WELLWelltower
Welltower Inc. (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom and Canada. 10-K, Item 1
- Headquarters
- Toledo, OH
- CEO
- Shankh Mitra
- Next results
- around Feb 9, 2027
Dilution: new shares, stock pay and buybacks
prospectuses (S-3, 424B) of the last three years and the 10-K cash flow From EDGARShares offered
Since Nov 11, 2023: 6 at-the-market programs, 10 registrations of shares for a merger, units or notes, 1 dividend or employee plan registration, 2 shelf registrations; also 3 notes offerings, 3 resales by holders. Latest at-the-market program for common stock: Jul 28, 2026, up to $7.5B.
- Oct 27, 2026 Up to 1.1M shares for a merger, units or notes 424B5
- Oct 27, 2026 Up to 334,938 shares for a merger, units or notes 424B5
- Oct 27, 2026 166,666 shares for a dividend reinvestment or employee plan 424B5
- Jul 28, 2026 Up to 261,753 shares for a merger, units or notes 424B7
- Jul 28, 2026 At-the-market program: up to $7.5B of common stock 424B5
- Apr 29, 2026 Up to 138,740 shares for a merger, units or notes 424B7
Every offering filing →“This prospectus supplement and the related prospectus relate to the possible issuance, from time to time, of up to 1,146,886 shares of our common stock in exchange for Class A common units of Welltower OP LLC (“Welltower OP”) tendered for redemption (“Class A Units”).”
424B5, Oct 27, 2026 ↗
Bought back
-
no buyback line in the 10-K XBRL, year to Dec 31, 2025
Diluted shares: 679.52M in the year to Dec 31, 2025 2025 +11.6%2024 +17.4%2023 +11.5%2022 +9.0%
Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How
FY2025, from the cash flow statement in the 10-K, added up.
Came from
| Operating cash flow | $2.9B |
| Shares sold | $2.7M |
| Other, net investments bought and sold, other financing and investing lines, and exchange rates |
$491.7M |
Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.
Each CEO's years
The CEO of each fiscal year as named in the proxy's pay versus performance table, and what the 10-Ks show for those years. Facts, not a grade.
Shankh Mitra
- Operating cash flow
- $9.3B
- Buybacks
- $0
- Dividends
- $6.9B
- Stock-based pay
- $1.7B
- Diluted shares since FY2020
- +62.8%
- Revenue since FY2020
- +135%
- Debt since FY2020
- +$16.8B
- CEO pay (reported)
- $885.6M
| Fiscal year to | Buybacks | Dividends | Stock pay | Shares issued for cash | Diluted shares |
|---|---|---|---|---|---|
| 2025-12-31 | - | $1.9B | $1.6B | $2.7M | 679.52M |
| 2024-12-31 | - | $1.5B | $75.8M | $1.3M | 608.75M |
| 2023-12-31 | - | $1.3B | $37.2M | $277K | 518.70M |
| 2022-12-31 | $0 | $1.1B | $26.1M | $163K | 465.16M |
| 2021-12-31 | $0 | $1.0B | $17.8M | $2.3B | 426.84M |
From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromStockOptionsExercised; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.
Work on WELL in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WELL/export.csv") into a cell.