Welltower Inc. (WELL) operating KPIs

WELLNYSEReal Estate Investment TrustsFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 10/30171% above fair value

$234.60+1.43 (+0.61%)

Close on Oct 30, 2026Market cap $169.09BP/E 107.6Yield 1.20%

KPIs

Operating metrics that drive Welltower's business · fiscal year ends December 31

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Metric	Q3 2026 2026-09-30	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2025 2025-12-31	Q3 2025 2025-09-30	Q2 2025 2025-06-30	Q1 2025 2025-03-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q2 2024 2024-06-30	Q1 2024 2024-03-31	Q4 2023 2023-12-31

Total Portfolio Properties (In-Place & Operational)5	3,002	2,950	2,838	2,900	2,447	2,391	2,336	2,271	2,137	2,095	2,096	2,100
Seniors Housing Operating (SHO) — Properties	2,035	1,994	1,917	1,887	1,334	1,309	1,256	1,232	1,084	1,005	994	1,000
Seniors Housing Triple-Net (SH NNN) — Properties	419	427	431	430	291	303	301	306	312	350	360	361
Outpatient Medical (OM) — Properties	102	127	141	202	446	446	447	447	447	446	450	447
Long-Term / Post-Acute Care (LT/PAC) — Properties	446	402	349	381	376	333	332	286	294	294	292	292
In-Place NOI Portfolio Properties — By Country3	2,713	2,667	2,536	2,534	1,965	2,217	2,161	2,073	2,007	1,956	1,937	1,928
United States — In-Place Properties	1,744	1,708	1,610	1,611	1,618	1,871	1,817	1,754	1,736	1,692	1,674	1,664
United Kingdom — In-Place Properties	803	795	794	786	211	210	208	185	137	130	129	129
Canada — In-Place Properties	166	164	132	137	136	136	136	134	134	134	134	135
Seniors Housing Operating (SHO) — Total Portfolio Beds / Units7	176,652	202,480	191,947	188,643	153,465	150,700	143,030	141,130	130,101	121,183	120,401	121,009
Assisted Living (AL) — Beds / Units	72,843	83,841	80,297	79,053	48,954	47,795	46,684	44,984	41,220	38,708	37,958	38,382
Independent Living (IL) — Beds / Units	49,357	56,242	51,133	50,293	48,851	48,820	43,801	45,822	45,795	44,564	45,676	45,661
Memory Care (MC) — Beds / Units	23,424	28,509	27,105	26,482	23,677	23,596	23,291	22,884	16,931	15,831	15,370	15,519
Wellness Housing — Units	30,379	33,106	32,890	32,293	31,443	29,949	28,714	26,810	25,525	21,450	20,767	20,811
Seniors Housing Triple-Net (SH NNN) — Total Beds / Units	26,971	28,732	29,206	29,097	19,850	20,986	20,888	22,636	23,544	26,986	27,842	27,994
Long-Term / Post-Acute Care (LT/PAC) — Total Beds	52,170	47,684	41,312	45,912	46,429	41,558	41,378	36,358	37,515	37,515	37,225	37,225
Outpatient Medical (OM) — Total Rentable Square Feet	4,130,660	8,666,907	9,511,258	12,904,468	26,491,264	26,491,264	26,537,360	26,521,917	26,660,083	26,630,886	26,680,153	26,548,070
Seniors Housing Operating (SHO) — Operational Occupancy(%)9	88.3%	87.6%	87.3%	87.5%	86.8%	85.6%	85.1%	84.8%	83.8%	82.8%	82.5%	82.2%
SHO Same Store Occupancy(%)	90.2%	89.4%	89.0%	89.5%	88.9%	88.8%	88.0%	87.1%	85.9%	84.9%	83.4%	83.3%
SHO Stable Portfolio Occupancy — Discontinued after 2Q26(%)		88.8%	88.8%	88.9%	88.4%	87.2%	86.5%	86.1%	84.3%	84.4%	83.9%	83.3%
SHO Operational Occupancy — United States(%)	89.1%	88.2%	87.5%	87.5%	86.6%
SHO Operational Occupancy — United Kingdom(%)	84.8%	84.4%	84.5%	85.2%	84.2%
SHO Operational Occupancy — Canada(%)	89.6%	89.5%	90.8%	90.7%	89.2%
Seniors Housing Triple-Net (SH NNN) — Stable Occupancy(%)	85.6%	84.7%	87.4%	85.3%	84.7%	84.5%	85.0%	84.3%	82.8%	83.0%	83.2%	82.4%
Outpatient Medical (OM) — Operational Occupancy(%)	96.9%	97.0%	96.9%	95.5%	94.2%	94.4%	94.5%	94.3%	94.4%	94.2%	94.2%	94.5%
Outpatient Medical (OM) — Same Store Occupancy(%)	97.6%	98.0%	97.7%	97.5%	97.5%	94.5%	94.5%	94.4%	94.5%	94.3%	94.7%	94.9%
Long-Term / Post-Acute Care (LT/PAC) — Stable Occupancy(%)	81.7%	81.5%	85.3%	86.9%	85.8%	86.9%	84.9%	82.9%	81.7%	81.1%	79.3%	80.6%
Same Store Net Operating Income (SSNOI) — Total Portfolio($M)6	820	801	722	643	604	671	651	575	541	538	539	467
Total Portfolio Same Store NOI Growth y/y (stated)(%)2	15.8%	15.5%	16.4%	15.0%	14.5%	13.8%	12.9%	12.8%	12.6%	11.3%	12.9%	12.5%
Full-Year Guidance: Blended SSNOI Growth (Low)(%)	15.0%	13.8%	12.3%	11.3%	13.2%	11.3%	10.0%	9.3%	11.5%	10.0%		8.3%
Full-Year Guidance: Blended SSNOI Growth (High)(%)	16.3%	16.0%	16.0%	15.8%	14.5%	13.3%	13.3%	13.0%	13.0%	12.5%		11.5%
Seniors Housing Operating (SHO) — Same Store NOI($M)4	604	585	532	469	421	383	364	298	279	262	267	238
SHO Same Store NOI Growth y/y (stated)(%)	21.0%	20.5%	22.1%	20.4%	20.3%	23.4%	21.7%	23.9%	23.0%	21.7%	25.5%	23.7%
Full-Year Guidance: SHO SSNOI Growth (Low)(%)	20.2%	18.5%	16.5%	15.0%	20.5%	18.5%	16.5%	15.0%	22.0%	19.0%		15.0%
Full-Year Guidance: SHO SSNOI Growth (High)(%)	21.8%	21.5%	21.5%	21.0%	22.0%	21.5%	21.5%	21.0%	24.0%	23.0%		21.0%
SHO Same Store Pool — Properties	1,052	980	921	875	763	673	725	660	620	584	665	647
Seniors Housing Triple-Net (SH NNN) — Same Store NOI($M)4	78.2	82.3	79.5	75.2	71.9	73	71.7	77.2	76.6	90.9	93.7	90.6
