WELLTOWER INC. (WELL)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Total Revenue2,685,692,000$2,548,244,000$2,423,087,000$2,250,830,000$2,055,663,000$1,824,884,000$1,859,741,000$1,749,775,000$1,662,013,000$1,665,478,000$1,560,729,000$1,518,531,000$1,473,844,000$1,472,536,000$1,395,704,000$1,309,264,000$1,239,797,000$1,140,992,000$1,052,062,000$1,122,016,000$1,036,874,000$1,188,475,000$1,258,602,000$1,262,822,000$1,266,133,000$1,320,106,000$1,272,245,000$1,241,243,000$1,236,379,000$1,125,912,000$1,096,965,000$1,104,257,000$1,091,483,000$1,058,602,000$1,062,298,000$1,078,321,000$1,079,133,000$1,076,657,000$1,047,050,000$1,029,484,000$978,997,000$957,169,000$894,177,000$867,769,000$847,523,000$826,446,000$801,807,000$788,641,000$
QoQ%5.39%5.17%7.65%9.49%12.65%(1.87%)6.29%5.28%(.21%)6.71%2.78%3.03%.09%5.51%6.60%5.60%8.66%8.45%(6.24%)8.21%(12.76%)(5.57%)(.33%)(.26%)(4.09%)3.76%2.50%.39%9.81%2.64%(.66%)1.17%3.11%(.35%)(1.49%)(.08%).23%2.83%1.71%5.16%2.28%7.05%3.04%2.39%2.55%3.07%1.67%.63%
YoY%30.65%39.64%30.29%28.64%23.69%9.57%19.16%15.23%12.77%13.10%11.82%15.98%18.88%29.06%32.66%16.69%19.57%(4.00%)(16.41%)(11.15%)(18.11%)(9.97%)(1.07%)1.74%2.41%17.25%15.98%12.41%13.28%6.36%3.26%2.41%1.14%(1.68%)1.46%4.74%10.23%12.48%17.10%18.64%15.51%15.82%11.52%10.03%8.14%21.80%27.33%61.49%
Cost Of Revenue1,577,048,000$1,514,711,000$1,462,390,000$1,409,300,000$1,212,701,000$1,111,297,000$1,096,913,000$1,036,078,000$995,273,000$958,672,000$957,753,000$938,838,000$912,180,000$854,083,000$853,669,000$785,179,000$729,400,000$642,657,000$617,326,000$620,561,000$634,717,000$660,764,000$681,781,000$662,520,000$655,588,000$701,127,000$670,807,000$650,644,000$657,157,000$568,751,000$556,465,000$62,966,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$2,110,000$
Gross Profit1,108,644,000$1,033,533,000$960,697,000$841,530,000$842,962,000$713,587,000$762,828,000$713,697,000$666,740,000$706,806,000$602,976,000$579,693,000$561,664,000$618,453,000$542,035,000$524,085,000$510,397,000$498,335,000$434,736,000$501,455,000$402,157,000$527,711,000$576,821,000$600,302,000$610,545,000$618,979,000$601,438,000$590,599,000$579,222,000$557,161,000$540,500,000$1,041,291,000$1,091,483,000$1,058,602,000$1,062,298,000$1,078,321,000$1,079,133,000$1,076,657,000$1,047,050,000$1,029,484,000$978,997,000$957,169,000$894,177,000$867,769,000$847,523,000$826,446,000$801,807,000$786,531,000$
Gross Margin41.28%40.56%39.65%37.39%41.01%39.10%41.02%40.79%40.12%42.44%38.63%38.18%38.11%42.00%38.84%40.03%41.17%43.68%41.32%44.69%38.79%44.40%45.83%47.54%48.22%46.89%47.27%47.58%46.85%49.49%49.27%94.30%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%99.73%
