The Filings Report

Welltower Inc.

WELLNYSECIK 766704Real Estate / REITsfiscal year ends December71 quarters since 2009

Revenue, Q3 FY2026
$3.7B
+38.4% on Q3 FY2025
Net income
$397M
+41.4% on Q3 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$0.54
+31.7% on Q3 FY2025
Revenue, TTM
$13.8B
trailing four quarters
Net margin, TTM
12.1%
net income $1.7B
Free cash flow, TTM
—
Cash and equivalents
$2.3B
long-term debt $18.2B, Sep 30, 2026
Shares, 12-month change
+6.9%
734M shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$2.2B
1.3% of market value
Market value
$172.1B
at the close, buybacks

Latest quarter Q3 FY2026, filed October 27, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, Welltower Inc. reported revenue of $3.7B, +38.4% on Q3 FY2025, and net income of $397M (+41.4%). Diluted earnings per share were $0.54.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 27, 2026.

Revenue and net incomeRevenueNet income
−$1B$0$1B$2B$3B$4BQ4'22, Revenue: $1.5BQ4'22, Net income: −$4MQ4'22Q1'23, Revenue: $1.6BQ1'23, Net income: $26MQ1'23Q2'23, Revenue: $1.7BQ2'23, Net income: $103MQ2'23Q3'23, Revenue: $1.7BQ3'23, Net income: $127MQ3'23Q4'23, Revenue: $1.7BQ4'23, Net income: $84MQ4'23Q1'24, Revenue: $1.9BQ1'24, Net income: $127MQ1'24Q2'24, Revenue: $1.8BQ2'24, Net income: $255MQ2'24Q3'24, Revenue: $2.1BQ3'24, Net income: $450MQ3'24Q4'24, Revenue: $2.3BQ4'24, Net income: $120MQ4'24Q1'25, Revenue: $2.4BQ1'25, Net income: $258MQ1'25Q2'25, Revenue: $2.5BQ2'25, Net income: $302MQ2'25Q3'25, Revenue: $2.7BQ3'25, Net income: $281MQ3'25Q4'25, Revenue: $3.2BQ4'25, Net income: $96MQ4'25Q1'26, Revenue: $3.4BQ1'26, Net income: $729MQ1'26Q2'26, Revenue: $3.5BQ2'26, Net income: $445MQ2'26Q3'26, Revenue: $3.7BQ3'26, Net income: $397MQ3'26−$1B$0$1B$2B$3B$4BQ4'22, Revenue: $1.5BQ4'22, Net income: −$4MQ1'23, Revenue: $1.6BQ1'23, Net income: $26MQ1'23Q2'23, Revenue: $1.7BQ2'23, Net income: $103MQ3'23, Revenue: $1.7BQ3'23, Net income: $127MQ3'23Q4'23, Revenue: $1.7BQ4'23, Net income: $84MQ1'24, Revenue: $1.9BQ1'24, Net income: $127MQ1'24Q2'24, Revenue: $1.8BQ2'24, Net income: $255MQ3'24, Revenue: $2.1BQ3'24, Net income: $450MQ3'24Q4'24, Revenue: $2.3BQ4'24, Net income: $120MQ1'25, Revenue: $2.4BQ1'25, Net income: $258MQ1'25Q2'25, Revenue: $2.5BQ2'25, Net income: $302MQ3'25, Revenue: $2.7BQ3'25, Net income: $281MQ3'25Q4'25, Revenue: $3.2BQ4'25, Net income: $96MQ1'26, Revenue: $3.4BQ1'26, Net income: $729MQ1'26Q2'26, Revenue: $3.5BQ2'26, Net income: $445MQ3'26, Revenue: $3.7BQ3'26, Net income: $397MQ3'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$5B$10B$15B$20BQ4'22, Cash and equivalents: $632MQ4'22, Long-term debt: $14.7BQ4'22Q1'23, Cash and equivalents: $572MQ1'23, Long-term debt: $15.1BQ1'23Q2'23, Cash and equivalents: $2.2BQ2'23, Long-term debt: $16.0BQ2'23Q3'23, Cash and equivalents: $2.6BQ3'23, Long-term debt: $15.8BQ3'23Q4'23, Cash and equivalents: $2.0BQ4'23, Long-term debt: $15.7BQ4'23Q1'24, Cash and equivalents: $2.4BQ1'24, Long-term debt: $14.2BQ1'24Q2'24, Cash and equivalents: $2.8BQ2'24, Long-term debt: $13.9BQ2'24Q3'24, Cash and equivalents: $3.6BQ3'24, Long-term debt: $15.8BQ3'24Q4'24, Cash and equivalents: $3.5BQ4'24, Long-term debt: $15.5BQ4'24Q1'25, Cash and equivalents: $3.5BQ1'25, Long-term debt: $15.7BQ1'25Q2'25, Cash and equivalents: $4.4BQ2'25, Long-term debt: $16.0BQ2'25Q3'25, Cash and equivalents: $6.8BQ3'25, Long-term debt: $16.9BQ3'25Q4'25, Cash and equivalents: $5.0BQ4'25, Long-term debt: $19.2BQ4'25Q1'26, Cash and equivalents: $4.7BQ1'26, Long-term debt: $17.9BQ1'26Q2'26, Cash and equivalents: $2.0BQ2'26, Long-term debt: $17.7BQ2'26Q3'26, Cash and equivalents: $2.3BQ3'26, Long-term debt: $18.2BQ3'26$0$5B$10B$15B$20BQ4'22, Cash and equivalents: $632MQ4'22, Long-term debt: $14.7BQ1'23, Cash and equivalents: $572MQ1'23, Long-term debt: $15.1BQ1'23Q2'23, Cash and equivalents: $2.2BQ2'23, Long-term debt: $16.0BQ3'23, Cash and equivalents: $2.6BQ3'23, Long-term debt: $15.8BQ3'23Q4'23, Cash and equivalents: $2.0BQ4'23, Long-term debt: $15.7BQ1'24, Cash and equivalents: $2.4BQ1'24, Long-term debt: $14.2BQ1'24Q2'24, Cash and equivalents: $2.8BQ2'24, Long-term debt: $13.9BQ3'24, Cash and equivalents: $3.6BQ3'24, Long-term debt: $15.8BQ3'24Q4'24, Cash and equivalents: $3.5BQ4'24, Long-term debt: $15.5BQ1'25, Cash and equivalents: $3.5BQ1'25, Long-term debt: $15.7BQ1'25Q2'25, Cash and equivalents: $4.4BQ2'25, Long-term debt: $16.0BQ3'25, Cash and equivalents: $6.8BQ3'25, Long-term debt: $16.9BQ3'25Q4'25, Cash and equivalents: $5.0BQ4'25, Long-term debt: $19.2BQ1'26, Cash and equivalents: $4.7BQ1'26, Long-term debt: $17.9BQ1'26Q2'26, Cash and equivalents: $2.0BQ2'26, Long-term debt: $17.7BQ3'26, Cash and equivalents: $2.3BQ3'26, Long-term debt: $18.2BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 27, 2026.

