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Welltower (WELL) Financials

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$147.06 +1.47 (+1.01%)
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Annual Income Statements for Welltower

Annual Income Statements for Welltower

This table shows Welltower's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 818 1,012 464 758 1,232 979 336 141 340 952
Consolidated Net Income / (Loss)		 889 1,082 541 830 1,330 1,039 374 161 358 973
Net Income / (Loss) Continuing Operations		 608 1,082 541 830 1,330 1,039 374 161 358 973
Total Pre-Tax Income 		636 709 300 423 543 -32 171 173 350 524
Total Revenue		 3,368 4,281 3,832 4,700 4,566 4,092 4,252 5,861 6,638 7,991
Net Interest Income / (Expense)		 -408 98 -485 0.00 -556 -514 -352 151 168 256
Total Interest Income		 84 98 0.00 0.00 0.00 0.00 138 151 168 256
Loans and Leases Interest Income		 - - - - - - 138 151 168 256
Total Interest Expense		 492 0.00 485 0.00 556 514 490 0.00 0.00 0.00
Total Non-Interest Income		 3,776 4,183 4,317 4,700 5,121 4,606 4,605 5,710 6,470 7,735
Service Charges on Deposit Accounts		 2,158 2,505 - - - - - 4,174 4,754 6,027
Other Service Charges		 19 30 - - - - 33 85 160 138
Other Non-Interest Income		 1,599 1,649 4,317 4,700 5,121 4,606 4,572 1,452 1,556 1,570
Provision for Credit Losses		 0.00 - 63 0.00 19 94 7.27 10 9.81 10
Total Non-Interest Expense		 2,790 3,572 3,469 4,277 4,004 4,018 4,074 5,677 6,278 7,457
Net Occupancy & Equipment Expense		 1,622 1,877 - 2,433 2,690 - 2,775 3,559 3,948 4,830
Other Operating Expenses		 194 167 2,384 239 179 2,797 168 782 895 927
Depreciation Expense		 826 901 922 950 1,027 1,038 1,038 1,310 1,401 1,632
Impairment Charge		 2.22 37 124 116 28 136 51 18 36 93
Other Special Charges		 35 546 40 539 80 47 43 9.01 -2.11 -26
Income Tax Expense		 6.45 -19 20 8.67 2.96 9.97 8.71 7.25 6.36 2.70
Other Gains / (Losses), net		 -22 354 261 415 790 1,080 212 -5.25 14 451
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.80 4.27 18 25 98 60 38 19 18 21
Basic Earnings per Share		 $2.35 $2.83 $1.26 $2.03 $3.07 $2.36 $0.79 $0.31 $0.66 $1.58
Weighted Average Basic Shares Outstanding		 348.24M 358.28M 367.24M 373.62M 401.85M 415.45M 424.98M 462.19M 515.63M 602.98M
Diluted Earnings per Share		 $2.34 $2.81 $1.26 $2.02 $3.05 $2.33 $0.78 $0.30 $0.66 $1.57
Weighted Average Diluted Shares Outstanding		 349.42M 360.23M 369.00M 375.25M 403.81M 417.39M 426.84M 465.16M 518.70M 608.75M
Weighted Average Basic & Diluted Shares Outstanding		 348.20M 357.70M 367.90M 373.50M 410.33M 417.38M 447.28M 490.64M 568.88M 641.31M
Cash Dividends to Common per Share		 $3.30 $3.44 $3.48 $3.48 $3.48 $2.70 $2.44 $2.44 $2.44 $2.56

Quarterly Income Statements for Welltower

This table shows Welltower's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -6.77 -3.73 26 103 127 84 127 255 450 120
Consolidated Net Income / (Loss)		 -2.65 1.80 29 106 135 88 132 261 457 124
Net Income / (Loss) Continuing Operations		 -2.65 1.80 29 106 135 88 132 261 457 124
Total Pre-Tax Income 		6.24 6.78 38 152 72 87 141 90 184 109
Total Revenue		 1,334 1,908 1,561 1,513 3,165 400 1,712 1,691 1,917 2,671
Net Interest Income / (Expense)		 -140 540 36 -114 -114 360 -95 -70 -70 491
Total Interest Income		 0.00 151 36 39 42 51 53 63 69 71
Loans and Leases Interest Income		 - - 36 39 42 51 53 63 69 71
Total Interest Expense		 140 -389 0.00 152 157 -309 147 133 139 -420
Total Non-Interest Income		 1,474 1,368 1,524 1,627 3,279 40 1,807 1,761 1,987 2,180
Other Service Charges		 - - 8.58 84 35 32 29 32 45 32
Other Non-Interest Income		 1,474 -2,890 384 383 3,246 -2,458 1,778 1,729 430 -2,367
Provision for Credit Losses		 0.49 10 0.78 2.46 4.06 2.52 1.01 5.16 4.19 -0.25
Total Non-Interest Expense		 1,321 1,898 1,522 1,358 3,016 382 1,574 1,602 1,729 2,553
Other Operating Expenses		 962 -2,024 67 1,014 2,669 -2,855 1,164 1,216 1,311 -2,764
Depreciation Expense		 354 342 339 342 339 381 366 382 404 480
Impairment Charge		 4.36 13 13 1.09 7.39 15 43 2.39 23 24
Other Special Charges		 0.00 8.42 145 1.28 - - 0.01 1.71 -9.49 -18
Income Tax Expense		 3.26 -4.09 3.05 3.50 4.58 -4.77 6.19 1.10 -4.71 0.11
Other Gains / (Losses), net		 -5.63 -9.07 -6.32 -43 -4.03 67 -3.08 171 -4.04 287
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.11 5.53 2.96 3.30 7.25 4.53 4.49 5.96 6.95 3.78
Basic Earnings per Share		 ($0.01) ($0.02) $0.05 $0.21 $0.50 ($0.10) $0.22 $0.42 $0.74 $0.20
Weighted Average Basic Shares Outstanding		 463.37M 462.19M 492.06M 499.02M 521.85M 515.63M 574.05M 600.55M 611.29M 602.98M
Diluted Earnings per Share		 ($0.01) ($0.03) $0.05 $0.20 $0.50 ($0.09) $0.22 $0.42 $0.73 $0.20
Weighted Average Diluted Shares Outstanding		 463.37M 465.16M 494.49M 501.97M 525.14M 518.70M 577.53M 604.56M 618.31M 608.75M
Weighted Average Basic & Diluted Shares Outstanding		 472.52M 490.64M 497.03M 518.73M 535.97M 568.88M 597.92M 609.15M 622.69M 641.31M

