Welltower Inc. (WELL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 67.22B | 67.3B | 59.5B | 55.83B | 53.29B | 51.04B | 48.95B | 45.53B | 44.55B | 44.01B | 41.65B | 40.06B | 38.49B | 37.89B | 37.41B | 36.57B | 35.47B | 34.91B | 33.48B | 32.18B |
| Asset Growth % | 26.13% | 31.85% | 21.55% | 22.62% | 19.62% | 15.98% | 17.52% | 13.65% | 15.74% | 16.15% | 11.33% | 9.54% | 8.52% | 8.54% | 11.75% | 13.67% | 7.52% | 7.47% | 2.88% | -2.97% |
| Real Estate & Other Assets | -1.59B | 53.42B | 45.33B | 41.53B | 42.39B | 39.86B | 39.2B | 37.22B | 36.98B | 37B | 34.17B | 33.25B | 33.4B | 32.93B | 32.6B | 32.13B | 31.3B | 30.7B | 29.31B | 27.73B |
| PP&E (Net) | 53.92B | 2.16B | 1.25B | 1.28B | 1.23B | 1.2B | 358.16M | 360.28M | 348.89M | 350.97M | 338.69M | 322.32M | 322.9M | 323.94M | 323.23M | 324.72M | 404.69M | 522.8M | 526.61M | 453.62M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 7.37B | 9.91B | 11.09B | 8.29B | 7.19B | 7.23B | 7.11B | 6.18B | 5.43B | 4.96B | 5.51B | 4.77B | 3.11B | 3.08B | 3.04B | 2.75B | 2.56B | 2.58B | 2.6B | 2.91B |
| Cash & Equivalents | 4.7B | 5.03B | 6.81B | 4.41B | 3.5B | 3.51B | 3.56B | 2.78B | 2.39B | 1.99B | 2.58B | 2.2B | 571.9M | 631.68M | 343.45M | 363.34M | 301.09M | 269.26M | 303.98M | 513.6M |
| Receivables | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 2.67B | 175.86M | 134.07M | 113.77M | 108.43M | 204.87M | 219.47M | 86.97M | 89.85M | 82.44M | 104.67M | 95.28M | 66.89M | 90.61M | 81.74M | 78.91M | 65.95M | 77.49M | 58.66M | 295.1M |
| Intangible Assets | 2.85B | 0 | 0 | 2.78B | 693.3M | 665.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 22.29B | 24.1B | 20.19B | 19.29B | 18.71B | 18.47B | 17.89B | 15.85B | 16.01B | 17.64B | 17.84B | 17.87B | 16.9B | 16.5B | 16.96B | 16.7B | 16.29B | 15.91B | 15.31B | 14.93B |
| Total Debt | 19.98B | 21.38B | 18.16B | 17.31B | 17.01B | 16.76B | 16.16B | 14.33B | 14.59B | 16.12B | 16.2B | 16.34B | 15.38B | 14.96B | 15.51B | 15.45B | 15.09B | 14.68B | 14.21B | 13.87B |
| Net Debt | 15.28B | 16.35B | 11.36B | 12.9B | 13.51B | 13.25B | 12.59B | 11.55B | 12.2B | 14.13B | 13.62B | 14.14B | 14.8B | 14.33B | 15.17B | 15.08B | 14.79B | 14.41B | 13.91B | 13.36B |
| Long-Term Debt | 17.93B | 19.2B | 16.85B | 15.97B | 15.72B | 15.5B | 15.76B | 13.94B | 14.21B | 15.74B | 15.83B | 15.99B | 14.96B | 14.55B | 14.45B | 14.68B | 14.24B | 13.81B | 13.38B | 13.46B |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 654.72M | 354M | 299.97M | 324.94M | 291M | 0 |
| Capital Lease Obligations | 2.05B | 2.18B | 1.31B | 1.34B | 1.29B | 1.26B | 392.36M | 393.67M | 381.32M | 383.23M | 365.12M | 348.77M | 415.17M | 415.82M | 410.42M | 410.72M | 549M | 545.94M | 544.55M | 409.63M |
| Total Current Liabilities | 2.31B | 1.86B | 2.03B | 1.98B | 1.7B | 1.37B | 1.73B | 1.52B | 1.42B | 1.1B | 1.64B | 1.53B | 1.52B | 1.17B | 2.1B | 1.61B | 1.5B | 1.34B | 1.38B | 1.06B |