Welltower Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 27, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 29, 2026Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue3,7163,5453,3523,1812,6862,5482,4232,251+38.4%
Cost of revenue2,2462,1502,0551,9341,5771,5151,4621,409+42.4%
Gross profit—————————
Research and development—————————
Selling, general and administrative6767671,55763646449+6.4%
Operating income—————————
Other income (expense)—————————
Pretax income338320345—293298199109+15.3%
Income tax7(62)12(5)21(6)0+204.8%
Net income39744572996281302258120+41.4%
Diluted EPS ($)0.540.611.02—0.410.450.40—+31.7%
Diluted shares (millions)755738726—685668654——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 27, 2026.

Welltower Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 27, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 29, 2026Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents2,2751,9654,7045,0346,8074,4103,5023,507−66.6%
Short-term investments—————————
Total current assets—————————
Total assets73,71169,87567,22167,30359,50555,83353,29451,044+23.9%
Total current liabilities—————————
Long-term debt18,15417,72617,93419,19716,85215,97115,72415,500+7.7%
Total liabilities23,84722,21222,29124,10020,19219,28718,71218,472+18.1%
Stockholders’ equity48,58246,41443,79442,12938,75735,90133,95731,956+25.4%
Shares outstanding (millions)734721706698686669654641—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 27, 2026.

Welltower Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Oct 27, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 29, 2026Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026Q3 FY2025ended Sep 30, 2025filed Oct 28, 2025Q2 FY2025ended Jun 30, 2025filed Jul 29, 2025Q1 FY2025ended Mar 31, 2025filed Apr 29, 2025Q4 FY2024ended Dec 31, 2024filed Feb 12, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow1,0031,004670654858770599559+16.9%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization707738623594510495486480+38.6%
Share repurchases—————————
Dividends paid615524520510497439432418+23.7%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 12, 2026.