Annual Cash Flow Statements for Welltower

This table details how cash moves in and out of Welltower's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 -131 185 -298 6.83 70 1,635 -1,674 376 1,354 1,635
Net Cash From Operating Activities		 1,383 1,639 1,434 1,584 1,536 1,365 1,275 1,329 1,602 2,256
Net Cash From Continuing Operating Activities		 1,383 1,639 1,434 1,584 1,536 1,365 1,275 1,329 1,602 2,256
Net Income / (Loss) Continuing Operations		 889 1,082 541 830 1,330 1,039 374 161 358 973
Consolidated Net Income / (Loss)		 889 1,082 541 830 1,330 1,039 374 161 358 973
Provision For Loan Losses		 0.00 10 63 - 19 94 7.27 10 9.81 10
Depreciation Expense		 826 901 938 950 1,027 1,038 1,038 1,310 1,401 1,632
Amortization Expense		 9.01 9.14 0.36 20 16 11 16 27 42 48
Non-Cash Adjustments to Reconcile Net Income		 -333 -360 -158 -292 -764 -786 -115 -39 -133 -364
Changes in Operating Assets and Liabilities, net		 -8.49 -3.74 50 77 -92 -32 -45 -141 -76 -42
Net Cash From Investing Activities		 -3,502 -183 155 -2,386 -2,049 2,348 -4,516 -3,704 -5,708 -5,515
Net Cash From Continuing Investing Activities		 -3,502 -183 155 -2,386 -2,049 2,348 -4,516 -3,704 -5,708 -5,515
Purchase of Property, Leasehold Improvements and Equipment		 -432 -622 -483 -427 -652 -446 -701 -1,108 -1,533 -1,685
Purchase of Investment Securities		 -4,148 -2,372 -1,065 -3,742 -4,376 -1,555 -5,504 -3,063 -4,493 -4,475
Sale of Property, Leasehold Improvements and Equipment		 824 2,350 1,378 1,542 2,651 4,300 1,070 199 97 337
Sale and/or Maturity of Investments		 263 478 338 360 344 66 638 298 271 367
Other Investing Activities, net		 -8.67 -17 -13 -120 -15 -17 -19 -30 -51 -58
Net Cash From Financing Activities		 1,997 -1,251 -1,914 818 577 -2,081 1,568 2,761 5,449 4,905
Net Cash From Continuing Financing Activities		 1,997 -1,251 -1,914 818 577 -2,081 1,568 2,761 5,449 4,905
Issuance of Debt		 1,680 964 323 3,298 4,759 1,651 2,052 1,153 1,397 1,213
Issuance of Common Equity		 1,756 534 622 790 1,056 595 2,348 3,668 6,010 7,416
Repayment of Debt		 -297 -1,430 -1,149 -1,820 -3,620 -2,849 -1,731 -782 -742 -1,848
Payment of Dividends		 -1,210 -1,299 -1,326 -1,459 -1,401 -1,119 -1,036 -1,132 -1,261 -1,545
Other Financing Activities, Net		 69 -20 -96 9.52 -217 -351 -65 -146 44 -330
Effect of Exchange Rate Changes		 -8.58 -20 27 -9.02 5.31 3.45 -1.01 -11 11 -12
Cash Interest Paid		 493 542 488 501 575 508 493 532 629 593
Cash Income Taxes Paid		 12 8.01 10 2.25 14 14 -4.81 3.44 7.68 8.42

Quarterly Cash Flow Statements for Welltower

This table details how cash moves in and out of Welltower's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -17 297 -83 1,660 388 -611 402 385 921 -73
Net Cash From Operating Activities		 356 253 376 416 439 371 407 605 685 559
Net Cash From Continuing Operating Activities		 356 253 376 416 439 371 407 605 685 559
Net Income / (Loss) Continuing Operations		 -2.65 1.80 29 106 135 88 132 261 457 124
Consolidated Net Income / (Loss)		 -2.65 1.80 29 106 135 88 132 261 457 124
Provision For Loan Losses		 0.49 10 0.78 2.46 4.06 2.52 1.01 5.16 4.19 -0.25
Depreciation Expense		 354 342 339 342 339 381 366 382 404 480
Amortization Expense		 8.81 7.10 9.71 10 11 12 13 15 15 4.21
Non-Cash Adjustments to Reconcile Net Income		 -6.18 3.76 -4.07 -42 -70 -17 -33 -110 -257 36
Changes in Operating Assets and Liabilities, net		 1.82 -112 1.89 -2.82 20 -96 -72 53 62 -85
Net Cash From Investing Activities		 -1,199 -419 -933 -393 -1,237 -3,144 -581 -1,279 -1,449 -2,205
Net Cash From Continuing Investing Activities		 -1,199 -419 -933 -393 -1,237 -3,144 -581 -1,279 -1,449 -2,205
Purchase of Property, Leasehold Improvements and Equipment		 -293 -328 -318 -362 -386 -468 -364 -392 -415 -514
Purchase of Investment Securities		 -982 -183 -651 -152 -962 -2,728 -295 -1,076 -1,170 -1,934
Sale of Property, Leasehold Improvements and Equipment		 21 75 22 -20 82 13 45 85 16 191
Sale and/or Maturity of Investments		 64 27 24 151 43 53 47 119 135 66
Other Investing Activities, net		 -8.86 -9.76 -10 -12 -14 -15 -14 -14 -16 -14
Net Cash From Financing Activities		 831 457 470 1,632 1,209 2,138 579 1,059 1,678 1,590
Net Cash From Continuing Financing Activities		 831 457 470 1,632 1,209 2,138 579 1,059 1,678 1,590
Issuance of Debt		 380 -306 363 1,022 8.26 3.75 1.38 1.49 1,016 194
Issuance of Common Equity		 827 1,483 411 923 1,931 2,745 2,416 1,604 1,242 2,153
Repayment of Debt		 -94 -462 -40 -62 -338 -303 -1,483 -101 -122 -142
Payment of Dividends		 -283 -298 -300 -303 -319 -338 -352 -366 -409 -418
Other Financing Activities, Net		 0.03 41 36 52 -74 30 -4.28 -79 -49 -198
Effect of Exchange Rate Changes		 -4.43 5.98 2.81 5.57 -23 26 -2.19 -0.46 7.70 -17
Cash Interest Paid		 157 167 148 126 148 206 149 131 110 202
Cash Income Taxes Paid		 1.26 -3.29 0.33 0.83 2.94 3.59 3.26 5.87 -0.74 0.03

