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 2010, every line as filed.

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USD ($)
$ in Thousands 		Jun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025Mar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Sep 30, 2023Jun 30, 2023Mar 31, 2023Sep 30, 2022Jun 30, 2022Mar 31, 2022Sep 30, 2021Jun 30, 2021Mar 31, 2021Sep 30, 2020Jun 30, 2020Mar 31, 2020Sep 30, 2019Jun 30, 2019Mar 31, 2019Sep 30, 2018Jun 30, 2018Mar 31, 2018Sep 30, 2017Jun 30, 2017Mar 31, 2017Sep 30, 2016Jun 30, 2016Mar 31, 2016Sep 30, 2015Jun 30, 2015Mar 31, 2015Sep 30, 2014Jun 30, 2014Mar 31, 2014Sep 30, 2013Jun 30, 2013Mar 31, 2013Jun 30, 2012Mar 31, 2012Sep 30, 2011Jun 30, 2011Mar 31, 2011Sep 30, 2010Jun 30, 2010
Operating activities:  
                                                
Net income (loss) 
$ 462,975
$ 752,324
$ 282,186
$ 304,618
$ 257,266
$ 456,800
$ 260,670
$ 131,634
$ 134,722
$ 106,342
$ 28,635
$ (2,653)
Adjustments to reconcile net income (loss) to net cash provided from (used in) operating activities:
                                                
Depreciation and amortization  
737,764
622,752
509,812
495,036
485,869
403,779
382,045
365,863
339,314
341,945
339,112
353,699
Depreciation and amortization
-
-
-
-
-
-
-
-
-
-
-
-
Other amortization expenses  
11,094
9,670
14,273
13,734
14,154
15,059
15,001
13,105
10,916
10,294
9,792
9,210
Provision for loan losses, net
2,183
1,632
1,088
(1,113)
(2,007)
4,193
5,163
1,014
4,059
2,456
777
490
Provision for loan losses
-
-
-
-
-
-
-
-
-
-
-
-
Impairment of assets  
25,774
4,826
3,081
19,876
52,402
23,421
2,394
43,331
7,388
1,086
12,629
4,356
Impairment of assets
-
-
-
-
-
-
-
-
-
-
-
-
Stock-based compensation expense  
16,520
18,830
15,586
15,257
17,505
39,910
10,350
12,048
8,821
10,504
9,456
5,990
Loss (gain) on derivatives and financial instruments, net  
0
0
31,682
(409)
(3,210)
(9,906)
(5,825)
(3,054)
2,885
1,280
930
6,905
Loss (gain) on derivatives and financial instruments, net
-
-
-
-
-
-
-
-
-
-
-
-
Loss (gain) on derivatives, net
-
-
-
-
-
-
-
-
-
-
-
-
Loss (gain) on extinguishment of debt, net  
1,984
727
0
0
6,156
419
1,705
6
1
1
5
2
Unrealized loss on derivatives
-
-
-
-
-
-
-
-
-
-
-
-
Loss (income) from unconsolidated entities
17,969
1,686
12,610
7,392
(1,263)
4,038
(4,896)
7,783
4,031
40,332
7,071
6,698
Rental income less than (in excess of) cash received  
(89,411)
(75,976)
(55,301)
(48,754)
(43,893)
(45,501)
44,199
(30,503)
(24,348)
(35,170)
(36,827)
(28,126)
Amortization related to above (below) market leases, net  
(228)
(213)
(419)
(424)
(385)
152
19
(5)
(188)
(166)
(82)
(396)
Loss (gain) on real estate dispositions and acquisitions of controlling interests, net  
(98,537)
(420,400)
(4,025)
(14,850)
(51,777)
(272,266)
-
-
-
-
-
-
Proceeds from (payments on) interest rate swap settlements
-
-
-
-
0
-
-
(59,555)
-
-
-
-
Loss (gain) on real estate dispositions, net  
-
-
-
-
-
-
(166,443)
(4,707)
(71,102)
2,168
(747)
(1,064)
Loss (gain) on loss of control of subsidiary
-
-
-
-
-
-
-
-
-
(65,485)
-
-
Rental income in excess of cash received
-
-
-
-
-
-
-
-
-
-
-
-
Loss (gain) on sales of properties, net
-
-
-
-
-
-
-
-
-
-
-
-
Distributions by unconsolidated entities
8,417
3,059
6,519
7,860
4,160
2,827
8,409
1,609
2,160
3,477
3,418
(942)
Increase (decrease) in accrued expenses and other liabilities  
606
(192,334)
110,012
16,030
(105,111)
82,821
82,525
(29,420)
105,075
(4,877)
(4,503)
89,016
Decrease (increase) in receivables and other assets  
(93,482)
(56,572)
(68,748)
(44,219)
(30,908)
(20,762)
(29,897)
(42,343)
(84,678)
2,058
6,392
(87,194)
Net cash provided from (used in) operating activities  
1,003,628
670,011
858,356
770,034
598,958
684,984
605,419
406,806
439,056
416,245
376,058
355,991
Investing activities:  
                                                
