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Welltower (WELL) Financials

Welltower logo
$152.53 +3.36 (+2.25%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$153.90 +1.37 (+0.90%)
As of 04:18 AM Eastern
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Annual Income Statements for Welltower

Annual Income Statements for Welltower

This table shows Welltower's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
952 340 141 336 979 1,232 758 464 1,012 818
Consolidated Net Income / (Loss)
973 358 161 374 1,039 1,330 830 541 1,082 889
Net Income / (Loss) Continuing Operations
973 358 161 374 1,039 1,330 830 541 1,082 608
Total Pre-Tax Income
524 350 173 171 -32 543 423 300 709 636
Total Revenue
7,991 6,638 5,861 4,252 4,092 4,566 4,700 3,832 4,281 3,368
Net Interest Income / (Expense)
256 168 151 -352 -514 -556 0.00 -485 98 -408
Total Interest Income
256 168 151 138 0.00 0.00 0.00 0.00 98 84
Loans and Leases Interest Income
256 168 151 138 - - - - - -
Total Interest Expense
0.00 0.00 0.00 490 514 556 0.00 485 0.00 492
Total Non-Interest Income
7,735 6,470 5,710 4,605 4,606 5,121 4,700 4,317 4,183 3,776
Service Charges on Deposit Accounts
6,027 4,754 4,174 - - - - - 2,505 2,158
Other Service Charges
138 160 85 33 - - - - 30 19
Other Non-Interest Income
1,570 1,556 1,452 4,572 4,606 5,121 4,700 4,317 1,649 1,599
Provision for Credit Losses
10 9.81 10 7.27 94 19 0.00 63 - 0.00
Total Non-Interest Expense
7,457 6,278 5,677 4,074 4,018 4,004 4,277 3,469 3,572 2,790
Net Occupancy & Equipment Expense
4,830 3,948 3,559 2,775 - 2,690 2,433 - 1,877 1,622
Other Operating Expenses
927 895 782 168 2,797 179 239 2,384 167 194
Depreciation Expense
1,632 1,401 1,310 1,038 1,038 1,027 950 922 901 826
Impairment Charge
93 36 18 51 136 28 116 124 37 2.22
Other Special Charges
-26 -2.11 9.01 43 47 80 539 40 546 35
Income Tax Expense
2.70 6.36 7.25 8.71 9.97 2.96 8.67 20 -19 6.45
Other Gains / (Losses), net
451 14 -5.25 212 1,080 790 415 261 354 -22
Net Income / (Loss) Attributable to Noncontrolling Interest
21 18 19 38 60 98 25 18 4.27 4.80
Basic Earnings per Share
$1.58 $0.66 $0.31 $0.79 $2.36 $3.07 $2.03 $1.26 $2.83 $2.35
Weighted Average Basic Shares Outstanding
602.98M 515.63M 462.19M 424.98M 415.45M 401.85M 373.62M 367.24M 358.28M 348.24M
Diluted Earnings per Share
$1.57 $0.66 $0.30 $0.78 $2.33 $3.05 $2.02 $1.26 $2.81 $2.34
Weighted Average Diluted Shares Outstanding
608.75M 518.70M 465.16M 426.84M 417.39M 403.81M 375.25M 369.00M 360.23M 349.42M
Weighted Average Basic & Diluted Shares Outstanding
641.31M 568.88M 490.64M 447.28M 417.38M 410.33M 373.50M 367.90M 357.70M 348.20M
Cash Dividends to Common per Share
$2.56 $2.44 $2.44 $2.44 $2.70 $3.48 $3.48 $3.48 $3.44 $3.30

Quarterly Income Statements for Welltower

This table shows Welltower's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
258 120 450 255 127 84 127 103 26 -3.73 -6.77
Consolidated Net Income / (Loss)
257 124 457 261 132 88 135 106 29 1.80 -2.65
Net Income / (Loss) Continuing Operations
257 124 457 261 132 88 135 106 29 1.80 -2.65
Total Pre-Tax Income
199 109 184 90 141 87 72 152 38 6.78 6.24
Total Revenue
2,423 2,671 1,917 1,691 1,712 400 3,165 1,513 1,561 1,908 1,334
Net Interest Income / (Expense)
62 491 -70 -70 -95 360 -114 -114 36 540 -140
Total Interest Income
62 71 69 63 53 51 42 39 36 151 0.00
Loans and Leases Interest Income
62 71 69 63 53 51 42 39 36 - -
Total Interest Expense
0.00 -420 139 133 147 -309 157 152 0.00 -389 140
Total Non-Interest Income
2,361 2,180 1,987 1,761 1,807 40 3,279 1,627 1,524 1,368 1,474
Other Service Charges
35 32 45 32 29 32 35 84 8.58 - -
Other Non-Interest Income
2,326 -2,367 430 1,729 1,778 -2,458 3,246 383 384 -2,890 1,474
Provision for Credit Losses
-2.01 -0.25 4.19 5.16 1.01 2.52 4.06 2.46 0.78 10 0.49
Total Non-Interest Expense
2,226 2,553 1,729 1,602 1,574 382 3,016 1,358 1,522 1,898 1,321
Other Operating Expenses
1,685 -2,764 1,311 1,216 1,164 -2,855 2,669 1,014 67 -2,024 962
Depreciation Expense
486 480 404 382 366 381 339 342 339 342 354
Impairment Charge
52 24 23 2.39 43 15 7.39 1.09 13 13 4.36
Other Special Charges
2.95 -18 -9.49 1.71 0.01 - - 1.28 145 8.42 0.00
Income Tax Expense
-5.52 0.11 -4.71 1.10 6.19 -4.77 4.58 3.50 3.05 -4.09 3.26
Other Gains / (Losses), net
53 287 -4.04 171 -3.08 67 -4.03 -43 -6.32 -9.07 -5.63
Net Income / (Loss) Attributable to Noncontrolling Interest
-0.69 3.78 6.95 5.96 4.49 4.53 7.25 3.30 2.96 5.53 4.11
Basic Earnings per Share
$0.40 $0.20 $0.74 $0.42 $0.22 ($0.10) $0.50 $0.21 $0.05 ($0.02) ($0.01)
Weighted Average Basic Shares Outstanding
643.39M 602.98M 611.29M 600.55M 574.05M 515.63M 521.85M 499.02M 492.06M 462.19M 463.37M
Diluted Earnings per Share
$0.40 $0.20 $0.73 $0.42 $0.22 ($0.09) $0.50 $0.20 $0.05 ($0.03) ($0.01)
Weighted Average Diluted Shares Outstanding
653.80M 608.75M 618.31M 604.56M 577.53M 518.70M 525.14M 501.97M 494.49M 465.16M 463.37M
Weighted Average Basic & Diluted Shares Outstanding
653.95M 641.31M 622.69M 609.15M 597.92M 568.88M 535.97M 518.73M 497.03M 490.64M 472.52M
Cash Dividends to Common per Share
$0.67 - $0.67 $0.61 $0.61 - $0.61 $0.61 $0.61 - $0.61

