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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)$1.02+155%

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$160.22B+59.7%
Enterprise value$157.57B+62.0%
P/E110×+22.1×
P/S13.6×+2.8×

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:SellingGeneralAndAdministrativeExpense.

The official record: Welltower’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Welltower's SG&A?
Welltower (WELL) reported SG&A of $67.47M in Q1 2026.
How has Welltower's SG&A changed year-over-year?
Welltower's SG&A increased by 5.8% year-over-year, from $63.76M to $67.47M.
What is the long-term trend for Welltower's SG&A?
Over 4 years (2021 to 2025), Welltower's SG&A has grown at a 92.7% compound annual growth rate (CAGR), from $126.73M to $1.75B.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.