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Companies / Real Estate / Welltower
WELL

Welltower

Real EstateREITsS&P 500
Ticker WELLTOLEDO, OHFiscal year ends DecemberBook value per share $63.40Diluted shares 732.1M

Welltower Inc. (NYSE: WELL) is a real estate investment trust focused on seniors and wellness housing and post-acute care properties in the United States, United Kingdom and Canada. Its communities serve older adults and mature renters, while its healthcare properties are leased to operators and providers. Welltower… From the company’s description.

In fiscal 2025, Welltower reported revenue of $10.84B, up 35.6% from fiscal 2024, and net income of $961.84M. Operations generated $2.88B in cash. Over the twelve months to Jun 30, 2026, revenue was $12.76B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$10.84BFY2025
+35.6% year over year
Last 12 mo $12.76B
0.00%FY2025
$961.84MFY2025
−1.1% year over year
Last 12 mo $1.62B
2.51%FY2025
−0.8 percentage points
Last 12 mo 3.34%
Cash & financing
$2.88BFY2025
+27.7% year over year
Last 12 mo $3.19B
$1.83BFY2025
+30.9% year over year
Last 12 mo $2.02B
0.46FY2025
Was 0.49× a year earlier
Last 12 mo 0.38
679.5MFY2025
+11.6% year over year
Last 12 mo 732.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Welltower does

In the company’s own words

Welltower Inc. (NYSE: WELL) is a real estate investment trust focused on seniors and wellness housing and post-acute care properties in the United States, United Kingdom and Canada. Its communities serve older adults and mature renters, while its healthcare properties are leased to operators and providers. Welltower evaluates its business through three reportable segments: Seniors Housing Operating, which manages communities through operating partners and generated 78% of 2025 revenue; Triple-net, which leases properties to operators and generated 11%; and Outpatient Medical, which includes medical buildings leased primarily to healthcare providers and generated 7%. The portfolio includes independent and assisted living, memory care, continuing care retirement communities, care homes, skilled nursing facilities and outpatient medical buildings. As of December 31, 2025, Welltower’s portfolio comprised more than 2,500 seniors and wellness housing communities, and the company had 712 employees. Its business is conducted primarily through Welltower OP LLC under an umbrella partnership structure. Its website is www.welltower.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
TOLEDO, OH
Fiscal year end
December
CIK
766704
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.28B$2.55B$6.38B$10.21B$14.04B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Welltower — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

931
funds hold it
0 of 35
superinvestors hold it
$70.17B
held by funds, at market
44.0%
of shares held by funds
19
bond issues held by funds

Largest fund holders · Welltower’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.22%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.25%of fund net assets
—of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.25%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Welltower’s bonds, as funds hold them

Funds report holding 19 issues of Welltower’s debt, $2.32B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.70%, maturing 2027 to 2048.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Welltower and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Welltower's last four quarterly filings that the numbers alone won't show?”
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