Annual Cash Flow Statements for Welltower

This table details how cash moves in and out of Welltower's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
1,635 1,354 376 -1,674 1,635 70 6.83 -298 185 -131
Net Cash From Operating Activities
2,256 1,602 1,329 1,275 1,365 1,536 1,584 1,434 1,639 1,383
Net Cash From Continuing Operating Activities
2,256 1,602 1,329 1,275 1,365 1,536 1,584 1,434 1,639 1,383
Net Income / (Loss) Continuing Operations
973 358 161 374 1,039 1,330 830 541 1,082 889
Consolidated Net Income / (Loss)
973 358 161 374 1,039 1,330 830 541 1,082 889
Provision For Loan Losses
10 9.81 10 7.27 94 19 - 63 10 0.00
Depreciation Expense
1,632 1,401 1,310 1,038 1,038 1,027 950 938 901 826
Amortization Expense
48 42 27 16 11 16 20 0.36 9.14 9.01
Non-Cash Adjustments to Reconcile Net Income
-364 -133 -39 -115 -786 -764 -292 -158 -360 -333
Changes in Operating Assets and Liabilities, net
-42 -76 -141 -45 -32 -92 77 50 -3.74 -8.49
Net Cash From Investing Activities
-5,515 -5,708 -3,704 -4,516 2,348 -2,049 -2,386 155 -183 -3,502
Net Cash From Continuing Investing Activities
-5,515 -5,708 -3,704 -4,516 2,348 -2,049 -2,386 155 -183 -3,502
Purchase of Property, Leasehold Improvements and Equipment
-1,685 -1,533 -1,108 -701 -446 -652 -427 -483 -622 -432
Purchase of Investment Securities
-4,475 -4,493 -3,063 -5,504 -1,555 -4,376 -3,742 -1,065 -2,372 -4,148
Sale of Property, Leasehold Improvements and Equipment
337 97 199 1,070 4,300 2,651 1,542 1,378 2,350 824
Sale and/or Maturity of Investments
367 271 298 638 66 344 360 338 478 263
Other Investing Activities, net
-58 -51 -30 -19 -17 -15 -120 -13 -17 -8.67
Net Cash From Financing Activities
4,905 5,449 2,761 1,568 -2,081 577 818 -1,914 -1,251 1,997
Net Cash From Continuing Financing Activities
4,905 5,449 2,761 1,568 -2,081 577 818 -1,914 -1,251 1,997
Issuance of Debt
1,213 1,397 1,153 2,052 1,651 4,759 3,298 323 964 1,680
Issuance of Common Equity
7,416 6,010 3,668 2,348 595 1,056 790 622 534 1,756
Repayment of Debt
-1,848 -742 -782 -1,731 -2,849 -3,620 -1,820 -1,149 -1,430 -297
Payment of Dividends
-1,545 -1,261 -1,132 -1,036 -1,119 -1,401 -1,459 -1,326 -1,299 -1,210
Other Financing Activities, Net
-330 44 -146 -65 -351 -217 9.52 -96 -20 69
Effect of Exchange Rate Changes
-12 11 -11 -1.01 3.45 5.31 -9.02 27 -20 -8.58
Cash Interest Paid
593 629 532 493 508 575 501 488 542 493
Cash Income Taxes Paid
8.42 7.68 3.44 -4.81 14 14 2.25 10 8.01 12

Quarterly Cash Flow Statements for Welltower

This table details how cash moves in and out of Welltower's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-101 -73 921 385 402 -611 388 1,660 -83 297 -17
Net Cash From Operating Activities
599 559 685 605 407 371 439 416 376 253 356
Net Cash From Continuing Operating Activities
599 559 685 605 407 371 439 416 376 253 356
Net Income / (Loss) Continuing Operations
257 124 457 261 132 88 135 106 29 1.80 -2.65
Consolidated Net Income / (Loss)
257 124 457 261 132 88 135 106 29 1.80 -2.65
Provision For Loan Losses
-2.01 -0.25 4.19 5.16 1.01 2.52 4.06 2.46 0.78 10 0.49
Depreciation Expense
486 480 404 382 366 381 339 342 339 342 354
Amortization Expense
14 4.21 15 15 13 12 11 10 9.71 7.10 8.81
Non-Cash Adjustments to Reconcile Net Income
-20 36 -257 -110 -33 -17 -70 -42 -4.07 3.76 -6.18
Changes in Operating Assets and Liabilities, net
-136 -85 62 53 -72 -96 20 -2.82 1.89 -112 1.82
Net Cash From Investing Activities
-2,028 -2,205 -1,449 -1,279 -581 -3,144 -1,237 -393 -933 -419 -1,199
Net Cash From Continuing Investing Activities
-2,028 -2,205 -1,449 -1,279 -581 -3,144 -1,237 -393 -933 -419 -1,199
Purchase of Property, Leasehold Improvements and Equipment
-367 -514 -415 -392 -364 -468 -386 -362 -318 -328 -293
Purchase of Investment Securities
-2,118 -1,934 -1,170 -1,076 -295 -2,728 -962 -152 -651 -183 -982
Sale of Property, Leasehold Improvements and Equipment
318 191 16 85 45 13 82 -20 22 75 21
Sale and/or Maturity of Investments
151 66 135 119 47 53 43 151 24 27 64
Other Investing Activities, net
-12 -14 -16 -14 -14 -15 -14 -12 -10 -9.76 -8.86
Net Cash From Financing Activities
1,308 1,590 1,678 1,059 579 2,138 1,209 1,632 470 457 831
Net Cash From Continuing Financing Activities
1,308 1,590 1,678 1,059 579 2,138 1,209 1,632 470 457 831
Issuance of Debt
0.00 194 1,016 1.49 1.38 3.75 8.26 1,022 363 -306 380
Issuance of Common Equity
1,992 2,153 1,242 1,604 2,416 2,745 1,931 923 411 1,483 827
Repayment of Debt
-134 -142 -122 -101 -1,483 -303 -338 -62 -40 -462 -94
Payment of Dividends
-432 -418 -409 -366 -352 -338 -319 -303 -300 -298 -283
Other Financing Activities, Net
-118 -198 -49 -79 -4.28 30 -74 52 36 41 0.03
Effect of Exchange Rate Changes
20 -17 7.70 -0.46 -2.19 26 -23 5.57 2.81 5.98 -4.43
Cash Interest Paid
129 202 110 131 149 206 148 126 148 167 157
Cash Income Taxes Paid
11 0.03 -0.74 5.87 3.26 3.59 2.94 0.83 0.33 -3.29 1.26