SH NNN Same Store NOI Growth y/y (stated)(%)	4.2%	5.2%	3.9%	2.6%	3.1%	5.1%	5.1%	5.1%	5.8%	4.3%	3.8%	2.2%
Full-Year Guidance: SH NNN SSNOI Growth (Low)(%)	3.5%	3.5%	3.0%	3.0%	3.5%	3.5%	3.0%	3.0%	4.0%	3.0%		2.5%
Full-Year Guidance: SH NNN SSNOI Growth (High)(%)	4.5%	4.5%	4.0%	4.0%	4.5%	4.5%	4.0%	4.0%	5.0%	4.0%		4.0%
SH NNN Same Store Pool — Properties	230	258	252	247	246	247	248	272	272	328	332	316
Outpatient Medical (OM) — Same Store NOI($M)4	28.5	26.9	23.8	23.8	27.1	134	133	130	128	126	119	119
OM Same Store NOI Growth y/y (stated)(%)	2.4%	2.4%	2.4%	2.4%	4.0%	2.6%	2.7%	2.0%	2.2%	2.1%	2.0%	2.8%
Full-Year Guidance: OM SSNOI Growth (Low)(%)	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%		2.0%
Full-Year Guidance: OM SSNOI Growth (High)(%)	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%		3.0%
OM Same Store Pool — Properties	91	89	86	104	108	417	420	415	412	410	378	377
Long-Term / Post-Acute Care (LT/PAC) — Same Store NOI($M)4	109	106	86.8	75.2	83.6	81.3	81.4	69.7	57.9	59.3	59.3	19.9
LT/PAC Same Store NOI Growth y/y (stated)(%)	2.8%	2.9%	2.6%	2.6%	2.7%	2.7%	2.8%	2.6%	3.0%	2.7%	3.1%	5.2%
Full-Year Guidance: LT/PAC SSNOI Growth (Low)(%)	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%	2.0%		2.0%
Full-Year Guidance: LT/PAC SSNOI Growth (High)(%)	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%	3.0%		3.0%
LT/PAC Same Store Pool — Properties	249	241	196	184	222	222	222	210	186	195	195	48
Total Same Store Pool — Properties	1,622	1,568	1,455	1,410	1,339	1,559	1,615	1,557	1,490	1,517	1,570	1,388
SHO Same Store RevPOR (Revenue per Occupied Room / Month)($)6	6,066	6,074	6,061	5,787	5,759	6,035	6,109	6,170	6,245	6,076	5,630	5,426
SHO Same Store RevPOR Growth y/y (stated)(%)	5.3%	5.2%	5.0%	4.7%	4.8%	4.9%	5.9%	5.0%	4.9%	5.3%	4.8%	5.5%
United States — SHO Same Store RevPOR (USD/month)($)1		6,403	6,477	6,125	6,461	6,613	6,697	6,457	6,470	6,500	5,901	5,698
US Same Store RevPOR Growth y/y (stated)(%)		5.3%	4.8%	4.5%	4.9%	4.9%	5.9%	4.9%	4.7%	5.2%	4.8%	5.4%
United Kingdom — SHO Same Store RevPOR (USD/month)($)1		10,624	10,536	9,680	10,117	10,102	10,072	9,887	9,879	8,727	8,690	8,275
UK Same Store RevPOR Growth y/y (stated)(%)		3.9%	4.7%	5.3%	3.6%	3.8%	3.7%	3.5%	4.0%	6.3%	7.3%	8.1%
Canada — SHO Same Store RevPOR (USD/month)($)1		3,004	3,096	2,978	2,897	2,899	2,896	2,681	2,569	2,548	2,535	2,469
Canada Same Store RevPOR Growth y/y (stated)(%)		6.1%	5.9%	5.9%	3.9%	4.1%	6.0%	4.5%	4.8%	4.6%	2.7%	4.8%
SHO Same Store ExpPOR (Expenses per Occupied Room / Month)($)	4,147	4,156	4,211	4,111	4,116
SHO Trailing 4Q Same Store NOI per Unit (USD/year)($)3	19,697	19,203	18,943	18,158	18,067	18,081	16,782	16,627	16,225	15,539	13,824	13,058
United States — Trailing 4Q SSNOI per Unit (USD)($)		19,923	19,320	18,732	19,013	19,472	17,881	17,181	16,355	16,060	14,066	13,295
United Kingdom — Trailing 4Q SSNOI per Unit (USD)($)		29,355	28,151	26,373	27,122	25,862	24,441	23,580	22,826	19,845	18,465	17,826
Canada — Trailing 4Q SSNOI per Unit (USD)($)		12,338	12,229	11,782	11,407	10,890	10,449	9,755	11,019	10,689	10,277	9,680
Seniors Housing Triple-Net — Operator EBITDAR Coverage (TTM)(×)5	1.22	1.23	1.23	1.19	1.21	1.19	1.16	1.12	1.09	1.04	1.02	0.95
Seniors Housing Triple-Net — Operator EBITDARM Coverage (TTM)(×)	1.46	1.46	1.46	1.40	1.41	1.39	1.36	1.32	1.28	1.24	1.23	1.15
Long-Term / Post-Acute Care (LT/PAC) — Operator EBITDAR Coverage (TTM)(×)	1.32	1.30	1.32	1.53	2.02	1.90	1.56	1.58	1.74	1.47	1.23	1.36
Long-Term / Post-Acute Care (LT/PAC) — Operator EBITDARM Coverage (TTM)(×)	1.67	1.65	1.70	1.91	2.41	2.29	1.92	1.96	2.13	1.86	1.62	1.67
Combined Triple-Net Portfolio — EBITDAR Coverage — Discontinued after 2Q26(×)		1.27	1.28	1.35	1.61	1.54	1.36	1.33	1.35	1.19	1.06	1.02
Combined Triple-Net Portfolio — EBITDARM Coverage — Discontinued after 2Q26(×)		1.56	1.58	1.64	1.91	1.83	1.64	1.62	1.63	1.46	1.31	1.23
Facility Private-Pay Revenue Mix — Seniors Housing Operating (SHO)(%)6	93.5%	93.0%	92.3%	93.2%	96.8%	96.9%	96.9%	96.3%	96.8%	97.6%	97.6%	97.4%
Seniors Housing Triple-Net (SH NNN) — Private-Pay Revenue Mix(%)	83.0%	85.2%	87.1%	87.9%	87.9%	88.7%	88.2%	89.0%	89.1%	90.1%	88.6%	88.5%
Outpatient Medical (OM) — Private-Pay Revenue Mix — Discontinued after 2Q26(%)		100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Long-Term / Post-Acute Care (LT/PAC) — Private-Pay Revenue Mix(%)	23.6%	24.8%	25.7%	24.2%	24.3%	26.7%	23.4%	24.9%	24.3%	26.0%	27.6%	30.1%
Long-Term / Post-Acute Care (LT/PAC) — Medicaid Revenue Mix(%)	49.9%	48.7%	50.4%	48.7%	45.0%	41.9%	47.1%	48.1%	47.6%	46.3%	47.7%	38.2%
Long-Term / Post-Acute Care (LT/PAC) — Medicare Revenue Mix(%)	26.5%	26.7%	23.9%	27.1%	30.7%	31.4%	29.5%	27.0%	28.1%	27.7%	24.7%	31.7%
Total Portfolio — Private-Pay Revenue Mix — Discontinued after 2Q26(%)		89.0%	88.8%	88.6%	91.7%	92.7%	92.7%	92.7%	92.6%	93.6%	93.0%	93.8%

