WELLTOWER INC.

10-K & 10-Q Filings

Welltower Inc. is a real estate investment trust (REIT) headquartered in Toledo, Ohio, focused on investing in seniors housing and health care real estate. The company's primary objectives are to protect stockholder capital and enhance stockholder value by paying consistent cash dividends and creating opportunities to increase dividend payments. Welltower's portfolio consists of seniors housing operating, triple-net, and outpatient medical properties. The seniors housing operating segment includes properties with various levels of care, such as independent living, assisted living, and memory care, and is managed through partnerships with operators. The triple-net segment includes properties leased to operators under long-term, triple-net master leases, and the outpatient medical segment consists of self-managed properties leased to health care providers. Welltower's website is www.welltower.com, and its ticker symbol is WELL.

12 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1822.10
2880.61
3343.55
3859.83
4281.16
4316.64
4700.50
5121.31
4742.11
5860.61
6637.99
1560.73
1859.74
12.47%19.16%Cost of Revenue (-)
$597.13
1208.92
1403.36
1622.26
1887.20
2146.89
2433.02
2708.73
2774.56
3558.77
3947.78
957.75
1096.91
18.73%14.53%Gross Profit (+)
$1224.97
1671.69
1940.19
2237.57
2393.96
2169.75
2267.48
2412.57
1967.55
2301.84
2690.22
602.98
762.83
7.41%26.51%Selling, General & Administrative (-)
$97.34
108.32
142.94
147.42
155.24
122.01
126.38
126.55
126.73
150.39
179.09
44.37
53.32
5.70%20.16%Depreciation & Amortization (-)
$515.89
865.80
844.13
826.24
901.24
921.72
950.46
1027.07
1037.57
1310.37
1401.10
339.11
365.86
9.51%7.89%Non-recurring Operating Expenses (-)
$90.90
133.40
69.54
113.15
80.12
124.48
115.58
28.13
51.11
17.50
36.10
12.63
43.33
-8.05%243.11%Operating Expenses (-)
$1636.45
2778.36
2959.33
3223.71
3571.91
4017.03
4277.01
1234.37
1796.80
2128.78
2340.17
564.97
621.93
3.31%10.08%Costs & Expenses (Total) (-)
$1303.08
2320.91
2324.62
2416.48
2669.30
3150.91
3734.32
4578.41
4571.36
5687.55
6287.95
1522.72
1718.84
15.38%12.88%Operating Income/Loss (+)
$544.21
572.35
903.73
1126.04
1255.72
906.89
962.80
542.89
170.75
173.06
350.05
38.00
140.90
-3.93%270.75%Non-operating Income/Expense (+)
$8.53
-11.75
-38.48
2.25
-25.12
-122.65
-12.72
-37.32
-107.21
-30.30
-51.33
-8.01
-4.74
40.86%Interest Expense (-)
$367.08
458.36
481.04
492.17
521.35
484.62
526.59
555.56
489.85
529.52
607.85
144.40
147.32
4.69%2.02%Earnings before Tax (+)
$185.65
102.25
384.21
636.12
709.25
299.62
423.49
542.89
170.75
173.06
350.05
38.00
140.90
5.93%270.75%Tax Expense (-)
$7.61
-7.49
-1.27
6.45
-19.13
20.13
8.67
2.96
8.71
7.25
6.36
3.04
6.19
-1.61%103.32%Income/Loss (Continuing Operations) (+)
$180.52
86.57
358.05
608.16
718.02
196.36
829.75
1330.41
374.48
160.57
358.14
28.64
131.63
6.43%359.70%Income/Loss (Discontinued Operations) (+)
$114.32
51.71
7.13
Profit/Loss (+)
$294.84
138.28
512.30
888.55
1082.07
540.61
829.75
1330.41
374.48
160.57
358.14
28.64
131.63
1.78%359.70%Net Income/Loss (NCI) (-)
$-2.42
-6.77
0.15
4.80
4.27
17.84
24.80
97.98
38.34
19.35
18.05