Annual Balance Sheets for Welltower

This table presents Welltower's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
51,044 44,012 37,893 34,910 32,484 33,381 30,342 27,944 28,865 29,024
Cash and Due from Banks
3,507 1,994 632 269 1,545 285 215 244 419 361
Restricted Cash
205 82 91 77 476 101 101 66 188 62
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 427 616 819
Premises and Equipment, Net
38,073 34,524 30,980 28,772 26,066 28,695 26,509 23,507 23,500 24,549
Intangible Assets
2,549 2,166 1,945 1,790 1,500 1,617 1,581 1,502 1,403 1,351
Other Assets
6,711 5,246 4,178 3,934 2,200 2,614 1,867 2,130 1,845 1,108
Total Liabilities & Shareholders' Equity
51,044 44,012 37,893 34,910 32,484 33,381 30,342 27,944 28,865 29,024
Total Liabilities
18,472 17,640 16,499 15,912 15,259 16,398 14,331 12,644 13,185 13,665
Short-Term Debt
0.00 0.00 0.00 325 0.00 1,588 1,147 719 645 835
Long-Term Debt
15,500 15,736 14,548 13,806 13,799 13,327 12,079 10,941 11,639 12,057
Other Long-Term Liabilities
2,971 1,905 1,951 1,781 1,460 1,483 1,105 912 827 697
Redeemable Noncontrolling Interest
256 291 384 401 343 476 424 375 398 183
Total Equity & Noncontrolling Interests
32,316 26,081 21,010 18,597 16,882 16,507 15,587 14,925 15,281 15,176
Total Preferred & Common Equity
31,956 25,404 20,295 17,636 15,973 15,540 14,632 14,423 14,806 14,591
Total Common Equity
31,956 25,404 20,295 17,636 15,973 15,540 13,914 13,705 13,800 13,584
Common Stock
40,654 33,308 27,235 23,582 21,242 20,601 18,809 18,035 17,363 16,833
Retained Earnings
-8,223 -7,629 -6,709 -5,717 -5,016 -4,870 -4,697 -4,155 -3,341 -3,120
Treasury Stock
-114 -112 -111 -108 -104 -79 -68 -65 -55 -44
Accumulated Other Comprehensive Income / (Loss)
-360 -163 -120 -121 -149 -112 -130 -111 -170 -88
Noncontrolling Interest
360 677 715 961 909 966 954 502 475 585

Quarterly Balance Sheets for Welltower

This table presents Welltower's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
53,294 51,044 48,954 45,534 44,554 44,012 41,655 40,064 38,494 37,893 37,414
Cash and Due from Banks
3,502 3,507 3,565 2,777 2,388 1,994 2,582 2,204 572 632 343
Restricted Cash
108 205 219 87 90 82 105 95 67 91 82
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
40,299 38,073 36,821 35,027 34,401 34,524 31,853 30,899 31,190 30,980 30,500
Intangible Assets
2,688 2,549 2,269 2,192 2,159 2,166 1,962 1,950 1,991 1,945 1,921
Other Assets
6,696 6,711 5,542 5,383 5,447 5,246 5,085 4,847 4,606 4,178 4,500
Total Liabilities & Shareholders' Equity
53,294 51,044 48,954 45,534 44,554 44,012 41,655 40,064 38,494 37,893 37,414
Total Liabilities
18,712 18,472 17,890 15,845 16,006 17,640 17,836 17,871 16,898 16,499 16,957
Short-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 655
Long-Term Debt
15,724 15,500 15,764 13,936 14,205 15,736 15,834 15,991 14,961 14,548 14,446
Other Long-Term Liabilities
2,988 2,971 2,126 1,910 1,801 1,905 2,002 1,880 1,937 1,951 1,856
Redeemable Noncontrolling Interest
277 256 270 262 301 291 245 369 392 384 401
Total Equity & Noncontrolling Interests
34,305 32,316 30,794 29,426 28,247 26,081 23,574 21,824 21,204 21,010 20,057
Total Preferred & Common Equity
33,957 31,956 30,334 28,976 27,548 25,404 22,954 21,204 20,448 20,295 19,169
Total Common Equity
33,957 31,956 30,334 28,976 27,548 25,404 22,954 21,204 20,448 20,295 19,169
Common Stock
42,683 40,654 38,569 37,303 35,698 33,308 30,590 28,595 27,658 27,235 25,763
Retained Earnings
-8,396 -8,223 -7,925 -7,966 -7,854 -7,629 -7,374 -7,183 -6,985 -6,709 -6,407
Treasury Stock
-20 -114 -115 -115 -115 -112 -112 -112 -113 -111 -112
Accumulated Other Comprehensive Income / (Loss)
-310 -360 -195 -246 -181 -163 -149 -96 -112 -120 -75
Noncontrolling Interest
348 360 460 450 699 677 620 619 756 715 887

