| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 752,324 | 117,767 | 282,186 | 304,618 |
| Depreciation and amortization | 622,752 | 594,151 | 509,812 | 495,036 |
| Other amortization expenses | 9,670 | 14,220 | 14,273 | 13,734 |
| Provision for loan losses, net | 1,632 | -7,384 | 1,088 | -1,113 |
| Impairment of assets | 4,826 | 45,924 | 3,081 | 19,876 |
| Stock-based compensation expense | 18,830 | 1,508,384 | 15,586 | 15,257 |
| Loss (gain) on derivatives and financial instruments, net | 0 | 5,656 | -31,682 | 409 |
| Loss (gain) on extinguishment of debt, net | -727 | -3,089 | 0 | 0 |
| Loss (income) from unconsolidated entities | -1,686 | 4,442 | -12,610 | -7,392 |
| Rental income less than (in excess of) cash received | 75,976 | 77,313 | 55,301 | 48,754 |
| Amortization related to above (below) market leases, net | -213 | -1,493 | -419 | -424 |
| Loss (gain) on real estate dispositions and acquisitions of controlling interests, net | 420,400 | 1,378,391 | 4,025 | 14,850 |
| Proceeds from (payments on) interest rate swap settlements | NaN | 0 | 0 | 0 |
| Loss (gain) on loss of control of subsidiary | NaN | 0 | NaN | NaN |
| Distributions by unconsolidated entities | 3,059 | 3,312 | 6,519 | 7,860 |
| Increase (decrease) in accrued expenses and other liabilities | -192,334 | -104,837 | 110,012 | 16,030 |
| Decrease (increase) in receivables and other assets | 56,572 | 53,002 | 68,748 | 44,219 |
| Net cash provided from (used in) operating activities | 670,011 | 654,329 | 858,356 | 770,034 |
| Cash disbursed for acquisitions, net of cash acquired | 1,109,949 | 9,873,039 | 1,104,118 | 947,860 |
| Cash disbursed for capital improvements to existing properties | 269,832 | 313,975 | 263,059 | 232,879 |
| Cash disbursed for construction in progress | 104,772 | 103,750 | 95,420 | 112,374 |
| Capitalized interest | 8,449 | 7,476 | 6,150 | 8,653 |
| Investment in loans receivable | 1,382,728 | 254,705 | 396,385 | 20,572 |
| Principal collected on loans receivable | 737,926 | 14,212 | 46,097 | 61,667 |
| Other investments, net of payments | 4,171 | -15,388 | 23,919 | 6,027 |
| Contributions to unconsolidated entities | 381,267 | 197,670 | 39,933 | 211,917 |
| Distributions by unconsolidated entities | 45,395 | 130,346 | 141,304 | 26,365 |
| Net proceeds from net investment hedge settlements | 47,215 | 685 | 0 | 40,030 |
| Proceeds from sales of real property | 1,717,876 | 5,136,183 | 111,278 | 93,146 |
| Net cash provided from (used in) investing activities | -807,186 | -5,455,171 | -1,630,305 | -1,399,134 |
| Net increase (decrease) under unsecured credit facility and commercial paper | NaN | 0 | 0 | 0 |
| Net proceeds from issuance of senior unsecured notes | 19,775 | 2,006,661 | 994,832 | 1,359,325 |
| Payments to extinguish senior unsecured notes | 1,183,406 | 45,070 | 49,575 | 1,250,000 |
| Net proceeds from the issuance of secured debt | NaN | 4,871 | 0 | 0 |
| Payments on secured debt | 20,630 | 74,970 | 18,745 | 183,179 |
| Net proceeds from the issuance of common stock | 1,544,848 | 2,063,348 | 2,870,097 | 1,975,018 |
| Payments for deferred financing costs and prepayment penalties | 15,421 | 108 | -176 | 291 |
| Contributions by noncontrolling interests | 20,413 | 11,656 | 1,356 | 5,551 |
| Distributions to noncontrolling interests | 34,973 | 422,380 | 59,693 | 44,083 |
| Cash distributions to stockholders | 520,497 | 509,618 | 496,918 | 439,057 |
| Other financing activities | -9,648 | -1,786 | -1,035 | -4,788 |
| Net cash provided from (used in) financing activities | -199,539 | 3,032,604 | 3,240,495 | 1,418,496 |
| Effect of foreign currency translation on cash and cash equivalents and restricted cash | -53,532 | 37,204 | -51,484 | 123,830 |
| Increase (decrease) in cash, cash equivalents and restricted cash | -390,246 | -1,731,034 | 2,417,062 | 913,226 |
| Cash, cash equivalents and restricted cash at beginning of period | 5,209,539 | 6,940,573 | 4,523,511 | 3,610,285 |
| Cash, cash equivalents and restricted cash at end of period | 4,819,293 | 5,209,539 | 6,940,573 | 4,523,511 |
WELLTOWER INC. (WELL)
WELLTOWER INC. (WELL)