Welltower WELL
$245.01 −$0.42 (-0.17%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $245.01 0.00%
Open$242.28
Prev close$245.43
Day range$241.19 – $246.97
Volume2.46M
Market cap$179.74B
P/E (TTM)107.0
Dividend yield1.25%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$3.69B+40.5% YoY
Operating profit$672.82M+41.1% YoY
Net profit$414.82M+47.0% YoY
Diluted EPS$0.54+31.7% YoY
Free cash flow$990.33M+16.2% YoY
Operating cash flow$1.00B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin38.6%
Operating margin6.2%
Net margin12.2%
Return on equity3.8%
Return on assets2.5%
Return on invested capital3.6%
Current ratio2.28
Liabilities / assets32.4%
Cash & investments$2.27B
Total debt$21.16B
Net cash (debt)-$18.89B
Free cash flow / sales24.1%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $3.72B | $3.54B | $3.35B | $10.84B | $3.18B |
| Total Operating Revenue | $3.69B | $3.52B | $3.31B | $10.67B | $3.13B |
| Cost of Revenue | $2.25B | $2.15B | $2.06B | $6.49B | $1.93B |
| Gross Profit | $1.45B | $1.37B | $1.25B | $4.18B | $1.20B |
| Operating Expense | $774.19M | $807.43M | $691.86M | $3.82B | $2.14B |
| Selling and Admin Expenses | $67.17M | $67.49M | $67.47M | $1.75B | $1.56B |
| -General & Admin Expense | $67.17M | $67.49M | $67.47M | $1.75B | $1.56B |
| Depreciation & Amortization & Depletion | $706.79M | $737.76M | $622.75M | $2.08B | $594.15M |
| -Depreciation & Amortization | $706.79M | $737.76M | $622.75M | $2.08B | $594.15M |
| Asset Impairment Loss | $230,000.00 | $2.18M | $1.63M | -$9.42M | -$7.38M |
| Operating Profit | $672.82M | $564.44M | $558.42M | $355.17M | -$943.73M |
| Net Non-Operating Interest Income (Expense) | -$192.66M | -$181.91M | -$192.72M | -$651.96M | -$203.78M |
| Non-Operating Interest Expense | $192.66M | $181.91M | $192.72M | $651.96M | $203.78M |
| Other Income (Expense) | -$142.22M | -$62.10M | -$20.47M | -$183.24M | -$122.54M |
| Special Income (Charges) | -$40.27M | -$27.76M | -$5.55M | -$130.53M | -$49.01M |
| -Less:Other Special Charges | $6.82M | $1.98M | $727,000.00 | $9.25M | $3.09M |
| -Less:Write Off | $33.45M | $25.77M | $4.83M | $121.28M | $45.92M |
| Other Non-Operating Income (Expenses) | -$101.94M | -$34.34M | -$14.91M | -$30.30M | -$79.18M |
| Pretax Profit | $337.95M | $320.43M | $345.24M | -$480.03M | -$1.27B |
| Tax | $7.12M | -$61.98M | $11.63M | -$7.12M | -$4.99M |
| Earnings from Equity Interest Net of Tax | $83.99M | $80.57M | -$1.69M | $1.43B | $1.38B |
| Net Profit | $414.82M | $462.98M | $752.32M | $961.84M | $117.77M |
| Profit from Continuing Operations | $414.82M | $462.98M | $331.92M | $961.84M | $117.77M |
| Minority Interests | $18.24M | $17.97M | $23.65M | $24.99M | $21.33M |
| Net Income to Parent Company | $396.59M | $445.00M | $728.67M | $936.85M | $96.44M |
| Net Income to Common Stockholders | $396.59M | $445.00M | $728.67M | $936.85M | $96.44M |
| Basic EPS | $0.55 | $0.63 | $1.04 | $1.41 | $0.14 |
| Diluted EPS | $0.54 | $0.61 | $1.02 | $1.39 | $0.14 |
| Dividend Per Share | $0.85 | $0.74 | $0.74 | $2.82 | $0.74 |
| Net Income from Tax Loss Carry forward | – | – | $420.40M | – | – |
| Gain on Sale of Security | – | – | – | -$22.41M | $5.66M |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $73.71B | $69.88B | $67.22B | $67.30B | $67.30B |
| Total Current Assets | $8.49B | $7.86B | $10.00B | $9.91B | $9.91B |
| Cash and Cash Equivalents & Short-Term Investments | $2.27B | $1.97B | $4.70B | $5.03B | $5.03B |
| -Cash and Cash Equivalents | $2.27B | $1.97B | $4.70B | $5.03B | $5.03B |
| Receivables | $6.08B | $5.76B | $5.18B | $4.70B | $4.70B |
| -Accounts Receivable | $3.03B | $2.81B | $2.55B | $2.37B | $2.37B |
| -Loans Receivable | $3.05B | $2.95B | $2.57B | $1.83B | $1.83B |
| Restricted Cash | $141.10M | $132.00M | $115.52M | $175.86M | $175.86M |
| Total Non-Current Assets | $65.22B | $62.01B | $57.22B | $57.39B | $57.39B |
| Net PPE | $1.92B | $1.96B | $2.02B | $2.16B | $2.16B |
| -Gross PPE | $1.92B | $1.96B | $2.02B | $2.16B | $2.16B |
| Investments and Advances | $2.05B | $2.00B | $2.05B | $1.81B | $1.81B |
| -Long Term Equity Investment | $2.05B | $2.00B | $2.05B | $1.81B | $1.81B |