Annual Metrics And Ratios for Welltower

This table displays calculated financial ratios and metrics derived from Welltower's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
20.38% 13.26% 37.82% 3.93% -10.39% -2.87% 22.66% -10.49% 27.13% 17.65%
EBITDA Growth
22.91% 18.76% 23.37% 18.91% -35.11% 13.82% 12.55% -23.55% 14.63% 14.45%
EBIT Growth
49.82% 102.27% 1.35% 932.81% -103.78% 28.19% 41.34% -57.76% 22.77% 50.94%
NOPAT Growth
51.81% 107.27% 2.33% 1,229.01% -102.66% 30.16% 48.42% -61.63% 27.38% 48.92%
Net Income Growth
171.64% 123.05% -57.12% -63.95% -21.91% 60.34% 53.48% -50.04% 21.78% 73.44%
EPS Growth
137.88% 120.00% -61.54% -66.52% -23.61% 50.99% 60.32% -55.16% 20.09% 61.38%
Operating Cash Flow Growth
40.86% 20.56% 4.19% -6.55% -11.15% -3.03% 10.44% -12.50% 18.55% 21.42%
Free Cash Flow Firm Growth
6.49% -119.89% -36.25% -326.08% 140.53% -18.48% -239.27% 26.37% 129.74% -126.60%
Invested Capital Growth
14.17% 17.15% 8.49% 6.79% -2.74% 9.10% 8.16% -3.59% -1.02% 16.40%
Revenue Q/Q Growth
56.32% -12.85% 16.80% 4.65% -19.74% 16.34% -15.45% 19.60% 15.45% 4.73%
EBITDA Q/Q Growth
9.72% 3.43% -0.47% 4.02% -17.07% 6.52% 6.79% -13.22% 1.27% 3.33%
EBIT Q/Q Growth
24.41% 4.95% -28.29% 3.00% -111.95% 17.24% 24.51% -40.08% 2.04% 3.11%
NOPAT Q/Q Growth
3.35% 31.02% -25.19% 149.68% -108.99% 19.49% 68.93% -46.24% 4.67% -8.43%
Net Income Q/Q Growth
3.77% 31.91% -28.63% -19.22% -7.55% 9.50% 34.85% -44.92% 22.91% -6.03%
EPS Q/Q Growth
22.66% -8.33% -34.78% -25.00% -6.43% 10.11% 40.28% -49.40% 24.34% -8.95%
Operating Cash Flow Q/Q Growth
9.13% 7.89% -2.20% 2.26% -4.94% -2.95% 6.82% -5.73% 0.78% 4.68%
Free Cash Flow Firm Q/Q Growth
18.38% -51.92% 24.26% -175.90% 262.44% -179.86% -0.80% -47.67% 162.65% -44.60%
Invested Capital Q/Q Growth
2.66% 6.19% 1.08% 4.04% -0.16% 4.98% 0.22% -0.44% -3.61% 5.82%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
27.58% 27.02% 25.76% 28.78% 25.16% 34.74% 29.65% 32.31% 37.83% 41.96%
EBIT Margin
6.56% 5.27% 2.95% 4.02% -0.50% 11.89% 9.01% 7.82% 16.57% 17.15%
Profit (Net Income) Margin
12.17% 5.40% 2.74% 8.81% 25.39% 29.14% 17.65% 14.11% 25.28% 26.38%
Tax Burden Percent
185.50% 102.31% 92.78% 219.31% -3,292.51% 245.06% 195.93% 180.44% 152.56% 139.68%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 153.89% 100.00% 100.00% 100.00% 100.00% 110.11%
Effective Tax Rate
0.51% 1.82% 4.19% 5.10% 0.00% 0.54% 2.05% 6.72% -2.70% 1.01%
Return on Invested Capital (ROIC)
1.16% 0.88% 0.48% 0.51% -0.05% 1.77% 1.47% 1.02% 2.58% 2.17%
ROIC Less NNEP Spread (ROIC-NNEP)
4.05% 0.98% 0.44% 2.03% 7.29% 7.38% 4.80% 3.18% 5.38% 4.84%
Return on Net Nonoperating Assets (RNNOA)
2.14% 0.62% 0.31% 1.56% 6.12% 6.30% 3.83% 2.48% 4.39% 3.97%
Return on Equity (ROE)
3.30% 1.50% 0.80% 2.07% 6.07% 8.06% 5.30% 3.49% 6.97% 6.15%
Cash Return on Invested Capital (CROIC)
-12.07% -14.92% -7.67% -6.06% 2.73% -6.94% -6.36% 4.67% 3.61% -12.98%
Operating Return on Assets (OROA)
1.10% 0.85% 0.48% 0.51% -0.06% 1.70% 1.45% 1.05% 2.45% 2.14%
Return on Assets (ROA)
2.05% 0.87% 0.44% 1.11% 3.15% 4.18% 2.85% 1.90% 3.74% 3.29%
Return on Common Equity (ROCE)
3.21% 1.43% 0.75% 1.92% 5.60% 7.20% 4.67% 3.10% 6.15% 5.47%
Return on Equity Simple (ROE_SIMPLE)
3.04% 1.41% 0.79% 2.12% 6.50% 8.56% 5.67% 3.75% 7.31% 6.09%
Net Operating Profit after Tax (NOPAT)
522 344 166 162 -14 540 415 279 728 572
NOPAT Margin
6.53% 5.18% 2.83% 3.81% -0.35% 11.83% 8.82% 7.29% 17.01% 16.98%
Net Nonoperating Expense Percent (NNEP)
-2.89% -0.10% 0.04% -1.52% -7.34% -5.62% -3.33% -2.17% -2.79% -2.67%
SG&A Expenses to Revenue
60.44% 59.47% 60.72% 65.25% 0.00% 58.92% 51.76% 0.00% 43.84% 48.17%
Operating Expenses to Revenue
93.31% 94.58% 96.87% 95.81% 98.19% 87.70% 90.99% 90.54% 83.43% 82.85%
Earnings before Interest and Taxes (EBIT)
524 350 173 171 -21 543 423 300 709 578
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,204 1,793 1,510 1,224 1,029 1,586 1,394 1,238 1,620 1,413
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.46 1.86 1.45 1.96 1.51 1.82 1.53 1.33 1.29 1.24
Price to Tangible Book Value (P/TBV)
2.67 2.03 1.61 2.19 1.68 2.05 1.74 1.50 1.44 1.38
Price to Revenue (P/Rev)
9.82 7.11 5.01 8.11 5.90 6.21 4.54 4.76 4.16 4.99
Price to Earnings (P/E)
82.46 138.83 207.89 102.57 24.65 22.99 28.12 39.32 17.59 20.54
Dividend Yield
2.03% 2.77% 3.93% 3.08% 4.67% 4.98% 6.13% 7.07% 7.00% 6.95%
Earnings Yield
1.21% 0.72% 0.48% 0.97% 4.06% 4.35% 3.56% 2.54% 5.69% 4.87%
Enterprise Value to Invested Capital (EV/IC)
1.89 1.47 1.23 1.50 1.20 1.39 1.24 1.16 1.12 1.10
Enterprise Value to Revenue (EV/Rev)
11.37 9.32 7.56 11.67 9.08 9.70 7.73 8.15 7.34 9.24
Enterprise Value to EBITDA (EV/EBITDA)
41.23 34.49 29.33 40.55 36.10 27.93 26.07 25.24 19.41 22.03
Enterprise Value to EBIT (EV/EBIT)
173.29 176.66 255.87 290.63 0.00 81.61 85.78 104.29 44.32 53.89
Enterprise Value to NOPAT (EV/NOPAT)
174.19 179.94 267.06 306.25 0.00 82.06 87.57 111.80 43.16 54.44
Enterprise Value to Operating Cash Flow (EV/OCF)
40.28 38.61 33.33 38.91 27.23 28.85 22.93 21.79 19.18 22.52