SHO Operational Portfolio — Total Pro Rata Revenues($M)7	3,166	3,025	2,817	2,591	2,103	2,008	1,901	1,808	1,557	1,438	1,382	1,285
United States — SHO Pro Rata Revenues($M)	1,845	1,736	1,663	1,585	1,535	1,478	1,417	1,322	1,285	1,178	1,116	1,024
United Kingdom — SHO Pro Rata Revenues($M)	1,033	1,007	970	828	395	363	327	329	130	121	120	115
Canada — SHO Pro Rata Revenues($M)	288	282	184	178	174	167	157	157	158	155	151	149
SHO Operational Portfolio — Operating Expenses($M)	2,262	2,159	2,043	1,903	1,530	1,465	1,411	1,366	1,167	1,066	1,035	982
United States — SHO Operating Expenses($M)	1,288	1,197	1,170	1,131	1,116
United Kingdom — SHO Operating Expenses($M)	800	794	762	657	307
Canada — SHO Operating Expenses($M)	174	169	111	115	107
SHO Operational Portfolio — Pro Rata Net Operating Income (NOI)($M)6	904	866	774	688	573	543	491	442	390	372	347	303
SHO Operational Portfolio — NOI Margin (stated)(%)	30.0%	30.2%	29.0%	28.1%	28.3%	27.1%	25.8%	24.4%	25.0%	25.8%	25.1%	23.6%
United States — SHO Pro Rata NOI($M)	557	539	493	454	419	409	367	320	316	305	269	227
United Kingdom — SHO Pro Rata NOI($M)	233	213	208	171	88.1	71.8	67.3	66.7	33.6	27.8	29.7	28.1
Canada — SHO Pro Rata NOI($M)	114	113	73	63.4	66.3	62.1	56.5	55.1	55.9	55.1	52.9	50.7
SHO Operational Portfolio — Recurring CapEx($M)	138	98.8	67.8	117	78.6	63.9	68.4	75.8	66.5	56.2	37.1	49.3
SHO Operational Portfolio — Other Value-Add CapEx($M)	170	186	166	169	131	119	135	188	129	82.2	70.4	85.5
SHO Operational Portfolio — Properties & Units by Country7	1,810	1,770	1,689	1,659	1,199	1,171	1,113	1,085	1,029	947	935	915
SHO Operational Portfolio — Total Units / Beds	176,652	172,155	163,618	160,218	131,792	129,758	124,742	118,818	114,213	105,076	101,395	99,387
United States — SHO Operational Properties	1,063	1,029	992	964	937
United States — SHO Operational Units	112,450	108,566	106,094	102,954	100,481
United Kingdom — SHO Operational Properties	579	573	567	564	132
United Kingdom — SHO Operational Units	36,257	35,739	35,338	35,013	9,445
Canada — SHO Operational Properties	168	168	130	131	130
Canada — SHO Operational Units	27,945	27,850	22,186	22,251	21,866
SHO In-Place Portfolio RevPOR / Month (Total Portfolio, USD)($)9	6,284	6,285	6,234	5,952	5,687	5,675	5,681	5,553	5,561	5,603	5,588	5,400
United States — In-Place RevPOR / Month (USD)($)		6,140	6,163	5,913	5,883	5,918	6,006	5,819	5,921	6,044	5,979	5,794
United Kingdom — In-Place RevPOR / Month (USD)($)		8,815	8,590	8,603	10,339	10,247	9,513	9,521	10,320	9,979	10,017	9,535
United Kingdom — In-Place RevPOR / Month (Local Currency, GBP £)($)		7,167	6,984	6,994	8,406	8,331	7,734	7,934	8,600	8,316	8,348	7,946
Canada — In-Place RevPOR / Month (USD)($)		3,768	3,018	2,939	2,938	2,908	2,811	2,818	2,865	2,833	2,746	2,705
Canada — In-Place RevPOR / Month (Local Currency, CAD C$)($)		5,383	4,311	4,199	4,197	4,154	4,016	3,860	3,925	3,881	3,762	3,705
SHO In-Place Average Occupied Units / Month — Total	153,509	148,238	140,417	133,209	113,452	109,056	104,451	98,464	91,281	84,632	80,542	76,519
United States — In-Place Avg Occupied Units / Month		94,461	91,106	89,041	86,062	82,618	78,954	74,647	70,424	63,982	61,801	57,920
United Kingdom — In-Place Avg Occupied Units / Month		29,528	29,635	24,104	7,896	7,236	7,094	6,750	4,147	4,053	3,998	3,995
Canada — In-Place Avg Occupied Units / Month		24,249	19,676	20,064	19,494	19,202	18,403	17,067	16,710	16,597	14,743	14,604
SHO Same Store Pool — Revenues, Expense Breakdown & NOI($M)4	1,908	1,821	1,723	1,567	1,410	1,249	1,280	1,106	1,053	958	1,003	953
SHO Same Store Revenue Growth y/y (stated)(%)	9.1%	9.2%	9.5%	9.6%	9.7%	10.1%	9.6%	8.8%	8.9%	8.6%	10.3%	9.7%
SHO Same Store — Total Operating Expenses($M)6	1,303	1,236	1,191	1,097	988	866	916	808	774	697	736	715
Compensation & Labor Expense($M)	768	731	699	648	579	513	542	487	462	416	428	416
Utilities Expense($M)	83.4	71.9	78.7	65.4	62.4	47.3	58.8	46.1	47.4	38	49.1	43.6
Food Expense($M)	72.1	68.9	64.6	63.1	55.8	48.1	48.9	44.1	39.7	35.5	39.2	38.7
Repairs & Maintenance Expense($M)	49.7	47.6	45.5	42	37.9	31.8	32.4	28.9	27.9	25.1	28.5	28.2
Property Taxes Expense($M)	60.5	57	54.6	46.8	46.1	41.2	42.1	32.9	33.6	35.2	37.4	34.5
All Other Property Operating Expenses($M)	270	260	249	232	207	184	191	169	164	147	155	154
SHO Same Store — Net Operating Income (NOI) by Country($M)8	604	585	532	469	421	383	364	298	279	262	267	238
SHO Same Store NOI Margin (stated)(%)	31.7%	32.1%	30.9%	30.0%	29.9%	30.7%	28.5%	26.9%	26.5%	27.3%	26.6%	25.0%
SHO Same Store NOI Growth y/y (stated)(%)	21.0%	20.5%	22.1%	20.4%	20.3%	23.4%	21.7%	23.9%	23.0%	21.7%	25.5%	23.7%
United States — SHO Same Store NOI($M)		449	416	369	333	301	285	242	224	227	234	206
United States — SHO Same Store NOI Growth y/y (stated)(%)		20.5%	22.9%	21.9%	20.8%	24.0%	22.4%	27.0%	20.6%	20.5%	24.7%	21.8%
United Kingdom — SHO Same Store NOI($M)		64.8	63.6	51.1	38.2	34.3	34.6	32	32.2	12.4	13.1	12.3
United Kingdom — SHO Same Store NOI Growth y/y (stated)(%)		21.1%	18.5%	15.5%	20.3%	26.9%	20.4%	13.7%	54.1%	48.1%	48.4%	75.5%
Canada — SHO Same Store NOI($M)		71.4	52.5	49	50.4	47.9	44.9	23.8	22.5	22.3	20	19.2
Canada — SHO Same Store NOI Growth y/y (stated)(%)		20.1%	20.0%	15.0%	17.2%	17.5%	18.6%	9.6%	12.9%	22.0%	21.9%	21.7%
SHO Same Store — Average Occupied Units / Month5	103,899	102,544	101,875	101,636	100,357	69,134	70,786	59,213	55,662	52,686	59,502	57,976
SHO Same Store Pool — Total Units	115,132	112,241	104,484	98,944	87,549	77,871	80,483	68,007	64,761	62,048	71,341	69,598
SHO Same Store Pool — Properties	1,052	980	921	875	763	673	725	660	620	584	665	647
United States — Same Store Avg Occupied Units / Month — Discontinued after 2Q26		73,620	70,912	66,733	58,445	49,938	51,792	46,653	44,676	43,704	50,941	49,555
United Kingdom — Same Store Avg Occupied Units / Month — Discontinued after 2Q26		7,415	7,310	6,577	4,428	4,350	4,261	4,220	4,147	2,127	2,065	1,967
Canada — Same Store Avg Occupied Units / Month — Discontinued after 2Q26		19,375	14,765	15,223	14,984	14,846	14,733	8,340	6,839	6,855	6,496	6,454