Income statement

Welltower Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 12, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 15, 2024FY2022ended Dec 31, 2022filed Feb 21, 2023FY2021ended Dec 31, 2021filed Feb 16, 2022FY2020ended Dec 31, 2020filed Feb 10, 2021FY2019ended Dec 31, 2019filed Feb 14, 2020FY2018ended Dec 31, 2018filed Feb 25, 2019FY2017ended Dec 31, 2017filed Feb 28, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 18, 2016FY2014ended Dec 31, 2014filed Feb 20, 2015FY2013ended Dec 31, 2013filed Feb 21, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 17, 2012FY2010ended Dec 31, 2010filed Mar 24, 2011FY2009ended Dec 31, 2009filed Aug 6, 2010FY2008ended Dec 31, 2008filed Aug 6, 2010
Revenue10,8387,9916,6385,8614,7424,6065,1214,7004,3174,2813,8603,3442,8811,8051,313579523505
Cost of revenue6,4884,8303,9483,5592,7752,5982,6902,4332,084—————————
Gross profit——————————————————
Research and development——————————————————
Selling, general and administrative1,7482351791501271281271261221551471431089777555047
Operating income——————————————————
Other income (expense)——(108)(102)(42)(70)(53)(113)—————1,252952501548526
Pretax income—524350173171(32)54342330070963638410218611237145130
Income tax(7)3679103920(19)6(1)78(1)001
Net income9379523401413369791,2327584641,01281844779222157107171260
Diluted EPS ($)1.391.570.660.300.782.333.052.021.262.812.341.450.280.980.900.831.492.76
Diluted shares (millions)68060951946542741740437536936034930827922617412811594

Balance sheet

Welltower Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 12, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 15, 2024FY2022ended Dec 31, 2022filed Feb 21, 2023FY2021ended Dec 31, 2021filed Feb 16, 2022FY2020ended Dec 31, 2020filed Feb 10, 2021FY2019ended Dec 31, 2019filed Feb 14, 2020FY2018ended Dec 31, 2018filed Feb 25, 2019FY2017ended Dec 31, 2017filed Feb 28, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 18, 2016FY2014ended Dec 31, 2014filed Feb 20, 2015FY2013ended Dec 31, 2013filed Feb 21, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 17, 2012FY2010ended Dec 31, 2010filed Mar 24, 2011FY2009ended Dec 31, 2009filed Aug 6, 2010FY2008ended Dec 31, 2008filed Aug 6, 2010
Cash and equivalents5,0343,5071,9946322691,5452852152446074235531591,0341631323523
Short-term investments——————————————————
Total current assets——————————————————
Total assets67,30351,04444,01237,89334,91032,48433,38130,34227,94428,86529,02424,96323,08419,54914,9259,4526,367—
Total current liabilities——————————————————
Long-term debt19,19715,50015,73614,71413,9102,37813,42112,18611,03611,72512,12410,75910,4328,4576,5734,199——
Total liabilities24,10018,47217,64016,49915,91215,25916,39814,33112,64413,18513,66511,40311,2938,9947,6124,7142,560—
Stockholders’ equity42,12931,95625,40420,29517,63615,97315,54014,63214,42314,80614,59113,17511,41510,2957,1254,6033,797—
Shares outstanding (millions)698641569491447417410386372363355330290260193177——

Cash flow statement

Welltower Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 12, 2026FY2024ended Dec 31, 2024filed Feb 12, 2025FY2023ended Dec 31, 2023filed Feb 15, 2024FY2022ended Dec 31, 2022filed Feb 21, 2023FY2021ended Dec 31, 2021filed Feb 16, 2022FY2020ended Dec 31, 2020filed Feb 10, 2021FY2019ended Dec 31, 2019filed Feb 14, 2020FY2018ended Dec 31, 2018filed Feb 25, 2019FY2017ended Dec 31, 2017filed Feb 28, 2018FY2016ended Dec 31, 2016filed Feb 22, 2017FY2015ended Dec 31, 2015filed Feb 18, 2016FY2014ended Dec 31, 2014filed Feb 20, 2015FY2013ended Dec 31, 2013filed Feb 21, 2014FY2012ended Dec 31, 2012filed Feb 26, 2013FY2011ended Dec 31, 2011filed Feb 17, 2012FY2010ended Dec 31, 2010filed Mar 24, 2011FY2009ended Dec 31, 2009filed Aug 6, 2010FY2008ended Dec 31, 2008filed Aug 6, 2010
Operating cash flow2,8822,2561,6021,3291,2751,3651,5361,5841,4341,6391,3831,139988818588365381361
Capital expenditures——————————————————
Free cash flow (CFO − capex)——————————————————
Depreciation and amortization2,0851,6321,4011,3101,0381,0381,027950922901826844874534424203165163
Share repurchases———00800——————————
Dividends paid1,8781,5451,2611,1321,0361,1191,4051,3001,2771,2341,145970840653484349312254