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 43.24 0.00 0.00 24.32 30.91 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.48 0.60 0.68 0.74 0.80 0.88 0.83 0.77 0.79 0.84
Long-Term Debt to Equity
0.48 0.60 0.68 0.73 0.80 0.78 0.75 0.72 0.75 0.79
Financial Leverage
0.53 0.63 0.71 0.77 0.84 0.85 0.80 0.78 0.82 0.82
Leverage Ratio
1.61 1.71 1.80 1.86 1.93 1.93 1.86 1.83 1.87 1.87
Compound Leverage Factor
1.61 1.71 1.80 1.86 2.96 1.93 1.86 1.83 1.87 2.06
Debt to Total Capital
32.24% 37.37% 40.48% 42.65% 44.48% 46.76% 45.24% 43.40% 44.08% 45.78%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.98% 0.00% 4.98% 3.92% 2.66% 2.30% 2.95%
Long-Term Debt to Total Capital
32.24% 37.37% 40.48% 41.67% 44.48% 41.78% 41.32% 40.74% 41.78% 42.83%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.46% 2.66% 3.59% 3.55%
Noncontrolling Interests to Total Capital
1.28% 2.30% 3.06% 4.11% 4.04% 4.52% 4.71% 3.25% 3.12% 2.71%
Common Equity to Total Capital
66.47% 60.33% 56.47% 53.23% 51.49% 48.72% 47.59% 50.70% 49.22% 47.96%
Debt to EBITDA
7.03 8.77 9.63 11.55 13.41 9.40 9.49 9.47 7.63 9.18
Net Debt to EBITDA
5.35 7.62 9.16 11.26 11.44 9.16 9.26 9.23 7.26 8.88
Long-Term Debt to EBITDA
7.03 8.77 9.63 11.28 13.41 8.40 8.67 8.89 7.23 8.59
Debt to NOPAT
29.71 45.79 87.74 87.21 -961.44 27.62 31.89 41.98 16.97 22.68
Net Debt to NOPAT
22.60 39.74 83.38 85.07 -820.62 26.91 31.12 40.87 16.13 21.94
Long-Term Debt to NOPAT
29.71 45.79 87.74 85.20 -961.44 24.68 29.12 39.40 16.08 21.22
Noncontrolling Interest Sharing Ratio
2.69% 4.33% 6.09% 7.22% 7.88% 10.73% 11.79% 11.22% 11.77% 10.95%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-5,444 -5,822 -2,647 -1,943 859 -2,121 -1,790 1,285 1,017 -3,419
Operating Cash Flow to CapEx
167.28% 111.56% 146.29% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 -3.97 1.67 -3.82 0.00 2.65 0.00 -6.95
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 2.60 2.65 2.76 0.00 2.96 0.00 2.81
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 3.36 10.15 6.36 0.00 4.81 0.00 3.61
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.17 0.16 0.16 0.13 0.12 0.14 0.16 0.13 0.15 0.12
Fixed Asset Turnover
0.22 0.20 0.20 0.16 0.15 0.17 0.19 0.16 0.18 0.07
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
48,073 42,107 35,942 33,129 31,024 31,898 29,237 27,033 28,038 28,327
Invested Capital Turnover
0.18 0.17 0.17 0.13 0.13 0.15 0.17 0.14 0.15 0.13
Increase / (Decrease) in Invested Capital
5,966 6,165 2,813 2,105 -874 2,660 2,205 -1,006 -289 3,991
Enterprise Value (EV)
90,883 61,841 44,282 49,624 37,161 44,307 36,326 31,247 31,435 31,130
Market Capitalization
78,478 47,214 29,357 34,478 24,131 28,336 21,319 18,228 17,804 16,810
Book Value per Share
$51.32 $47.40 $42.95 $40.52 $38.28 $38.30 $37.04 $37.00 $38.07 $38.39
Tangible Book Value per Share
$47.23 $43.36 $38.69 $36.25 $34.52 $34.14 $32.65 $32.76 $34.01 $34.38
Total Capital
48,073 42,107 35,942 33,129 31,024 31,898 29,237 27,033 28,038 28,327
Total Debt
15,500 15,736 14,548 14,131 13,799 14,915 13,226 11,732 12,358 12,968
Total Long-Term Debt
15,500 15,736 14,548 13,806 13,799 13,327 12,079 11,013 11,713 12,133
Net Debt
11,789 13,659 13,826 13,784 11,778 14,529 12,910 11,423 11,751 12,545
Capital Expenditures (CapEx)
1,349 1,436 908 -370 -3,854 -1,998 -1,115 -895 -1,728 -392
Net Nonoperating Expense (NNE)
-451 -14 5.25 -212 -1,053 -790 -415 -261 -354 -317
Net Nonoperating Obligations (NNO)
15,500 15,736 14,548 14,131 13,799 14,915 13,226 11,732 12,358 12,968
Total Depreciation and Amortization (D&A)
1,680 1,443 1,337 1,053 1,050 1,043 970 939 910 835
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.58 $0.66 $0.31 $0.79 $2.36 $3.07 $2.03 $1.26 $2.83 $2.35
Adjusted Weighted Average Basic Shares Outstanding
602.98M 515.63M 462.19M 424.98M 415.45M 401.85M 373.62M 367.24M 358.28M 348.24M
Adjusted Diluted Earnings per Share
$1.57 $0.66 $0.30 $0.78 $2.33 $3.05 $2.02 $1.26 $2.81 $2.34
Adjusted Weighted Average Diluted Shares Outstanding
608.75M 518.70M 465.16M 426.84M 417.39M 403.81M 375.25M 369.00M 360.23M 349.42M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
641.31M 568.88M 490.64M 447.28M 417.38M 410.33M 386.36M 371.67M 362.56M 355.14M
Normalized Net Operating Profit after Tax (NOPAT)
588 377 191 251 114 647 1,056 432 935 718
Normalized NOPAT Margin
7.36% 5.68% 3.26% 5.90% 2.77% 14.18% 22.46% 11.29% 21.84% 21.33%
Pre Tax Income Margin
6.56% 5.27% 2.95% 4.02% -0.77% 11.89% 9.01% 7.82% 16.57% 18.89%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.35 -0.04 0.98 0.00 0.62 0.00 1.17
NOPAT to Interest Expense
0.00 0.00 0.00 0.33 -0.03 0.97 0.00 0.58 0.00 1.16
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 1.10 7.45 4.57 0.00 2.47 0.00 1.97
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 1.09 7.46 4.57 0.00 2.42 0.00 1.96
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
158.84% 351.98% 704.70% 276.63% 107.74% 105.28% 175.80% 245.21% 120.04% 136.19%
Augmented Payout Ratio
158.84% 351.98% 704.70% 276.63% 108.47% 105.28% 175.80% 245.21% 120.04% 136.19%