Cash disbursed for acquisitions, net of cash acquired
(5,210,202)
(1,109,949)
(1,104,118)
(947,860)
(1,988,958)
(1,061,579)
(544,756)
(62,771)
(649,533)
(21,375)
(402,719)
(821,231)
Cash disbursed for acquisitions
-
-
-
-
-
-
-
-
-
-
-
-
Cash disbursed for capital improvements to existing properties
(319,294)
(269,832)
(263,059)
(232,879)
(240,350)
(241,150)
(165,093)
(132,509)
(129,112)
(113,639)
(91,339)
(115,766)
Cash disbursed for construction in progress
(62,144)
(104,772)
(95,420)
(112,374)
(126,187)
(173,389)
(227,359)
(231,763)
(256,597)
(247,889)
(226,226)
(177,038)
Capitalized interest  
(8,851)
(8,449)
(6,150)
(8,653)
(11,520)
(15,668)
(14,478)
(13,809)
(13,947)
(11,870)
(10,335)
(8,863)
Capitalized interest
-
-
-
-
-
-
-
-
-
-
-
-
Investment in loans receivable
(493,457)
(1,382,728)
(396,385)
(20,572)
(19,672)
(23,474)
(463,356)
(116,789)
(252,157)
(21,566)
(54,831)
(15,614)
Principal collected on loans receivable  
89,955
737,926
46,097
61,667
100,372
112,732
101,587
36,472
21,911
30,901
15,592
11,200
Other investments, net of payments  
(11,944)
(4,171)
(23,919)
(6,027)
(59,200)
(12,086)
(25,462)
(11,723)
453
(15,271)
(80,548)
(58,706)
Other investments, net of payments
-
-
-
-
-
-
-
-
-
-
-
-
Contributions to unconsolidated entities  
(136,159)
(381,267)
(39,933)
(211,917)
(50,513)
(72,778)
(42,371)
(103,825)
(61,199)
(93,338)
(112,822)
(82,980)
Distributions by unconsolidated entities  
205,737
45,395
141,304
26,365
12,395
17,834
11,820
10,039
20,809
120,376
4,800
20,615
Net proceeds from net investment hedge settlements
44,648
(47,215)
-
(40,030)
37,831
4,081
5,718
913
-
-
-
-
Proceeds from (payments on) derivatives  
-
-
-
-
-
-
-
-
-
-
3,933
36,445
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  
635,879
1,717,876
111,278
93,146
317,663
16,001
84,939
44,834
82,034
(19,708)
21,658
20,527
Net cash provided from (used in) investing activities  
(5,265,832)
(807,186)
(1,630,305)
(1,399,134)
(2,028,139)
(1,449,476)
(1,278,811)
(580,931)
(1,237,338)
(393,379)
(932,837)
(1,199,249)
Financing activities:  
                                                