Outpatient Medical (OM) — Operational Portfolio Performance($M)9	43.5	51.4	76.5	149	219	216	215	205	209	202	203	192
OM Operational Portfolio — Properties	97	121	135	194	437	434	433	429	426	425	427	426
OM Operational Portfolio — Rentable Square Feet	4,359,675	4,754,231	5,576,683	8,801,545	22,073,485	21,914,499	21,775,061	21,430,682	21,320,290	21,208,417	21,148,949	21,043,557
OM Operational Portfolio — Operating Expenses($M)	7.50	9.90	20.2	45	65.9	65.2	66.8	61.4	64.8	63.4	65.2	55.1
OM Operational Portfolio — Pro Rata NOI($M)	36	41.5	56.3	104	153	151	148	144	144	138	138	137
OM Operational Portfolio — NOI Margin (stated)(%)	82.8%	80.7%	73.6%	69.8%	70.0%	69.8%	68.9%	70.1%	69.0%	68.5%	67.9%	71.4%
OM Annualized Revenues per Sq Ft ($/sq ft)($)	39.93	43.29	54.89	67.65	39.73	39.37	39.44	38.33	39.16	38	38.39	36.58
OM Annualized NOI per Sq Ft ($/sq ft)($)	33.05	34.93	40.41	47.20	27.80	27.47	27.17	26.87	27.01	26.04	26.07	26.11
OM Recurring CapEx (TI, Leasing Commissions & Maintenance)($M)	1.40	0.60	1.60	4.30	19.3	13.2	6.20	11	14.4	11.1	14.5	21.1
OM Other Value-Add CapEx($M)	0.90	0.30	0.90	2	14.1	9.30	9.70	16.8	10.6	14.4	7.80	10.2
Outpatient Medical (OM) — Same Store Performance & Lease Quality Indicators($M)10	28.5	26.9	23.8	23.8	27.1	134	133	130	128	126	119	119
OM Same Store — Properties	91	89	86	104	108	417	420	415	412	410	378	377
OM Same Store — Revenues($M)	31.6	30.6	27.5	27.5	32.4	197	198	189	189	186	176	167
OM Same Store — Operating Expenses($M)	3.10	3.70	3.60	3.70	5.30	63.2	64.6	58.4	61.4	60.1	56.9	47.7
OM Same Store — NOI Margin (stated)(%)	90.3%	88.1%	86.8%	86.6%	83.7%	68.0%	67.3%	69.0%	67.5%	67.7%	67.7%	71.4%
OM Same Store — YoY NOI Growth (stated)(%)	2.4%	2.4%	2.4%	2.4%	4.0%	2.6%	2.7%	2.0%	2.2%	2.1%	2.0%	2.8%
OM Tenant Retention Rate (Trailing 12 Months)(%)	92.4%	92.8%	90.2%	85.8%	86.2%	94.2%	94.4%	93.6%	93.4%	92.7%	92.7%	93.1%
OM Health System Affiliated Properties (% of NOI)(%)	99.7%	99.7%	99.6%	99.6%	89.6%	89.4%	89.0%	89.3%	89.7%	87.6%	88.9%	87.7%
OM Investment Grade Tenants (% of Rental Income)(%)	92.7%	94.7%	94.8%	91.0%	80.1%	61.0%	60.9%	59.7%	57.4%	56.3%	55.6%	55.2%
OM Weighted Average Remaining Lease Term (WALT, Years)(years)	12.5	11.8	12.1	11.8	11.2	7.2	7.1	7.0	7.0	6.8	6.6	6.5
OM Average Building Size (Square Feet)	75,866	75,866	71,557	70,997	70,506	60,164	60,071	59,869	60,418	60,360	59,095	58,591
Portfolio Average Building Age (Years)(years)4		20.0	19.0	20.0	20.0	20.0	19.0	19.0	20.0	20.0	19.0	20.0
Seniors Housing Operating (SHO) — Average Building Age (Years)(years)		17.0	16.0	16.0	17.0	17.0	16.0	16.0	17.0	17.0	17.0	17.0
Seniors Housing Triple-Net (SH NNN) — Average Building Age (Years)(years)		24.0	24.0	23.0	19.0	19.0	18.0	19.0	19.0	19.0	18.0	18.0
Outpatient Medical (OM) — Average Building Age (Years)(years)	11.0	11.0	15.0	19.0	20.0	20.0	19.0	19.0	19.0	19.0	18.0	19.0
Long-Term / Post-Acute Care (LT/PAC) — Average Building Age (Years)(years)		35.0	34.0	34.0	34.0	34.0	33.0	32.0	32.0	32.0	32.0	32.0
Annualized In-Place Net Operating Income (IPNOI) — Diversification($M)19	5,079	4,866	4,364	4,160	3,295	3,547	3,337	2,982	2,828	2,725	2,610	2,457
Seniors Housing Operating (SHO) — Annualized In-Place NOI($M)	3,554	3,403	3,040	2,855	2,226	2,090	1,909	1,690	1,613	1,459	1,344	1,220
SHO Share of Total In-Place NOI (%)(%)	70.0%	69.9%	69.6%	68.6%	67.6%	58.9%	57.2%	56.7%	57.0%	53.5%	51.5%	49.6%
Seniors Housing Triple-Net (SH NNN) — Annualized In-Place NOI($M)	604	624	623	613	340	358	341	340	340	396	407	385
SH NNN Share of Total In-Place NOI (%)(%)	11.9%	12.8%	14.3%	14.7%	10.3%	10.1%	10.2%	11.4%	12.0%	14.5%	15.6%	15.7%
Outpatient Medical (OM) — Annualized In-Place NOI($M)	115	117	117	116	129	570	561	548	543	533	526	523
OM Share of Total In-Place NOI (%)(%)	2.3%	2.4%	2.7%	2.8%	3.9%	16.1%	16.8%	18.4%	19.2%	19.6%	20.2%	21.3%
Long-Term / Post-Acute Care (LT/PAC) — Annualized In-Place NOI($M)	807	722	585	576	600	529	526	404	332	338	332	329
LT/PAC Share of Total In-Place NOI (%)(%)	15.8%	14.9%	13.4%	13.9%	18.2%	14.9%	15.8%	13.5%	11.8%	12.4%	12.7%	13.4%
United States — Annualized In-Place NOI (All Segments)($M)	3,408	3,268	2,952	2,803	2,649	2,953	2,788	2,494	2,397	2,332	2,240	2,114
United States — SHO Annualized In-Place NOI($M)	2,269	2,191	2,020	1,884	1,702	1,628	1,482	1,302	1,277	1,154	1,061	951
United States — SH NNN Annualized In-Place NOI($M)	217	239	237	233	225	233	226	246	252	314	327	319
United States Share of Total In-Place NOI (%)(%)	67.1%	67.2%	67.6%	67.4%	80.4%	83.3%	83.5%	83.6%	84.8%	85.6%	85.8%	86.1%
United Kingdom — Annualized In-Place NOI (All Segments)($M)	1,218	1,153	1,125	1,094	375	338	315	275	220	190	195	176
United Kingdom — SHO Annualized In-Place NOI($M)	831	768	742	718	263	216	203	184	135	111	118	112
United Kingdom — SH NNN Annualized In-Place NOI($M)	386	385	383	376	112	122	113	90.7	84.6	78.6	76.5	63.2
United Kingdom Share of Total In-Place NOI (%)(%)	24.0%	23.7%	25.8%	26.3%	11.4%	9.5%	9.4%	9.2%	7.8%	7.0%	7.5%	7.1%
Canada — Annualized In-Place NOI (All Segments)($M)	454	444	288	263	271	256	234	213	211	204	175	167
Canada — SHO Annualized In-Place NOI($M)	454	444	278	253	261	246	224	203	201	194	165	157
Canada Share of Total In-Place NOI (%)(%)	8.9%	9.1%	6.6%	6.3%	8.2%	7.2%	7.1%	7.2%	7.4%	7.4%	6.7%	6.8%
Pro Rata Net Operating Income (NOI) & Revenue / Expense Breakdown($M)10	1,497	1,421	1,333	1,262	1,126	1,046	975	857	858	729	772	722
Consolidated Net Operating Income (GAAP Basis)($M)	1,470	1,395	1,297	1,247	1,109
NOI Attributable to Unconsolidated Entities (Welltower Share)($M)	37.7	37.8	48.2	26.4	29.3
NOI Attributable to Noncontrolling Interests (Minority Share)($M)	-11	-10.9	-11.8	-11.2	-12.3
Pro Rata NOI — Seniors Housing Operating (SHO)($M)	904	866	774	688	573	543	491	442	390	372	347	303
Pro Rata NOI — Seniors Housing Triple-Net (SH NNN)($M)	194	193	186	164	95	99.9	100	61.3	110	23.9	104	110
Pro Rata NOI — Outpatient Medical (OM)($M)	36	41.5	56.3	104	153	151	148	144	144	138	138	137
Pro Rata NOI — Long-Term / Post-Acute Care (LT/PAC)($M)	251	214	197	209	181	162	142	118	102	101	101	92.9
Pro Rata NOI — Corporate($M)	111	107	119	97.9	123	91	93.7	92.1	112	94.4	82	79.2
Pro Rata Total Revenues by Type & Segment($M)13	3,779	3,604	3,418	3,224	2,736	2,589	2,465	2,302	2,104	1,874	1,887	1,775
Pro Rata Resident Fees & Services Revenue($M)	3,162	3,021	2,814	2,588	2,101	2,003	1,898	1,805	1,554	1,435	1,379	1,280
Pro Rata Rental Income($M)	494	464	458	527	501	483	461	385	428	333	416	402
Pro Rata Interest Income($M)	93.7	89.1	93.5	56.2	70.5	65.3	65.7	74.4	72.7	67.2	56.9	55.3
Pro Rata Other Income($M)	29.9	29.2	51.9	52.5	63.7	37.6	40	37.1	49.4	38.6	35.1	37.7
Pro Rata Revenue — Seniors Housing Operating (SHO)($M)	3,166	3,025	2,817	2,591	2,103	2,008	1,901	1,808	1,557	1,438	1,382	1,285
SHO Pro Rata Resident Fees & Services Revenue($M)	3,162	3,021	2,814	2,588	2,101	2,003	1,898	1,805	1,554	1,435	1,379	1,280
Pro Rata Revenue — Seniors Housing Triple-Net (SH NNN)($M)	199	197	191	168	99.5	105	106	67.1	117	31.1	112	117
SH NNN Pro Rata Rental Income($M)	199	197	191	168	99.4	104	103	58.9	116	30.1	111	116
Pro Rata Revenue — Outpatient Medical (OM)($M)	43.5	51.4	76.5	149	219	216	215	205	209	202	203	192
OM Pro Rata Rental Income($M)	42.7	50.6	75.4	148	217	214	213	203	207	199	201	190
Pro Rata Revenue — Long-Term / Post-Acute Care (LT/PAC)($M)	252	217	200	212	185	165	146	123	105	104	104	96.2
LT/PAC Pro Rata Rental Income($M)	252	217	192	212	184	165	145	123	105	104	104	96.1
Pro Rata Revenue — Corporate($M)	119	114	134	104	129	95.8	97.8	98.5	116	99.1	85.6	85.2
Pro Rata Property Operating Expenses by Segment($M)4	2,283	2,183	2,085	1,961	1,610	1,543	1,490	1,444	1,246	1,145	1,115	1,053
Pro Rata Property Operating Expenses — SHO($M)	2,262	2,159	2,043	1,903	1,530	1,465	1,411	1,366	1,167	1,066	1,035	982
Pro Rata Property Operating Expenses — SH NNN($M)	4.50	4.50	4.80	4.50	4.50	4.80	5.20	5.80	6.10	7.20	7.60	6.70
Pro Rata Property Operating Expenses — OM($M)	7.50	9.90	20.2	45	65.9	65.2	66.8	61.4	64.8	63.4	65.2	55.1
Pro Rata Property Operating Expenses — LT/PAC($M)	1.60	2.80	2.90	3	3.60	3.70	3.50	4.10	3.40	3.50	3.40	3.30

