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Welltower WELL Noncontrolling Interest, Change in Redemption Value

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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$170.72B+51.9%
Enterprise value$168.07B+53.8%

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:MinorityInterestChangeInRedemptionValue.

The source filing: Welltower’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 6:49 AM EST
Fiscal year
FY2025
Accession
0000766704-26-000010

Certain noncontrolling interests are redeemable at fair value. Accordingly, we record the carrying amount of the noncontrolling interests at the greater of (i) the initial carrying amount, increased or decreased for the noncontrolling interest’s share of net income or loss and its share of other comprehensive income or loss and contributions or distributions or (ii) the redemption value. If the interests are redeemable in the future, we accrete the carrying value to the redemption value over the period until expected redemption, currently a weighted average period of approximately two years. In accordance with ASC 810, the redeemable noncontrolling interests are classified outside of permanent equity, as a mezzanine item on the balance sheet. At December 31, 2025, the current redemption value of redeemable noncontrolling interests exceeded the carrying value of $263,223,000 by $31,651,000.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Welltower's noncontrolling interest, change in redemption value?
Welltower (WELL) reported noncontrolling interest, change in redemption value of $7.91M in Q4 2025.
How has Welltower's noncontrolling interest, change in redemption value changed year-over-year?
Welltower's noncontrolling interest, change in redemption value decreased by 5.4% year-over-year, from $8.36M to $7.91M.
What is the long-term trend for Welltower's noncontrolling interest, change in redemption value?
Over 4 years (2021 to 2025), Welltower's noncontrolling interest, change in redemption value has grown at a -5.8% compound annual growth rate (CAGR), from $40.21M to $31.65M.
What does noncontrolling interest, change in redemption value mean?
This metric tracks the adjustments made to the carrying value of noncontrolling interests that are subject to redemption features. It reflects changes in the estimated payout required if the minority partners were to exercise their redemption rights. This is critical for understanding potential future cash outflows and the impact on equity attributable to the parent company.

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