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WELLTOWER INC.

WELL

Real Estate Investment Trusts

Last filing · Quarter 2 · Jun 30, 2026

Financial Statements Ratios

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Statement

Period

Annual Quarterly

Order

Format

% Change

Rows

USD ($) $ in Thousands, shares in Thousands	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Sep 30, 2022
Revenues:
Rental income	$ 459,740	$ 453,842	$ 499,475	$ 483,040	$ 461,567	$ 430,486	$ 335,811	$ 417,652	$ 384,507	$ 383,439	$ 384,059	$ 361,983
Resident fees and services	2,984,891	2,780,931	2,061,370	1,971,044	1,864,530	1,511,524	1,393,473	1,360,274	-	-	-	-
Interest income	77,369	70,929	67,216	62,057	62,490	69,046	63,453	52,664	-	-	-	-
Other income	22,586	46,224	57,631	32,103	34,500	44,607	32,147	29,151	-	-	-	-
Total revenues	3,544,586	3,351,926	2,685,692	2,548,244	2,423,087	2,055,663	1,824,884	1,859,741	1,662,013	1,665,478	1,560,729	1,473,844
Expenses:
Property operating expenses	2,150,123	2,055,420	1,577,048	1,514,711	1,462,390	1,212,701	1,111,297	1,096,913	995,273	958,672	957,753	912,180
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
Interest expense	181,914	192,715	162,052	141,157	144,962	139,050	133,424	147,318	156,532	152,337	144,403	139,682
General and administrative expenses	67,486	67,474	63,124	64,175	63,758	77,901	55,565	53,318	46,106	44,287	44,371	34,811
Transaction costs	-	-	-	-	-	-	-	-	-	-	-	-
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, net	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on derivatives	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on extinguishment of debt, net	(1,984)	(727)	0	0	(6,156)	(419)	(1,705)	(6)	(1)	(1)	(5)	(2)
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
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
Other expenses	56,930	61,137	44,699	16,598	14,060	20,239	48,684	14,131	38,220	11,069	22,745	15,481
Total expenses	3,224,158	3,006,683	2,392,586	2,250,031	2,224,380	1,871,797	1,734,452	1,718,840	1,589,778	1,513,133	1,522,725	1,467,606
Income (loss) from continuing operations before income taxes and other items	320,428	345,243	293,106	298,213	198,707	183,866	90,432	140,901	72,235	152,345	38,004	6,238
Income tax (expense) benefit	(61,979)	11,633	2,335	1,053	(5,519)	(4,706)	1,101	6,191	4,584	3,503	3,045	3,257
Income (loss) 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)
Gain (loss) on real estate dispositions and acquisitions of controlling interests, net	98,537	420,400	4,025	14,850	51,777	-	166,443	4,707	71,102	(2,168)	747	1,064
Income (loss) from continuing operations	462,975	752,324	282,186	304,618	257,266	456,800	260,670	131,634	134,722	106,342	28,635	(2,653)
Discontinued operations:
Gain (loss) on sales of properties, net	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from discontinued operations, net	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations, net	-	-	-	-	-	-	-	-	-	-	-	-
Net income	462,975	752,324	282,186	304,618	257,266	456,800	260,670	131,634	134,722	106,342	28,635	(2,653)
Less: Preferred stock dividends	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred stock redemption charge	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net income (loss) attributable to noncontrolling interests	17,973	23,652	1,627	2,730	(691)	6,951	5,956	4,488	7,252	3,302	2,962	4,114
Net income (loss) attributable to common stockholders	445,002	728,672	280,559	301,888	257,957	449,849	254,714	127,146	127,470	103,040	25,673	(6,767)
Weighted average number of common shares outstanding:
Basic (in shares)	709,732	699,837	672,407	656,593	643,393	611,290	600,545	574,049	521,848	499,023	492,061	463,366
Diluted (in shares)	737,956	726,255	685,399	668,140	653,795	618,306	604,563	577,530	525,138	501,970	494,494	463,366
Earnings per share:
Basic:
Income (loss) from continuing operations (in dollars per share)	$ 0.65	$ 1.07	$ 0.42	$ 0.46	$ 0.4	$ 0.75	$ 0.43	$ 0.23	$ 0.26	$ 0.21	$ 0.06	$ (0.01)
Income from continuing operations attributable to common stockholders	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations, net	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stockholders (in dollars per share)	0.63	1.04	0.42	0.46	0.4	0.74	0.42	0.22	0.24	0.21	0.05	(0.01)
Diluted:
Income (loss) from continuing operations (in dollars per share)	0.63	1.04	0.41	0.46	0.39	0.74	0.43	0.23	0.26	0.21	0.06	(0.01)
Income from continuing operations attributable to common stockholders	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations, net	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common stockholders (in dollars per share)	0.61	1.02	0.41	0.45	0.4	0.73	0.42	0.22	0.24	0.2	0.05	(0.01)
Dividends declared and paid per common share (in dollars per share)	$ 0.74	$ 0.74	$ 0.74	$ 0.67	$ 0.67	$ 0.67	$ 0.61	$ 0.61	$ 0.61	$ 0.61	$ 0.61	$ 0.61
Net income (loss)	462,975	752,324	282,186	304,618	257,266	456,800	260,670	131,634	134,722	106,342	-	-
Other comprehensive income (loss):
Foreign currency translation gain (loss)	(11,790)	(379,211)	(207,037)	560,442	168,537	247,194	(28,340)	(85,830)	(165,186)	119,519	80,765	(372,494)
Derivative and financial instruments designated as hedges gain (loss)	(69,956)	322,031	154,461	(413,839)	(118,291)	(194,988)	9,096	60,615	106,449	(85,884)	(69,738)	417,567
Total other comprehensive income (loss)	(81,746)	(57,180)	(52,576)	146,603	50,246	52,206	(19,244)	(25,215)	(58,737)	33,635	11,027	45,073
Total comprehensive income (loss)	381,229	695,144	229,610	451,221	307,512	509,006	241,426	106,419	75,985	139,977	39,662	42,420
Less: Total comprehensive income (loss) attributable to noncontrolling interests	15,407	21,297	483	5,711	(629)	7,730	5,258	(3,050)	2,283	8,286	5,841	(20,741)
Total comprehensive income (loss) attributable to common stockholders	$ 365,822	$ 673,847	$ 229,127	$ 445,510	$ 308,141	$ 501,276	$ 236,168	$ 109,469	$ 73,702	$ 131,691	$ 33,821	$ 63,161