Normalized FFO Attributable to Common Stockholders($M)3	1,259	1,180	1,067	1,028	919	857	787	716	688	637	585	530
Normalized FFO per Diluted Share($)2	1.67	1.60	1.47	1.45	1.34	1.28	1.20	1.13	1.11	1.05	1.01	0.96
Full-Year Guidance: Normalized FFO per Diluted Share (Low)($)	6.47	6.36	6.21	6.09	5.24	5.06	4.90	4.79	4.27	4.13	4.02
Full-Year Guidance: Normalized FFO per Diluted Share (High)($)	6.53	6.44	6.35	6.25	5.30	5.14	5.04	4.95	4.33	4.21	4.15
Normalized FFO Dividend Payout Ratio(%)	51.0%	46.0%	50.0%	51.0%	55.0%	52.0%	56.0%	59.0%	60.0%	58.0%	60.0%
NAREIT FFO Attributable to Common Stockholders($M)5	1,071	1,154	983	-597	824	826	765	637	636	494	557	492
NAREIT FFO per Diluted Share($)	1.42	1.56	1.35	-0.87	1.20	1.24	1.17	1	1.03	0.82	0.96	0.89
Full-Year Guidance: NAREIT FFO per Diluted Share (Low)($)	6.07	6.21	6.10		3.43	4.97	4.86	4.77	3.90	3.84	3.97	3.94
Full-Year Guidance: NAREIT FFO per Diluted Share (High)($)	6.13	6.29	6.24		3.49	5.05	5	4.93	3.96	3.92	4.10	4.10
Full-Year Guidance: GAAP Diluted EPS (Low)($)	3.31	3.11	3.24	3.11	0.82	1.86	1.70	1.60	1.75	1.52	1.48	1.21
Full-Year Guidance: GAAP Diluted EPS (High)($)	3.37	3.19	3.38	3.27	0.88	1.94	1.84	1.76	1.81	1.60	1.61	1.37
Adjusted EBITDA & Credit Coverage / Leverage Ratios($M)11	0	1,348	1,250	1,201	1,063	988	918	853	808	758	732	683
Adjusted EBITDA (Annualized)($M)	5,723	5,390	4,998	4,802	4,251	3,951	3,673	3,412	3,232	3,033	2,930	2,733
Adjusted EBITDA (Trailing 12 Months) — Discontinued after 2Q26($M)		4,860	4,501	4,169	3,822	3,567	3,338	3,152	2,982	2,816	2,669	2,509
EBITDA (Quarterly)($M)	5,286	1,321	1,579	911	956	942	883	759	995	777	651	619
EBITDA (Trailing 12 Months) — Discontinued after 2Q26($M)		4,767	4,388	3,692	3,540	3,578	3,414	3,182	3,042	2,682	2,509	2,373
Consolidated Net Debt($M)	0	16,121	13,637	14,528	10,019	11,556	12,222	11,897	12,071	11,164	11,807	13,739
Net Debt to Adjusted EBITDA Ratio (x)(×)	3.02	2.99	2.73	3.03	2.36	2.93	3.33	3.49	3.73	3.68	4.03	5.03
Net Debt to EBITDA Ratio (x)(×)		3.05	2.16	3.99	2.62	3.07	3.46	3.92	3.03	3.59	4.53	5.55
Interest Coverage Ratio (Quarterly, x)(×)	7.07	7.52	8.27	4.63	6.21	6.75	6.14	4.94	6.83	5.59	4.29	3.79
Adjusted Interest Coverage Ratio (Quarterly, x)(×)	7.66	7.67	6.54	6.10	6.90	7.08	6.38	5.56	5.55	5.46	4.82	4.18
Fixed Charge Coverage Ratio (Quarterly, x)(×)	6.40	6.76	7.59	4.27	5.60	6.03	5.58	4.51	6.37	5.21	3.98	3.52
Adjusted Fixed Charge Coverage Ratio (Quarterly, x)(×)	6.92	6.89	6.01	5.63	6.23	6.33	5.80	5.07	5.18	5.09	4.47	3.89
Components of NAV — Pro Rata Obligations, Other Assets & Development Pipeline($M)13	18,451	17,233	14,708	16,046	11,391	12,882	13,698	13,423	13,881	12,822	13,260	14,250
NAV Obligations — Total Pro Rata Debt($M)	20,439	18,988	19,263	20,561	17,870	16,978	16,715	16,702	16,944	15,193	15,314	16,881
Pro Rata Senior Unsecured Notes($M)	14,667	14,281	15,203	16,451	14,437	13,474	13,366	13,327	13,444	12,324	12,328	13,700
Pro Rata Secured Debt($M)	4,250	4,210	3,533	3,564	3,321	3,391	3,237	3,263	3,405	2,773	2,906	3,102
Pro Rata Financing Lease Liabilities — Discontinued after 2Q26($M)		497	527	545	112	113	112	113	95.9	95.8	80.5	79.7
NAV Obligations — Pro Rata Cash & Restricted Cash($M)	2,443	2,135	4,862	5,244	6,977	4,557	3,637	3,745	3,824	2,907	2,478	2,076
NAV Other Assets — Land Parcels & Predevelopment($M)	707	637	424	360	304	328	331	335	291	330	427	376
NAV Other Assets — Real Estate Loans Receivable($M)	1,134	4,342	4,131	3,174	2,930	2,989	2,882	2,689	2,691	2,622	2,148	2,037
NAV Development Pipeline — Total Committed Balances($M)4	2,102	1,470	1,232	1,360	885	1,290	1,669	2,057	2,249	2,297	2,540	2,410
Development Pipeline — Current Construction in Progress (CIP) Balance($M)	1,198	714	653	781	580	891	1,167	1,474	1,556	1,542	1,606	1,373
Development Pipeline — Unfunded Commitments($M)	903	756	578	579	305	400	502	584	693	755	933	1,038
Development Pipeline — Projected Stabilized Yield (%)(%)	9.8%	10.5%	10.8%	10.4%	7.7%	7.8%	7.4%	7.3%	7.1%	7.1%	7.0%	7.1%
Development Pipeline — Projected Annualized NOI($M)	206	154	133	141	68.1	101	124	150	160	163	178	171
NAV In-Place Units — Seniors Housing Operating (SHO)	175,245	170,828	162,658	159,791	131,552	128,739	124,378	116,895	112,189	103,068	98,071	97,943
NAV In-Place Units — Seniors Housing Triple-Net (SH NNN)	26,971	28,649	29,111	28,895	19,483	19,999	19,945	21,168	20,847	25,288	26,144	26,228
NAV In-Place Square Feet — Outpatient Medical (OM)	4,130,660	4,130,660	4,130,660	4,150,913	4,377,989	21,881,528	21,775,061	21,430,682	21,476,752	21,316,308	20,935,057	21,061,293
NAV In-Place Beds — Long-Term / Post-Acute Care (LT/PAC)	52,170	47,408	40,240	41,339	45,632	40,758	40,578	34,665	33,755	31,966	31,554	31,554
NAV Diluted Common Shares & OP Units (Thousands)	752,162	740,776	726,394	716,258	686,356	667,752	654,627	637,546	620,253	610,187	593,424	566,432
Quarterly Capital Allocation — Pro Rata Gross Investments($M)12	4,114	6,307	3,289	13,922	1,858	1,158	2,802	2,419	2,418	1,675	449	3,029
Gross Investments Blended Initial Yield (%)(%)	5.6%	6.0%	7.6%	7.8%	7.8%	5.7%	7.7%	8.2%	6.6%	7.5%	6.9%	7.4%
Acquisitions & Loan Funding Volume($M)	3,868	6,226	3,215	13,810	1,762	1,045	2,660	2,186	2,214	1,423	208	2,752
Acquisitions — Properties Count	87	138	40	753	62	57	88	62	40	18	3	82
Acquisitions — Initial Yield (%)(%)	5.3%	6.0%	7.6%	7.4%	7.8%	5.5%	7.7%	8.2%	6.7%	7.6%	6.8%	7.4%
Real Estate Loan Funding Volume($M)	300	369	1,841	1,179	411	65.7	47.3	47.6	63.5	486	147	216
Development & Redevelopment Funding Volume($M)	246	81.1	73.7	112	96.2	113	142	233	203	251	241	277
Development Funding — Projects Count	66	46	45	48	27	31	36	49	50	53	56	51
Development Funding — Projected Yield (%)(%)	8.1%	7.8%	9.6%	9.8%	7.5%	7.5%	7.3%	7.8%	6.8%	7.0%	7.1%	7.0%
Dispositions & Loan Repayments Proceeds($M)	484	843	2,780	7,455	144	121	504	464	384	579	107
Dispositions — Properties Count	32	20	105	303	5	1	24	24	2	20	10
Dispositions — Exit Yield (%)(%)	5.2%	6.2%	7.6%	7.1%	10.9%	10.6%	7.8%	7.9%	6.3%	5.7%	5.0%
Net Investment Activity — Discontinued after 2Q26($M)		5,464	510	6,466	1,714	1,037	2,298	1,955	2,034	1,096	342	2,986
Consolidated Real Estate Investments & Debt Disaggregation (10-K/10-Q/8-K)($M)8	48,353	62,966	57,803	57,911	48,353	47,382	46,086	43,852	41,868	39,371	38,757	38,776
Net Real Estate Property (Owned Properties after Depreciation)($M)	45,328	58,054	53,155	53,423	45,328	44,301	43,083	40,673	39,200	37,219	36,983	37,063
Land and Land Improvements (Gross)($M)	5,147	7,236	6,736	6,681	5,147	5,795	5,553	5,271	5,075	4,839	4,755	4,698
Buildings and Improvements (Gross)($M)	42,497	57,961	52,873	52,058	42,497	46,583	44,794	42,208	40,647	38,541	37,842	37,797
Accumulated Depreciation on Real Estate($M)	10,107	11,534	10,822	10,351	10,107	11,673	11,093	10,626	10,277	9,908	9,538	9,275
Real Estate Loans Receivable, Net($M)	1,774	2,953	2,568	1,831	1,774	1,802	1,773	1,805	1,841	1,791	1,426	1,362
Investments in Unconsolidated Entities (JVs)($M)	1,836	2,002	2,045	1,810	1,836	1,964	1,787	1,769	1,743	1,710	1,720	1,637
Real Estate Assets Held for Sale($M)	5,091	375	749	1,450	5,091	109	95.7	51.9	111	81	422	373
Senior Unsecured Notes & Term Loans (Carrying Value)($M)	14,365	14,295	15,160	16,384	14,365	13,449	13,219	13,162	13,295	12,170	12,172	13,552