Operating Expenses572,936,000$559,211,000$549,627,000$529,113,000$481,680,000$437,610,000$419,181,000$425,057,000$385,420,000$386,232,000$383,483,000$383,605,000$388,510,000$346,849,000$341,794,000$317,610,000$300,010,000$272,321,000$51,130,000$38,012,000$49,195,000$299,433,000$42,775,000$289,151,000$1,187,745,000$1,157,736,000$1,135,931,000$1,157,151,000$1,175,479,000$966,802,000$977,577,000$1,165,270,000$1,006,545,000$901,786,000$943,429,000$941,134,000$885,299,000$865,992,000$879,481,000$905,499,000$782,499,000$806,452,000$729,256,000$759,310,000$731,922,000$738,850,000$729,251,000$749,969,000$
Operating Income
Operating Margin
Interest Income14,648,000$11,975,000$20,187,000$20,901,000$20,748,000$23,688,000$25,080,000$24,007,000$25,188,000$24,191,000$22,380,000$20,576,000$16,994,000$10,796,000$9,344,000$8,933,000$8,594,000$8,338,000$
Interest Expenses
Income Before Tax293,106,000$298,213,000$198,707,000$109,243,000$183,866,000$90,432,000$140,901,000$87,463,000$72,235,000$152,345,000$38,004,000$6,783,000$6,238,000$109,327,000$50,714,000$68,746,000$91,154,000$6,844,000$4,006,000$(30,154,000$)(81,342,000$)4,254,000$75,690,000$165,820,000$78,388,000$162,370,000$136,314,000$84,092,000$60,900,000$159,110,000$119,388,000$(61,012,000$)84,938,000$156,816,000$118,869,000$137,188,000$193,834,000$210,665,000$167,569,000$123,985,000$196,498,000$150,717,000$164,921,000$108,459,000$115,601,000$87,596,000$72,556,000$38,672,000$
Tax Expenses2,335,000$1,053,000$(5,519,000$)114,000$(4,706,000$)1,101,000$6,191,000$(4,768,000$)4,584,000$3,503,000$3,045,000$(4,088,000$)3,257,000$3,065,000$5,013,000$2,051,000$4,940,000$(2,221,000$)3,943,000$290,000$2,003,000$2,233,000$5,442,000$(4,832,000$)3,968,000$1,599,000$2,222,000$1,504,000$1,741,000$3,841,000$1,588,000$25,663,000$669,000$(8,448,000$)2,245,000$(16,585,000$)(305,000$)(513,000$)(1,725,000$)2,682,000$(3,344,000$)7,417,000$(304,000$)(7,636,000$)10,198,000$(1,569,000$)(2,260,000$)14,546,000$
Net Income282,186,000$304,618,000$257,266,000$123,753,000$456,800,000$260,670,000$131,634,000$88,440,000$134,722,000$106,342,000$28,635,000$1,798,000$(2,653,000$)95,672,000$65,751,000$66,194,000$190,336,000$45,757,000$72,192,000$155,278,000$394,978,000$159,216,000$329,380,000$240,136,000$647,932,000$150,040,000$292,302,000$124,696,000$84,226,000$167,273,000$453,555,000$(89,743,000$)89,299,000$203,441,000$337,610,000$351,109,000$354,741,000$210,749,000$165,474,000$149,415,000$199,257,000$330,459,000$209,422,000$206,475,000$152,771,000$87,854,000$65,200,000$25,692,000$
Profit Margin10.51%11.95%10.62%5.50%22.22%14.28%7.08%5.05%8.11%6.39%1.84%.12%(.18%)6.50%4.71%5.06%15.35%4.01%6.86%13.84%38.09%13.40%26.17%19.02%51.17%11.37%22.98%10.05%6.81%14.86%41.35%(8.13%)8.18%19.22%31.78%32.56%32.87%19.57%15.80%14.51%20.35%34.53%23.42%23.79%18.03%10.63%8.13%3.26%
