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WELLTOWER INC.

LISTEDNYSE

SYMBOLWELL

SIC6798

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK766704

REAL ESTATE INVESTMENT TRUSTS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	19,197	31.3
Stockholders' equity	42,129	68.7
Total capitalization	61,327	100.0

705,914,450 shares outstanding at 24 April 2026 (cover page of the 10-Q filed 29 April 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	19,197

CAPITAL STOCK 12/31/25

Common shares authorized	1,400,000,000
Common shares issued	696,631,868
Par or stated value per share ($)	1
Outstanding at 4/24/26	705,914,450

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	2.82	202.9
2024	2.56	163.1
2023	2.44	369.7
2022	2.44	813.3
2021	2.44	312.8

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as HEALTH CARE REIT INC /DE/ (to 25 September 2015).

BUSINESS: Classified by the SEC under Standard Industrial Classification 6798, Real Estate Investment Trusts. Large accelerated filer. Principal executive office: 4500 Dorr Street, Toledo, OH 43615. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Total revenues	8,453	6,027	4,754
Rental revenue	1,968	1,570	1,556
Depreciation and amortization	2,085	1,632	1,401
Interest expense	–	–	608
Net income	962	973	358
Earned per share, diluted ($)	1.39	1.57	0.66
Dividends per share ($)	2.82	2.56	2.44

CONSOLIDATED BALANCE SHEET

($ millions)	12/31/25	12/31/24
Real estate, net	53,423	40,673
Cash and equivalents	5,034	3,507
Total assets	67,303	51,044
Debt	19,197	15,500
Total liabilities	24,100	18,472
Stockholders' equity	42,129	31,956

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
12/31/25	10,838	–	937	8.6	1.39	2.82	2,882	1,050	1,831	67,303	24,100	19,197	42,129	2.2	0.46
12/31/24	7,991	–	952	11.9	1.57	2.56	2,256	858	1,399	51,044	18,472	15,500	31,956	3.0	0.49
12/31/23	6,638	–	340	5.1	0.66	2.44	1,602	518	1,084	44,012	17,640	15,736	25,404	1.3	0.62
12/31/22	5,861	–	141	2.4	0.30	2.44	1,329	476	853	37,893	16,499	14,714	20,295	0.7	0.73
12/31/21	4,742	–	336	7.1	0.78	2.44	1,275	283	993	34,910	15,912	13,910	17,636	1.9	0.79
12/31/20	4,606	–	979	21.3	2.33	2.70	1,365	245	1,120	32,484	15,259	2,378	15,973	6.1	0.15
12/31/19	5,121	–	1,232	24.1	3.05	3.48	1,536	329	1,207	33,381	16,398	13,421	15,540	7.9	0.86
12/31/18	4,700	–	758	16.1	2.02	3.48	1,584	266	1,318	30,342	14,331	12,186	14,632	5.2	0.83
12/31/17	4,317	–	464	10.7	1.26	3.48	1,434	250	1,184	27,944	12,644	11,036	14,423	3.2	0.77
12/31/16	4,281	–	1,012	23.6	2.81	3.44	1,639	219	1,420	28,865	13,185	11,725	14,806	6.8	0.79

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

WELLTOWER INC.
CIK 766704 · EIN 34-1096634

PRINCIPAL OFFICE:

4500 Dorr Street, Toledo, OH 43615
Tel.: 419-247-2800

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

6798 · Real Estate Investment Trusts

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 12 February 2026

FORMER NAMES:

HEALTH CARE REIT INC /DE/

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

7/28/26	8-K	period 7/28/26
7/28/26	10-Q	period 6/30/26
7/27/26	8-K	period 7/27/26
7/13/26	8-K	period 7/13/26
6/1/26	8-K	period 6/1/26
5/22/26	8-K	period 5/21/26
4/29/26	8-K	period 4/29/26
4/29/26	10-Q	period 3/31/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/12/25) · 10-K FY2023 (filed 2/15/24) · 10-K FY2022 (filed 2/21/23) · 10-K FY2021 (filed 2/16/22) · 10-K FY2020 (filed 2/10/21) · 10-K FY2019 (filed 2/14/20) · 10-K FY2018 (filed 2/25/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.