# WELLTOWER INC. (WELL) FY2026 Q1 P&L / Income Statement

- Company: WELLTOWER INC. (WELL)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-04-29, accession number 0000766704-26-000021
- Page: https://plicit.ai/financials/well/fy2026-q1-income-statement
- Chart image: https://plicit.ai/charts/well-fy2026-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2026-01-01 through 2026-03-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 3,351,926,000 US dollars
- **Property operating expenses**: 2,055,420,000 US dollars
- **Gross profit (calculated)**: 1,296,506,000 US dollars
- **Operating expenses (calculated)**: 951,263,000 US dollars
- **Operating profit (calculated)**: 345,243,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) from continuing operations before income taxes and other items**: 345,243,000 US dollars
- **Income tax (expense) benefit**: 11,633,000 US dollars
- **Net income (loss)**: 752,324,000 US dollars
- **Resident fees and services**: 2,780,931,000 US dollars
- **Interest income**: 70,929,000 US dollars
- **Other income**: 46,224,000 US dollars
- **Rental income**: 453,842,000 US dollars
- **Impairment of assets**: 4,826,000 US dollars
- **General and administrative expenses**: 67,474,000 US dollars
- **Depreciation and amortization**: 622,752,000 US dollars
- **Loss (gain) on extinguishment of debt, net**: 727,000 US dollars
- **Provision for loan losses, net**: 1,632,000 US dollars
- **Loss (gain) on derivatives and financial instruments, net**: 0 US dollars
- **Interest expense**: 192,715,000 US dollars
- **Other expenses**: 61,137,000 US dollars
- **Income (loss) from unconsolidated entities**: negative 1,686,000 US dollars. Reported below-tax contribution to net income.
- **Gain (loss) on real estate dispositions and acquisitions of controlling interests, net**: 420,400,000 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.: $728.67 M; to noncontrolling interests: $23.65 M.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/well/fy2026-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/well-fy2026-q1-revenue-by-geography-sankey.png

Income statement for 2026-01-01 through 2026-03-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 3,351,926,000 US dollars
- **Property operating expenses**: 2,055,420,000 US dollars
- **Gross profit (calculated)**: 1,296,506,000 US dollars
- **Operating expenses (calculated)**: 951,263,000 US dollars
- **Operating profit (calculated)**: 345,243,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) from continuing operations before income taxes and other items**: 345,243,000 US dollars
- **Income tax (expense) benefit**: 11,633,000 US dollars
- **Net income (loss)**: 752,324,000 US dollars
- **UNITED STATES**: 2,067,124,000 US dollars
- **UNITED KINGDOM**: 1,083,186,000 US dollars
- **CANADA**: 201,616,000 US dollars
- **Impairment of assets**: 4,826,000 US dollars
- **General and administrative expenses**: 67,474,000 US dollars
- **Depreciation and amortization**: 622,752,000 US dollars
- **Loss (gain) on extinguishment of debt, net**: 727,000 US dollars
- **Provision for loan losses, net**: 1,632,000 US dollars
- **Loss (gain) on derivatives and financial instruments, net**: 0 US dollars
- **Interest expense**: 192,715,000 US dollars
- **Other expenses**: 61,137,000 US dollars
- **Income (loss) from unconsolidated entities**: negative 1,686,000 US dollars. Reported below-tax contribution to net income.
- **Gain (loss) on real estate dispositions and acquisitions of controlling interests, net**: 420,400,000 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.: $728.67 M; to noncontrolling interests: $23.65 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/well/fy2026-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/well-fy2026-q1-revenue-by-business-segment-sankey.png

Income statement for 2026-01-01 through 2026-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenues**: 3,351,926,000 US dollars
- **Property operating expenses**: 2,055,420,000 US dollars
- **Gross profit (calculated)**: 1,296,506,000 US dollars
- **Operating expenses (calculated)**: 951,263,000 US dollars
- **Operating profit (calculated)**: 345,243,000 US dollars
- **Other income (expense), net (calculated)**: 0 US dollars
- **Income (loss) from continuing operations before income taxes and other items**: 345,243,000 US dollars
- **Income tax (expense) benefit**: 11,633,000 US dollars
- **Net income (loss)**: 752,324,000 US dollars
- **Seniors Housing Operating**: 2,790,374,000 US dollars
- **Triple-net**: 392,112,000 US dollars
- **Outpatient Medical**: 71,132,000 US dollars
- **Impairment of assets**: 4,826,000 US dollars
- **General and administrative expenses**: 67,474,000 US dollars
- **Depreciation and amortization**: 622,752,000 US dollars
- **Loss (gain) on extinguishment of debt, net**: 727,000 US dollars
- **Provision for loan losses, net**: 1,632,000 US dollars
- **Loss (gain) on derivatives and financial instruments, net**: 0 US dollars
- **Interest expense**: 192,715,000 US dollars
- **Other expenses**: 61,137,000 US dollars
- **Revenue before reconciliation (calculated)**: 3,253,618,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Non-segment/Corporate**: 98,308,000 US dollars. Reported reconciliation to consolidated revenue.
- **Income (loss) from unconsolidated entities**: negative 1,686,000 US dollars. Reported below-tax contribution to net income.
- **Gain (loss) on real estate dispositions and acquisitions of controlling interests, net**: 420,400,000 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.: $728.67 M; to noncontrolling interests: $23.65 M.