TTM9.77%12.31%12.84%12.17%12.52%8.67%6.65%5.40%4.24%2.16%2.05%2.74%3.98%7.72%7.24%7.90%10.18%15.35%17.77%22.55%23.67%27.67%26.77%25.98%23.82%12.85%13.71%17.65%13.48%14.04%15.09%12.52%22.87%29.14%29.19%25.28%20.80%17.54%21.05%23.02%25.57%25.21%19.11%15.32%10.16%6.64%4.31%4.80%
Earnings to Minority1,627,000$2,730,000$(691,000$)3,782,000$6,951,000$5,956,000$4,488,000$4,529,000$7,252,000$3,302,000$2,962,000$5,526,000$4,114,000$5,888,000$3,826,000$7,522,000$10,673,000$19,500,000$646,000$(8,451,000$)69,393,000$(20,030,000$)19,096,000$15,812,000$58,056,000$12,278,000$11,832,000$11,257,000$8,166,000$1,165,000$4,208,000$10,104,000$3,580,000$3,332,000$823,000$1,714,000$3,479,000$(1,077,000$)153,000$133,000$862,000$1,534,000$2,271,000$1,486,000$164,000$(327,000$)(1,175,000$)(2,308,000$)
Earnings to Common Shareholders280,559,000$301,888,000$257,957,000$119,971,000$449,849,000$254,714,000$127,146,000$83,911,000$127,470,000$103,040,000$25,673,000$(3,728,000$)(6,767,000$)89,784,000$61,925,000$58,672,000$179,663,000$26,257,000$71,546,000$163,729,000$325,585,000$179,246,000$310,284,000$224,324,000$589,876,000$137,762,000$280,470,000$101,763,000$64,384,000$154,432,000$437,671,000$(111,523,000$)74,043,000$188,429,000$312,639,000$333,044,000$334,910,000$195,474,000$148,969,000$132,929,000$182,043,000$312,573,000$190,799,000$188,639,000$136,255,000$71,829,000$50,022,000$11,473,000$
QoQ%(7.07%)17.03%115.02%(73.33%)76.61%100.33%51.53%(34.17%)23.71%301.36%788.65%44.91%(107.54%)44.99%5.54%(67.34%)584.25%(63.30%)(56.30%)(49.71%)81.64%(42.23%)38.32%(61.97%)328.19%(50.88%)175.61%58.06%(58.31%)(64.72%)492.45%(250.62%)(60.71%)(39.73%)(6.13%)(.56%)71.33%31.22%12.07%(26.98%)(41.76%)63.82%1.15%38.45%89.69%43.60%336.00%(44.55%)
YoY%(37.63%)18.52%102.88%42.97%252.91%147.20%395.25%2,350.83%1,983.70%14.76%(58.54%)(106.35%)(103.77%)241.94%(13.45%)(64.17%)(44.82%)(85.35%)(76.94%)(27.01%)(44.81%)30.11%10.63%120.44%816.18%(10.79%)(35.92%)191.25%(13.05%)(18.04%)39.99%(133.49%)(77.89%)(3.60%)109.87%150.54%83.97%(37.46%)(21.92%)(29.53%)33.61%335.16%281.43%1,544.20%558.52%944.25%(9.15%)(87.33%)
Earnings Per Share, Basic0.42$0.46$0.40$0.19$0.74$0.42$0.22$0.15$0.24$0.21$0.05$(0.01$)(0.01$)0.20$0.14$0.13$0.42$0.06$0.17$0.39$0.78$0.43$0.76$0.55$1.46$0.34$0.72$0.27$0.17$0.42$1.18$(0.30$)0.20$0.51$0.86$0.92$0.93$0.55$0.42$0.38$0.52$0.89$0.57$0.31$0.44$0.24$172.72$0.04$
Earnings Per Share, Diluted0.41$0.45$0.39$0.19$0.73$0.42$0.22$0.15$0.24$0.21$0.05$(0.01$)(0.01$)0.20$0.14$0.13$0.42$0.06$0.17$0.39$0.78$0.43$0.75$0.55$1.45$0.34$0.71$0.27$0.17$0.41$1.17$(0.30$)0.20$0.51$0.86$0.91$0.93$0.54$0.42$0.37$0.52$0.89$0.56$0.30$0.44$0.24$171.95$0.04$
