and DownREIT Units	-$369.13M—	——	$17.36M—	——
Rental Income Related to Above Below Market Tenant Leases	$19K+104%	-$463K-221%	$384K-75.2%	$1.55M-7.7%
Repayments of Secured Debt	$411.17M-17.4%	$498.05M-32.9%	$741.86M+62.3%	$457.18M+131%
Repayments of Unsecured Debt	$1.34B—	——	$0—	——
Revenue From Contract With Customer Excluding Assessed Tax	$8.45B+40.2%	$6.03B+26.8%	$4.75B+13.9%	$4.17B+30.5%
Sales-type lease revenue	——	——	$0—	$0—
Other additions	$70.76M-16.6%	$84.89M+113%	$39.77M-20.4%	$49.93M+323%
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense	——	$1.63B+16.5%	$1.4B+6.9%	$1.31B+26.3%
Stock-based compensation	$1.56B+1,953%	$75.82M+104%	$37.2M+42.3%	$26.15M+46.8%
Granted (in shares)	——	——	——	——
Number of additional shares authorized under the plan (in shares)	——	——	——	——
Amounts related to stock incentive plans, net of forfeitures	$1.57B+1,999%	$74.69M+98.3%	$37.66M+57.0%	$23.98M+59.1%
Option exercises (in dollars per share)	——	——	——	——
Stock Issued During Period Gross Proceeds Stock Options Exercised	$2.67M+109%	$1.28M—	——	——
Stock incentive plans, net of forfeitures (in shares)	——	——	——	——
Stock Issued During Period, Shares, Employee Stock Ownership Plan, Forfeiture	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	——	——	——	——
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment	$9.42B+27.0%	$7.41B+23.4%	$6.01B+63.9%	$3.67B+56.3%
Straight Line Rent	$225.26M—	——	$135.76M+24.7%	$108.88M+253%
Undistributed Earnings (Loss) Available to Common Shareholders, Diluted	$944.09M-1.0%	$953.38M+181%	$339.79M+134%	$145.02M-56.5%
Utilities	$412.99M+25.8%	$328.29M+14.8%	$286.07M+11.9%	$255.63M—
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$110.17M+55.9%	$70.68M+99.0%	$35.52M—	——
Add: dilutive effect of potential common shares (in shares)	$37.18M+141%	$15.45M+75.4%	$8.81M0.0%	$8.81M—

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Questions, answered.

What is Welltower's revenue?: Welltower (WELL) generated $11.8B in revenue over the trailing twelve months, up 37.5% year over year.
Is Welltower profitable?: Welltower reported $1.5B in net income over the trailing twelve months, a 12.4% net margin.
What is Welltower's earnings per share?: Welltower's diluted EPS over the trailing twelve months is $2.01.
Where does Welltower's income statement data come from?: Every line is extracted from Welltower's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.