WELL - NYSE

Welltower Inc.

WELL·NYSE

$200.85

+2.8%

Real EstateREIT - Healthcare Facilities

Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The Company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$141.78B

EPS1.4100

P/E Ratio142.45

Earnings Date07/27/2026

2.88B

Operating Cash Flow

28%

3Y+117.0%

5Y+111.0%

10Y+76.0%

-10.51B

Investing Cash Flow

91%

3Y+184.0%

5Y-548.0%

10Y+3297.0%

9.00B

Financing Cash Flow

83%

3Y+226.0%

5Y-533.0%

10Y-820.0%

Welltower Inc. Cash Conversion Engine

WELL · NYSE

FCF Components

Net Income961.84M

Depreciation & Amortization2.14B

Stock-Based Compensation1.56B

Change in Working Capital-280.78M

Others-1.49B

Capital Expenditures-33.80M

Free Cash Flow2.85B

Cash Flow Quality Analysis

FCF Conversion Rate

296.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

1.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+29.5%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$280.78M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Welltower Inc. Cash Flow Statement

WELL • NYSE

Welltower Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
OPERATING ACTIVITIES
Net Income	961.8M	972.9M	340.1M	160.6M	374.5M	1B	1.3B	829.8M	540.6M	1.1B	888.5M	512.3M	138.3M	294.8M	212.7M	128.9M	192.9M	288.1M	141.4M	102.8M
Depreciation & Amortization	2.1B	1.7B	1.4B	1.3B	1.1B	1B	1B	970.1M	938.6M	910.4M	835.2M	851.8M	882.5M	548.9M	440.5M	219.7M	180.3M	173.1M	149.6M	97.6M
Change in Deferred Taxes	0.0	0.0	0.0	-7.2M	-94.8M	-780.6M	-663.9M	-287.3M	-34M	-290.4M	-279.8M	-109M	-26.4M	-31.7M	-50.1M	19.2M	28.5M	-130.6M	-7.1M	-7M
Stock-Based Compensation	1.6B	75.8M	37.2M	26.1M	17.8M	28.3M	25M	27.6M	19.1M	28.9M	30.8M	32.1M	20.2M	18.5M	10.8M	11.8M	9.6M	8.5M	7.1M	7M
Other Non-Cash Items	-1.5B	-429.9M	-100.1M	-47.1M	-30.8M	60.3M	-106.3M	-32.9M	-80.4M	-88.1M	-92.9M	-74.6M	-46.1M	-32.4M	-31.6M	-6.6M	6.3M	-17.1M	-10.8M	16.7M
Cash Taxes Paid	(22.8M)	(8.4M)	(7.7M)	(3.4M)	(4.8M)	(13.7M)	(14.3M)	(2.3M)	(10.4M)	(8M)	(12.2M)	(18.5M)	(12.1M)	(3.1M)	(389K)	(319K)	(854K)	(0.0)	(0.0)	(0.0)
Change in Working Capital	-280.8M	-42M	-76.4M	-140.6M	-44.6M	-31.8M	-92.5M	76.6M	50.3M	-3.7M	-8.5M	-74M	20M	19.9M	5.9M	-8.2M	-36.4M	13.7M	-16.3M	-566K
Cash from Operating Activities	2.9B	2.3B	1.6B	1.3B	1.3B	1.4B	1.5B	1.6B	1.4B	1.6B	1.4B	1.1B	988.5M	818.1M	588.2M	364.7M	381.3M	335.7M	263.9M	216.4M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-33.8M	-58.1M	-50.7M	-30.5M	-19.4M	-17.5M	-15.3M	(0.0)	-13.5M	(0.0)	-8.7M	-7.2M	-6.7M	-9.8M	-4.9B	-2.1B	-640.1M	-1.1B	-631.2M	-429.2M
Acquisitions, Net	-14.4B	-3.8B	-3.9B	-2.8B	-4.5B	-1.3B	-4.2B	-3.7B	-919.6M	-2.1B	-3.4B	-2.6B	-3.7B	-3.6B	(0.0)	(0.0)	(0.0)	(0.0)	-142M	-182.6M
Purchase of Investments	-76.6M	-61M	-100.1M	-98.5M	-26.6M	-13.3M	-731.1M	-431M	-430.8M	-760.3M	-1.1B	(0.0)	(0.0)	(0.0)	-25.8M	(0.0)	(0.0)	(0.0)	-400.9M	-281.3M
