← WELLTOWER INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.3b | $4.3b | $4.7b | $5.1b | $4.6b | $4.7b | $5.9b | $4.8b | $6.0b | $8.5b | |
| Revenues: | |||||||||||
| Cost of Revenue | $2.9b | $2.9b | $3.1b | $2.7b | $2.6b | $2.8b | $3.6b | $3.9b | $4.8b | $6.5b | |
| Gross Profit (Calculated) (derived) | $1.4b | $1.4b | $1.6b | $2.4b | $2.0b | $2.0b | $2.3b | $806.0m | $1.2b | $2.0b | |
| Operating Expenses | $3.6b | $4.0b | $4.3b | — | — | — | — | — | — | — | |
| Additional Financial Items | |||||||||||
| Income (Loss) from Equity Method Investments | ($10.4m) | ($83.1m) | ($641k) | $42.4m | ($8.1m) | ($22.9m) | ($21.3m) | ($53.4m) | ($496k) | ($14.3m) | |
| Operating Lease, Lease Income | — | — | — | $1.6b | $1.4b | $1.4b | $1.5b | $1.6b | $1.6b | $2.0b | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | $415.6m | $748.0m | $1.1b | $235.4m | $16.0m | $67.9m | — | — | |
| Income (Loss) from Continuing Operations, Per Basic Share | $3 | $1 | $2 | $3 | $2 | $1 | $0 | $1 | $2 | $1 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $3 | $1 | $2 | $3 | $2 | $1 | $0 | $1 | $2 | $1 | |
| Interest Income, Operating | $98.0m | $73.8m | $55.8m | — | — | — | — | — | — | — | |
| Other Income | — | — | — | — | — | — | — | $159.8m | $137.5m | $170.9m | |
| Other Operating Income | $29.7m | $17.5m | $29.4m | — | — | — | — | — | — | — | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | — | — | — | $6.1m | $3.0m | ($165k) | $303k | ($1.7m) | ($7.2m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $718.0m | $196.4m | $829.8m | $1.3b | $1.0b | $374.5m | $160.6m | $358.1m | $972.9m | $961.8m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Available to Common Stockholders, Basic | $1.0b | $463.6m | $758.2m | $1.2b | $978.8m | $336.1m | $141.2m | $340.1m | $951.7m | $936.8m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.3m | $17.8m | $24.8m | $98.0m | $60.0m | $38.3m | $19.4m | $18.0m | $21.2m | $25.0m | |
| Earnings Per Share, Basic | $2.83 | $1.26 | $2.03 | $3.07 | $2.36 | $0.79 | $0.31 | $0.66 | $1.58 | $1.41 | |
| Earnings Per Share, Diluted | $2.81 | $1.26 | $2.02 | $3.05 | $2.33 | $0.78 | $0.30 | $0.66 | $1.57 | $1.39 | |
| Weighted Average Number of Shares Outstanding, Basic | 358.3m | 367.2m | 373.6m | 401.8m | 415.5m | 425.0m | 462.2m | 515.6m | 603.0m | 665.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 360.2m | 369.0m | 375.2m | 403.8m | 417.4m | 426.8m | 465.2m | 518.7m | 608.8m | 679.5m | |
| Selling, General and Administrative Expense | $155.2m | $122.0m | $126.4m | $126.5m | $128.4m | $126.7m | $150.4m | $179.1m | $235.5m | $1.7b | |
| Other Nonoperating Income (Expense) | — | — | — | — | ($70.3m) | ($41.7m) | ($101.7m) | ($108.3m) | — | — | |
| Business Combination, Acquisition Related Costs | $42.9m | $0 | $0 | — | — | — | — | — | — | — | |
| Cost of Property Repairs and Maintenance | — | — | — | — | — | — | — | — | $212.2m | $282.7m | |
| Current Income Tax Expense (Benefit) | $14.9m | $7.6m | $15.8m | $12.6m | $11.4m | $10.2m | $18.3m | $8.8m | $9.2m | $42.5m | |
| Interest Expense, Debt | $521.3m | $484.6m | $526.6m | $555.6m | $514.4m | $489.9m | $529.5m | $607.8m | — | — | |
| Labor and Related Expense | — | — | — | — | — | — | — | — | $2.7b | $3.8b | |
| Management Fee Expense | — | — | — | — | — | — | — | — | — | $87.6m | |
| Other Expenses | $12.0m | $177.8m | $112.9m | $52.6m | — | — | $101.7m | $108.3m | $117.5m | $201.2m | |
| Other General Expense | — | — | — | — | — | — | — | — | $1.0b | $1.3b | |
| Real Estate Tax Expense | — | — | — | — | — | — | — | — | $310.6m | $344.8m | |
| Income Tax Expense (Benefit) | ($19.1m) | $20.1m | $8.7m | $3.0m | $10.0m | $8.7m | $7.2m | $6.4m | $2.7m | ($7.1m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.