Stocks Real estate WELL
NYSE · Real estateWelltower Inc. (WELL)
Welltower Inc. brought in $11.8B of revenue over the twelve months to March 31, 2026, up 37.6% from a year earlier. Net income was $1.4B, a net margin of 12.0%. Operating cash flow minus capital spending left $1.8B of free cash flow in fiscal 2025. At March 31, 2026 it held $4.7B in cash against $17.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 28, 2026.
Key facts about Welltower Inc.
- Net worth
- Welltower Inc. has a market value (market cap) of $166B at the latest share price, and shareholders' equity of $43.8B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $10.8B (+35.6% year on year), with net income of $936.8M. Over the 12 months to March 31, 2026: revenue $11.8B, net income $1.4B.
- Cash flow
- In fiscal 2025 operations brought in $2.9B of cash; after $1.1B of capital spending, free cash flow was $1.8B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 28, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Welltower Inc.'s next report is expected around October 26, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Welltower Inc. paid dividends of $2.82 per share in fiscal 2025, a yield of 1.22% at the current price.
What Welltower Inc. does
Welltower is a real estate investment trust that owns and manages healthcare infrastructure. The company acquires and develops senior living communities, assisted living facilities, post-acute care centers, and outpatient medical buildings. It leases these properties to healthcare providers, senior housing operators, and health systems. Its shares trade on NYSE under the ticker WELL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $10.8B | $936.8M | $1.39 | $1.8B |
| 2024 | $8B | $951.7M | $1.57 | $1.4B |
| 2023 | $6.6B | $340.1M | $0.66 | $1.1B |
| 2022 | $5.9B | $141.2M | $0.30 | $852.7M |
| 2021 | $4.7B | $336.1M | $0.78 | $992.7M |
| 2020 | $4.6B | $978.8M | $2.33 | $1.1B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WELL ranks in Real estate
Dividends
Welltower Inc. paid $2.82 per share in fiscal 2025. At the current price that is a yield of 1.22%. It paid out $1.9B in cash dividends, 200% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.82 | $1.9B | 200% |
| 2024 | $2.56 | $1.5B | 162% |
| 2023 | $2.44 | $1.3B | 370% |
| 2022 | $2.44 | $1.1B | 802% |
| 2021 | $2.44 | $1B | 309% |
| 2020 | $2.70 | $1.1B | 114% |
Latest SEC filings
What Welltower Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 7, 2026Passive stake changed SCHEDULE 13G/A
- July 28, 2026Other event 8-K
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026
- July 27, 2026
- July 13, 2026Other event 8-K
- June 1, 2026
- May 22, 2026
- May 15, 2026Passive stake (5% or more) SCHEDULE 13G
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
What is WELL worth? A DCF from its reported cash flow
Insider trades
What the people running Welltower Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $2.4M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 26, 2026 | Gundlach AndrewDirector | Boughtindirect | 2,500 | $605.2K |
| August 26, 2026 | Gundlach AndrewDirector | Boughtindirect | 2,500 | $605.2K |
| August 25, 2026 | Gundlach AndrewDirector | Boughtindirect | 2,500 | $598.7K |
| August 25, 2026 | Gundlach AndrewDirector | Boughtindirect | 2,500 | $598.7K |
| August 20, 2026 | Lopez Dennis GDirector | Received as pay | 73 | $17.3K |
| June 26, 2026 | Mitra ShankhCEO, Director | Gave as a gift | 3,852 | - |
| May 31, 2026 | Mitra ShankhCEO, Director | Received as pay | 17 | $2.9K |
| May 29, 2026 | McHugh TimothyCo-President and CFO | Received as pay | 11 | $1.9K |
Who owns WELL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.55% | April 30, 2026 |
| Capital International Investors13G, passive | 6.1% | November 13, 2024 |
| Vanguard Portfolio Management13G, passive | 6.01% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,592 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 78,049,214 | +4,045,458 |
| Vanguard Capital Management LLC | 46,118,974 | +766,540 |
| Vanguard Portfolio Management LLC | 43,449,568 | +1,586,519 |
| State Street Corp | 42,138,810 | +578,033 |
| Capital International Investors | 39,500,055 | +3,682,689 |
| Capital World Investors | 20,028,842 | +7,306,513 |
| Bank of America Corp | 19,496,361 | -2,254,140 |
| Fmr LLC | 19,451,466 | -2,724,517 |
| Norges Bank | 18,146,984 | new |
| Geode Capital Management, LLC | 17,685,516 | -82,373 |
| Wellington Management Group Llp | 15,179,324 | -1,770,752 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 10,624,243 | +1,855,321 |
| Principal Financial Group Inc | 9,814,621 | +207,966 |
| Morgan Stanley | 9,762,078 | +715,471 |
| Charles Schwab Investment Management Inc | 9,394,281 | +564,842 |
| Northern Trust Corp | 9,292,543 | +292,726 |
| Jpmorgan Chase & Co | 8,588,951 | -77,729 |
| Dimensional Fund Advisors LP | 8,479,319 | +134,297 |
| Goldman Sachs Group Inc | 8,135,502 | +1,401,371 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 7,948,735 | -222,139 |
Insiders
12 insiders reported holding 288,133 shares in total, about $66.4M at the last price.
| Holder | Shares |
|---|---|
| Mitra ShankhCEO, Director | 72,642 |
| McHugh TimothyCo-President and CFO | 47,307 |
| Gundlach AndrewDirector | 30,00030,000 held indirectly |
| Mcqueen Matthew GrantChief Legal Officer | 26,881 |
| Rivera SergioDirector | 26,611 |
| Fieweger JoshuaSVP, Chief Accounting Officer | 21,269 |
| Lopez Dennis GDirector | 18,598 |
| Spisso JohneseDirector | 16,057 |
| Bacon Kenneth JDirector | 14,306 |
| DeSalvo Karen BDirector | 12,370 |
Questions about WELL
What does Welltower Inc. do?
Welltower is a real estate investment trust that owns and manages healthcare infrastructure. The company acquires and develops senior living communities, assisted living facilities, post-acute care centers, and outpatient medical buildings. It leases these properties to healthcare providers, senior housing operators, and health systems. Its shares trade on NYSE under the ticker WELL.
What is Welltower Inc.'s net worth?
Welltower Inc. has a market value (market cap) of $166B at the latest share price, and shareholders' equity of $43.8B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Welltower Inc. profitable?
Yes. Over the twelve months to March 31, 2026 it reported net income of $1.4B on revenue of $11.8B, a net margin of 12.0%.
How much revenue does Welltower Inc. make?
Over the twelve months to March 31, 2026 Welltower Inc. reported revenue of $11.8B. That is 37.6% more than a year earlier.
When did Welltower Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 28, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 30, 2026.
When is Welltower Inc.'s next earnings report?
Welltower Inc.'s next report is expected around October 26, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Welltower Inc. pay a dividend?
Yes. Welltower Inc. paid dividends of $2.82 per share in fiscal 2025, a yield of 1.22% at the current price.
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Where the numbers come from
Financial figures are the values Welltower Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.