Ventas, Inc. (NYSE: VTR) — Total Revenues($M)1		1,730	1,657		1,489	1,421	1,358		1,236	1,201	1,200
Ventas (VTR) — Total Assets($M)		29,656	27,687	27,592	26,926	26,475	26,032	26,187	25,347	24,530	24,673	24,725
Healthpeak Properties, Inc. (NYSE: DOC) — Total Revenues($M)3		217	200		151	149	149		143	141	139
Healthpeak (DOC) — Net Real Estate Investment Property($M)		16,864	16,837	16,099	15,831	15,820	15,840	15,831	15,892	16,398	16,663	13,028
Healthpeak (DOC) — Total Assets($M)		21,680	21,616	20,336	19,582	19,810	19,816	19,938	19,970	20,180	20,542	15,699
Healthpeak (DOC) — Net Income Attributable to Common Stockholders($M)		52.8	194		-117	31.7	42.8		85.9	146	6.70
Omega Healthcare Investors, Inc. (NYSE: OHI) — Total Revenues($M)2		14	6.70		312	283	277		276	253	243
Omega Healthcare (OHI) — Net Real Estate Investment Property($M)		6,468	6,470	6,703	6,742	6,795	6,333	6,339	6,292	5,877	5,834	5,903
Omega Healthcare (OHI) — Total Assets($M)		10,015	10,235	10,049	10,596	10,547	9,706	9,898	9,572	8,849	9,012	9,117
American Healthcare REIT, Inc. (NYSE: AHR) — Total Revenues($M)3		635	610		532	501	497		477	458	452
American Healthcare REIT (AHR) — Net Real Estate Investment Property($M)		4,419	4,320	4,183	3,599	3,346	3,337	3,367	3,536	3,510	3,479	3,425
American Healthcare REIT (AHR) — Total Assets($M)		5,704	5,599	5,426	4,770	4,507	4,464	4,488	4,677	4,645	4,703	4,578
American Healthcare REIT (AHR) — Net Income (Loss)($M)		30.6	23.7		55.9	9.90	-6.80		-4.10	2	-3.90
US Employment: Nursing & Residential Care Facilities (BLS CES6562300001, Thousands)2	3,489	3,496	3,471	3,456	3,439	3,421	3,403	3,373	3,332	3,314	3,286	3,240
US Employment: Ambulatory Health Care Services / Outpatient (BLS CES6562100001, Thousands)	9,266	9,227	9,185	9,121	9,053	8,988	9,013	8,954	8,864	8,785	8,681	8,603
US Average Hourly Earnings: Education & Health Services (BLS CES6500000003, $/hour)($)	36.38	36.24	36.17	36.01	35.67	35.44	35.25	34.87	34.53	34.17	33.81	33.53
US CPI: Medical Care Services (BLS CUSR0000SAM2, Index 1982-84=100)(×)2	654.70	650.90	647.60		638.40	630.60	623.40	619.60	613.00	611.40	605.80	597.90
US CPI: Rent of Primary Residence (BLS CUSR0000SEHA, Index)(×)	449.40	446.40	442.00		437.20	434.00	430.40	426.40	422.50	417.90	413.40	408.40
US CPI: Owners' Equivalent Rent of Residences (BLS CUSR0000SEHC, Index)(×)	444.00	440.60	435.90		430.20	426.60	422.50	418.50	413.90	409.40	404.40	398.70
US Private Healthcare Construction Spending (Census TLHLTHCONS, $M SAAR)($M)3		75,095	74,558	76,387	76,886	77,485	76,520	72,767	70,033	68,868	69,007	68,756
US Private Commercial Construction Spending (Census TLCOMCONS, $M SAAR)($M)		123,419	124,142	125,111	128,926	130,798	132,400	131,724	133,923	136,431	144,254	150,094
US Housing Starts: 5+ Unit Multifamily Structures (Census HOUST5F, Thousands SAAR)	403	432	455	380	444	394	363	360	334	320	334	407
US Rental Vacancy Rate (Census ERENTUSQ176N, %)(%)		3,727.0%	3,674.0%	3,561.0%	3,547.0%	3,546.0%	3,533.0%	3,393.0%	3,409.0%	3,241.0%	3,184.0%	3,220.0%
10-Year US Treasury Constant Maturity Rate (DGS10, %)(%)3	4.8%	4.4%	4.2%	4.1%	4.3%	4.4%	4.5%	4.3%	4.0%	4.4%	4.2%	4.4%
30-Year Fixed Rate Mortgage Average in the US (MORTGAGE30US, %)(%)	6.7%	6.4%	6.1%	6.2%	6.6%	6.8%	6.8%	6.7%	6.5%	7.0%	6.8%	7.3%
USD / GBP Foreign Exchange Rate (DEXUSUK, USD per £1)($)	1.34	1.34	1.35	1.33	1.35	1.34	1.26	1.28	1.30	1.26	1.27	1.24
CAD / USD Foreign Exchange Rate (DEXCAUS, CAD per $1)($)	1.40	1.38	1.37	1.39	1.38	1.38	1.43	1.40	1.36	1.37	1.35	1.36

