# WELLTOWER INC. (WELL) FY2025 Q1 P&L / Income Statement

- Company: WELLTOWER INC. (WELL)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-04-29, accession number 0000766704-25-000020
- Page: https://plicit.ai/financials/well/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/well-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-03-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 2,423,087,000 US dollars
- **Property operating expenses**: 1,462,390,000 US dollars
- **Gross profit (calculated)**: 960,697,000 US dollars
- **Operating expenses (calculated)**: 761,990,000 US dollars
- **Operating profit (calculated)**: 198,707,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) from continuing operations before income taxes and other items**: 198,707,000 US dollars
- **Income tax (expense) benefit**: negative 5,519,000 US dollars
- **Net income (loss)**: 257,266,000 US dollars
- **Resident fees and services**: 1,864,530,000 US dollars
- **Interest income**: 62,490,000 US dollars
- **Other income**: 34,500,000 US dollars
- **Rental income**: 461,567,000 US dollars
- **Impairment of assets**: 52,402,000 US dollars
- **General and administrative expenses**: 63,758,000 US dollars
- **Depreciation and amortization**: 485,869,000 US dollars
- **Loss (gain) on extinguishment of debt, net**: 6,156,000 US dollars
- **Provision for loan losses, net**: negative 2,007,000 US dollars
- **Loss (gain) on derivatives and financial instruments, net**: negative 3,210,000 US dollars
- **Interest expense**: 144,962,000 US dollars
- **Other expenses**: 14,060,000 US dollars
- **Income (loss) from unconsolidated entities**: 1,263,000 US dollars. Reported below-tax contribution to net income.
- **Gain (loss) on real estate dispositions and acquisitions of controlling interests, net**: 51,777,000 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.: $257.96 M; to noncontrolling interests: −$691.00 K.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/well/fy2025-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/well-fy2025-q1-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 2,423,087,000 US dollars
- **Property operating expenses**: 1,462,390,000 US dollars
- **Gross profit (calculated)**: 960,697,000 US dollars
- **Operating expenses (calculated)**: 761,990,000 US dollars
- **Operating profit (calculated)**: 198,707,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) from continuing operations before income taxes and other items**: 198,707,000 US dollars
- **Income tax (expense) benefit**: negative 5,519,000 US dollars
- **Net income (loss)**: 257,266,000 US dollars
- **UNITED STATES**: 1,889,335,000 US dollars
- **UNITED KINGDOM**: 375,507,000 US dollars
- **CANADA**: 158,245,000 US dollars
- **Impairment of assets**: 52,402,000 US dollars
- **General and administrative expenses**: 63,758,000 US dollars
- **Depreciation and amortization**: 485,869,000 US dollars
- **Loss (gain) on extinguishment of debt, net**: 6,156,000 US dollars
- **Provision for loan losses, net**: negative 2,007,000 US dollars
- **Loss (gain) on derivatives and financial instruments, net**: negative 3,210,000 US dollars
- **Interest expense**: 144,962,000 US dollars
- **Other expenses**: 14,060,000 US dollars
- **Income (loss) from unconsolidated entities**: 1,263,000 US dollars. Reported below-tax contribution to net income.
- **Gain (loss) on real estate dispositions and acquisitions of controlling interests, net**: 51,777,000 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.: $257.96 M; to noncontrolling interests: −$691.00 K.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/well/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/well-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 2,423,087,000 US dollars
- **Property operating expenses**: 1,462,390,000 US dollars
- **Gross profit (calculated)**: 960,697,000 US dollars
- **Operating expenses (calculated)**: 761,990,000 US dollars
- **Operating profit (calculated)**: 198,707,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) from continuing operations before income taxes and other items**: 198,707,000 US dollars
- **Income tax (expense) benefit**: negative 5,519,000 US dollars
- **Net income (loss)**: 257,266,000 US dollars
- **Seniors Housing Operating**: 1,867,871,000 US dollars
- **Triple-net**: 255,030,000 US dollars
- **Outpatient Medical**: 211,016,000 US dollars
- **Impairment of assets**: 52,402,000 US dollars
- **General and administrative expenses**: 63,758,000 US dollars
- **Depreciation and amortization**: 485,869,000 US dollars
- **Loss (gain) on extinguishment of debt, net**: 6,156,000 US dollars
- **Provision for loan losses, net**: negative 2,007,000 US dollars
- **Loss (gain) on derivatives and financial instruments, net**: negative 3,210,000 US dollars
- **Interest expense**: 144,962,000 US dollars
- **Other expenses**: 14,060,000 US dollars
- **Revenue before reconciliation (calculated)**: 2,333,917,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Non-segment/Corporate**: 89,170,000 US dollars. Reported reconciliation to consolidated revenue.
- **Income (loss) from unconsolidated entities**: 1,263,000 US dollars. Reported below-tax contribution to net income.
- **Gain (loss) on real estate dispositions and acquisitions of controlling interests, net**: 51,777,000 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.: $257.96 M; to noncontrolling interests: −$691.00 K.