Annual Balance Sheets for Welltower

This table presents Welltower's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 29,024 28,865 27,944 30,342 33,381 32,484 34,910 37,893 44,012 51,044
Cash and Due from Banks		 361 419 244 215 285 1,545 269 632 1,994 3,507
Restricted Cash		 62 188 66 101 101 476 77 91 82 205
Loans and Leases, Net of Allowance		 819 616 427 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 24,549 23,500 23,507 26,509 28,695 26,066 28,772 30,980 34,524 38,073
Intangible Assets		 1,351 1,403 1,502 1,581 1,617 1,500 1,790 1,945 2,166 2,549
Other Assets		 1,108 1,845 2,130 1,867 2,614 2,200 3,934 4,178 5,246 6,711
Total Liabilities & Shareholders' Equity		 29,024 28,865 27,944 30,342 33,381 32,484 34,910 37,893 44,012 51,044
Total Liabilities		 13,665 13,185 12,644 14,331 16,398 15,259 15,912 16,499 17,640 18,472
Short-Term Debt		 835 645 719 1,147 1,588 0.00 325 0.00 0.00 0.00
Long-Term Debt		 12,057 11,639 10,941 12,079 13,327 13,799 13,806 14,548 15,736 15,500
Other Long-Term Liabilities		 697 827 912 1,105 1,483 1,460 1,781 1,951 1,905 2,971
Redeemable Noncontrolling Interest		 183 398 375 424 476 343 401 384 291 256
Total Equity & Noncontrolling Interests		 15,176 15,281 14,925 15,587 16,507 16,882 18,597 21,010 26,081 32,316
Total Preferred & Common Equity		 14,591 14,806 14,423 14,632 15,540 15,973 17,636 20,295 25,404 31,956
Total Common Equity		 13,584 13,800 13,705 13,914 15,540 15,973 17,636 20,295 25,404 31,956
Common Stock		 16,833 17,363 18,035 18,809 20,601 21,242 23,582 27,235 33,308 40,654
Retained Earnings		 -3,120 -3,341 -4,155 -4,697 -4,870 -5,016 -5,717 -6,709 -7,629 -8,223
Treasury Stock		 -44 -55 -65 -68 -79 -104 -108 -111 -112 -114
Accumulated Other Comprehensive Income / (Loss)		 -88 -170 -111 -130 -112 -149 -121 -120 -163 -360
Noncontrolling Interest		 585 475 502 954 966 909 961 715 677 360

Quarterly Balance Sheets for Welltower

This table presents Welltower's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets		 37,414 37,893 38,494 40,064 41,655 44,012 44,554 45,534 48,954 51,044
Cash and Due from Banks		 343 632 572 2,204 2,582 1,994 2,388 2,777 3,565 3,507
Restricted Cash		 82 91 67 95 105 82 90 87 219 205
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 30,500 30,980 31,190 30,899 31,853 34,524 34,401 35,027 36,821 38,073
Intangible Assets		 1,921 1,945 1,991 1,950 1,962 2,166 2,159 2,192 2,269 2,549
Other Assets		 4,500 4,178 4,606 4,847 5,085 5,246 5,447 5,383 5,542 6,711
Total Liabilities & Shareholders' Equity		 37,414 37,893 38,494 40,064 41,655 44,012 44,554 45,534 48,954 51,044
Total Liabilities		 16,957 16,499 16,898 17,871 17,836 17,640 16,006 15,845 17,890 18,472
Short-Term Debt		 655 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt		 14,446 14,548 14,961 15,991 15,834 15,736 14,205 13,936 15,764 15,500
Other Long-Term Liabilities		 1,856 1,951 1,937 1,880 2,002 1,905 1,801 1,910 2,126 2,971
Redeemable Noncontrolling Interest		 401 384 392 369 245 291 301 262 270 256
Total Equity & Noncontrolling Interests		 20,057 21,010 21,204 21,824 23,574 26,081 28,247 29,426 30,794 32,316
Total Preferred & Common Equity		 19,169 20,295 20,448 21,204 22,954 25,404 27,548 28,976 30,334 31,956
Total Common Equity		 19,169 20,295 20,448 21,204 22,954 25,404 27,548 28,976 30,334 31,956
Common Stock		 25,763 27,235 27,658 28,595 30,590 33,308 35,698 37,303 38,569 40,654
Retained Earnings		 -6,407 -6,709 -6,985 -7,183 -7,374 -7,629 -7,854 -7,966 -7,925 -8,223
Treasury Stock		 -112 -111 -113 -112 -112 -112 -115 -115 -115 -114
Accumulated Other Comprehensive Income / (Loss)		 -75 -120 -112 -96 -149 -163 -181 -246 -195 -360
Noncontrolling Interest		 887 715 756 619 620 677 699 450 460 360

