Welltower (WELL) Income before Taxes (2009 - 2026)
Welltower (WELL) recorded EBT of $1.43 billion in Q3 2026, up 388.1% from $293.11 million a year earlier and up 346.5% from the prior quarter.
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Analysis
Welltower (WELL) Income before Taxes (2009 - 2026) Analysis & Trends
On a TTM basis, Welltower's EBT came in at -$1.11 billion as of Sep 30, 2026; for FY2025, it was -$6.97 billion.
- Across earlier years, EBT came in at $524.44 million in FY2024 (+49.8%), $350.05 million in FY2023 (+102.3%), $173.06 million in FY2022 (+1.4%) and $170.75 million in FY2021.
- The Q3 2026 figure is the highest quarterly EBT in data going back to Q3 2009.
- On a year-over-year basis, EBT has increased for three consecutive quarters, with growth averaging 117.8% over the last seven quarters.
- Peak year-over-year performance for EBT in the last five years was growth of 388.1% in Q3 2026, against a decline of 93.2% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $320.43 million (Q2 2026), $345.24 million (Q1 2026) and -$3.2 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 181.70 Bn | 168.77 Bn | 1.47 Bn |
| 2 | Prologis | 123.65 Bn | 122.03 Bn | - |
| 3 | Simon Property | 80.48 Bn | 78.58 Bn | - |
| 4 | Public Storage | 62.76 Bn | 62.20 Bn | 112.08 Mn |
| 5 | Realty Income | 56.61 Bn | 57.99 Bn | - |
| 6 | Ryman Hospitality Properties | 47.80 Bn | 46.64 Bn | 266.41 Mn |
| 7 | Ventas | 47.78 Bn | 46.95 Bn | -3.39 Bn |
| 8 | Vivmark Residential | 38.23 Bn | 37.98 Bn | - |
| 9 | Extra Space Storage | 33.20 Bn | 32.98 Bn | 650.96 Mn |
| 10 | Vici Properties | 27.53 Bn | 26.31 Bn | 1.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 337.95 Mn |
| Jun 30, 2026 | 320.43 Mn |
| Mar 31, 2026 | 345.24 Mn |
| Dec 31, 2025 | -1.27 Bn |
| Sep 30, 2025 | 293.11 Mn |
| Jun 30, 2025 | 298.21 Mn |
| Mar 31, 2025 | 198.71 Mn |
| Dec 31, 2024 | 109.24 Mn |
| Sep 30, 2024 | 183.87 Mn |
| Jun 30, 2024 | 90.43 Mn |
| Mar 31, 2024 | 140.90 Mn |
| Dec 31, 2023 | 87.46 Mn |
| Sep 30, 2023 | 72.24 Mn |
| Jun 30, 2023 | 152.35 Mn |
| Mar 31, 2023 | 38.00 Mn |
| Dec 31, 2022 | 6.78 Mn |
| Sep 30, 2022 | 6.24 Mn |
| Jun 30, 2022 | 109.33 Mn |
| Mar 31, 2022 | 50.71 Mn |
| Dec 31, 2021 | 68.75 Mn |
API Access
Welltower Income before Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-before-taxes&ticker=WELL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-before-taxes", "ticker": "WELL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-before-taxes&ticker=WELL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();