Welltower (WELL) 10-K Summary — Year Ended Dec 31, 2023
Welltower Inc. is a real estate investment trust focused on healthcare infrastructure. The company reported higher revenue and a net profit for the latest fiscal year.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Welltower Inc. is a real estate investment trust focused on healthcare infrastructure. The company reported higher revenue and a net profit for the latest fiscal year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.8B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$358.1M
Net income reported for the year.
Operating cash flow
$1.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $3.2B | n/a |
| Dec 31, 2022 | $4.2B | +30.5% |
| Dec 31, 2023 | $4.8B | +13.9% |
Business overview
Welltower Inc. invests in and manages properties related to healthcare, including senior housing and medical office buildings. The company's operations are described in its business overview section of the filing. The filing also discusses cybersecurity and unresolved staff comments.
Financial performance
Revenue increased compared to the prior year. Net income for the period was positive. Operating cash flow was substantial.
Material risks
The filing includes a dedicated section on risk factors, indicating the company faces various material uncertainties. Specific risks are detailed in that section of the report. These risks could affect operations or financial results.
Liquidity and capital
The management discussion includes an analysis of liquidity and capital resources, outlining sources and uses of cash. This provides context for how the company funds its activities.
What to watch
Monitor the next filing for any changes in the identified risk factors or unresolved staff comments.