| Total Liabilities | $23.85B | $22.21B | $22.29B | $24.10B | $24.10B |
| Total Current Liabilities | $3.73B | $2.49B | $2.31B | $1.86B | $1.86B |
| Current Accrued Expenses | $2.68B | $2.49B | $2.31B | $790.79M | $790.79M |
| Short-Term Debt and Capital Lease Obligation | $1.04B | – | – | – | – |
| -Current Debt | $1.04B | – | – | – | – |
| Total Non-Current Liabilities | $20.12B | $19.72B | $19.98B | $22.24B | $22.24B |
| Long Term Debt and Capital Lease Obligation | $20.12B | $19.72B | $19.98B | $21.38B | $21.38B |
| -Long Term Debt | $18.15B | $17.73B | $17.93B | $19.20B | $19.20B |
| -Long Term Capital Lease Obligation | $1.97B | $1.99B | $2.05B | $2.18B | $2.18B |
| Total Equity | $49.86B | $47.66B | $44.93B | $43.20B | $43.20B |
| Stockholders' Equity | $48.58B | $46.41B | $43.79B | $42.13B | $42.13B |
| Capital Stock | $732.16M | $719.07M | $704.86M | $696.62M | $696.62M |
| -Common Stock | $732.16M | $719.07M | $704.86M | $696.62M | $696.62M |
| Additional Paid-In Capital | $57.55B | $55.18B | $52.41B | $50.90B | $50.90B |
| Retained Earnings | -$9.26B | -$9.04B | -$8.96B | -$9.16B | -$9.16B |
| Less: Treasury Stock | $26.64M | $25.96M | $22.85M | $14.41M | $14.41M |
| Gains/Losses Not Affecting Retained Earnings | -$415.44M | -$421.65M | -$342.47M | -$287.64M | -$287.64M |
| Minority Interests | $1.28B | $1.25B | $1.14B | $1.07B | $1.07B |
| -Other Receivables | – | – | $57.80M | $497.96M | $497.96M |
| Payables | – | – | – | $563.46M | $563.46M |
| -Accounts Payable | – | – | – | $297.07M | $297.07M |
| -Total Tax Payable | – | – | – | $266.39M | $266.39M |
| Current Deferred Liabilities | – | – | – | $501.43M | $501.43M |
| Derivative Product Liabilities | – | – | – | $416.21M | $416.21M |
| Other Non-Current Liabilities | – | – | – | $447.92M | $447.92M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.00B | $1.00B | $670.01M | $2.88B | $654.33M |
| Net cash flow from continuing operations | $1.00B | $1.00B | $670.01M | $2.88B | $654.33M |
| Net Income from Continuing Operations | $414.82M | $462.98M | $752.32M | $961.84M | $117.77M |
| Gain/Loss from Continuing Operations | -$77.17M | -$78.58M | -$417.99M | -$1.40B | -$1.39B |
| Depreciation & Depletion & Amortization | $716.70M | $748.63M | $632.21M | $2.14B | $606.88M |
| Other Non-Cash Items | -$97.24M | -$89.41M | -$75.98M | -$225.26M | -$77.31M |
| Change in Working Capital | -$22.68M | -$92.88M | -$248.91M | -$280.78M | -$157.84M |
| -Change in Receivables | -$115.75M | -$93.48M | -$56.57M | -$196.88M | -$53.00M |
| -Change in Payables and Accrued Expense | $93.07M | $606,000.00 | -$192.33M | -$83.91M | -$104.84M |
| Net cash flow from investing | -$3.79B | -$5.27B | -$807.19M | -$10.51B | -$5.46B |
| Net Cash Flow from Continuing Investing Activities | -$3.79B | -$5.27B | -$807.19M | -$10.51B | -$5.46B |
| Capital Expenditure | -$12.72M | -$8.85M | -$8.45M | -$33.80M | -$7.48M |
| Net Business Purchase and Sale | -$3.46B | -$5.35B | -$1.49B | -$14.41B | -$10.07B |
| Net Investment Purchase and Sale | $1.56M | $32.70M | -$51.39M | -$76.64M | $14.70M |
| Net Other Investing Changes | -$66.40M | -$403.50M | -$644.80M | -$468.99M | -$240.49M |
| Financing Cash Flow | $3.10B | $1.53B | -$199.54M | $9.00B | $3.03B |
| Net Cash Flow from Continuing Financing Activities | $3.10B | $1.53B | -$199.54M | $9.00B | $3.03B |
| Net Issuance Payments Of Debt | $692.03M | -$786.30M | -$1.18B | $2.61B | $1.89B |
| Net Common Stock Issuance | $3.05B | $2.91B | $1.54B | $8.90B | $2.06B |
| Cash Dividends Paid | -$614.50M | -$524.39M | -$520.50M | -$1.88B | -$509.62M |
| Net Other Financing Charges | -$25.69M | -$62.28M | -$39.63M | -$633.02M | -$412.62M |
| Ending Cash Balance | $2.42B | $2.10B | $4.82B | $5.21B | $5.21B |
| Net Change in Cash | $320.49M | -$2.73B | -$336.71M | $1.37B | -$1.77B |
| Beginning Cash Balance | $2.10B | $4.82B | $5.21B | $3.71B | $6.94B |
| Effect of Exchange Rate Changes | -$1.65M | $5.66M | -$53.53M | $129.39M | $37.20M |
| Free Cash Flow | $990.33M | $994.78M | $661.56M | $2.85B | $646.85M |
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