Annual Metrics and Ratios for Welltower

This table displays calculated financial ratios and metrics derived from Welltower's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 17.65% 27.13% -10.49% 22.66% -2.87% -10.39% 3.93% 37.82% 13.26% 20.38%
EBITDA Growth		 14.45% 14.63% -23.55% 12.55% 13.82% -35.11% 18.91% 23.37% 18.76% 22.91%
EBIT Growth		 50.94% 22.77% -57.76% 41.34% 28.19% -103.78% 932.81% 1.35% 102.27% 49.82%
NOPAT Growth		 48.92% 27.38% -61.63% 48.42% 30.16% -102.66% 1,229.01% 2.33% 107.27% 51.81%
Net Income Growth		 73.44% 21.78% -50.04% 53.48% 60.34% -21.91% -63.95% -57.12% 123.05% 171.64%
EPS Growth		 61.38% 20.09% -55.16% 60.32% 50.99% -23.61% -66.52% -61.54% 120.00% 137.88%
Operating Cash Flow Growth		 21.42% 18.55% -12.50% 10.44% -3.03% -11.15% -6.55% 4.19% 20.56% 40.86%
Free Cash Flow Firm Growth		 -126.60% 129.74% 26.37% -239.27% -18.48% 140.53% -326.08% -36.25% -119.89% 6.49%
Invested Capital Growth		 16.40% -1.02% -3.59% 8.16% 9.10% -2.74% 6.79% 8.49% 17.15% 14.17%
Revenue Q/Q Growth		 4.73% 15.45% 19.60% -15.45% 16.34% -19.74% 4.65% 16.80% -12.85% 56.32%
EBITDA Q/Q Growth		 3.33% 1.27% -13.22% 6.79% 6.52% -17.07% 4.02% -0.47% 3.43% 9.72%
EBIT Q/Q Growth		 3.11% 2.04% -40.08% 24.51% 17.24% -111.95% 3.00% -28.29% 4.95% 24.41%
NOPAT Q/Q Growth		 -8.43% 4.67% -46.24% 68.93% 19.49% -108.99% 149.68% -25.19% 31.02% 3.35%
Net Income Q/Q Growth		 -6.03% 22.91% -44.92% 34.85% 9.50% -7.55% -19.22% -28.63% 31.91% 3.77%
EPS Q/Q Growth		 -8.95% 24.34% -49.40% 40.28% 10.11% -6.43% -25.00% -34.78% -8.33% 22.66%
Operating Cash Flow Q/Q Growth		 4.68% 0.78% -5.73% 6.82% -2.95% -4.94% 2.26% -2.20% 7.89% 9.13%
Free Cash Flow Firm Q/Q Growth		 -44.60% 162.65% -47.67% -0.80% -179.86% 262.44% -175.90% 24.26% -51.92% 18.38%
Invested Capital Q/Q Growth		 5.82% -3.61% -0.44% 0.22% 4.98% -0.16% 4.04% 1.08% 6.19% 2.66%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 41.96% 37.83% 32.31% 29.65% 34.74% 25.16% 28.78% 25.76% 27.02% 27.58%
EBIT Margin		 17.15% 16.57% 7.82% 9.01% 11.89% -0.50% 4.02% 2.95% 5.27% 6.56%
Profit (Net Income) Margin		 26.38% 25.28% 14.11% 17.65% 29.14% 25.39% 8.81% 2.74% 5.40% 12.17%
Tax Burden Percent		 139.68% 152.56% 180.44% 195.93% 245.06% -3,292.51% 219.31% 92.78% 102.31% 185.50%
Interest Burden Percent		 110.11% 100.00% 100.00% 100.00% 100.00% 153.89% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 1.01% -2.70% 6.72% 2.05% 0.54% 0.00% 5.10% 4.19% 1.82% 0.51%
Return on Invested Capital (ROIC)		 2.17% 2.58% 1.02% 1.47% 1.77% -0.05% 0.51% 0.48% 0.88% 1.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.84% 5.38% 3.18% 4.80% 7.38% 7.29% 2.03% 0.44% 0.98% 4.05%
Return on Net Nonoperating Assets (RNNOA)		 3.97% 4.39% 2.48% 3.83% 6.30% 6.12% 1.56% 0.31% 0.62% 2.14%
Return on Equity (ROE)		 6.15% 6.97% 3.49% 5.30% 8.06% 6.07% 2.07% 0.80% 1.50% 3.30%
Cash Return on Invested Capital (CROIC)		 -12.98% 3.61% 4.67% -6.36% -6.94% 2.73% -6.06% -7.67% -14.92% -12.07%
Operating Return on Assets (OROA)		 2.14% 2.45% 1.05% 1.45% 1.70% -0.06% 0.51% 0.48% 0.85% 1.10%
Return on Assets (ROA)		 3.29% 3.74% 1.90% 2.85% 4.18% 3.15% 1.11% 0.44% 0.87% 2.05%
Return on Common Equity (ROCE)		 5.47% 6.15% 3.10% 4.67% 7.20% 5.60% 1.92% 0.75% 1.43% 3.21%
Return on Equity Simple (ROE_SIMPLE)		 6.09% 7.31% 3.75% 5.67% 8.56% 6.50% 2.12% 0.79% 1.41% 3.04%
Net Operating Profit after Tax (NOPAT)		 572 728 279 415 540 -14 162 166 344 522
NOPAT Margin		 16.98% 17.01% 7.29% 8.82% 11.83% -0.35% 3.81% 2.83% 5.18% 6.53%
Net Nonoperating Expense Percent (NNEP)		 -2.67% -2.79% -2.17% -3.33% -5.62% -7.34% -1.52% 0.04% -0.10% -2.89%
SG&A Expenses to Revenue		 48.17% 43.84% 0.00% 51.76% 58.92% 0.00% 65.25% 60.72% 59.47% 60.44%
Operating Expenses to Revenue		 82.85% 83.43% 90.54% 90.99% 87.70% 98.19% 95.81% 96.87% 94.58% 93.31%
Earnings before Interest and Taxes (EBIT)		 578 709 300 423 543 -21 171 173 350 524
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,413 1,620 1,238 1,394 1,586 1,029 1,224 1,510 1,793 2,204
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.24 1.29 1.33 1.53 1.82 1.51 1.96 1.45 1.86 2.46
Price to Tangible Book Value (P/TBV)		 1.38 1.44 1.50 1.74 2.05 1.68 2.19 1.61 2.03 2.67
Price to Revenue (P/Rev)		 4.99 4.16 4.76 4.54 6.21 5.90 8.11 5.01 7.11 9.82
Price to Earnings (P/E)		 20.54 17.59 39.32 28.12 22.99 24.65 102.57 207.89 138.83 82.46
Dividend Yield		 6.95% 7.00% 7.07% 6.13% 4.98% 4.67% 3.08% 3.93% 2.77% 2.03%
Earnings Yield		 4.87% 5.69% 2.54% 3.56% 4.35% 4.06% 0.97% 0.48% 0.72% 1.21%
Enterprise Value to Invested Capital (EV/IC)		 1.10 1.12 1.16 1.24 1.39 1.20 1.50 1.23 1.47 1.89
Enterprise Value to Revenue (EV/Rev)		 9.24 7.34 8.15 7.73 9.70 9.08 11.67 7.56 9.32 11.37
Enterprise Value to EBITDA (EV/EBITDA)		 22.03 19.41 25.24 26.07 27.93 36.10 40.55 29.33 34.49 41.23
Enterprise Value to EBIT (EV/EBIT)		 53.89 44.32 104.29 85.78 81.61 0.00 290.63 255.87 176.66 173.29
Enterprise Value to NOPAT (EV/NOPAT)		 54.44 43.16 111.80 87.57 82.06 0.00 306.25 267.06 179.94 174.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.52 19.18 21.79 22.93 28.85 27.23 38.91 33.33 38.61 40.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 30.91 24.32 0.00 0.00 43.24 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.84 0.79 0.77 0.83 0.88 0.80 0.74 0.68 0.60 0.48
