Total Debt for Welltower (WELL)
According to Welltower's latest reported financial statements, the company's latest reported total debt is $21.38B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

WELL
Currently viewingTotal DebtSwitch metric
Latest period
$21.38B
YoY change
+27.6%
5Y CAGR
+8.5%
Peak year (2025)
$21.38B
Latest annual
$21.38B
Total Debt history chart for Welltower (WELL) from 1985 to 2025
Total Debt history table for Welltower (WELL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $21.38B | +27.6% | ||
| 2024 | $16.76B | +4.0% | ||
| 2023 | $16.12B | +7.7% | ||
| 2022 | $14.96B | +2.0% | ||
| 2021 | $14.68B | +3.2% | ||
| 2020 | $14.22B | -7.6% | ||
| 2019 | $15.39B | +15.7% | ||
| 2018 | $13.30B | +13.3% | ||
| 2017 | $11.73B | -5.1% | ||
| 2016 | $12.36B | -4.7% | ||
| 2015 | $12.97B | +20.3% | ||
| 2014 | $10.78B | +1.2% | ||
| 2013 | $10.65B | +24.8% | ||
| 2012 | $8.53B | +17.8% | ||
| 2011 | $7.24B | +62.0% | ||
| 2010 | $4.47B | +85.2% | ||
| 2009 | $2.41B | -15.2% | ||
| 2008 | $2.85B | +5.3% | ||
| 2007 | $2.70B | +23.1% | ||
| 2006 | $2.20B | +46.5% | ||
| 2005 | $1.50B | +12.2% | ||
| 2004 | $1.34B | +31.8% | ||
| 2003 | $1.01B | +29.1% | ||
| 2002 | $785.83M | +60.0% | ||
| 2001 | $491.22M | +11.7% | ||
| 2000 | $439.75M | -18.4% | ||
| 1999 | $538.80M | +28.6% | ||
| 1998 | $419.00M | +68.2% | ||
| 1997 | $249.10M | -9.9% | ||
| 1996 | $276.50M | +2.6% | ||
| 1995 | $269.46M | +35.3% | ||
| 1994 | $199.17M | +106.8% | ||
| 1993 | $96.30M | -7.1% | ||
| 1992 | $103.70M | +14.8% | ||
| 1991 | $90.30M | -17.7% | ||
| 1990 | $109.70M | +0.5% | ||
| 1989 | $109.20M | -2.4% | ||
| 1988 | $111.90M | +82.5% | ||
| 1987 | $61.30M | -21.7% | ||
| 1986 | $78.30M | +10.3% | ||
| 1985 | $71.00M | — |
Total Debt values are taken from Welltower's reported balance sheets (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
As of the 2025 fiscal year, Welltower (WELL) reported total debt of $21.38B – grew 27.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Welltower total debt compounded at +8.5% per year, with the latest reading among the more recent periods of the dataset.
2025 marks the peak total debt at $21.38B, with the historical low of $61.30M recorded in 1987.
Within Real Estate, Welltower (WELL) ranks 7th among 8 peers we track. The peer median for total debt is $26.68B.
Welltower Total Debt by Year
Welltower Total Debt 2025: $21.38B
Welltower total debt in 2025 was $21.38B, grew 27.6% from 2024. This figure represents the highest annual value in the available history.
Welltower Total Debt 2024: $16.76B
Welltower total debt in 2024 was $16.76B, edged up 4.0% from 2023.
Welltower Total Debt 2023: $16.12B
Welltower total debt in 2023 was $16.12B, grew 7.7% from 2022.
Welltower Total Debt 2022: $14.96B
Welltower total debt in 2022 was $14.96B, edged up 2.0% from 2021.
Welltower Total Debt 2021: $14.68B
Welltower total debt in 2021 was $14.68B.
See more financial history for Welltower (WELL).
Sector peers — Total Debt
Companies in the same sector as Welltower, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $44.96B | Real Estate |
| Prologis, Inc. (PLD) | $35.04B | Real Estate |
| Realty Income Corporation (O) | $32.85B | Real Estate |
| Simon Property Group, Inc. (SPG) | $29.19B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $24.18B | Real Estate |
| Equinix, Inc. (EQIX) | $22.73B | Real Estate |
| Public Storage (PSA) | $10.25B | Real Estate |
| CBRE Group, Inc. (CBRE) | $9.99B | Real Estate |
Frequently asked questions
What is Welltower's total debt?
- Latest reported total debt for Welltower (WELL) is $21.38B (period ending December 31, 2025).
How has Welltower total debt changed year-over-year?
- Welltower (WELL) total debt changed +27.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Welltower total debt?
- Welltower (WELL) total debt compound annual growth rate is +8.5% over the most recent 5 years available.
When did Welltower total debt hit its highest annual value?
- Welltower total debt reached its highest annual value of $21.38B in 2025.
What was Welltower total debt in 2024?
- Welltower (WELL) total debt in 2024 was $16.76B.
What was Welltower total debt in 2025?
- Welltower (WELL) total debt in 2025 was $21.38B.
Metrics overview
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