Quarterly Metrics And Ratios for Welltower

This table displays calculated financial ratios and metrics derived from Welltower's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
30.29% 568.46% -39.44% 11.78% 9.72% -79.06% 137.20% 12.52% 22.51% 79.14% 7.61%
EBITDA Growth
34.33% 47.91% 21.91% -4.51% 33.60% 17.07% 31.64% 19.06% 6.70% -2.04% 3.60%
EBIT Growth
41.03% 675.69% 27.27% -44.46% 262.72% 1,277.73% 999.22% 41.16% -28.69% -101.93% -85.54%
NOPAT Growth
51.60% 18.32% 178.74% -43.85% 276.99% 748.41% 977.12% 41.90% -27.21% -83.70% -92.71%
Net Income Growth
95.44% 39.93% 239.07% 145.12% 359.70% 4,818.80% 5,178.10% 11.15% -56.45% -97.28% -101.39%
EPS Growth
81.82% 322.22% 46.00% 110.00% 340.00% -200.00% 5,100.00% 0.00% -64.29% -123.08% -102.38%
Operating Cash Flow Growth
47.23% 50.93% 56.01% 45.45% 8.18% 46.22% 23.33% 5.43% 15.88% -10.57% 0.82%
Free Cash Flow Firm Growth
-21.24% 3.57% -73.50% -71.30% -116.37% -116.71% -8.51% 23.70% -32.72% -37.48% -443.37%
Invested Capital Growth
17.67% 14.17% 18.09% 14.25% 16.95% 17.15% 11.51% 9.38% 8.42% 8.49% 11.67%
Revenue Q/Q Growth
-9.27% 39.34% 13.31% -1.22% 18.03% -87.38% 109.14% -3.05% 13.25% 42.99% -0.79%
EBITDA Q/Q Growth
15.86% -0.02% 25.16% -6.80% 7.73% -17.59% -1.96% 30.40% 11.13% -7.34% -11.33%
EBIT Q/Q Growth
68.22% -35.76% 117.32% -38.62% 57.61% -89.46% -5.17% 300.87% 3,039.21% -109.84% -87.82%
NOPAT Q/Q Growth
87.14% -42.13% 125.63% -36.58% 42.89% 36.33% -54.55% 325.76% 221.58% 73.08% -94.01%
Net Income Q/Q Growth
107.89% -72.91% 75.24% 98.03% 48.84% -34.35% 26.69% 271.37% 1,492.60% 167.77% -102.77%
EPS Q/Q Growth
100.00% -72.60% 73.81% 90.91% 29.41% -118.00% 150.00% 300.00% 266.67% -200.00% -105.00%
Operating Cash Flow Q/Q Growth
7.11% -18.36% 13.14% 48.82% 9.80% -15.61% 5.48% 10.69% 48.41% -28.82% -9.83%
Free Cash Flow Firm Q/Q Growth
-25.48% 16.17% -30.42% 11.67% 0.15% -50.82% -28.77% -11.57% -0.01% 24.48% 9.46%
Invested Capital Q/Q Growth
4.65% 2.66% 7.34% 2.04% 1.53% 6.19% 3.85% 4.45% 1.71% 1.08% 1.86%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
28.82% 22.57% 31.45% 28.48% 30.18% 102.00% 15.63% 33.34% 24.79% 18.25% 28.16%
EBIT Margin
8.20% 4.42% 9.59% 5.00% 8.05% 3.81% 4.57% 10.07% 2.44% -0.07% 0.99%
Profit (Net Income) Margin
10.62% 4.63% 23.83% 15.41% 7.69% 22.14% 4.26% 7.03% 1.83% 0.09% -0.20%
Tax Burden Percent
129.47% 113.28% 248.44% 288.25% 93.42% 101.12% 186.51% 69.80% 75.35% 26.51% -42.53%
Interest Burden Percent
100.00% 92.48% 100.00% 106.88% 102.22% 574.36% 50.00% 100.00% 100.00% -524.59% 47.46%
Effective Tax Rate
-2.78% 0.10% -2.56% 1.22% 4.39% -5.45% 6.35% 2.30% 8.01% -60.27% 52.21%
Return on Invested Capital (ROIC)
1.55% 0.72% 1.16% 0.77% 1.20% 3.93% 0.43% 1.56% 0.36% 0.10% 0.07%
ROIC Less NNEP Spread (ROIC-NNEP)
1.90% 0.82% 2.86% 1.95% 1.20% 3.90% 0.87% 1.28% 0.32% 0.03% 0.01%
Return on Net Nonoperating Assets (RNNOA)
0.90% 0.43% 1.65% 1.13% 0.70% 2.47% 0.61% 0.95% 0.23% 0.02% 0.01%
Return on Equity (ROE)
2.45% 1.16% 2.81% 1.89% 1.90% 6.40% 1.04% 2.50% 0.59% 0.12% 0.08%
Cash Return on Invested Capital (CROIC)
-14.96% -12.07% -15.43% -12.36% -14.51% -14.92% -10.19% -8.42% -7.63% -7.67% -10.37%
Operating Return on Assets (OROA)
1.43% 0.74% 1.08% 0.74% 1.20% 0.62% 0.88% 1.52% 0.37% -0.01% 0.14%
Return on Assets (ROA)
1.86% 0.78% 2.69% 2.29% 1.14% 3.59% 0.82% 1.06% 0.28% 0.02% -0.03%
Return on Common Equity (ROCE)
2.39% 1.13% 2.73% 1.83% 1.82% 6.12% 0.99% 2.37% 0.55% 0.11% 0.07%
Return on Equity Simple (ROE_SIMPLE)
3.24% 0.00% 3.09% 2.12% 1.67% 0.00% 1.18% 0.63% 0.60% 0.00% 1.17%
Net Operating Profit after Tax (NOPAT)
204 109 189 84 132 92 68 149 35 11 6.28
NOPAT Margin
8.43% 4.09% 9.84% 4.94% 7.70% 23.09% 2.14% 9.84% 2.24% 0.57% 0.47%
Net Nonoperating Expense Percent (NNEP)
-0.35% -0.09% -1.70% -1.18% 0.00% 0.03% -0.43% 0.27% 0.04% 0.06% 0.06%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 61.37% 0.00% 0.00%
Operating Expenses to Revenue
91.88% 95.59% 90.19% 94.69% 91.89% 95.56% 95.31% 89.77% 97.52% 99.52% 98.98%
Earnings before Interest and Taxes (EBIT)