Long-Term Debt to Equity		 0.79 0.75 0.72 0.75 0.78 0.80 0.73 0.68 0.60 0.48
Financial Leverage		 0.82 0.82 0.78 0.80 0.85 0.84 0.77 0.71 0.63 0.53
Leverage Ratio		 1.87 1.87 1.83 1.86 1.93 1.93 1.86 1.80 1.71 1.61
Compound Leverage Factor		 2.06 1.87 1.83 1.86 1.93 2.96 1.86 1.80 1.71 1.61
Debt to Total Capital		 45.78% 44.08% 43.40% 45.24% 46.76% 44.48% 42.65% 40.48% 37.37% 32.24%
Short-Term Debt to Total Capital		 2.95% 2.30% 2.66% 3.92% 4.98% 0.00% 0.98% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 42.83% 41.78% 40.74% 41.32% 41.78% 44.48% 41.67% 40.48% 37.37% 32.24%
Preferred Equity to Total Capital		 3.55% 3.59% 2.66% 2.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.71% 3.12% 3.25% 4.71% 4.52% 4.04% 4.11% 3.06% 2.30% 1.28%
Common Equity to Total Capital		 47.96% 49.22% 50.70% 47.59% 48.72% 51.49% 53.23% 56.47% 60.33% 66.47%
Debt to EBITDA		 9.18 7.63 9.47 9.49 9.40 13.41 11.55 9.63 8.77 7.03
Net Debt to EBITDA		 8.88 7.26 9.23 9.26 9.16 11.44 11.26 9.16 7.62 5.35
Long-Term Debt to EBITDA		 8.59 7.23 8.89 8.67 8.40 13.41 11.28 9.63 8.77 7.03
Debt to NOPAT		 22.68 16.97 41.98 31.89 27.62 -961.44 87.21 87.74 45.79 29.71
Net Debt to NOPAT		 21.94 16.13 40.87 31.12 26.91 -820.62 85.07 83.38 39.74 22.60
Long-Term Debt to NOPAT		 21.22 16.08 39.40 29.12 24.68 -961.44 85.20 87.74 45.79 29.71
Noncontrolling Interest Sharing Ratio		 10.95% 11.77% 11.22% 11.79% 10.73% 7.88% 7.22% 6.09% 4.33% 2.69%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3,419 1,017 1,285 -1,790 -2,121 859 -1,943 -2,647 -5,822 -5,444
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 146.29% 111.56% 167.28%
Free Cash Flow to Firm to Interest Expense		 -6.95 0.00 2.65 0.00 -3.82 1.67 -3.97 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 2.81 0.00 2.96 0.00 2.76 2.65 2.60 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 3.61 0.00 4.81 0.00 6.36 10.15 3.36 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.12 0.15 0.13 0.16 0.14 0.12 0.13 0.16 0.16 0.17
Fixed Asset Turnover		 0.07 0.18 0.16 0.19 0.17 0.15 0.16 0.20 0.20 0.22
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 28,327 28,038 27,033 29,237 31,898 31,024 33,129 35,942 42,107 48,073
Invested Capital Turnover		 0.13 0.15 0.14 0.17 0.15 0.13 0.13 0.17 0.17 0.18
Increase / (Decrease) in Invested Capital		 3,991 -289 -1,006 2,205 2,660 -874 2,105 2,813 6,165 5,966
Enterprise Value (EV)		 31,130 31,435 31,247 36,326 44,307 37,161 49,624 44,282 61,841 90,883
Market Capitalization		 16,810 17,804 18,228 21,319 28,336 24,131 34,478 29,357 47,214 78,478
Book Value per Share		 $38.39 $38.07 $37.00 $37.04 $38.30 $38.28 $40.52 $42.95 $47.40 $51.32
Tangible Book Value per Share		 $34.38 $34.01 $32.76 $32.65 $34.14 $34.52 $36.25 $38.69 $43.36 $47.23
Total Capital		 28,327 28,038 27,033 29,237 31,898 31,024 33,129 35,942 42,107 48,073
Total Debt		 12,968 12,358 11,732 13,226 14,915 13,799 14,131 14,548 15,736 15,500
Total Long-Term Debt		 12,133 11,713 11,013 12,079 13,327 13,799 13,806 14,548 15,736 15,500
Net Debt		 12,545 11,751 11,423 12,910 14,529 11,778 13,784 13,826 13,659 11,789
Capital Expenditures (CapEx)		 -392 -1,728 -895 -1,115 -1,998 -3,854 -370 908 1,436 1,349
Net Nonoperating Expense (NNE)		 -317 -354 -261 -415 -790 -1,053 -212 5.25 -14 -451
Net Nonoperating Obligations (NNO)		 12,968 12,358 11,732 13,226 14,915 13,799 14,131 14,548 15,736 15,500
Total Depreciation and Amortization (D&A)		 835 910 939 970 1,043 1,050 1,053 1,337 1,443 1,680
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.35 $2.83 $1.26 $2.03 $3.07 $2.36 $0.79 $0.31 $0.66 $1.58
Adjusted Weighted Average Basic Shares Outstanding		 348.24M 358.28M 367.24M 373.62M 401.85M 415.45M 424.98M 462.19M 515.63M 602.98M
Adjusted Diluted Earnings per Share		 $2.34 $2.81 $1.26 $2.02 $3.05 $2.33 $0.78 $0.30 $0.66 $1.57
Adjusted Weighted Average Diluted Shares Outstanding		 349.42M 360.23M 369.00M 375.25M 403.81M 417.39M 426.84M 465.16M 518.70M 608.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 355.14M 362.56M 371.67M 386.36M 410.33M 417.38M 447.28M 490.64M 568.88M 641.31M
Normalized Net Operating Profit after Tax (NOPAT)		 718 935 432 1,056 647 114 251 191 377 588
Normalized NOPAT Margin		 21.33% 21.84% 11.29% 22.46% 14.18% 2.77% 5.90% 3.26% 5.68% 7.36%
Pre Tax Income Margin		 18.89% 16.57% 7.82% 9.01% 11.89% -0.77% 4.02% 2.95% 5.27% 6.56%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 1.17 0.00 0.62 0.00 0.98 -0.04 0.35 0.00 0.00 0.00
NOPAT to Interest Expense		 1.16 0.00 0.58 0.00 0.97 -0.03 0.33 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 1.97 0.00 2.47 0.00 4.57 7.45 1.10 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 1.96 0.00 2.42 0.00 4.57 7.46 1.09 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 136.19% 120.04% 245.21% 175.80% 105.28% 107.74% 276.63% 704.70% 351.98% 158.84%
Augmented Payout Ratio		 136.19% 120.04% 245.21% 175.80% 105.28% 108.47% 276.63% 704.70% 351.98% 158.84%