2.96
4.49
51.52%Net Income/Loss (+)
$221.88
78.71
446.75
818.34
1012.40
463.60
758.25
1232.43
336.14
141.21
340.09
25.67
127.15
3.96%395.25%Preferred & Other Distributions (-)
$75.37
66.34
65.41
65.41
65.41
59.18
46.70
Net Income/Loss (Common) (+)
$221.88
78.71
446.75
818.34
1012.40
463.60
758.25
1232.43
336.14
141.21
340.09
25.67
127.15
3.96%395.25%EPS (Basic)
$0.99
0.28
1.46
2.35
2.83
1.26
2.03
3.07
0.79
0.31
0.66
0.05
0.22
-3.62%340.00%EPS (Diluted)
$0.98
0.28
1.45
2.34
2.81
1.26
2.02
3.05
0.78
0.30
0.66
0.05
0.22
-3.53%340.00%Weighted Avg Shares (Basic)
224.34
276.93
306.27
348.24
358.27
367.24
373.62
401.85
424.98
462.19
515.63
492.06
574.05
7.86%16.66%Weighted Avg Shares (Diluted)
225.95
278.76
307.75
349.42
360.23
369.00
375.25
403.81
426.84
465.16
518.70
494.49
577.53
7.85%16.79%Cash
$1033.76
158.78
473.73
360.91
419.38
243.78
215.38
284.92
1545.05
269.26
631.68
1993.65
571.90
2388.49
6.15%317.64%Receivables
$
395.56
342.58
389.17
367.09
466.22
344.07
365.64
322.17
443.80
357.36
469.98
31.51%Securities & Long-term Investments
$17423.01
21680.22
22851.20
26888.69
26563.63
26171.08
28420.77
31119.27
28474.95
32287.11
34139.82
38775.91
34673.77
38757.45
7.54%11.78%Goodwill & Intangibles
$68.32
68.32
68.32
68.32
68.32
68.32
68.32
68.32
68.32
68.32
68.32
68.32
68.32
68.32
0.00%0.00%Other Assets
$1024.02
1176.63
1621.05
1310.37
1471.28
1072.10
1270.51
1442.02
2051.26
1919.99
2731.24
2730.49
2822.54
2869.35
9.33%1.66%Assets (Total)
$19549.11
23083.96
25014.30
29023.85
28865.18
27944.44
30342.07
33380.75
32483.64
34910.32
37893.23
44012.17
38493.89
44553.58
7.66%15.74%Debt (Non-current)
$8531.90
10652.01
10828.01
12967.69
12358.25
11731.94
13297.14
14915.07
13798.72
14130.95
14548.09
15735.55
14961.07
14205.15
5.72%-5.05%Other Liabilities
$462.10
640.57
626.82
697.19
1225.47
1287.06
1458.33
1959.05
1803.35
2182.79
2335.59
1904.89
2328.86
1800.53
13.74%-22.69%Liabilities (Total)
$8994.00
11292.59
11454.84
13664.88
13583.71
13018.99
14755.47
16874.12
15602.07
16313.75
16883.68
17640.44
17289.93
16005.68
6.32%-7.43%Treasury Stock
$17.88
21.26
35.24
44.37
54.74
64.56
68.50
78.95
104.49
107.75
111.00
111.58
112.92
114.84
18.11%1.70%Retained Earnings
$2184.82
2329.87
2842.02
3725.77
4803.57
5316.58
6121.53
7353.97
8327.60
8663.74
8804.95
9145.04
8830.62
9272.19
13.90%5.00%AOCI
$-11.03
-24.53
-77.01
-88.24
-169.53
-111.47
-129.77
-112.16
-148.50
-121.32
-119.71
-163.16
-111.56
-180.84
-62.10%Shareholder's Equity
$10520.52
11756.33
13473.05
15175.89
15281.47
14925.45
15586.60
16506.63
16881.57
18596.58
21009.55
26081.12
21203.96
28246.99
8.60%33.22%Liabilities & Equity
$19549.11
23083.96
25014.30
29023.85
28865.18
27944.44
30342.07
33380.75
32483.64
34910.32
37893.23
44012.17
38493.89
44553.58
7.66%15.74%Net Income/Loss
$294.84
138.28
512.30
888.55
1082.07
540.61
829.75
1330.41
1038.85
374.48
160.57
358.14
28.64
131.63
1.78%359.70%Depreciation & Amortization
$548.77
882.06
851.10
831.23
910.06
938.24
967.46
1043.90
1051.65
1056.71
1338.60
1443.75
348.90
378.97
9.19%8.62%Increase/Decrease in Working Capital
$-19.93
-19.99
74.02
17.62
14.11
-50.30
-76.59
92.49
31.82
44.56
140.58