199 118 184 85 138 15 144 152 38 -1.29 13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
698 603 603 482 517 408 495 504 387 348 376
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.89 2.46 2.57 2.14 1.80 1.86 1.80 1.83 1.65 1.45 1.47
Price to Tangible Book Value (P/TBV)
3.14 2.67 2.79 2.32 1.95 2.03 1.98 2.03 1.84 1.61 1.64
Price to Revenue (P/Rev)
11.49 9.82 15.26 9.74 8.01 7.11 5.44 6.72 6.01 5.01 5.61
Price to Earnings (P/E)
90.77 82.46 85.18 104.47 112.08 138.83 164.09 329.13 321.81 207.89 138.17
Dividend Yield
1.71% 2.03% 1.95% 2.35% 2.64% 2.77% 3.82% 3.90% 3.54% 3.93% 4.02%
Earnings Yield
1.10% 1.21% 1.17% 0.96% 0.89% 0.72% 0.61% 0.30% 0.31% 0.48% 0.72%
Enterprise Value to Invested Capital (EV/IC)
2.21 1.89 1.94 1.69 1.46 1.47 1.40 1.40 1.35 1.23 1.24
Enterprise Value to Revenue (EV/Rev)
12.97 11.37 17.74 11.60 10.06 9.32 7.28 9.26 8.77 7.56 8.79
Enterprise Value to EBITDA (EV/EBITDA)
46.59 41.23 45.15 38.81 32.35 34.49 31.97 33.18 32.10 29.33 29.07
Enterprise Value to EBIT (EV/EBIT)
190.63 173.29 215.15 193.02 138.29 176.66 166.21 265.03 312.15 255.87 182.72
Enterprise Value to NOPAT (EV/NOPAT)
187.72 174.19 179.66 192.13 140.30 179.94 211.33 271.13 317.58 267.06 198.96
Enterprise Value to Operating Cash Flow (EV/OCF)
45.33 40.28 43.86 40.49 38.11 38.61 37.34 38.23 35.68 33.33 32.46
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.45 0.48 0.51 0.47 0.50 0.60 0.66 0.72 0.69 0.68 0.74
Long-Term Debt to Equity
0.45 0.48 0.51 0.47 0.50 0.60 0.66 0.72 0.69 0.68 0.71
Financial Leverage
0.47 0.53 0.58 0.58 0.58 0.63 0.70 0.74 0.72 0.71 0.74
Leverage Ratio
1.55 1.61 1.65 1.65 1.66 1.71 1.79 1.82 1.81 1.80 1.84
Compound Leverage Factor
1.55 1.49 1.65 1.76 1.69 9.85 0.89 1.82 1.81 -9.46 0.87
Debt to Total Capital
31.26% 32.24% 33.66% 31.94% 33.23% 37.37% 39.93% 41.88% 40.93% 40.48% 42.47%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.84%
Long-Term Debt to Total Capital
31.26% 32.24% 33.66% 31.94% 33.23% 37.37% 39.93% 41.88% 40.93% 40.48% 40.63%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
1.24% 1.28% 1.56% 1.63% 2.34% 2.30% 2.18% 2.59% 3.14% 3.06% 3.62%
Common Equity to Total Capital
67.50% 66.47% 64.78% 66.42% 64.44% 60.33% 57.89% 55.53% 55.93% 56.47% 53.91%
Debt to EBITDA
6.60 7.03 7.85 7.33 7.39 8.77 9.13 9.90 9.75 9.63 9.95
Net Debt to EBITDA
5.08 5.35 5.96 5.83 6.10 7.62 7.58 8.48 9.34 9.16 9.67
Long-Term Debt to EBITDA
6.60 7.03 7.85 7.33 7.39 8.77 9.13 9.90 9.75 9.63 9.52
Debt to NOPAT
26.59 29.71 31.22 36.30 32.03 45.79 60.36 80.91 96.48 87.74 68.13
Net Debt to NOPAT
20.49 22.60 23.73 28.84 26.45 39.74 50.12 69.27 92.36 83.38 66.21
Long-Term Debt to NOPAT
26.59 29.71 31.22 36.30 32.03 45.79 60.36 80.91 96.48 87.74 65.18
Noncontrolling Interest Sharing Ratio
2.57% 2.69% 2.90% 3.28% 4.28% 4.33% 4.86% 5.48% 5.96% 6.09% 6.72%
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-7,349 -5,856 -6,986 -5,357 -6,064 -6,073 -4,027 -3,127 -2,803 -2,802 -3,711
Operating Cash Flow to CapEx
1,225.51% 172.90% 171.87% 196.88% 127.35% 81.42% 144.58% 109.18% 127.09% 100.00% 130.75%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 -50.24 -40.15 -41.16 0.00 -25.72 -20.53 0.00 0.00 -26.57
Operating Cash Flow to Interest Expense
0.00 0.00 4.93 4.54 2.76 0.00 2.80 2.73 0.00 0.00 2.55
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 2.06 2.23 0.59 0.00 0.86 0.23 0.00 0.00 0.60
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.17 0.17 0.11 0.15 0.15 0.16 0.19 0.15 0.15 0.16 0.14
Fixed Asset Turnover
0.23 0.22 0.15 0.19 0.19 0.20 0.24 0.19 0.19 0.20 0.17
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
50,306 48,073 46,828 43,624 42,753 42,107 39,653 38,184 36,557 35,942 35,559
Invested Capital Turnover
0.18 0.18 0.12 0.16 0.16 0.17 0.20 0.16 0.16 0.17 0.15
Increase / (Decrease) in Invested Capital
7,553 5,966 7,175 5,440 6,196 6,165 4,094 3,276 2,838 2,813 3,717
Enterprise Value (EV)
110,994 90,883 90,698 73,761 62,216 61,841 55,436 53,589 49,249 44,282 44,098
Market Capitalization