Quarterly Metrics and Ratios for Welltower

This table displays calculated financial ratios and metrics derived from Welltower's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 7.61% 79.14% 22.51% 12.52% 137.20% -79.06% 9.72% 11.78% -39.44% 568.46%
EBITDA Growth		 3.60% -2.04% 6.70% 19.06% 31.64% 17.07% 33.60% -4.51% 21.91% 47.91%
EBIT Growth		 -85.54% -101.93% -28.69% 41.16% 999.22% 1,277.73% 262.72% -44.46% 27.27% 675.69%
NOPAT Growth		 -92.71% -83.70% -27.21% 41.90% 977.12% 748.41% 276.99% -43.85% 178.74% 18.32%
Net Income Growth		 -101.39% -97.28% -56.45% 11.15% 5,178.10% 4,818.80% 359.70% 145.12% 239.07% 39.93%
EPS Growth		 -102.38% -123.08% -64.29% 0.00% 5,100.00% -200.00% 340.00% 110.00% 46.00% 322.22%
Operating Cash Flow Growth		 0.82% -10.57% 15.88% 5.43% 23.33% 46.22% 8.18% 45.45% 56.01% 50.93%
Free Cash Flow Firm Growth		 -443.37% -37.48% -32.72% 23.70% -8.51% -116.71% -116.37% -71.30% -73.50% 3.57%
Invested Capital Growth		 11.67% 8.49% 8.42% 9.38% 11.51% 17.15% 16.95% 14.25% 18.09% 14.17%
Revenue Q/Q Growth		 -0.79% 42.99% 13.25% -3.05% 109.14% -87.38% 18.03% -1.22% 13.31% 39.34%
EBITDA Q/Q Growth		 -11.33% -7.34% 11.13% 30.40% -1.96% -17.59% 7.73% -6.80% 25.16% -0.02%
EBIT Q/Q Growth		 -87.82% -109.84% 3,039.21% 300.87% -5.17% -89.46% 57.61% -38.62% 117.32% -35.76%
NOPAT Q/Q Growth		 -94.01% 73.08% 221.58% 325.76% -54.55% 36.33% 42.89% -36.58% 125.63% -42.13%
Net Income Q/Q Growth		 -102.77% 167.77% 1,492.60% 271.37% 26.69% -34.35% 48.84% 98.03% 75.24% -72.91%
EPS Q/Q Growth		 -105.00% -200.00% 266.67% 300.00% 150.00% -118.00% 29.41% 90.91% 73.81% -72.60%
Operating Cash Flow Q/Q Growth		 -9.83% -28.82% 48.41% 10.69% 5.48% -15.61% 9.80% 48.82% 13.14% -18.36%
Free Cash Flow Firm Q/Q Growth		 9.46% 24.48% -0.01% -11.57% -28.77% -50.82% 0.15% 11.67% -30.42% 16.17%
Invested Capital Q/Q Growth		 1.86% 1.08% 1.71% 4.45% 3.85% 6.19% 1.53% 2.04% 7.34% 2.66%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 28.16% 18.25% 24.79% 33.34% 15.63% 102.00% 30.18% 28.48% 31.45% 22.57%
EBIT Margin		 0.99% -0.07% 2.44% 10.07% 4.57% 3.81% 8.05% 5.00% 9.59% 4.42%
Profit (Net Income) Margin		 -0.20% 0.09% 1.83% 7.03% 4.26% 22.14% 7.69% 15.41% 23.83% 4.63%
Tax Burden Percent		 -42.53% 26.51% 75.35% 69.80% 186.51% 101.12% 93.42% 288.25% 248.44% 113.28%
Interest Burden Percent		 47.46% -524.59% 100.00% 100.00% 50.00% 574.36% 102.22% 106.88% 100.00% 92.48%
Effective Tax Rate		 52.21% -60.27% 8.01% 2.30% 6.35% -5.45% 4.39% 1.22% -2.56% 0.10%
Return on Invested Capital (ROIC)		 0.07% 0.10% 0.36% 1.56% 0.43% 3.93% 1.20% 0.77% 1.16% 0.72%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.01% 0.03% 0.32% 1.28% 0.87% 3.90% 1.20% 1.95% 2.86% 0.82%
Return on Net Nonoperating Assets (RNNOA)		 0.01% 0.02% 0.23% 0.95% 0.61% 2.47% 0.70% 1.13% 1.65% 0.43%
Return on Equity (ROE)		 0.08% 0.12% 0.59% 2.50% 1.04% 6.40% 1.90% 1.89% 2.81% 1.16%
Cash Return on Invested Capital (CROIC)		 -10.37% -7.67% -7.63% -8.42% -10.19% -14.92% -14.51% -12.36% -15.43% -12.07%
Operating Return on Assets (OROA)		 0.14% -0.01% 0.37% 1.52% 0.88% 0.62% 1.20% 0.74% 1.08% 0.74%
Return on Assets (ROA)		 -0.03% 0.02% 0.28% 1.06% 0.82% 3.59% 1.14% 2.29% 2.69% 0.78%
Return on Common Equity (ROCE)		 0.07% 0.11% 0.55% 2.37% 0.99% 6.12% 1.82% 1.83% 2.73% 1.13%
Return on Equity Simple (ROE_SIMPLE)		 1.17% 0.00% 0.60% 0.63% 1.18% 0.00% 1.67% 2.12% 3.09% 0.00%
Net Operating Profit after Tax (NOPAT)		 6.28 11 35 149 68 92 132 84 189 109
NOPAT Margin		 0.47% 0.57% 2.24% 9.84% 2.14% 23.09% 7.70% 4.94% 9.84% 4.09%
Net Nonoperating Expense Percent (NNEP)		 0.06% 0.06% 0.04% 0.27% -0.43% 0.03% 0.00% -1.18% -1.70% -0.09%
SG&A Expenses to Revenue		 0.00% 0.00% 61.37% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 98.98% 99.52% 97.52% 89.77% 95.31% 95.56% 91.89% 94.69% 90.19% 95.59%
Earnings before Interest and Taxes (EBIT)		 13 -1.29 38 152 144 15 138 85 184 118
