Welltower

Real Estate Health Care REITs Toledo, Ohio Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$10.8B
                    3y CAGR +22.7%
                    
                    P97
                    
                    +35.6%
                    
                    Net income
                    FY2025
                
$961.8M
                    Net margin +8.9%
                    
                    P28
                    
                    -1.1%
                    
                    Total assets
                    FY2025
                
$67.3B
                    ROA +1.4%
                    
                    P26
                    
                    +31.9%
                    
                    Operating cash flow
                    FY2025
                
$2.9B
                    FCF margin -115.5%
                    
                    P7
                    
                    +27.7%

18 yrs · FY2008–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

17 accounts · 5 years

Total assets $67.3B

Total liabilities $24.1B

Shareholders equity $42.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	7.5%	6.9%	4.5%	1.7%	0.8%
Real Estate	79.4%	79.7%	84.2%	86.9%	87.9%
Other Noncurrent Assets	13.1%	13.4%	11.3%	11.4%	11.3%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Long Term Debt	28.5%	30.4%	35.8%	38.4%	40.5%
Other Noncurrent Liabilities	7.3%	5.8%	4.3%	5.1%	5.1%
Total Liabilities	35.8%	36.2%	40.1%	43.5%	45.6%
Equity
Total Stockholders Equity	62.6%	62.6%	57.7%	53.6%	50.5%
Common Stock	1.0%	1.2%	1.3%	1.3%	1.3%
Additional Paid In Capital	75.6%	78.4%	74.4%	70.6%	66.3%
Retained Earnings	16.4%	19.8%	20.8%	23.2%	24.8%
Treasury Stock	0.0%	0.2%	0.3%	0.3%	0.3%
Accumulated Other Comprehensive Income	-0.4%	-0.7%	-0.4%	-0.3%	-0.3%
Other Equity	-30.0%	-35.9%	-38.1%	-40.9%	-41.2%
Noncontrolling Interest	1.2%	0.7%	1.5%	1.9%	2.8%
Temporary Equity and Other	0.4%	0.5%	0.7%	1.0%	1.1%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

9 accounts · 5 years

Revenue $10.8B

Operating income Not reported

Net income $961.8M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	16.1%	15.7%	15.1%	15.5%	13.6%
Expenses Depreciation and Amortization	3.1%	3.2%	3.2%	3.5%	3.0%
Expenses Selling,General and Administrative	2.6%	0.5%	0.4%	0.4%	0.4%
Income Tax Income Tax Expense	-0.0%	0.0%	0.0%	0.0%	0.0%
net Income Other Items Below Tax	-9.0%	-10.1%	-10.7%	-0.1%	0.5%
net Income net Income	1.4%	1.9%	0.8%	0.4%	1.1%
Earnings Per Share Basic Eps	0.0%	0.0%	—	—	—
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.0%	1.2%	1.2%	1.2%	1.2%

Cash Flow Statement

Operating, investing, and financing flows

15 accounts · 5 years

Operating cash flow $2.9B

Investing cash flow $-10.5B

Financing cash flow $9.0B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Cash From Operating Activities	4.3%	4.4%	3.6%	3.5%	3.7%
Operating Activities net Income	1.4%	1.9%	0.8%	0.4%	1.1%
Operating Activities Depreciation and Amortization	3.2%	3.3%	3.3%	3.5%	3.0%
Operating Activities Stock Based Compensation	2.3%	0.1%	0.1%	0.1%	0.1%
Operating Activities Other Non Cash Items	-2.6%	-0.9%	-0.5%	-0.5%	-0.5%
Investing Activities Capital Expenditures	-22.9%	-10.2%	-11.6%	-9.0%	-13.7%
Investing Activities Other Investing Activities	7.3%	-0.6%	-1.4%	-0.8%	0.8%
Investing Activities net Cash From Investing Activities	-15.6%	-10.8%	-13.0%	-9.8%	-12.9%
Financing Activities Proceeds From Debt	6.5%	2.4%	3.2%	3.0%	5.9%
Financing Activities Repayment of Debt	-2.6%	-3.6%	-1.7%	-2.1%	-5.0%
Financing Activities Dividends Paid	-3.7%	-3.6%	-3.4%	-3.7%	-3.4%
Financing Activities Other Financing Activities	13.2%	14.5%	14.2%	10.0%	6.9%
Financing Activities net Cash From Financing Activities	13.4%	9.6%	12.4%	7.3%	4.5%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	-0.0%	0.0%	-0.0%	-0.0%
Cash Reconciliation net Change In Cash	2.2%	3.2%	3.1%	1.0%	-4.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	—	—	—	—	—
Net margin	+8.9%	+12.2%	+5.4%	+2.7%	+7.9%
FCF margin	-115.5%	-37.0%	-52.6%	-35.6%	-74.0%
Growth
Revenue CAGR (3y)	+22.7%	+19.0%	+13.0%	+4.6%	+0.3%
Returns
ROE	+2.3%	+3.0%	+1.4%	+0.8%	+2.1%
ROA	+1.4%	+1.9%	+0.8%	+0.4%	+1.1%
ROIC	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	—	—	—	—	—
Leverage
D/E	0.57x	0.58x	0.69x	0.81x	0.90x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.16x	0.16x	0.15x	0.15x	0.14x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Welltower

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history