GAAP Segment Revenue — Seniors Housing Operating (DB)($M)2		2,995	2,790	2,575	2,070	1,976	1,868	1,764	1,514	1,395	1,362	1,259
SHO Segment Property Operating Expenses (cost-of-revenue, DB)($M)		2,128	2,015	1,877	1,499	1,438	1,385	1,334	1,136	1,035	1,019	968
SHO Segment Total Assets (DB)($M)		48,706	42,770	42,015	33,567	33,038	31,598	30,094	28,900	26,008	25,010	24,622
GAAP Segment Revenue — Triple-Net (DB)($M)2		415	392	382	287	274	255	195	229	142	223	111
Triple-Net Segment Property Operating Expenses (cost-of-revenue, DB)($M)		7.30	7.80	7.50	8.20	8.70	8.80	10.1	9.30	10.5	10.8	9.80
Triple-Net Segment Total Assets (DB)($M)		14,242	12,871	13,448	9,435	8,880	8,757	7,934	9,845	9,455	9,884	8,394
GAAP Segment Revenue — Outpatient Medical (DB)($M)2		45.8	71.1	144	215	212	211	202	205	197	198	188
Outpatient Medical Segment Property Operating Expenses (cost-of-revenue, DB)($M)		7.70	17.8	42.5	63.3	62.8	64.6	59.2	62.8	61.2	62.5	52.7
Outpatient Medical Segment Total Assets (DB)($M)		1,915	2,404	3,322	7,497	7,496	7,538	7,531	7,553	7,487	7,415	7,327
GAAP Consolidated Total Revenues (DB + 3Q26 8-K)($M)16	3,716	3,545	3,352	3,181	2,686	2,548	2,423	2,251	2,056	1,825	1,860	1,750
Property Operating Expenses (cost-of-revenue)($M)	2,246	2,150	2,055	1,934	1,577	1,515	1,462	1,409	1,213	1,111	1,097	1,036
General & Administrative Expenses($M)	67.2	67.5	67.5	1,557	63.1	64.2	63.8	48.7	77.9	55.6	53.3	44.3
Depreciation & Amortization($M)	707	738	623	594	510	495	486	480	404	382	366	381
Impairment of Assets (DB)($M)		25.8	4.80	45.9	3.10	19.9	52.4	23.6	23.4	2.40	43.3	15
Provision for Credit Losses (DB)($M)		2.20	1.60	-7.40	1.10	-1.10	-2	-0.20	4.20	5.20	1	2.50
Income Tax (Expense) Benefit (DB)($M)		-62	11.6	-5	2.30	1.10	-5.50	0.10	-4.70	1.10	6.20	-4.80
Income (Loss) from Unconsolidated Entities (DB)($M)		-18	-1.70	4.40	-12.6	-7.40	1.30	6.40	-4	4.90	-7.80	-2
Income from Continuing Operations (DB)($M)		463	752	118	282	305	257	124	457	261	132	88.4
Consolidated Net Income (DB)($M)		463	752	118	282	305	257	124	457	261	132	88.4
Net Income Attributable to Noncontrolling Interests (DB)($M)		18	23.7	21.3	1.60	2.70	-0.70	3.80	7	6	4.50	4.50
Net Income Attributable to Common Stockholders($M)	397	445	729	96.4	281	302	258	120	450	255	127	83.9
GAAP Basic EPS (DB)($)		0.63	1.04		0.42	0.46	0.40		0.74	0.42	0.22
GAAP Diluted EPS (DB)($)		0.61	1.02		0.41	0.45	0.40		0.73	0.42	0.22
Common Dividends Declared per Share (DB)($)		0.74	0.74	0.74	0.74	0.67	0.67	0.67	0.67	0.61	0.61	0.61
Weighted-Average Basic Shares Outstanding (Millions, DB)(M)		710	700		672	657	643		611	601	574
Weighted-Average Diluted Shares Outstanding (Millions, DB)(M)		738	726		685	668	654		618	605	578
GAAP Consolidated Total Assets (DB)($M)13		69,875	67,221	67,303	59,505	55,834	53,294	51,044	48,954	45,534	44,554	44,012
Cash and Cash Equivalents (DB)($M)		1,965	4,704	5,034	6,807	4,524	3,610	3,712	3,784	2,864	2,478	2,076
Accounts and Notes Receivable (DB)($M)		284	284	251	609	230	222	223	247	348	339	330
Goodwill (DB)($M)		349	343	346	206	209	200	149	68.3	68.3	68.3	68.3
Intangible Assets, Net (DB)($M)		878	784	909	384	655	693	666	484	449	477	515
Total Liabilities (DB)($M)		22,212	22,291	24,100	20,192	19,287	18,712	18,472	17,890	15,845	16,006	17,640
Operating Lease Liabilities (DB)($M)		1,502	1,529	1,643	1,204	1,227	1,178	1,150	301	302	301	304
Total Stockholders' Equity (DB)($M)		46,414	43,794	42,130	38,757	35,901	33,957	31,956	30,334	28,976	27,548	25,404
Capital in Excess of Par Value (APIC, DB)($M)		55,180	52,410	50,899	47,055	43,949	42,031	40,017	37,949	36,693	35,105	32,742
Cumulative Net Income / Retained Earnings (DB)($M)		12,207	11,762	11,034	10,937	10,657	10,355	10,097	9,977	9,527	9,272	9,145
Accumulated Other Comprehensive Income (Loss) (DB)($M)		-422	-343	-288	-217	-166	-310	-360	-195	-247	-181	-163
Noncontrolling Interests (Balance Sheet, DB)($M)		1,025	939	810	271	363	348	360	460	450	699	677
Total Equity (DB)($M)		47,439	44,733	42,940	39,028	36,263	34,305	32,316	30,794	29,426	28,247	26,081
Common Shares Outstanding at Period End (Millions, DB)(M)		719	705	697	684	665	652	635	618	608	591	564
GAAP Operating Cash Flow (DB, Q2–Q4 split from YTD)($M)7		1,004	670	654	858	770	599	559	685	605	407	371
Stock-Based Compensation Expense (Cash Flow, DB)($M)		16.5	18.8	1,508	15.6	15.3	17.5	13.5	39.9	10.3	12	8.40
Investing Cash Flow (DB)($M)		-5,266	-807	-5,455	-1,630	-1,399	-2,028	-2,206	-1,450	-1,279	-581	-3,144
Proceeds from Sales of Real Estate Property (DB)($M)		636	1,718	5,136	111	93.1	318	191	16	84.9	44.8	12.8
Financing Cash Flow (DB)($M)		1,534	-200	3,033	3,241	1,419	1,308	1,590	1,678	1,059	579	2,138
Cash Dividends Paid to Stockholders (DB)($M)		-524	-521	-510	-497	-439	-432	-418	-409	-366	-352	-338
Cash Paid for Interest, Net of Amounts Capitalized (DB)($M)		126	216	206	121	123	129	202	110	131	149	206
Cash Paid for Income Taxes (DB)($M)		15.5	20.1	0.40	3.50	7.60	11.3	0	-0.70	5.90	3.30	3.60

