Welltower Inc. (WELL)

WELL Income Statement

Revenue, expenses, and profitability analysis

WELL Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	4.503B	1.250B	1.200B	1.051B	1.001B	926.197M	809.935M	798.355M	681.440M
Revenue	11.584B	3.306B	3.134B	2.628B	2.516B	2.389B	2.219B	2.011B	1.793B
Cost of Goods Sold	7.081B	2.055B	1.934B	1.577B	1.515B	1.462B	1.409B	1.213B	1.111B
Gross Profit Margin	37.8%	37.8%	38.3%	40.0%	39.8%	38.8%	36.5%	39.7%	38.0%
Total Operating Expenses	3.968B	691.858M	2.144B	574.024M	558.098M	547.620M	528.868M	485.873M	442.773M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	1.752B	67.474M	1.557B	63.124M	64.175M	63.758M	48.707M	77.901M	55.565M
Operating Income (EBIT)	535.015M	558.424M	-943.730M	476.989M	443.332M	378.577M	281.067M	312.482M	238.667M
Operating Margin	16.9%	16.9%	-30.1%	18.1%	17.6%	15.8%	12.7%	15.5%	13.3%
Income Before Tax (EBT)	1.467B	763.957M	112.782M	284.521M	305.671M	251.747M	123.867M	452.094M	261.771M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	699.708M	192.715M	203.784M	162.052M	141.157M	144.962M	154.469M	139.050M	133.424M
Other Income/Expense	931.916M	205.533M	1.057B	-192.468M	-137.661M	-126.830M	-157.200M	139.612M	23.104M
Net Income	1.408B	728.672M	96.441M	280.559M	301.888M	257.957M	119.971M	449.849M	254.714M
Income Tax Expense	10.036M	11.633M	-4.985M	2.335M	1.053M	-5.519M	114K	-4.706M	1.101M
Net Profit Margin	22.0%	22.0%	3.1%	10.7%	12.0%	10.8%	5.4%	22.4%	14.2%
EBITDA	2.637B	1.170B	-459.389M	978.824M	947.716M	843.307M	748.327M	741.906M	620.921M
EBITDA Margin	35.4%	35.4%	-14.7%	37.2%	37.7%	35.3%	33.7%	36.9%	34.6%
Depreciation & Amortization	2.271B	632.209M	606.878M	523.666M	508.346M	499.638M	484.615M	418.990M	397.065M
EPS Basic	2.05	1.04	0.14	0.41	0.46	0.40	0.19	0.74	0.42
EPS Diluted	2.01	1.02	0.14	0.40	0.45	0.40	0.19	0.73	0.42
Shares Outstanding	699.837M	699.837M	689.582M	672.407M	656.593M	643.393M	625.675M	611.290M	600.545M
Diluted Shares Outstanding	726.255M	726.255M	710.167M	685.399M	668.140M	653.795M	634.259M	618.306M	604.563M

WELL Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	4.179B	3.023B	2.530B	2.217B	1.935B	1.989B	2.410B	2.238B
Revenue	10.667B	7.854B	6.478B	5.776B	4.709B	4.587B	5.100B	4.671B
Cost of Goods Sold	6.488B	4.830B	3.948B	3.559B	2.775B	2.598B	2.690B	2.433B
Gross Profit Margin	39.2%	38.5%	39.1%	38.4%	41.1%	43.4%	47.3%	47.9%
Total Operating Expenses	3.824B	1.878B	1.590B	1.471B	1.172B	1.261B	1.172B	1.077B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	1.748B	235.491M	179.091M	150.390M	126.727M	128.394M	126.549M	126.383M
Operating Income (EBIT)	355.168M	1.146B	940.454M	746.220M	763.356M	727.448M	1.238B	1.161B
Operating Margin	3.3%	14.6%	14.5%	12.9%	16.2%	15.9%	24.3%	24.9%
Income Before Tax (EBT)	954.721M	975.557M	364.503M	167.815M	383.192M	1.049B	1.333B	838.424M
Interest Income	—	—	—	—	—	—	—	55.814M
Interest Expense	651.955M	574.261M	607.846M	529.519M	489.853M	514.388M	555.559M	526.592M
Other Income/Expense	599.553M	-170.141M	-575.951M	-578.405M	-380.164M	321.372M	95.316M	-322.805M
Net Income	936.845M	951.680M	340.094M	141.214M	336.138M	978.844M	1.232B	804.954M
Income Tax Expense	-7.116M	2.700M	6.364M	7.247M	8.713M	9.968M	2.957M	8.674M
Net Profit Margin	8.8%	12.1%	5.2%	2.4%	7.1%	21.3%	24.2%	17.2%
EBITDA	2.310B	2.778B	2.401B	2.039B	1.714B	1.533B	2.142B	1.920B
EBITDA Margin	21.7%	35.4%	37.1%	35.3%	36.4%	33.4%	42.0%	41.1%
Depreciation & Amortization	2.139B	1.680B	1.443B	1.337B	1.053B	1.050B	1.043B	970.067M
EPS Basic	1.41	1.58	0.66	0.31	0.79	2.36	3.07	2.03
EPS Diluted	1.39	1.57	0.66	0.30	0.78	2.33	3.05	2.02
Shares Outstanding	665.639M	602.975M	515.629M	462.185M	424.976M	415.451M	401.845M	373.620M
Diluted Shares Outstanding	679.521M	608.750M	518.701M	465.158M	426.841M	417.387M	403.808M	375.250M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Welltower Inc.

Welltower Inc. (NYSE:WELL), an S&P 500 company based in Toledo, Ohio, is a leader in reshaping healthcare infrastructure. This Real Estate Investment Trust (REIT) strategically collaborates with premier operators in seniors housing, post-acute care, and health systems. Their core mission is to finance the vital property assets required to expand innovative care delivery models, thereby enhancing overall public wellness and healthcare experiences. Welltower's portfolio encompasses a variety of properties, including seniors housing, post-acute communities, and outpatient medical facilities, all situated primarily within key, rapidly growing markets across the United States, Canada, and the United Kingdom.

Toledo, OH

685 employees

www.welltower.com

Real Estate / REIT - Healthcare Facilities

Sector: Real Estate
Industry: REIT - Healthcare Facilities
CEO: Shankh S. Mitra

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