98,255 78,478 77,989 61,977 49,489 47,214 41,424 38,909 33,778 29,357 28,134
Book Value per Share
$52.95 $51.32 $49.80 $48.46 $47.99 $47.40 $44.25 $42.66 $41.68 $42.95 $41.37
Tangible Book Value per Share
$48.76 $47.23 $45.96 $44.68 $44.11 $43.36 $40.34 $38.60 $37.48 $38.69 $37.08
Total Capital
50,306 48,073 46,828 43,624 42,753 42,107 39,653 38,184 36,557 35,942 35,559
Total Debt
15,724 15,500 15,764 13,936 14,205 15,736 15,834 15,991 14,961 14,548 15,101
Total Long-Term Debt
15,724 15,500 15,764 13,936 14,205 15,736 15,834 15,991 14,961 14,548 14,446
Net Debt
12,114 11,789 11,979 11,072 11,727 13,659 13,148 13,692 14,322 13,826 14,676
Capital Expenditures (CapEx)
49 323 399 308 319 455 304 381 296 253 272
Net Nonoperating Expense (NNE)
-53 -15 -268 -177 0.16 3.79 -67 43 6.32 9.07 8.93
Net Nonoperating Obligations (NNO)
15,724 15,500 15,764 13,936 14,205 15,736 15,834 15,991 14,961 14,548 15,101
Total Depreciation and Amortization (D&A)
500 485 419 397 379 392 350 352 349 349 363
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.40 $0.20 $0.74 $0.42 $0.22 ($0.10) $0.24 $0.21 $0.05 ($0.02) ($0.01)
Adjusted Weighted Average Basic Shares Outstanding
643.39M 602.98M 611.29M 600.55M 574.05M 515.63M 521.85M 499.02M 492.06M 462.19M 463.37M
Adjusted Diluted Earnings per Share
$0.40 $0.20 $0.73 $0.42 $0.22 ($0.09) $0.24 $0.20 $0.05 ($0.03) ($0.01)
Adjusted Weighted Average Diluted Shares Outstanding
653.80M 608.75M 618.31M 604.56M 577.53M 518.70M 525.14M 501.97M 494.49M 465.16M 463.37M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
653.95M 641.31M 622.69M 609.15M 597.92M 568.88M 535.97M 518.73M 497.03M 490.64M 472.52M
Normalized Net Operating Profit after Tax (NOPAT)
178 115 138 88 173 72 75 151 180 20 12
Normalized NOPAT Margin
7.34% 4.30% 7.22% 5.18% 10.12% 17.95% 2.36% 9.99% 11.55% 1.04% 0.92%
Pre Tax Income Margin
8.20% 4.09% 9.59% 5.35% 8.23% 21.89% 2.28% 10.07% 2.44% 0.36% 0.47%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 1.32 0.63 0.94 0.00 0.92 1.00 0.00 0.00 0.09
NOPAT to Interest Expense
0.00 0.00 1.36 0.63 0.89 0.00 0.43 0.98 0.00 0.00 0.05
EBIT Less CapEx to Interest Expense
0.00 0.00 -1.54 -1.67 -1.23 0.00 -1.02 -1.50 0.00 0.00 -1.86
NOPAT Less CapEx to Interest Expense
0.00 0.00 -1.51 -1.68 -1.27 0.00 -1.51 -1.53 0.00 0.00 -1.90
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
147.97% 158.84% 156.30% 223.45% 284.64% 351.98% 449.55% 883.73% 938.56% 704.70% 488.41%
Augmented Payout Ratio
147.97% 158.84% 156.30% 223.45% 284.64% 351.98% 449.55% 883.73% 938.56% 704.70% 488.41%

Frequently Asked Questions About Welltower's Financials

When does Welltower's financial year end?

According to the most recent income statement we have on file, Welltower's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Welltower's net income changed over the last 9 years?

Welltower's net income appears to be on a downward trend, with a most recent value of $972.86 million in 2024, rising from $888.55 million in 2015. The previous period was $358.14 million in 2023. See where experts think Welltower is headed by visiting Welltower's forecast page.

How has Welltower revenue changed over the last 9 years?

Over the last 9 years, Welltower's total revenue changed from $3.37 billion in 2015 to $7.99 billion in 2024, a change of 137.3%.

How much debt does Welltower have?

Welltower's total liabilities were at $18.47 billion at the end of 2024, a 4.7% increase from 2023, and a 35.2% increase since 2015.

How much cash does Welltower have?

In the past 9 years, Welltower's cash and equivalents has ranged from $215.38 million in 2018 to $3.51 billion in 2024, and is currently $3.51 billion as of their latest financial filing in 2024.

How has Welltower's book value per share changed over the last 9 years?

Over the last 9 years, Welltower's book value per share changed from 38.39 in 2015 to 51.32 in 2024, a change of 33.7%.



This page (NYSE:WELL) was last updated on 5/28/2025 by MarketBeat.com Staff
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