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WELL · XBRL financial data

Welltower financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (WELL's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue1,750*1,8601,8252,0562,251*2,4232,5482,6863,181*3,3523,5453,716
Revenue from contracts with customers1,263*1,3601,3931,5121,762*1,8651,9712,0612,556*2,7812,9853,121
Cost of goods and services sold1,036*1,0971,1111,2131,409*1,4621,5151,5771,934*2,0552,1502,246
Selling, general and administrative44*53567849*6464631,557*676767
Interest expense155*147133139————————
Other income (expense)(36)*(14)(49)(20)————————
Income tax expense (benefit)(5)*61(5)0*(6)12(5)*12(62)7
Earnings per share, basic USD per share—0.220.420.74—0.400.460.42—1.040.630.55
Earnings per share, diluted USD per share—0.220.420.73—0.400.450.41—1.020.610.54
Weighted average shares, basic millions of shares549*574601611626*643657672690*700710724
Weighted average shares, diluted millions of shares552*578605618634*654668685710*726738755

Balance sheet

CSV

Fiscal quarters (WELL's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents1,9942,3882,7773,5653,5073,5024,4106,8075,0344,7041,9652,275
Goodwill68686868149200208206346343349336
Total assets44,01244,55445,53448,95451,04453,29455,83359,50567,30367,22169,87573,711
Total liabilities17,64016,00615,84517,89018,47218,71219,28720,19224,10022,29122,21223,847
Retained earnings9,1459,2729,5279,97710,09710,35510,65710,93711,03411,76212,20712,604
Total stockholders' equity25,40427,54828,97630,33431,95633,95735,90138,75742,12943,79446,41448,582
Total liabilities and equity44,01244,55445,53448,95451,04453,29455,83359,50567,30367,22169,87573,711
Common shares outstanding (cover page) millions of shares569598609623641654669686698706721734

Cash flows

CSV

Fiscal quarters (WELL's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Stock-based compensation8*1210*40*14*1815*16*1,508*1917*22*
Depreciation and amortization——————495510——738707
Net cash from operating activities371*407605*685*559*599770*858*654*6701,004*1,003*
Net cash from investing activities(3,144)*(581)(1,279)*(1,449)*(2,205)*(2,028)(1,399)*(1,630)*(5,455)*(807)(5,266)*(3,787)*
Proceeds from issuing common stock—2,4161,604*1,242*—1,9921,975*2,870*—1,5452,907*3,053*
Proceeds from issuing equity2,745*2,4161,604*1,242*2,153*2,2321,975*3,113*1,581*1,5452,907*3,053*
Dividends paid338*352366*409*418*432439*497*510*520524*615*
Net cash from financing activities2,138*5791,059*1,678*1,590*1,3081,418*3,240*3,033*(200)1,534*3,105*
Net change in cash(611)*402385*921*(73)*(101)913*2,417*(1,731)*(390)(2,722)*319*

Compare with peers

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
  • A cell reading “not reported” means the filings give no figure for that quarter alone.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingQuarter
Welltower2,2753,1211,003*733.6M 10-QSep 30, 2026
American Tower1,8722031,393*463.8M 10-QSep 30, 2026
Prologis2,2732,388not reported950.5M 10-QSep 30, 2026
Equinix2,3622,5711,243*99.0M 10-QSep 30, 2026
Blackstone Real Estate Income Trust1,4051,861740*3.5B 10-QJun 30, 2026
Digital Realty Trust8031,902not reported378.3M 10-QSep 30, 2026
Realty Income3691,622926*951.0M 10-QSep 30, 2026
Simon Property Group1,0191,7911,196*not reported 10-QJun 30, 2026
Crown Castle1,0421,008531*425.5M 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.