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics

Welltower Inc.'s latest reported quarter is Q3 2026 (ended September 30, 2026, filed on Form 8-K on October 26, 2026); SEC Form 10-Q / Postgres DB series and peer XBRL series cover through Q2 2026.
Operational KPIs (Properties, Units/Beds/SqFt, Occupancy, Same Store NOI, SHO RevPOR & ExpPOR, Same Store Expense Breakdown, EBITDAR/EBITDARM Coverage, Private-Pay Mix, In-Place NOI Diversification, Pro Rata NOI, NAREIT/Normalized FFO, Adjusted EBITDA, NAV Components, and Capital Allocation) are extracted from 36 consecutive Form 8-K Quarterly Supplemental Information & Earnings Release filings (FY2017Q4–FY2026Q3).
Comparative historical quarters in the 5-quarter supplemental tables use the latest published revision so that same-store pools and restatements are internally consistent.
Form 10-K Schedule III (Real Estate & Accumulated Depreciation) and Schedule IV (Mortgage Loans on Real Estate), corporate headcount by country, Sustainability/ESG & Green Bond Allocation metrics, and audited UK Companies House statutory accounts (Care UK, HC-One, Ideal Carehomes, Aria Healthcare, HCN UK) are reported on an annual basis.
All figures are strictly as published by Welltower, UK Companies House, SEC XBRL, or FRED; no custom ratios, sums, or estimates are computed. The only arithmetic is in the database group: Q4 = full year − nine months and quarterly cash flow = year-to-date − prior year-to-date (shown in italic with the formula).
U.S. GAAP filings for Welltower Inc. do not include parent-only financial statements (Regulation S-X Schedule I is not required), so consolidated − standalone subtraction is not applicable; instead, audited UK subsidiary accounts from UK Companies House are presented directly in their own group.

Not shown because recent periods are missing (16)

Core Operational KPIs (Portfolio Scale, Occupancy, SSNOI, RevPOR/ExpPOR & Coverage) › Same Store Net Operating Income (SSNOI) — Total Portfolio › Total Portfolio Same Store NOI Growth y/y (stated) › Full-Year Guidance: Blended SSNOI Growth (Midpoint)
Core Operational KPIs (Portfolio Scale, Occupancy, SSNOI, RevPOR/ExpPOR & Coverage) › Same Store Net Operating Income (SSNOI) — Total Portfolio › Seniors Housing Operating (SHO) — Same Store NOI › Full-Year Guidance: SHO SSNOI Growth (Midpoint)
Core Operational KPIs (Portfolio Scale, Occupancy, SSNOI, RevPOR/ExpPOR & Coverage) › Same Store Net Operating Income (SSNOI) — Total Portfolio › Seniors Housing Triple-Net (SH NNN) — Same Store NOI › Full-Year Guidance: SH NNN SSNOI Growth (Midpoint)
Core Operational KPIs (Portfolio Scale, Occupancy, SSNOI, RevPOR/ExpPOR & Coverage) › Same Store Net Operating Income (SSNOI) — Total Portfolio › Outpatient Medical (OM) — Same Store NOI › Full-Year Guidance: OM SSNOI Growth (Midpoint)
Core Operational KPIs (Portfolio Scale, Occupancy, SSNOI, RevPOR/ExpPOR & Coverage) › Same Store Net Operating Income (SSNOI) — Total Portfolio › Long-Term / Post-Acute Care (LT/PAC) — Same Store NOI › Full-Year Guidance: LT/PAC SSNOI Growth (Midpoint)
Core Operational KPIs (Portfolio Scale, Occupancy, SSNOI, RevPOR/ExpPOR & Coverage) › SHO Same Store RevPOR (Revenue per Occupied Room / Month) › SHO Same Store ExpPOR (Expenses per Occupied Room / Month) › SHO Same Store ExpPOR Growth y/y (stated)
REIT Valuation (FFO, EBITDA, NAV Components), Capital Allocation & Schedule III/IV › Components of NAV — Pro Rata Obligations, Other Assets & Development Pipeline › Pro Rata Lines of Credit & Commercial Paper
REIT Valuation (FFO, EBITDA, NAV Components), Capital Allocation & Schedule III/IV › Consolidated Real Estate Investments & Debt Disaggregation (10-K/10-Q/8-K) › Secured Debt (Carrying Value)
REIT Valuation (FFO, EBITDA, NAV Components), Capital Allocation & Schedule III/IV › Consolidated Real Estate Investments & Debt Disaggregation (10-K/10-Q/8-K) › Unsecured Revolving Credit Facility — Average Quarterly Balance
REIT Valuation (FFO, EBITDA, NAV Components), Capital Allocation & Schedule III/IV › Consolidated Real Estate Investments & Debt Disaggregation (10-K/10-Q/8-K) › Unsecured Revolving Credit Facility — Maximum Quarterly Balance
REIT Valuation (FFO, EBITDA, NAV Components), Capital Allocation & Schedule III/IV › Consolidated Real Estate Investments & Debt Disaggregation (10-K/10-Q/8-K) › Unsecured Revolving Credit Facility — Effective Interest Rate (%)
Sustainability / ESG, Green Building Certifications, Green Bonds & Human Capital › Corporate Employees & Workforce Metrics (Form 10-K & ESG Reports) › Corporate Female Employees Count
Sustainability / ESG, Green Building Certifications, Green Bonds & Human Capital › Corporate Employees & Workforce Metrics (Form 10-K & ESG Reports) › Corporate Male Employees Count
Healthcare REIT Peers (VTR, DOC, OHI, AHR) & Industry / Macro Benchmarks (FRED) › Ventas, Inc. (NYSE: VTR) — Total Revenues › Ventas (VTR) — Net Real Estate Investment Property
GAAP Financial & Segment Context (Database) › GAAP Consolidated Total Revenues (DB + 3Q26 8-K) › Income Before Income Taxes and Other Items (DB)
GAAP Financial & Segment Context (Database) › GAAP Operating Cash Flow (DB, Q2–Q4 split from YTD) › Net Proceeds from Issuance of Common Stock (DB)

Data updated 2026-10-28.

Every KPI on its own page

Full history, chart, sources and a citation for each metric

Welltower Inc. (WELL) operating KPIs

KPIs

Every KPI on its own page

Core Operational KPIs (Portfolio Scale, Occupancy, SSNOI, RevPOR/ExpPOR & Coverage)

Seniors Housing Operating (SHO / RIDEA) — Country Performance & Expense Breakdown

Outpatient Medical (OM), In-Place NOI Diversification & Pro Rata Segment P&L

REIT Valuation (FFO, EBITDA, NAV Components), Capital Allocation & Schedule III/IV

UK Operating Subsidiaries & Care Home Operators (UK Companies House Filings)

Sustainability / ESG, Green Building Certifications, Green Bonds & Human Capital

Healthcare REIT Peers (VTR, DOC, OHI, AHR) & Industry / Macro Benchmarks (FRED)

GAAP Financial & Segment Context (Database)