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$2M
4 purchases by 1 insider; officers and directors $2M
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$2M
4 purchases by 1 insider; officers and directors $2M
Sold, twelve months
$0
0 sales by 0 insiders; officers and directors $0

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Aug 26, 2026Gundlach AndrewDirectoropen-market buyindirect2,500$242.06$605K27,500Aug 27, 2026
Aug 26, 2026Gundlach AndrewDirectoropen-market buyindirect2,500$242.06$605K30,000Aug 27, 2026
Aug 25, 2026Gundlach AndrewDirectoropen-market buyindirect2,500$239.47$599K22,500Aug 27, 2026
Aug 25, 2026Gundlach AndrewDirectoropen-market buyindirect2,500$239.47$599K25,000Aug 27, 2026
Aug 20, 2026Lopez Dennis GDirectoraward73$237.40$17K18,598Aug 24, 2026
Jun 26, 2026Mitra ShankhCEO, Directorgift3,852$0.00—72,642Jun 29, 2026
May 31, 2026Mitra ShankhCEO, Directoraward17$173.32$3K76,494Jun 29, 2026
May 29, 2026McHugh TimothyCo-President and CFOaward11$173.32$2K23,409Sep 30, 2026
May 27, 2026Mitra ShankhCEO, Directorgift162$0.00—76,477May 27, 2026
May 21, 2026Lopez Dennis GDirectoraward63$216.01$14K18,525May 26, 2026
May 1, 2026Bacon Kenneth JDirectorconversion2,627$0.00—14,306May 5, 2026
Feb 26, 2026Spisso JohneseDirectoraward1,056$0.00—16,057Feb 27, 2026
Feb 26, 2026Rivera SergioDirectoraward1,056$0.00—26,611Feb 27, 2026
Feb 26, 2026Lopez Dennis GDirectoraward1,787$0.00—18,462Feb 27, 2026
Feb 26, 2026DeSalvo Karen BDirectoraward1,056$0.00—12,370Feb 27, 2026
Feb 13, 2026Mcqueen Matthew GrantChief Legal Officergift541$0.00—26,881Feb 18, 2026
Jan 15, 2026Fieweger JoshuaSVP, Chief Accounting Officertax withholding124$188.18$23K21,269Jan 20, 2026
Dec 31, 2025Lopez Dennis GDirectoraward57$0.00—16,675Jan 5, 2026
Dec 16, 2025McHugh TimothyCo-President and CFOgift500$0.00—23,398Dec 16, 2025
Nov 28, 2025Mcqueen Matthew GrantChief Legal Officeraward71$131.94$9K27,422Dec 2, 2025
Nov 28, 2025Fieweger JoshuaSVP, Chief Accounting Officeraward53$131.94$7K21,393Dec 2, 2025
Nov 28, 2025McHugh TimothyCo-President and CFOaward53$131.94$7K23,898Dec 2, 2025
Nov 28, 2025Burkart John F.Vice Chairman and COOaward39$131.94$5K1,644Dec 2, 2025
Nov 28, 2025Chaudhri NikhilCo-President and CIOaward31$131.94$4K449Dec 2, 2025
Nov 28, 2025Mitra ShankhCEO, Directoraward64$131.94$8K77,339Dec 2, 2025

Full insider history for Welltower Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held WELL in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded WELL by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$280M1M0.42%trimmed −8.4%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
WELLTOWER INC., CIK 766704 on EDGAR
Extract generated
October 28, 2026
Withheld
2 line-years whose four quarters do not sum to the filed year: depreciation amortization FY2011, depreciation amortization FY2012
Repaired
1 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: income tax FY2019
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: CostOfGoodsAndServicesSold
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: not filed
Other income (expense): NonoperatingIncomeExpense, OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLossAvailableToCommonStockholdersBasic
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: not filed
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAndAmortization, DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividends, PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated October 28, 2026.

JSON file
/data/financials/WELL.json