Welltower Inc
Welltower Inc. is a S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom and Canada. Our portfolio of 2,000+ seniors and wellness housing communities are positioned at the intersection of housing and hospitality, creating vibrant communities for mature renters and older adults. We believe our real… Read more
Welltower Inc (WELL) - Net Assets
Latest net assets as of December 2025: $43.20 Billion USD
Based on the latest financial reports, Welltower Inc (WELL) has net assets worth $43.20 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($67.30 Billion) and total liabilities ($24.10 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $43.20 Billion |
| % of Total Assets | 64.19% |
| Annual Growth Rate | 18.08% |
| 5-Year Change | 127.41% |
| 10-Year Change | 175.53% |
| Growth Volatility | 20.66 |
Welltower Inc - Net Assets Trend (1985–2025)
This chart illustrates how Welltower Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Welltower Inc (1985–2025)
The table below shows the annual net assets of Welltower Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $43.20 Billion | +32.64% |
| 2024-12-31 | $32.57 Billion | +23.51% |
| 2023-12-31 | $26.37 Billion | +23.27% |
| 2022-12-31 | $21.39 Billion | +12.61% |
| 2021-12-31 | $19.00 Billion | +10.29% |
| 2020-12-31 | $17.23 Billion | +1.43% |
| 2019-12-31 | $16.98 Billion | +6.07% |
| 2018-12-31 | $16.01 Billion | +4.64% |
| 2017-12-31 | $15.30 Billion | -2.42% |
| 2016-12-31 | $15.68 Billion | +2.09% |
| 2015-12-31 | $15.36 Billion | +13.27% |
| 2014-12-31 | $13.56 Billion | +14.99% |
| 2013-12-31 | $11.79 Billion | +11.71% |
| 2012-12-31 | $10.56 Billion | +44.35% |
| 2011-12-31 | $7.31 Billion | +54.34% |
| 2010-12-31 | $4.74 Billion | +24.43% |
| 2009-12-31 | $3.81 Billion | +18.16% |
| 2008-12-31 | $3.22 Billion | +33.48% |
| 2007-12-31 | $2.41 Billion | +21.86% |
| 2006-12-31 | $1.98 Billion | +38.46% |
| 2005-12-31 | $1.43 Billion | +7.15% |
| 2004-12-31 | $1.34 Billion | +16.14% |
| 2003-12-31 | $1.15 Billion | +28.14% |
| 2002-12-31 | $897.23 Million | +18.39% |
| 2001-12-31 | $757.87 Million | +8.48% |
| 2000-12-31 | $698.61 Million | -1.19% |
| 1999-12-31 | $707.00 Million | +11.56% |
| 1998-12-31 | $633.76 Million | +34.86% |
| 1997-12-31 | $469.92 Million | +44.35% |
| 1996-12-31 | $325.54 Million | +73.53% |
| 1995-12-31 | $187.60 Million | -0.84% |
| 1994-12-31 | $189.18 Million | +2.76% |
| 1993-12-31 | $184.10 Million | +54.84% |
| 1992-12-31 | $118.90 Million | +4.30% |
| 1991-12-31 | $114.00 Million | +42.50% |
| 1990-12-31 | $80.00 Million | +3.09% |
| 1989-12-31 | $77.60 Million | +3.47% |
| 1988-12-31 | $75.00 Million | -37.71% |
| 1987-12-31 | $120.40 Million | +53.18% |
| 1986-12-31 | $78.60 Million | +40.36% |
| 1985-12-31 | $56.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Welltower Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 125631.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $696.62 Million | 1.65% |
| Other Comprehensive Income | $-287.64 Million | -0.68% |
| Other Components | $50.88 Billion | 120.78% |
| Total Equity | $42.13 Billion | 100.00% |
Welltower Inc Competitors by Market Cap
The table below lists competitors of Welltower Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HDFC Bank Limited
F:HDFA
|
$148.48 Billion |
|
PDD Holdings Inc.
NASDAQ:PDD
|
$148.86 Billion |
|
Commonwealth Bank of Australia PK
PINK:CMWAY
|
$149.54 Billion |
|
Analog Devices Inc
NASDAQ:ADI
|
$150.01 Billion |
|
Deutsche Telekom AG Na
OTCQX:DTEGF
|
$145.64 Billion |
|
Allianz SE
PINK:ALIZF
|
$143.52 Billion |
|
Union Pacific Corporation
NYSE:UNP
|
$143.45 Billion |
|
Allianz SE VNA O.N.
XETRA:ALV
|
$142.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Welltower Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,956,208,000 to 42,129,498,000, a change of 10,173,290,000 (31.8%).
