WELLTOWER INC. (WELL) FY2024 Annual P&L / Income Statement

WELLTOWER INC. (WELL) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

7,991,118,000 US dollars

Property operating expenses

4,830,211,000 US dollars

Gross profit (calculated)

3,160,907,000 US dollars

Operating expenses (calculated)

2,636,465,000 US dollars

Operating profit (calculated)

524,442,000 US dollars

Other income (expense), net (calculated)

0 US dollars

Income (loss) from continuing operations before income taxes and other items

524,442,000 US dollars

Income tax (expense) benefit

2,700,000 US dollars

Net income (loss)

972,857,000 US dollars

Interest income

256,191,000 US dollars

Rental income

1,570,278,000 US dollars

Resident fees and services

6,027,149,000 US dollars

Other income

137,500,000 US dollars

Depreciation and amortization

1,632,093,000 US dollars

Loss (gain) on extinguishment of debt, net

2,130,000 US dollars

Contractual interest expense

574,261,000 US dollars

Impairment of assets

92,793,000 US dollars

Other expenses

117,459,000 US dollars

Loss (gain) on derivatives and financial instruments, net

negative 27,887,000 US dollars

General and administrative expenses

235,491,000 US dollars

Provision for loan losses, net

10,125,000 US dollars

Income (loss) from unconsolidated entities

negative 496,000 US dollars. Reported below-tax contribution to net income.

Gain (loss) on real estate dispositions and acquisitions of controlling interests, net

451,611,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Of which attributable to WELLTOWER INC.: $951.68 M; to noncontrolling interests: $21.18 M.