| Accounts Payable | 0 | 297.07M | 0 | 0 | 0 | 229.31M | 0 | 0 | 0 | 173.22M | 0 | 0 | 0 | 216.73M | 0 | 0 | 0 | 174.8M | 0 | 0 |
| Deferred Revenue | 0 | 501.43M | 0 | 0 | 0 | 430.84M | 0 | 0 | 0 | 374.55M | 0 | 0 | 0 | 432.94M | 0 | 0 | 0 | 335.89M | 0 | 0 |
| Other Liabilities | 0 | 864.13M | 0 | 0 | 0 | 343.6M | 0 | 0 | 0 | 421.74M | 0 | 0 | 0 | 367.23M | 0 | 0 | 0 | 219.96M | 0 | 0 |
| Total Equity | 44.93B | 43.2B | 39.31B | 36.55B | 34.58B | 32.57B | 31.06B | 29.69B | 28.55B | 26.37B | 23.82B | 22.19B | 21.6B | 21.39B | 20.46B | 19.87B | 19.18B | 19B | 18.17B | 17.24B |
| Equity Growth % | 29.92% | 32.64% | 26.55% | 23.1% | 21.14% | 23.51% | 30.42% | 33.77% | 32.19% | 23.27% | 16.43% | 11.67% | 12.61% | 12.61% | 12.58% | 15.26% | 12.5% | 10.29% | 5.09% | -0.12% |
| Shareholders Equity | 43.79B | 42.13B | 38.76B | 35.9B | 33.96B | 31.96B | 30.33B | 28.98B | 27.55B | 25.4B | 22.95B | 21.2B | 20.45B | 20.29B | 19.17B | 18.56B | 17.9B | 17.64B | 16.86B | 15.92B |
| Minority Interest | 1.14B | 1.07B | 555.56M | 645.77M | 625.22M | 616.38M | 729.72M | 712.15M | 999.97M | 967.35M | 864.58M | 988.67M | 1.15B | 1.1B | 1.29B | 1.32B | 1.28B | 1.36B | 1.31B | 1.32B |
| Common Stock | 704.86M | 696.62M | 684.23M | 665.24M | 652.09M | 637M | 620.11M | 609.86M | 592.64M | 565.89M | 533.92M | 509.81M | 497.93M | 491.92M | 473.93M | 464.78M | 455.38M | 448.61M | 436.64M | 423.93M |
| Additional Paid-in Capital | 52.41B | 50.9B | 47.05B | 43.95B | 42.03B | 40.02B | 37.95B | 36.69B | 35.11B | 32.74B | 30.06B | 28.09B | 27.16B | 26.74B | 25.29B | 24.47B | 23.62B | 23.13B | 22.15B | 21.16B |
| Retained Earnings | -8.96B | -9.16B | -8.75B | -8.53B | -8.4B | -8.22B | -7.92B | -7.97B | -7.85B | -7.63B | -7.37B | -7.18B | -6.99B | -6.71B | -6.41B | -6.12B | -5.93B | -5.72B | -5.51B | -5.43B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 1.12% | 0.15% | 0.49% | 0.55% | 0.49% | 0.24% | 0.95% | 0.57% | 0.29% | 0.2% | 0.31% | 0.26% | 0.07% | -0.01% | -0.02% | 0.25% | 0.18% | 0.17% | 0.55% | 0.08% |
| Return on Equity (ROE) | 1.71% | 0.23% | 0.74% | 0.85% | 0.77% | 0.38% | 1.48% | 0.87% | 0.46% | 0.33% | 0.55% | 0.47% | 0.12% | -0.02% | -0.03% | 0.46% | 0.32% | 0.32% | 1.01% | 0.15% |
| Debt / Assets | 29.73% | 31.77% | 30.53% | 31% | 31.92% | 32.83% | 33% | 31.47% | 32.74% | 36.62% | 38.89% | 40.78% | 39.94% | 39.49% | 41.46% | 42.23% | 42.54% | 42.04% | 42.45% | 43.11% |
| Debt / Equity | 0.44x | 0.49x | 0.46x | 0.47x | 0.49x | 0.51x | 0.52x | 0.48x | 0.51x | 0.61x | 0.68x | 0.74x | 0.71x | 0.70x | 0.76x | 0.78x | 0.79x | 0.77x | 0.78x | 0.80x |
| Net Debt / EBITDA | 13.16x | - | 11.35x | 13.55x | 15.38x | 17.31x | 17.21x | 18.17x | 17.62x | 21.85x | 23.01x | 24.11x | 26.49x | 27.26x | 28.63x | 28.83x | 29.33x | 29.92x | 29.22x | 29.17x |
| Book Value per Share | 61.86 | 60.83 | 57.36 | 54.70 | 52.89 | 51.36 | 50.24 | 49.11 | 49.43 | 47.74 | 45.36 | 44.21 | 43.67 | 44.27 | 44.15 | 43.48 | 42.64 | 43.30 | 42.26 | 41.12 |