- Net income of 936,845,000 contributed positively to equity growth.
- Dividend payments of 1,877,959,000 reduced retained earnings.
- New share issuances of 8,900,866,000 increased equity.
- Other comprehensive income increased equity by 72,140,000.
- Other factors increased equity by 2,141,398,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $936.85 Million | +2.22% |
| Dividends Paid | $1.88 Billion | -4.46% |
| Share Issuances | $8.90 Billion | +21.13% |
| Other Comprehensive Income | $72.14 Million | +0.17% |
| Other Changes | $2.14 Billion | +5.08% |
| Total Change | $- | 31.84% |
Book Value vs Market Value Analysis
This analysis compares Welltower Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.44x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 21.05x to 3.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $10.13 | $213.16 | x |
| 1986-12-31 | $13.55 | $213.16 | x |
| 1987-12-31 | $12.21 | $213.16 | x |
| 1988-12-31 | $12.21 | $213.16 | x |
| 1989-12-31 | $12.35 | $213.16 | x |
| 1990-12-31 | $12.52 | $213.16 | x |
| 1991-12-31 | $16.71 | $213.16 | x |
| 1992-12-31 | $13.76 | $213.16 | x |
| 1993-12-31 | $19.69 | $213.16 | x |
| 1994-12-31 | $16.42 | $213.16 | x |
| 1995-12-31 | $16.02 | $213.16 | x |
| 1996-12-31 | $23.10 | $213.16 | x |
| 1997-12-31 | $21.42 | $213.16 | x |
| 1998-12-31 | $24.43 | $213.16 | x |
| 1999-12-31 | $24.88 | $213.16 | x |
| 2000-12-31 | $24.39 | $213.16 | x |
| 2001-12-31 | $24.43 | $213.16 | x |
| 2002-12-31 | $24.05 | $213.16 | x |
| 2003-12-31 | $26.01 | $213.16 | x |
| 2004-12-31 | $25.64 | $213.16 | x |
| 2005-12-31 | $26.25 | $213.16 | x |
| 2006-12-31 | $31.89 | $213.16 | x |
| 2007-12-31 | $30.28 | $213.16 | x |
| 2008-12-31 | $34.05 | $213.16 | x |
| 2009-12-31 | $33.13 | $213.16 | x |
| 2010-12-31 | $35.90 | $213.16 | x |
| 2011-12-31 | $40.85 | $213.16 | x |
| 2012-12-31 | $45.56 | $213.16 | x |
| 2013-12-31 | $40.95 | $213.16 | x |
| 2014-12-31 | $42.81 | $213.16 | x |
| 2015-12-31 | $41.76 | $213.16 | x |
| 2016-12-31 | $41.10 | $213.16 | x |
| 2017-12-31 | $39.09 | $213.16 | x |
| 2018-12-31 | $38.99 | $213.16 | x |
| 2019-12-31 | $38.48 | $213.16 | x |
| 2020-12-31 | $38.27 | $213.16 | x |
| 2021-12-31 | $41.32 | $213.16 | x |
| 2022-12-31 | $43.63 | $213.16 | x |
| 2023-12-31 | $48.98 | $213.16 | x |
| 2024-12-31 | $52.49 | $213.16 | x |
| 2025-12-31 | $62.00 | $213.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Welltower Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.64%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.60x
- Recent ROE (2.22%) is below the historical average (7.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 16.20% | 38.76% | 0.14x | 2.98x | $2.64 Million |
| 1986 | 11.81% | 38.66% | 0.12x | 2.47x | $1.15 Million |
| 1987 | 15.47% | 41.86% | 0.14x | 2.60x | $3.82 Million |
| 1988 | 13.93% | 38.76% | 0.14x | 2.60x | $2.82 Million |
| 1989 | 14.50% | 40.60% | 0.14x | 2.51x | $3.35 Million |
| 1990 | 15.01% | 42.75% | 0.14x | 2.48x | $3.84 Million |
| 1991 | 11.49% | 44.86% | 0.14x | 1.82x | $1.70 Million |
| 1992 | 13.88% | 57.09% | 0.13x | 1.90x | $4.61 Million |
| 1993 | 10.92% | 55.83% | 0.13x | 1.55x | $1.69 Million |
