Non-Current Liabilities

Secured Debt

Welltower Secured Debt decreased by 1.4% to $2.49B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.8%, from $2.47B to $2.49B. Over 4 years (FY 2020 to FY 2024), Secured Debt shows relatively stable performance with a -0.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026

How to read this metric

Higher levels of secured debt may indicate limited access to unsecured credit markets or a strategy to lower interest costs by pledging collateral.

Detailed definition

This refers to debt obligations backed by specific company assets pledged as collateral. In the event of default, credit...

Peer comparison

Commonly used by industrial companies to finance heavy equipment or large-scale infrastructure projects.

Metric ID: secured_debt

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$2.30B$2.26B$2.19B$2.10B$2.19B$2.12B$2.11B$2.47B$2.46B$2.38B$2.18B$2.03B$1.77B$2.47B$2.34B$2.50B$2.52B$2.49B
QoQ Change-1.8%-3.1%-4.0%+4.1%-3.2%-0.5%+17.2%-0.6%-3.3%-8.3%-6.9%-13.1%+39.8%-5.3%+7.1%+0.7%-1.4%
YoY Change-4.9%-6.2%-3.7%+17.6%+12.3%+12.2%+3.4%-17.8%-28.2%+3.7%+7.1%+23.2%+42.8%+0.8%
Range$1.77B$2.52B
CAGR+1.8%
Avg YoY Growth+4.4%
Median YoY Growth+3.6%

Frequently Asked Questions

What is Welltower's secured debt?
Welltower (WELL) reported secured debt of $2.49B in Q3 2025.
How has Welltower's secured debt changed year-over-year?
Welltower's secured debt increased by 0.8% year-over-year, from $2.47B to $2.49B.
What is the long-term trend for Welltower's secured debt?
Over 4 years (2020 to 2024), Welltower's secured debt has grown at a -0.4% compound annual growth rate (CAGR), from $2.38B to $2.34B.
What does secured debt mean?
Debt that is backed by specific assets the company owns.

Cookie Preferences

We use cookies for analytics. See our Privacy and Cookie Policy.