WELL Welltower

Q3 2025 10-Q

Filed: Oct 28, 2025Period ending Sep 30, 2025

Financials

Real Estate Investment TrustsSEC EDGAR

Welltower (WELL) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 28, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $1.109B for Q3 2025, up 31% YoY from $843M in Q3 2024; Nine months revenue $3.103B, up 34% YoY from $2.319B
• Operating margin (NOI/Revenue) approx. 100% (NOI $1.109B vs revenue $1.109B Q3 2025); SSNOI $601M up 14% from $526M YoY Q3

+3 more insights

Risk Factors

• No material changes in risk factors since 2024 10-K, carried-forward operational, market, financial, and regulatory risks remain applicable

Quarterly Financial Summary
XBRL

Revenue

$2.1B

▲ +36.4% YoY▲ +4.6% QoQ

Net Income

$281M

▼ -37.6% YoY▼ -7.1% QoQ

Net Margin

13.6%

▼ -1615bp YoY▼ -171bp QoQ

Source: XBRL data from Welltower Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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