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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›WELL›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

WELLTOWER INC. (WELL) financials

Income statement

WELLTOWER INC. (WELL) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$4.28B$4.32B$4.70B$5.12B$4.61B$3.20B$4.17B$4.75B$6.03B$8.45B
Revenue growth—0.8%8.9%9.0%-10.1%-30.6%30.5%13.9%26.8%40.2%
Net income$1.08B$541M$830M$1.33B$1.04B$374M$161M$358M$973M$962M
Net margin25.3%12.5%17.7%26.0%22.6%11.7%3.8%7.5%16.1%11.4%
EPS (diluted)$2.81$1.26$2.02$3.05$2.33$0.78$0.30$0.66$1.57$1.39

Cash flow

WELLTOWER INC. (WELL) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.64B$1.43B$1.58B$1.54B$1.36B$1.28B$1.33B$1.60B$2.26B$2.88B
Share buybacks——$0.00$0.00$7.66M$0.00$0.00———
Dividends paid$1.23B$1.28B$1.30B$1.40B$1.12B$1.04B$1.13B$1.26B$1.55B$1.88B

Balance sheet

WELLTOWER INC. (WELL) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$419M$244M$382M$285M$1.55B$269M$632M$1.99B$3.51B$5.03B
Total assets$28.9B$27.9B$30.3B$33.4B$32.5B$34.9B$37.9B$44.0B$51.0B$67.3B
Total liabilities$13.2B$12.6B$14.3B$16.4B$15.3B$15.9B$16.5B$17.6B$18.5B$24.1B
Long-term debt$11.7B$11.0B$12.2B$13.4B$2.38B$13.9B$14.7B$15.7B$15.5B$19.2B
Shareholders' equity$14.8B$14.4B$14.6B$15.5B$16.0B$17.6B$20.3B$25.4B$32.0B$42.1B
Retained earnings—$5.32B$6.12B$7.35B$8.33B$8.66B$8.80B$9.15B$10.1B$11.0B
Shares (wtd avg diluted)360M369M375M404M417M427M465M519M609M680M

Every figure is extracted from WELLTOWER INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is WELLTOWER INC.'s annual revenue?
WELLTOWER INC. (WELL) reported $8.45B of revenue for fiscal year 2025 — up 40.2% from $6.03B in FY2024, per its annual report filed with the SEC.
Is WELLTOWER INC. profitable?
Yes — WELL earned $962M of net income in FY2025, a 11.4% net margin, per SEC filings.
Does WELL pay a dividend?
Yes — WELLTOWER INC. paid $1.88B in cash dividends during FY2025, per its SEC cash-flow statement.
Full WELL analysis — verdict, score & filings →Is WELL a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.