Unlevered FCF Per Share, Basic1.28$1.17$0.93$0.89$1.12$1.01$0.71$0.67$0.84$0.83$0.76$0.52$0.77$0.87$0.73$0.65$0.82$0.80$0.73$0.61$0.71$0.96$1.00$0.80$0.88$1.26$0.88$0.99$1.00$1.26$0.99$0.73$0.86$1.25$1.06$0.99$1.18$1.33$1.07$0.98$1.19$1.12$0.67$0.46$0.83$1.14$893.15$1.26$
Unlevered FCF Per Share, Diluted1.25$1.15$0.92$0.88$1.11$1.00$0.70$0.67$0.84$0.83$0.76$0.52$0.77$0.86$0.72$0.65$0.82$0.80$0.72$0.61$0.71$0.95$1.00$0.80$0.87$1.26$0.87$0.98$1.00$1.26$0.99$0.73$0.86$1.25$1.06$0.98$1.18$1.32$1.07$0.97$1.18$1.12$0.67$0.46$0.83$1.13$889.12$1.25$
Average Shares, Basic672,407,000656,593,000643,393,000626,016,000611,290,000600,545,000574,049,000549,584,000521,848,000499,023,000492,061,000483,668,000463,366,000454,327,000447,379,000437,180,000428,031,000417,452,000417,241,000417,387,000417,027,000417,084,000410,306,000406,276,000405,023,000404,607,000391,474,000378,391,000373,023,000371,640,000371,426,000370,801,000369,089,000366,524,000362,534,000362,446,000358,932,000356,646,000355,076,000354,042,000351,765,000350,399,000336,754,000617,425,394311,117,000296,256,000289,606288,569,000
Average Shares, Diluted685,399,000668,140,000653,795,000634,601,000618,306,000604,563,000577,530,000553,202,000525,138,000501,970,000494,494,000490,382,000463,366,000457,082,000449,802,000438,997,000429,983,000419,305,000419,079,000419,020,000418,987,000419,121,000412,420,000408,216,000406,891,000406,673,000393,452,000380,181,000374,487,000373,075,000373,257,000372,463,000370,740,000368,149,000364,652,000364,729,000361,237,000358,891,000356,051,000355,411,000353,107,000351,366,000337,812,000619,890,083312,812,000297,995,000290,917290,498,000
EBIT293,106,000$298,213,000$198,707,000$109,243,000$183,866,000$90,432,000$140,901,000$87,463,000$72,235,000$152,345,000$38,004,000$6,783,000$6,238,000$109,327,000$50,714,000$68,746,000$91,154,000$6,844,000$4,006,000$(30,154,000$)(81,342,000$)4,254,000$75,690,000$165,820,000$78,388,000$162,370,000$136,314,000$84,092,000$60,900,000$159,110,000$119,388,000$(61,012,000$)84,938,000$156,816,000$118,869,000$137,188,000$193,834,000$210,665,000$167,569,000$123,985,000$196,498,000$150,717,000$164,921,000$108,459,000$115,601,000$87,596,000$72,556,000$38,672,000$
EBITDA802,918,000$793,249,000$684,576,000$589,649,000$587,645,000$472,477,000$506,764,000$468,193,000$411,549,000$494,290,000$377,116,000$349,069,000$359,937,000$419,622,000$354,802,000$353,247,000$358,908,000$247,729,000$248,432,000$212,579,000$174,190,000$269,625,000$350,491,000$428,464,000$350,833,000$410,422,000$380,246,000$326,926,000$304,049,000$395,385,000$347,589,000$177,446,000$315,076,000$381,664,000$347,145,000$365,104,000$411,895,000$437,234,000$396,265,000$346,794,000$402,298,000$359,519,000$353,750,000$303,852,000$316,572,000$302,044,000$305,874,000$282,053,000$