Welltower (WELL) balance sheet
NYSE · Real Estate · REIT - Healthcare Facilities · 712 employees · CEO Shankh S. Mitra
- Price
- $234.61 +0.62%
- Market cap
- $169B
- Enterprise value
- $188B
- Last report
- Q3 '26 filed 2026-10-27
- Next report
- 2027-02-09 EPS est. $0.69
At the end of Q3 '26 Welltower (WELL) held $2.27B in cash and short-term investments against $21.2B of debt incl. leases. Total assets $73.7B, total liabilities $23.8B, shareholders' equity $48.6B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.99B | $2.39B | $2.78B | $3.56B | $3.51B | $3.5B | $4.41B | $6.81B | $5.03B | $4.7B | $1.97B | $2.27B | |
| Receivables | $2.89B | $2.96B | $3.31B | $3.33B | $3.52B | $3.58B | $3.77B | $4.15B | $4.7B | $5.18B | $0 | $3.03B | |
| Other current assets | $82.4M | $89.8M | $87M | $219M | $205M | $108M | $114M | $134M | $176M | $116M | $132M | $141M | |
| Current assets | $4.96B | $5.43B | $6.18B | $7.11B | $7.23B | $7.19B | $8.29B | $11.1B | $9.91B | $10B | $2.1B | $5.45B | |
| Property, plant & equipment (net) | $351M | $349M | $360M | $358M | $1.2B | $1.23B | $1.28B | $1.25B | $2.16B | $2.02B | $60B | $61.2B | |
| Long-term investments | $1.64B | $1.72B | $1.71B | $2.21B | $1.94B | $1.79B | $1.96B | $1.84B | $1.81B | $2.05B | $2B | $2.05B | |
| Goodwill | $68.3M | $68.3M | $68.3M | $68.3M | $149M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Intangible assets | $0 | $0 | $0 | $0 | $666M | $693M | $2.78B | $0 | $0 | $0 | $3.17B | $0 | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$215M | $0 | |
| Other non-current assets | $37B | $37B | $37.2B | $39.2B | $39.9B | $42.4B | $41.5B | $45.3B | $53.4B | $53.2B | $2.6B | $4.97B | |
| Non-current assets | $39.1B | $39.1B | $39.4B | $41.8B | $43.8B | $46.1B | $47.5B | $48.4B | $57.4B | $57.2B | $67.8B | $68.3B | |
| Total assets | $44B | $44.6B | $45.5B | $49B | $51B | $53.3B | $55.8B | $59.5B | $67.3B | $67.2B | $69.9B | $73.7B | |
| Liabilities | |||||||||||||
| Accounts payable | $173M | $0 | $0 | $0 | $229M | $0 | $0 | $0 | $297M | $0 | $0 | $0 | |
| Accrued expenses | $422M | $1.42B | $1.52B | $1.73B | $569M | $1.7B | $1.98B | $2.03B | $791M | $2.31B | $2.49B | $2.68B | |
| Taxes payable | $130M | $0 | $0 | $0 | $141M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $375M | $0 | $0 | $0 | $431M | $0 | $0 | $0 | $501M | $0 | $0 | $0 | |
| Current liabilities | $1.1B | $1.42B | $1.52B | $1.73B | $1.37B | $1.7B | $1.98B | $2.03B | $1.86B | $2.31B | $2.49B | $2.68B | |
| Long-term debt | $15.7B | $14.2B | $13.9B | $15.8B | $15.5B | $15.7B | $16B | $16.9B | $19.2B | $17.9B | $17.7B | $19.2B | |
| Lease obligations (non-current) | $383M | $381M | $394M | $392M | $1.26B | $1.29B | $1.34B | $1.31B | $2.18B | $2.05B | $1.99B | $1.97B | |
| Other non-current liabilities | $422M | $0 | $0 | $0 | $344M | $0 | $0 | $0 | $864M | $0 | $0 | $0 | |
| Non-current liabilities | $16.5B | $14.6B | $14.3B | $16.2B | $17.1B | $17B | $17.3B | $18.2B | $22.2B | $20B | $19.7B | $21.2B | |
| Total liabilities | $17.6B | $16B | $15.8B | $17.9B | $18.5B | $18.7B | $19.3B | $20.2B | $24.1B | $22.3B | $22.4B | $23.8B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $566M | $593M | $610M | $620M | $637M | $652M | $665M | $684M | $697M | $705M | $719M | $732M | |
| Retained earnings | -$7.63B | -$7.85B | -$7.97B | -$7.92B | -$8.22B | -$8.4B | -$8.53B | -$8.75B | -$9.16B | -$8.96B | -$9.04B | -$9.26B | |
| Accumulated other comprehensive income | -$163M | -$181M | -$246M | -$195M | -$360M | -$310M | -$166M | -$217M | -$288M | -$342M | -$422M | -$415M | |
