Non-Current Liabilities

Unsecured debt

Welltower Unsecured debt increased by 14.1% to $16.38B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 24.5%, from $13.16B to $16.38B. Over 5 years (FY 2020 to FY 2025), Unsecured debt shows an upward trend with a 7.5% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025

How to read this metric

Higher levels indicate reliance on corporate credit, which is generally favorable for operational flexibility but requires strong credit ratings.

Detailed definition

This represents debt obligations that are not backed by specific collateral, relying instead on the company's general cr...

Peer comparison

Common for large-cap REITs with strong balance sheets; smaller peers may rely more on secured debt.

Metric ID: non_current_liabilities_unsecured_debt

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$11.16B$11.12B$11.61B$12.14B$12.49B$12.32B$12.44B$12.49B$13.53B$13.45B$13.55B$12.17B$12.17B$13.30B$13.16B$13.22B$13.45B$14.37B$16.38B
QoQ Change-0.4%+4.5%+4.5%+2.9%-1.3%+0.9%+0.4%+8.4%-0.6%+0.7%-10.2%-0.0%+9.2%-1.0%+0.4%+1.7%+6.8%+14.1%
YoY Change+11.9%+10.9%+7.1%+2.9%+8.3%+9.2%+9.0%-2.5%-10.1%-1.2%-2.9%+8.6%+10.5%+8.0%+24.5%
Range$11.12B$16.38B
CAGR+8.9%
Avg YoY Growth+6.3%
Median YoY Growth+8.3%
Current Streak4 quarters growth

Frequently Asked Questions

What is Welltower's unsecured debt?
Welltower (WELL) reported unsecured debt of $16.38B in Q4 2025.
How has Welltower's unsecured debt changed year-over-year?
Welltower's unsecured debt increased by 24.5% year-over-year, from $13.16B to $16.38B.
What is the long-term trend for Welltower's unsecured debt?
Over 5 years (2020 to 2025), Welltower's unsecured debt has grown at a 7.5% compound annual growth rate (CAGR), from $11.42B to $16.38B.
What does unsecured debt mean?
Debt that is not tied to specific property collateral, based on the company's credit reputation.

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