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 376 348 387 504 495 408 517 482 603 603
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.47 1.45 1.65 1.83 1.80 1.86 1.80 2.14 2.57 2.46
Price to Tangible Book Value (P/TBV)		 1.64 1.61 1.84 2.03 1.98 2.03 1.95 2.32 2.79 2.67
Price to Revenue (P/Rev)		 5.61 5.01 6.01 6.72 5.44 7.11 8.01 9.74 15.26 9.82
Price to Earnings (P/E)		 138.17 207.89 321.81 329.13 164.09 138.83 112.08 104.47 85.18 82.46
Dividend Yield		 4.02% 3.93% 3.54% 3.90% 3.82% 2.77% 2.64% 2.35% 1.95% 2.03%
Earnings Yield		 0.72% 0.48% 0.31% 0.30% 0.61% 0.72% 0.89% 0.96% 1.17% 1.21%
Enterprise Value to Invested Capital (EV/IC)		 1.24 1.23 1.35 1.40 1.40 1.47 1.46 1.69 1.94 1.89
Enterprise Value to Revenue (EV/Rev)		 8.79 7.56 8.77 9.26 7.28 9.32 10.06 11.60 17.74 11.37
Enterprise Value to EBITDA (EV/EBITDA)		 29.07 29.33 32.10 33.18 31.97 34.49 32.35 38.81 45.15 41.23
Enterprise Value to EBIT (EV/EBIT)		 182.72 255.87 312.15 265.03 166.21 176.66 138.29 193.02 215.15 173.29
Enterprise Value to NOPAT (EV/NOPAT)		 198.96 267.06 317.58 271.13 211.33 179.94 140.30 192.13 179.66 174.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 32.46 33.33 35.68 38.23 37.34 38.61 38.11 40.49 43.86 40.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.74 0.68 0.69 0.72 0.66 0.60 0.50 0.47 0.51 0.48
Long-Term Debt to Equity		 0.71 0.68 0.69 0.72 0.66 0.60 0.50 0.47 0.51 0.48
Financial Leverage		 0.74 0.71 0.72 0.74 0.70 0.63 0.58 0.58 0.58 0.53
Leverage Ratio		 1.84 1.80 1.81 1.82 1.79 1.71 1.66 1.65 1.65 1.61
Compound Leverage Factor		 0.87 -9.46 1.81 1.82 0.89 9.85 1.69 1.76 1.65 1.49
Debt to Total Capital		 42.47% 40.48% 40.93% 41.88% 39.93% 37.37% 33.23% 31.94% 33.66% 32.24%
Short-Term Debt to Total Capital		 1.84% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 40.63% 40.48% 40.93% 41.88% 39.93% 37.37% 33.23% 31.94% 33.66% 32.24%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 3.62% 3.06% 3.14% 2.59% 2.18% 2.30% 2.34% 1.63% 1.56% 1.28%
Common Equity to Total Capital		 53.91% 56.47% 55.93% 55.53% 57.89% 60.33% 64.44% 66.42% 64.78% 66.47%
Debt to EBITDA		 9.95 9.63 9.75 9.90 9.13 8.77 7.39 7.33 7.85 7.03
Net Debt to EBITDA		 9.67 9.16 9.34 8.48 7.58 7.62 6.10 5.83 5.96 5.35
Long-Term Debt to EBITDA		 9.52 9.63 9.75 9.90 9.13 8.77 7.39 7.33 7.85 7.03
Debt to NOPAT		 68.13 87.74 96.48 80.91 60.36 45.79 32.03 36.30 31.22 29.71
Net Debt to NOPAT		 66.21 83.38 92.36 69.27 50.12 39.74 26.45 28.84 23.73 22.60
Long-Term Debt to NOPAT		 65.18 87.74 96.48 80.91 60.36 45.79 32.03 36.30 31.22 29.71
Noncontrolling Interest Sharing Ratio		 6.72% 6.09% 5.96% 5.48% 4.86% 4.33% 4.28% 3.28% 2.90% 2.69%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3,711 -2,802 -2,803 -3,127 -4,027 -6,073 -6,064 -5,357 -6,986 -5,856
Operating Cash Flow to CapEx		 130.75% 100.00% 127.09% 109.18% 144.58% 81.42% 127.35% 196.88% 171.87% 172.90%
Free Cash Flow to Firm to Interest Expense		 -26.57 0.00 0.00 -20.53 -25.72 0.00 -41.16 -40.15 -50.24 0.00
Operating Cash Flow to Interest Expense		 2.55 0.00 0.00 2.73 2.80 0.00 2.76 4.54 4.93 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.60 0.00 0.00 0.23 0.86 0.00 0.59 2.23 2.06 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.14 0.16 0.15 0.15 0.19 0.16 0.15 0.15 0.11 0.17
Fixed Asset Turnover		 0.17 0.20 0.19 0.19 0.24 0.20 0.19 0.19 0.15 0.22
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 35,559 35,942 36,557 38,184 39,653 42,107 42,753 43,624 46,828 48,073
Invested Capital Turnover		 0.15 0.17 0.16 0.16 0.20 0.17 0.16 0.16 0.12 0.18
Increase / (Decrease) in Invested Capital		 3,717 2,813 2,838 3,276 4,094 6,165 6,196 5,440 7,175 5,966
Enterprise Value (EV)		 44,098 44,282 49,249 53,589 55,436 61,841 62,216 73,761 90,698 90,883
Market Capitalization		 28,134 29,357 33,778 38,909 41,424 47,214 49,489 61,977 77,989 78,478
