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Welltower WELL Membership and other income

Segments

By segment

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Seniors Housing Operating$9.44M+183%
Outpatient Medical$1.09M-48.9%
Triple-net$232K+0.4%

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$177.94B+71.9%
Enterprise value$175.29B+74.5%

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×

Questions, answered.

What does membership and other income mean?
Includes auxiliary revenue streams that are not directly tied to core rental or interest income, such as management fees, service charges, or other ancillary business activities. This metric helps diversify the company's income base beyond traditional real estate leasing.