Net increase (decrease) under unsecured credit facility and commercial paper
-
-
-
-
-
-
-
-
-
-
-
-
Net increase (decrease) in unsecured credit facility and commercial paper
-
-
-
-
-
-
-
-
-
-
-
-
Net proceeds from issuance of senior unsecured notes
55,858
19,775
994,832
1,359,325
-
1,015,063
-
-
353
1,011,427
0
-
Net increase (decrease) under unsecured credit facility and commercial paper
-
-
-
-
-
-
-
0
-
-
0
300,715
Payments to extinguish, exchange or redeem senior unsecured notes  
(1,117,029)
(1,183,406)
(49,575)
(1,250,000)
0
-
-
(1,350,000)
-
-
-
-
Net proceeds from issuance of senior unsecured notes
-
-
-
-
-
-
-
-
-
-
-
-
Net proceeds from the issuance of secured debt  
324,384
-
-
-
0
836
1,493
1,379
7,907
10,562
362,900
79,460
Payments on secured debt  
(49,513)
(20,630)
(18,745)
(183,179)
(134,277)
(122,417)
(100,966)
(132,833)
(337,750)
(61,704)
(39,573)
(93,523)
Net proceeds from the issuance of common stock  
2,907,383
1,544,848
2,870,097
1,975,018
1,992,403
-
-
-
-
-
-
-
Net proceeds from the issuance of common stock  
-
-
-
-
-
1,242,019
1,603,861
2,416,484
1,931,148
922,876
411,032
827,392
Repurchase of common stock
-
-
-
-
-
-
-
-
-
-
-
-
Net proceeds from the issuance of preferred stock
-
-
-
-
-
-
-
-
-
-
-
-
Redemption of preferred stock
-
-
-
-
-
-
-
-
-
-
-
-
Payments for deferred financing costs and prepayment penalties  
(24,354)
(15,421)
176
(291)
(471)
(23,454)
-
(6)
(661)
(514)
(6,444)
(800)
Contributions by noncontrolling interests
5,515
20,413
1,356
5,551
3,586
2,440
2,772
23,797
29,799
97,792
83,480
9,438
Distributions to noncontrolling interests
(39,131)
(34,973)
(59,693)
(44,083)
(113,928)
(18,465)
(63,212)
(22,591)
(98,804)
(45,008)
(35,664)
(7,466)
Cash distributions to stockholders  
(524,393)
(520,497)
(496,918)
(439,057)
(432,366)
(408,768)
(366,094)
(352,184)
(318,691)
(303,402)
(300,195)
(283,454)
Acquisitions of noncontrolling interests
-
-
-
-
-
-
-
-
-
-
-
-
Cash distributions to stockholders  
-
-
-
-
-
-
-
-
-
-
-
-
Other financing activities
(4,305)
(9,648)
(1,035)
(4,788)
(6,782)
(9,652)
(18,736)
(5,479)
(4,509)
(188)
(5,066)
(1,144)
Net cash provided from (used in) financing activities  
1,534,415
(199,539)
3,240,495
1,418,496
1,308,165
1,677,602
1,059,118
578,567
1,208,792
1,631,841
470,470
830,618
Effect of foreign currency translation on cash and cash equivalents and restricted cash
5,660
(53,532)
(51,484)
123,830
19,844
7,700
(463)
(2,190)
(22,868)
5,566
2,813
(4,427)
Increase (decrease) in cash, cash equivalents and restricted cash  
(2,722,129)
(390,246)
2,417,062
913,226
(101,172)
920,810
385,263
402,252
387,642
1,660,273
(83,496)
(17,067)
Effect of foreign currency translation on cash and cash equivalents
-
-
-
-
-
-
-
-
-
-
-
-
Increase (decrease) in cash and cash equivalents
-
-
-
-
-
-
-
-
-
-
-
-
Supplemental cash flow information:
                                                
Interest paid
125,498
216,403
121,331
122,975
129,033
110,372
131,270
149,007
148,348
125,580
148,399
157,314
Income taxes paid
-
-
-
-
-
-
-
-
-
-
-
-
Income taxes paid (received), net
$ 15,516
$ 20,092
$ 3,456
$ 7,577
$ 11,300
$ (742)
$ 5,866
$ 3,259
$ 2,935
$ 832
$ 325
$ 1,263