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WELLTOWER INC. (WELL)

As-reported financials and SEC filings for WELLTOWER INC. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About WELLTOWER INC.

Welltower Inc. is a real estate investment trust that focuses on rental housing for aging seniors in the United States, United Kingdom, and Canada. The company owns and invests in seniors housing, wellness housing, and post-acute care communities, including independent living, assisted living, Alzheimer's/dementia care, and skilled nursing facilities. Welltower serves older adults and mature renters by providing housing and healthcare-related services through various property types and partnerships.

Snapshot

Revenue
$8.45B
Revenue growth (YoY)
40.2%
Net income
$936.8M
Diluted EPS
$1.39
Gross margin
23.2%
Operating margin
Net margin
11.1%
FCF margin
ROE
2.2%
net income / fiscal-year-end equity
P/E
105.8×
trailing when available, otherwise FY EPS
Market cap
$169.98B
Long-term debt / equity
0.45×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Welltower

  • Revenue grew 40.2% to $8.5B in FY2025, faster than the 26.8% the year before.
  • Most recent quarter Q1 FY2026: revenue $2.8B, up 49.1% from Q1 FY2025.
  • Net income fell 1.6% to $937M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Welltower’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin23.2%
12th percentile of 27
Net margin11.1%
52nd percentile of 156
Revenue growth (YoY)+40.2%
98th percentile of 161
ROE2.2%
43rd percentile of 142
P/E105.8×
87th percentile of 109
Long-term debt / equity0.45×
8th percentile of 100
Short interest5.24d
60th percentile of 152

Welltower’s revenue growth of +40.2% ranks in the 98th percentile of the 161 REITs reporting it. Welltower’s long-term debt to equity of 0.45 ranks in the 8th percentile of the 100 REITs reporting it. Welltower’s gross margin of 23.2% ranks in the 12th percentile of the 27 REITs reporting it.

4 reported insider purchases (code P) totaling $2.4M in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+5 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$623.6M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$210.9M929.0KReduced
Citadel AdvisorsquantQ2 2026$127.4M561.2KReduced
Millennium ManagementquantQ2 2026$124.7M549.5KAdded
AQR Capital ManagementquantQ2 2026$105.9M467.4KAdded
Gotham Asset ManagementQ2 2026$47.1M207.5KReduced
Two Sigma InvestmentsquantQ2 2026$7.7M33.8KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
4
1 insider
Bought (90d)
$2.4M
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-26
filed 2026-08-27
Gundlach AndrewDirectorBuy2.5K$242.06$605K
2026-08-26
filed 2026-08-27
Gundlach AndrewDirectorBuy2.5K$242.06$605K
2026-08-25
filed 2026-08-27
Gundlach AndrewDirectorBuy2.5K$239.47$599K
2026-08-25
filed 2026-08-27
Gundlach AndrewDirectorBuy2.5K$239.47$599K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
17.8M
settled 2026-08-14
Change vs prior
+0.5%
vs previous settlement
Days to cover
5.24
at avg daily volume
Avg daily volume
3.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1417.8M+0.5%5.24
2026-07-3117.7M-7.2%5.92
2026-07-1519.1M-1.6%6.70
2026-06-3019.4M+4.4%4.54
2026-06-1518.6M+4.5%5.37
2026-05-2917.8M-4.8%3.99
2026-05-1518.6M+14.4%6.16
2026-04-3016.3M-4.6%5.61

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$8.45B$6.03B$4.75B$4.17B$3.20B
Gross profit$1.96B$1.20B$806.0M$614.9M$422.7M
Operating income
Net income$936.8M$951.7M$340.1M$141.2M$336.1M
Diluted EPS$1.39$1.57$0.66$0.30$0.78

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$5.03B$3.51B$1.99B$631.7M$269.3M
Current assets
Total assets$67.30B$51.04B$44.01B$37.89B$34.91B
Current liabilities
Long-term debt$19.20B$15.50B$15.74B$14.71B$13.91B
Total liabilities$24.10B$18.47B$17.64B$16.50B$15.91B
Total equity$42.94B$32.32B$26.08B$21.01B$18.60B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.88B$2.26B$1.60B$1.33B$1.28B
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$2.78B49.1%$752.3M$1.02
Q4 FY2025$2.56B45.1%$0.13
Q3 FY2025$2.06B36.4%$282.2M$0.41
Q2 FY2025$1.97B41.4%$304.6M$0.45
Q1 FY2025$1.86B37.1%$257.3M$0.40
Q4 FY2024$1.76B39.5%$0.18
Q3 FY2024$1.51B26.0%$456.8M$0.73
Q2 FY2024$1.39B20.2%$260.7M$0.42

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ1 FY2026 (ended March 31, 2026)
Oldest indexed filing2015
SEC CIK766704

Selected SEC filings

10-K2026-02-12
View on EDGAR →
10-K2025-02-12
View on EDGAR →
10-Q2026-07-28
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-07-29
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-07-27
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.