WELLTOWER INC.

WELL
Real estate investment trusts
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
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Statement
Income StatementBalance SheetCash Flow
Period
Annual Quarterly
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WELLTOWER INC. back to 2011, every line as filed.

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USD ($)
$ in Thousands 		LTMDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014Dec 31, 2013Dec 31, 2012Dec 31, 2011
Operating activities:
                
Net income
$ 1,615,252
$ 961,837
$ 972,857
$ 358,139
Adjustments to reconcile net income to net cash provided from (used in) operating activities:
                
Depreciation and amortization
-
-
-
-
Depreciation and amortization
2,464,479
2,084,868
1,632,093
1,401,101
Other amortization expenses
49,257
56,381
47,759
42,645
Provision for loan losses, net
(2,481)
(9,416)
10,125
9,809
Provision for loan losses, net
-
-
-
-
Impairment of assets
79,605
121,283
92,793
36,097
Impairment of assets
-
-
-
-
Stock-based compensation expense
1,559,320
1,556,732
75,821
37,199
Loss (gain) on derivatives and financial instruments, net
26,026
22,407
(27,887)
(2,120)
Loss on derivatives
-
-
-
-
Loss (gain) on extinguishment of debt, net
5,800
9,245
2,130
7
Distributions by unconsolidated entities
21,307
21,851
19,516
11,623
Loss (income) from unconsolidated entities
27,823
14,297
496
53,442
Rental income less than (in excess of) cash received
(298,001)
(225,261)
(15,859)
(135,758)
Rental income less than (in excess of) cash received
-
-
-
-
Amortization related to above (below) market leases, net
(2,353)
(2,721)
(219)
(529)
Loss (gain) on real estate dispositions and acquisitions of controlling interests, net
(1,901,353)
(1,449,043)
(451,611)
-
Proceeds from (payments on) interest rate swap settlements
-
0
(59,555)
-
Loss (gain) on real estate dispositions, net
-
-
-
(67,898)
Loss (gain) on loss of control of subsidiary
0
0
0
(65,485)
Other (income) expense, net
-
-
-
-
Loss (gain) on sales of properties, net
-
-
-
-
Gain (loss) on sales of properties, net
-
-
-
-
Other income less than (in excess of) cash received
-
-
-
-
Increase (decrease) in accrued expenses and other liabilities
(186,553)
(83,906)
26,541
(79,801)
Decrease (increase) in receivables and other assets
(271,804)
(196,877)
(68,579)
3,390
Net cash provided from (used in) operating activities
3,186,324
2,881,677
2,256,421
1,601,861
Investing activities:
                
Cash disbursed for acquisitions, net of cash acquired
(17,297,308)
(13,913,975)
(3,525,449)
(3,558,266)
Cash disbursed for acquisitions, net of cash acquired
-
-
-
-
Cash disbursed for capital improvements to existing properties
(1,166,160)
(1,050,263)
(857,546)
(517,682)
Cash disbursed for construction in progress
(366,086)
(437,731)
(827,900)
(1,014,935)
Capitalized interest
(30,926)
(33,799)
(58,115)
(50,699)
Capitalized interest
-
-
-
-
Investment in loans receivable
(2,527,275)
(691,334)
(623,501)
(490,736)
Principal collected on loans receivable
888,190
222,348
294,409
90,215
Other investments, net of payments
(24,646)
(73,758)
(61,027)
(100,128)
Other investments, net of payments
-
-
-
-
Contributions to unconsolidated entities
(755,029)
(500,033)
(264,561)
(343,498)
Distributions by unconsolidated entities
522,782
310,410
52,391
149,753
Net proceeds from net investment hedge settlements
(3,252)
(2,884)
20,093
-
Proceeds from (payments on) derivatives
-
-
-
31,493
Proceeds from (payments on) derivatives
-
-
-
-
Proceeds from (payments on) derivatives
-
-
-
-
Distributions by unconsolidated entities investing
-
-
-
-
Decrease (increase) in restricted cash
-
-
-
-
Proceeds from sales of real property
7,601,216
5,658,270
336,525
96,741
Net cash provided from (used in) investing activities
(13,158,494)
(10,512,749)
(5,514,681)
(5,707,742)
Financing activities:
                
Net increase (decrease) under unsecured credit facility and commercial paper
-
0
0
0
Net increase (decrease) under unsecured credit facility and commercial paper
-
-
-
-
Net carrying value included in senior unsecured notes
3,077,126
4,360,818
1,015,063
1,011,780
Payments to extinguish senior unsecured notes
(2,395,080)
(1,344,645)
(1,350,000)
0
Net proceeds from the issuance of secured debt
329,255
4,871
197,930
385,115
Payments on secured debt
(163,858)
(411,171)
(498,049)
(741,856)
Net proceeds from the issuance of common stock
8,900,866
8,900,866
7,415,778
6,010,129
Net proceeds from the issuance of common stock
-
-
-
-
Repurchase of common stock
-
-
-
-
Net proceeds from issuance of preferred stock
-
-
-
-
Redemption of preferred stock
-
-
-
-
Proceeds from issuance of preferred stock
-
-
-
-
Payments for deferred financing costs and prepayment penalties
(39,707)
(694)
(23,388)
(7,220)
Contributions by noncontrolling interests
38,940
22,149
59,643
280,678
Distributions to noncontrolling interests
(556,177)
(640,084)
(301,029)
(216,273)
Cash distributions to stockholders
(2,051,426)
(1,877,959)
(1,545,275)
(1,260,578)
Acquisitions of non controlling interests
-
-
-
-
Cash distributions to stockholders
-
-
-
-
Other financing activities
(16,774)
(14,391)
(65,322)
(13,128)
Net cash provided from (used in) financing activities
7,607,975
8,999,760
4,905,351
5,448,647
Effect of foreign currency translation on cash and cash equivalents and restricted cash
(62,152)
129,394
(11,717)
11,025
Increase (decrease) in cash, cash equivalents and restricted cash
(2,426,347)
1,498,082
1,635,374
1,353,791
Effect of foreign currency translation on cash and cash equivalents
-
-
-
-
Increase (decrease) in cash and cash equivalents
-
-
-
-
Supplemental cash flow information:
                
Interest paid
669,482
579,589
593,030
628,582
Income taxes paid
-
-
-
-
Income taxes paid (received), net
$ 39,493
$ 22,762
$ 8,415
$ 7,682