Operating Income for Welltower (WELL)
According to Welltower's latest reported financial statements, the company's current operating income (TTM) is $355.17M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
WELL
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$355.17M
YoY change
-69.0%
5Y CAGR
-13.4%
Peak year (2016)
$1.31B
Cumulative operating income
$15.99B
Operating Income history chart for Welltower (WELL) from 1985 to 2025
Operating Income history table for Welltower (WELL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $355.17M | -69.0% | ||
| 2024 | $1.15B | +21.8% | ||
| 2023 | $940.45M | +26.0% | ||
| 2022 | $746.22M | -2.2% | ||
| 2021 | $763.36M | +4.9% | ||
| 2020 | $727.45M | -41.2% | ||
| 2019 | $1.24B | +6.6% | ||
| 2018 | $1.16B | +4.8% | ||
| 2017 | $1.11B | -15.2% | ||
| 2016 | $1.31B | +5.0% | ||
| 2015 | $1.25B | +31.7% | ||
| 2014 | $945.24M | +36.3% | ||
| 2013 | $693.50M | +15.3% | ||
| 2012 | $601.22M | +30.4% | ||
| 2011 | $461.13M | +88.9% | ||
| 2010 | $244.06M | -8.6% | ||
| 2009 | $267.14M | -8.6% | ||
| 2008 | $292.12M | +24.6% | ||
| 2007 | $234.38M | +31.3% | ||
| 2006 | $178.45M | -1.2% | ||
| 2005 | $180.69M | +37.3% | ||
| 2004 | $131.57M | +18.2% | ||
| 2003 | $111.35M | +27.4% | ||
| 2002 | $87.40M | +15.5% | ||
| 2001 | $75.68M | -45.7% | ||
| 2000 | $139.45M | -5.9% | ||
| 1999 | $148.20M | +36.0% | ||
| 1998 | $109.00M | +37.5% | ||
| 1997 | $79.30M | +75.0% | ||
| 1996 | $45.31M | -221.3% | ||
| 1995 | -$37.36M | +1328.9% | ||
| 1994 | -$2.61M | -106.3% | ||
| 1993 | $41.20M | +26.8% | ||
| 1992 | $32.50M | -5.2% | ||
| 1991 | $34.30M | +17.9% | ||
| 1990 | $29.10M | -1.7% | ||
| 1989 | $29.60M | -0.7% | ||
| 1988 | $29.80M | +2.1% | ||
| 1987 | $29.20M | +32.7% | ||
| 1986 | $22.00M | +10.0% | ||
| 1985 | $20.00M | — |
Operating Income values are taken from Welltower's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Welltower (WELL) came in at $355.17M – plunged 69.0% year-over-year.
Across 2020–2025 (5 years), Welltower operating income produced a CAGR of -13.4% – with a net decline across the window.
Between 2016 and 2025, Welltower operating income plunged 72.8%, falling from $1.31B to $355.17M.
The dataset's maximum operating income sits at $1.31B (2016); the minimum reading of -$37.36M dates to 1995.
Welltower (WELL) sits 9th of 8 Real Estate peers we track on this metric, against a peer median of $2.05B.
Welltower Operating Income by Year
Welltower Operating Income 2025: $355.17M
Welltower operating income in 2025 was $355.17M, plunged 69.0% below 2024.
Welltower Operating Income 2024: $1.15B
Welltower operating income in 2024 was $1.15B, grew 21.8% from 2023.
Welltower Operating Income 2023: $940.45M
Welltower operating income in 2023 was $940.45M, grew 26.0% from 2022.
Welltower Operating Income 2022: $746.22M
Welltower operating income in 2022 was $746.22M, edged down 2.2% below 2021.
Welltower Operating Income 2021: $763.36M
Welltower operating income in 2021 was $763.36M.
See more financial history for Welltower (WELL).
Sector peers — Operating Income
Companies in the same sector as Welltower, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| CBRE Group, Inc. (CBRE) | $1.29B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
Frequently asked questions
What is Welltower's operating income?
- Latest reported operating income for Welltower (WELL) is $355.17M (period ending December 31, 2025).
How has Welltower operating income changed year-over-year?
- Welltower (WELL) operating income changed -69.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Welltower operating income?
- Welltower (WELL) operating income compound annual growth rate is -13.4% over the most recent 5 years available.
When did Welltower operating income hit its highest annual value?
- Welltower operating income reached its highest annual value of $1.31B in 2016.
What was Welltower operating income in 2024?
- Welltower (WELL) operating income in 2024 was $1.15B.
What was Welltower operating income in 2025?
- Welltower (WELL) operating income in 2025 was $355.17M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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