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

- Company: WELLTOWER INC. (WELL)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-12, accession number 0000766704-25-000009
- Page: https://plicit.ai/financials/well/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/well-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/well/fy2024-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/well-fy2024-annual-revenue-by-geography-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography. 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
- **UNITED STATES**: 6,564,077,000 US dollars
- **UNITED KINGDOM**: 872,479,000 US dollars
- **CANADA**: 554,562,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/well/fy2024-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/well-fy2024-annual-revenue-by-business-segment-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. 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
- **Seniors Housing Operating**: 6,035,461,000 US dollars
- **Triple-net**: 788,771,000 US dollars
- **Outpatient Medical**: 802,113,000 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
- **Revenue before reconciliation (calculated)**: 7,626,345,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Non-segment/Corporate**: 364,773,000 US dollars. Reported reconciliation to consolidated revenue.
- **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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to WELLTOWER INC.: $951.68 M; to noncontrolling interests: $21.18 M.