Sale/Maturity of Investments	0.0	20.1M	31.5M	63.7M	7.5M	7.7M	2.8B	1.7B	1.5B	2.6B	985.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	52.3M	82.3M
Other Investing Items	4B	-1.6B	-1.7B	-830.4M	2.4M	3.7B	158.5M	19.1M	-12.9M	-8.2M	49.7M	445M	172.8M	-10.4M	423.9M	-217.1M	370.1M	61.9M	236.3M	250M
Cash from Investing Activities	-10.5B	-5.5B	-5.7B	-3.7B	-4.5B	(2.3B)	-2B	-2.4B	(154.6M)	-309.5M	-3.5B	-2.1B	-3.5B	-3.6B	-4.5B	-2.3B	-270.1M	-1B	-885.3M	-560.8M
FINANCING ACTIVITIES
Net Issuance of Common Stock	8.9B	7.4B	6B	3.7B	2.3B	587.7M	1.1B	789.6M	622M	534.2M	1.8B	2.3B	1.9B	3.6B	2.1B	995.4M	704.5M	782.3M	491.6M	182.1M
Net Issuance of Debt	2.6B	-635.1M	655M	371.3M	320.8M	-1.2B	4.5B	2.9B	-821.1M	399.8M	1.9B	411.7M	1.3B	789.2M	1.7B	1.4B	-462.5M	162.1M	380.7M	364.5M
Cash Paid for Dividends	-1.9B	-1.5B	-1.3B	-1.1B	-1B	-1.1B	-1.4B	-1.3B	-1.3B	-1.3B	-1.2B	-1B	-906.3M	-722.5M	-544.2M	-370.2M	-333.8M	-276.9M	-208.1M	-199.8M
Share Repurchases	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-7.7M	(0.0)	(0.0)	-287.5M	(0.0)	(0.0)	(0.0)	(0.0)	-275M	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Other Financing Items	-633M	-330.1M	44.1M	-146.4M	-65.4M	-351M	-3.6B	-1.6B	-101.3M	-885.9M	-490M	-417.3M	-582M	-5.6M	-60.7M	-690K	-9.5M	442K	-48.7M	-2.4M
Cash from Financing Activities	9B	4.9B	5.4B	2.8B	1.6B	-2.1B	577.2M	818.4M	-1.9B	-1.3B	2B	1.3B	1.7B	3.6B	4B	2B	-99.1M	667.9M	615.5M	344.3M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	129.4M	-11.7M	11M	-10.6M	-1M	3.5M	5.3M	-9M	26.9M	-20.3M	-8.6M	-690K	442K	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Change in Cash	1.5B	1.6B	1.4B	375.5M	-1.7B	1.6B	69.6M	6.8M	-297.9M	58.5M	-112.8M	314.9M	-875M	870.3M	31.9M	96.1M	12.1M	-6.9M	-5.9M	-21K
Cash at Beginning of Period	3.7B	2.1B	722.3M	346.8M	2B	385.8M	316.1M	309.3M	607.2M	360.9M	473.7M	158.8M	1B	163.5M	131.6M	35.5M	23.4M	30.3M	36.2M	36.2M
Cash at End of Period	5.2B	3.7B	2.1B	722.3M	346.8M	2B	385.8M	316.1M	309.3M	419.4M	360.9M	473.7M	158.8M	1B	163.5M	131.6M	35.5M	23.4M	30.3M	36.2M
Free Cash Flow	2.8B	2.2B	1.6B	1.3B	1.3B	1.3B	1.5B	1.6B	1.4B	1.6B	1.4B	1.1B	981.8M	808.4M	-4.3B	-1.7B	-258.9M	-736.7M	-367.3M	-212.7M

SEC Filings

WELL - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	June 01, 2026	June 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 22, 2026	May 21, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 29, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 10, 2026	May 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 10, 2026	March 06, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 12, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 10, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2025 N/A	October 28, 2025	October 28, 2025	2025	View Filing

Showing 1 to 10 of 617 filings

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