| Shareholders' equity | $25.4B | $27.5B | $29B | $30.3B | $32B | $34B | $35.9B | $38.8B | $42.1B | $43.8B | $46.4B | $48.6B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $16.1B | $14.6B | $14.3B | $16.2B | $16.8B | $17B | $17.3B | $18.2B | $21.4B | $20B | $19.7B | $21.2B | |
| Net debt (debt - cash) | $14.1B | $12.2B | $11.6B | $12.6B | $13.3B | $13.5B | $12.9B | $11.4B | $16.3B | $15.3B | $17.8B | $18.9B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $419M | $244M | $215M | $285M | $1.55B | $269M | $632M | $1.99B | $3.51B | $5.03B | |
| Receivables | $1.78B | $1.38B | $1.38B | $1.49B | $1.42B | $2.24B | $2.35B | $2.89B | $3.52B | $4.7B | |
| Other current assets | $188M | $65.5M | $101M | $101M | $476M | $77.5M | $90.6M | $82.4M | $205M | $176M | |
| Current assets | $2.39B | $1.69B | $1.7B | $1.88B | $3.44B | $2.58B | $3.08B | $4.96B | $7.23B | $9.91B | |
| Property, plant & equipment (net) | $24.5B | $24.6B | $27.1B | $536M | $466M | $523M | $324M | $351M | $1.2B | $2.16B | |
| Long-term investments | $457M | $446M | $483M | $583M | $946M | $1.04B | $1.5B | $1.64B | $1.94B | $1.81B | |
| Goodwill | $68.3M | $68.3M | $68.3M | $68.3M | $68.3M | $68.3M | $68.3M | $68.3M | $149M | $0 | |
| Intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $666M | $0 | |
| Other non-current assets | $25.9B | $25.7B | $28.1B | $30.3B | $27.6B | $30.7B | $32.9B | $37B | $39.9B | $53.4B | |
| Non-current assets | $26.5B | $26.3B | $28.6B | $31.5B | $29B | $32.3B | $34.8B | $39.1B | $43.8B | $57.4B | |
| Total assets | $28.9B | $27.9B | $30.3B | $33.4B | $32.5B | $34.9B | $37.9B | $44B | $51B | $67.3B | |
| Liabilities | |||||||||||
| Accounts payable | $0 | $0 | $0 | $58.6M | $102M | $175M | $217M | $173M | $229M | $297M | |
| Accrued expenses | $827M | $912M | $1.03B | $176M | $306M | $388M | $374M | $422M | $569M | $791M | |
| Short-term debt | $645M | $719M | $1.15B | $1.59B | $0 | $325M | $0 | $0 | $0 | $0 | |
| Taxes payable | $0 | $0 | $0 | $0 | $99.9M | $117M | $144M | $130M | $141M | $0 | |
| Deferred revenue | $0 | $0 | $0 | $183M | $115M | $336M | $433M | $375M | $431M | $501M | |
| Current liabilities | $1.47B | $1.63B | $2.18B | $2.1B | $623M | $1.34B | $1.17B | $1.1B | $1.37B | $1.86B | |
| Long-term debt | $11.6B | $10.9B | $12.1B | $13.3B | $13.8B | $13.8B | $14.5B | $15.7B | $15.5B | $19.2B | |
| Lease obligations (non-current) | $73.9M | $72.2M | $70.7M | $474M | $418M | $546M | $416M | $383M | $1.26B | $2.18B | |
| Other non-current liabilities | $0 | $0 | $0 | $494M | $419M | $220M | $367M | $422M | $344M | $864M | |
| Non-current liabilities | $11.7B | $11B | $12.2B | $14.3B | $14.6B | $14.6B | $15.3B | $16.5B | $17.1B | $22.2B | |
| Total liabilities | $13.2B | $12.6B | $14.3B | $16.4B | $15.3B | $15.9B | $16.5B | $17.6B | $18.5B | $24.1B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $363M | $372M | $384M | $411M | $419M | $449M | $492M | $566M | $637M | $697M | |
| Retained earnings | -$3.34B | -$4.16B | -$4.7B | -$4.87B | -$5.02B | -$5.72B | -$6.71B | -$7.63B | -$8.22B | -$9.16B | |
| Accumulated other comprehensive income | -$170M | -$111M | -$130M | -$112M | -$149M | -$121M | -$120M | -$163M | -$360M | -$288M | |
| Shareholders' equity | $14.8B | $14.4B | $14.6B | $15.5B | $16B | $17.6B | $20.3B | $25.4B | $32B | $42.1B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $12.4B | $11.7B | $13.3B | $15.4B | $14.2B | $14.7B | $15B | $16.1B | $16.8B | $21.4B | |
| Net debt (debt - cash) | $11.9B | $11.5B | $13.1B | $15.1B | $12.7B | $14.4B | $14.3B | $14.1B | $13.3B | $16.3B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01