| 1994 | 13.19% | 455.33% | 0.02x | 1.71x | $6.03 Million |
| 1995 | 7.27% | 214.66% | 0.02x | 1.91x | $-5.12 Million |
| 1996 | 9.42% | 56.39% | 0.10x | 1.60x | $-1.88 Million |
| 1997 | 9.90% | 63.44% | 0.10x | 1.56x | $-492.40K |
| 1998 | 9.83% | 63.57% | 0.09x | 1.69x | $-1.08 Million |
| 1999 | 10.69% | 58.42% | 0.10x | 1.80x | $4.90 Million |
| 2000 | 9.74% | 58.12% | 0.10x | 1.66x | $-1.80 Million |
| 2001 | 7.99% | 56.18% | 0.08x | 1.68x | $-15.24 Million |
| 2002 | 7.54% | 51.87% | 0.08x | 1.78x | $-22.06 Million |
| 2003 | 7.20% | 48.63% | 0.08x | 1.90x | $-32.23 Million |
| 2004 | 6.39% | 37.76% | 0.09x | 1.91x | $-48.16 Million |
| 2005 | 5.89% | 29.90% | 0.09x | 2.08x | $-58.79 Million |
| 2006 | 5.19% | 35.65% | 0.07x | 2.16x | $-95.13 Million |
| 2007 | 5.75% | 32.21% | 0.08x | 2.17x | $-102.08 Million |
| 2008 | 8.82% | 53.82% | 0.08x | 1.93x | $-37.86 Million |
| 2009 | 5.09% | 36.93% | 0.08x | 1.68x | $-186.43 Million |
| 2010 | 2.79% | 22.50% | 0.06x | 2.05x | $-331.76 Million |
| 2011 | 3.05% | 16.71% | 0.09x | 2.09x | $-494.87 Million |
| 2012 | 2.89% | 16.52% | 0.09x | 1.90x | $-732.23 Million |
| 2013 | 1.27% | 5.04% | 0.12x | 2.02x | $-996.41 Million |
| 2014 | 3.89% | 15.35% | 0.13x | 1.90x | $-805.36 Million |
| 2015 | 6.06% | 23.01% | 0.13x | 1.99x | $-575.31 Million |
| 2016 | 7.28% | 25.35% | 0.15x | 1.95x | $-402.84 Million |
| 2017 | 3.62% | 12.16% | 0.15x | 1.94x | $-919.54 Million |
| 2018 | 5.50% | 17.23% | 0.15x | 2.07x | $-658.28 Million |
| 2019 | 7.93% | 24.16% | 0.15x | 2.15x | $-321.61 Million |
| 2020 | 6.13% | 21.34% | 0.14x | 2.03x | $-618.43 Million |
| 2021 | 1.91% | 7.14% | 0.13x | 1.98x | $-1.43 Billion |
| 2022 | 0.70% | 2.44% | 0.15x | 1.87x | $-1.89 Billion |
| 2023 | 1.34% | 5.25% | 0.15x | 1.73x | $-2.20 Billion |
| 2024 | 2.98% | 12.12% | 0.15x | 1.60x | $-2.24 Billion |
| 2025 | 2.22% | 8.64% | 0.16x | 1.60x | $-3.28 Billion |
Industry Comparison
This section compares Welltower Inc's net assets metrics with peer companies in the REIT - Healthcare Facilities industry.
Industry Context
- Industry: REIT - Healthcare Facilities
- Average net assets among peers: $880,398,200
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Welltower Inc (WELL) | $43.20 Billion | 16.20% | 0.56x | $146.77 Billion |
| Aedifica SA (AEDFF) | $193.91 Million | 7.53% | 0.90x | $2.97 Billion |
| American Healthcare REIT, Inc. (AHR) | $1.65 Billion | -4.93% | 1.90x | $9.31 Billion |
| Assura Plc (ARSSF) | $117.93 Million | -10.60% | 0.39x | $161.63 Million |
| Cofinimmo SA/NV (CFMOF) | $2.65 Billion | 4.50% | 0.98x | $2.38 Billion |
| Community Healthcare Trust Inc (CHCT) | $496.81 Million | 4.43% | 0.76x | $419.21 Million |
| CareTrust REIT Inc. (CTRE) | $1.42 Billion | 3.79% | 0.47x | $8.79 Billion |
| Chartwell Retirement Residences (CWSRF) | $509.23 Million | 4.69% | 4.57x | $3.84 Billion |
| Healthpeak Properties Inc (DOC) | $264.20 Million | 5.22% | 0.63x | $11.75 Billion |
| Global Medical REIT Inc. (GMRE) | $460.35 Million | 2.01% | 0.92x | $440.68 Million |
| Healthcare Realty Trust Incorporated (HR) | $1.04 Billion | 8.24% | 0.54x | $6.10 Billion |