# Welltower Inc.: overview

WELL · NYSE · CIK 766704 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/well.md) · [Financials](/companies/well/financials.md) · [Filings](/companies/well/filings.md) · [Insiders](/companies/well/insiders.md)

Latest reported revenue: [$3.12bn](/filings/0000766704-26-000046.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 27, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000766704-26-000046).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,762 d](/filings/0000766704-26-000010.md) | [1,865](/filings/0000766704-26-000021.md) | [1,971](/filings/0000766704-26-000030.md) | [2,061](/filings/0000766704-26-000046.md) | [2,556 d](/filings/0000766704-26-000010.md) | [2,781](/filings/0000766704-26-000021.md) | [2,985](/filings/0000766704-26-000030.md) | [3,121](/filings/0000766704-26-000046.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [7.0% d](/filings/0000766704-26-000010.md) | [13.8%](/filings/0000766704-26-000021.md) | [15.5%](/filings/0000766704-26-000030.md) | [13.7%](/filings/0000766704-26-000046.md) | [4.6% d](/filings/0000766704-26-000010.md) | [27.1%](/filings/0000766704-26-000021.md) | [15.5%](/filings/0000766704-26-000030.md) | [13.3%](/filings/0000766704-26-000046.md) |
| Diluted EPS | $ per share | not reported | [0.40](/filings/0000766704-26-000021.md) | [0.45](/filings/0000766704-26-000030.md) | [0.41](/filings/0000766704-26-000046.md) | not reported | [1.02](/filings/0000766704-26-000021.md) | [0.61](/filings/0000766704-26-000030.md) | [0.54](/filings/0000766704-26-000046.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,197](/filings/0000766704-24-000008.md) | [4,174](/filings/0000766704-25-000009.md) | [4,754](/filings/0000766704-26-000010.md) | [6,027](/filings/0000766704-26-000010.md) | [8,453](/filings/0000766704-26-000010.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [11.7%](/filings/0000766704-24-000008.md) | [3.8%](/filings/0000766704-25-000009.md) | [7.5%](/filings/0000766704-26-000010.md) | [16.1%](/filings/0000766704-26-000010.md) | [11.4%](/filings/0000766704-26-000010.md) |
| Diluted EPS | $ per share | [0.78](/filings/0000766704-24-000008.md) | [0.30](/filings/0000766704-25-000009.md) | [0.66](/filings/0000766704-26-000010.md) | [1.57](/filings/0000766704-26-000010.md) | [1.39](/filings/0000766704-26-000010.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/well/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $17.71bn | 78,049,214 |  | Added +4,045,458 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $10.47bn | 46,118,974 |  | Added +766,540 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $9.86bn | 43,449,568 |  | Added +1,586,519 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $9.56bn | 42,138,810 |  | Added +578,033 |
| [Capital International Investors](/funds/1562230.md) | 2026-06-30 | $8.97bn | 39,500,055 |  | Added +3,682,689 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $4.55bn | 20,028,842 |  | Added +7,306,513 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $4.43bn | 19,496,361 |  | Reduced −2,254,140 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $4.41bn | 19,451,466 |  | Reduced −2,724,517 |
| [NORGES BANK](/funds/1374170.md) | 2026-06-30 | $4.12bn | 18,146,984 |  | New +18,146,984 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $4.00bn | 17,685,516 |  | Reduced −82,373 |

## Recent filings

[All 1,853 filings](/companies/well/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 16:43 ET | [8-K](/filings/0001628280-26-067627.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-067627 |
| 2026-10-27 | 16:05 ET | [10-Q](/filings/0000766704-26-000046.md) | Quarterly report, period 2026-09-30 | 0000766704-26-000046 |
| 2026-10-26 | 16:33 ET | [8-K](/filings/0000766704-26-000043.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000766704-26-000043 |
| 2026-07-28 | 16:20 ET | [8-K](/filings/0001628280-26-050186.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-050186 |
| 2026-07-28 | 16:07 ET | [10-Q](/filings/0000766704-26-000030.md) | Quarterly report, period 2026-06-30 | 0000766704-26-000030 |
| 2026-07-27 | 16:06 ET | [8-K](/filings/0000766704-26-000026.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000766704-26-000026 |
| 2026-07-13 | 16:10 ET | [8-K](/filings/0001193125-26-302020.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-302020 |
| 2026-06-01 | 08:15 ET | [8-K](/filings/0001193125-26-249823.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-249823 |
| 2026-05-22 | 17:15 ET | [8-K](/filings/0001193125-26-237176.md) | 5.07 Shareholder vote results | 0001193125-26-237176 |
| 2026-04-29 | 07:44 ET | [8-K](/filings/0001193125-26-189039.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-189039 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000766704-26-000010.md), filed Feb 12, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 766704
- Tickers: WELL
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 17:23 ET. No prices; not investment advice.