WELL — Welltower Income Statement

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Annual income statement for Welltower, fiscal year end - December 31st, USD millions except per share, conversion factor applied.

	2021 December 31st	2022 December 31st	2023 December 31st	2024 December 31st	2025 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	10-K	10-K	10-K	10-K	10-K
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	4,742	5,861	6,638	7,991	10,838
Cost of Revenue
Gross Profit	1,998	2,331	2,718	3,209	4,463
Selling / General / Administrative Expenses
Depreciation and Amortization
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	4,089	5,150	5,682	6,920	10,644
Operating Profit	653	711	956	1,071	194
Total Net Non Operating Interest Income / Expense
Net Income Before Taxes	171	173	350	524	-480
Provision for Income Taxes
Net Income After Taxes	162	166	344	522	-473
Minority Interest
Equity in Affiliates
Net Income Before Extraordinary Items
Extraordinary Items
Net Income	336	141	340	952	937
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Dilution Adjustment
Diluted Net Income	336	141	340	953	944
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	0.461	0.328	0.612	0.999	-0.619
Dividends per Share