76.41
-1.89
71.76
3898.99%Share-based Compensation
$18.52
20.18
32.08
30.84
28.87
19.10
27.65
25.05
28.32
17.81
26.15
37.20
9.46
12.05
6.55%27.41%Adjustments to Reconcile Net Income
$523.29
850.22
626.37
484.92
546.62
893.56
754.19
205.56
325.90
900.85
1168.14
1243.72
347.42
275.17
8.19%-20.80%Net Cash (Operating)
$818.13
988.50
1138.67
1373.47
1628.69
1434.18
1583.94
1535.97
1364.76
1275.33
1328.71
1601.86
376.06
406.81
6.30%8.18%Capital Expenditure
$2962.57
-4386.85
1984.87
3139.23
519.21
24.61
2582.23
2240.98
-2538.79
4110.42
3716.45
5337.64
811.45
486.03
5.50%-40.10%Net Cash (Investing)
$-3592.98
-3531.59
-2126.21
-3484.16
-309.50
154.58
-2386.47
-2048.79
2347.93
-4516.27
-3703.82
-5707.74
-932.84
-580.93
37.72%Increase/Decrease in Debt
$796.39
783.67
46.47
1382.90
-466.05
-826.07
1484.78
1139.13
-1198.24
320.76
371.30
655.04
323.33
-1481.45
-1.76%-558.19%Increase/Decrease in Equity
$4126.83
1841.13
2327.09
1744.21
512.00
280.15
759.88
971.98
548.57
2274.47
3662.79
6002.91
404.59
2416.48
3.47%497.27%Interest Expenses
$-369.51
-447.11
-504.17
492.77
541.54
488.26
509.31
589.81
525.93
512.09
562.16
679.28
158.73
162.82
2.57%Dividends Paid
$
1131.53
1260.58
300.19
352.18
17.32%Net Cash (Financing)
$3645.13
1667.67
1303.17
2006.45
-1240.45
-1913.53
818.37
577.15
-2080.86
1567.66
2761.28
5448.65
470.47
578.57
3.72%22.98%Cash Taxes Paid
$-3.07
-12.11
-18.55
12.21
8.01
10.41
2.25
14.34
13.67
-4.81
3.44
7.68
0.33
3.26
902.77%Effect of Exchange Rate
$
0.44
-0.69
-8.57
-20.27
26.85
-9.02
5.31
3.45
-1.01
-10.63
11.03
2.81
-2.19
-177.85%Increase/Decrease in Cash
$870.28
-874.98
314.95
-112.82
58.47
-297.92
6.83
69.64
1635.28
-1674.29
375.54
1353.79
-83.50
402.25
4.10%581.76%Cash (Beginning)
$163.48
1033.76
158.78
473.73
360.91
309.30
316.13
385.77
2021.04
346.75
722.29
722.29
2076.08
14.46%187.43%Cash (Ending)
$1033.76
158.78
473.73
360.91
419.38
316.13
385.77
2021.04
346.75
722.29
2076.08
638.80
2478.34
6.54%287.97%NOPAT
$544.21
572.35
903.73
1126.04
1255.72
906.89
962.80
542.89
170.75
173.06
350.05
38.00
140.90
-3.93%270.75%Gross Margin %
67.23%
58.03%
58.03%
57.97%
55.92%
50.26%
48.24%
47.11%
41.49%
39.28%
40.53%
38.63%
41.02%
Operating Margin %
29.87%
19.87%
27.03%
29.17%
29.33%
21.01%
20.48%
10.60%
3.60%
2.95%
5.27%
2.44%
7.58%
NOPAT Margin %
29.87%
19.87%
27.03%
29.17%
29.33%
21.01%
20.48%
10.60%
3.60%
2.95%
5.27%
2.44%
7.58%
Net Margin %
12.18%
2.73%
13.36%
21.20%
23.65%
10.74%
16.13%
24.06%
7.09%
2.41%
5.12%
1.64%
6.84%
ROA
2.78%
2.48%
3.61%
3.88%
4.35%
3.25%
3.17%
1.63%
0.49%
0.46%
0.80%
0.10%
0.32%
ROE
5.17%
4.87%
6.71%
7.42%
8.22%
6.08%
6.18%
3.29%
0.92%
0.82%
1.34%
0.18%
0.50%
Equity Multiplier
1.86
1.96
1.86
1.91
1.89
1.87
1.95
2.02
1.92
1.88
1.80
1.69
1.82
1.58
Debt/Equity Ratio
0.81
0.91
0.80
0.85
0.81
0.79
0.85
0.90
0.82
0.76
0.69
0.60
0.71
0.50
Dividend Payout Ratio %
653.83%
360.12%
789.90%
249.95%
Total Payout
$-5292.73
-3071.91
-2877.72
-2634.34
495.59
1034.18
-1735.36
-1521.30
1175.59
-2083.13
-2340.40
-4718.09
-268.99
-420.02
-56.15%Payout Ratio %
-972.56%
-536.72%
-318.43%
-233.95%
39.47%
114.04%
-180.24%
-280.22%
-1219.99%
-1352.35%
-1347.84%
-707.78%
-298.10%