Book Value per Share		 $41.37 $42.95 $41.68 $42.66 $44.25 $47.40 $47.99 $48.46 $49.80 $51.32
Tangible Book Value per Share		 $37.08 $38.69 $37.48 $38.60 $40.34 $43.36 $44.11 $44.68 $45.96 $47.23
Total Capital		 35,559 35,942 36,557 38,184 39,653 42,107 42,753 43,624 46,828 48,073
Total Debt		 15,101 14,548 14,961 15,991 15,834 15,736 14,205 13,936 15,764 15,500
Total Long-Term Debt		 14,446 14,548 14,961 15,991 15,834 15,736 14,205 13,936 15,764 15,500
Net Debt		 14,676 13,826 14,322 13,692 13,148 13,659 11,727 11,072 11,979 11,789
Capital Expenditures (CapEx)		 272 253 296 381 304 455 319 308 399 323
Net Nonoperating Expense (NNE)		 8.93 9.07 6.32 43 -67 3.79 0.16 -177 -268 -15
Net Nonoperating Obligations (NNO)		 15,101 14,548 14,961 15,991 15,834 15,736 14,205 13,936 15,764 15,500
Total Depreciation and Amortization (D&A)		 363 349 349 352 350 392 379 397 419 485
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.01) ($0.02) $0.05 $0.21 $0.24 ($0.10) $0.22 $0.42 $0.74 $0.20
Adjusted Weighted Average Basic Shares Outstanding		 463.37M 462.19M 492.06M 499.02M 521.85M 515.63M 574.05M 600.55M 611.29M 602.98M
Adjusted Diluted Earnings per Share		 ($0.01) ($0.03) $0.05 $0.20 $0.24 ($0.09) $0.22 $0.42 $0.73 $0.20
Adjusted Weighted Average Diluted Shares Outstanding		 463.37M 465.16M 494.49M 501.97M 525.14M 518.70M 577.53M 604.56M 618.31M 608.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 472.52M 490.64M 497.03M 518.73M 535.97M 568.88M 597.92M 609.15M 622.69M 641.31M
Normalized Net Operating Profit after Tax (NOPAT)		 12 20 180 151 75 72 173 88 138 115
Normalized NOPAT Margin		 0.92% 1.04% 11.55% 9.99% 2.36% 17.95% 10.12% 5.18% 7.22% 4.30%
Pre Tax Income Margin		 0.47% 0.36% 2.44% 10.07% 2.28% 21.89% 8.23% 5.35% 9.59% 4.09%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.09 0.00 0.00 1.00 0.92 0.00 0.94 0.63 1.32 0.00
NOPAT to Interest Expense		 0.05 0.00 0.00 0.98 0.43 0.00 0.89 0.63 1.36 0.00
EBIT Less CapEx to Interest Expense		 -1.86 0.00 0.00 -1.50 -1.02 0.00 -1.23 -1.67 -1.54 0.00
NOPAT Less CapEx to Interest Expense		 -1.90 0.00 0.00 -1.53 -1.51 0.00 -1.27 -1.68 -1.51 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 488.41% 704.70% 938.56% 883.73% 449.55% 351.98% 284.64% 223.45% 156.30% 158.84%
Augmented Payout Ratio		 488.41% 704.70% 938.56% 883.73% 449.55% 351.98% 284.64% 223.45% 156.30% 158.84%

Frequently Asked Questions About Welltower's Financials

When does Welltower's fiscal year end?

According to the most recent income statement we have on file, Welltower's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Welltower's net income changed over the last 9 years?

Welltower's net income appears to be on a downward trend, with a most recent value of $972.86 million in 2024, rising from $888.55 million in 2015. The previous period was $358.14 million in 2023.

How has Welltower revenue changed over the last 9 years?

Over the last 9 years, Welltower's total revenue changed from $3.37 billion in 2015 to $7.99 billion in 2024, a change of 137.3%.

How much debt does Welltower have?

Welltower's total liabilities were at $18.47 billion at the end of 2024, a 4.7% increase from 2023, and a 35.2% increase since 2015.

How much cash does Welltower have?

In the past 9 years, Welltower's cash and equivalents has ranged from $215.38 million in 2018 to $3.51 billion in 2024, and is currently $3.51 billion as of their latest financial filing in 2024.

How has Welltower's book value per share changed over the last 9 years?

Over the last 9 years, Welltower's book value per share changed from 38.39 in 2015 to 51.32 in 2024, a change of 33.7%.

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This page (NYSE:WELL) was last updated on 4/15/2025 by MarketBeat.com Staff
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