Welltower (WELL) Tax Rate (2009 - 2026)
Welltower (WELL) reported Tax Rate of -19.34% for Q2 2026, down 19.70 percentage points from 0.35% a year earlier and down 22.71 percentage points from the prior quarter.
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Analysis
Welltower (WELL) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Welltower's Tax Rate came in at 2.36%, up 3.51 percentage points year-over-year; for FY2025, it came in at 0.10%, down 0.41 percentage points from FY2024.
- Tax Rate has declined for four consecutive years, though with a five-year change of +31.69 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 0.51% in FY2024 (-1.30 pp), 1.82% in FY2023 (-2.37 pp), 4.19% in FY2022 (-0.92 pp) and 5.10% in FY2021 (+36.70 pp).
- The Q2 2026 figure ranks as the lowest quarterly Tax Rate since Q4 2022.
- Year over year, Tax Rate gained in four of the last eight quarters, with an average year-over-year change of -2.69 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 54.82 percentage points); the low point was Q1 2022 (a drop of 88.54 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 3.37% (Q1 2026), 0.16% (Q4 2025) and 0.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 164.16 Bn | 146.67 Bn | 1.39 Bn | - |
| 2 | Prologis | 120.28 Bn | 124.68 Bn | - | 8.78% |
| 3 | Simon Property | 68.97 Bn | 70.18 Bn | - | - |
| 4 | Realty Income | 51.22 Bn | 53.60 Bn | - | 6.51% |
| 5 | Public Storage | 49.85 Bn | 48.94 Bn | - | 0.54% |
| 6 | Ventas | 43.09 Bn | 42.28 Bn | - | - |
| 7 | Extra Space Storage | 28.15 Bn | 28.15 Bn | 642.43 Mn | 4.45% |
| 8 | Vici Properties | 24.95 Bn | 23.07 Bn | 1.05 Bn | - |
| 9 | Vivmark Residential | 22.41 Bn | 22.60 Bn | - | 0.34% |
| 10 | Essex Property Trust | 17.26 Bn | 17.42 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 3.37% |
| Sep 30, 2025 | 0.80% |
| Jun 30, 2025 | 0.35% |
| Dec 31, 2024 | 0.10% |
| Jun 30, 2024 | 1.22% |
| Mar 31, 2024 | 4.39% |
| Sep 30, 2023 | 6.35% |
| Jun 30, 2023 | 2.30% |
| Mar 31, 2023 | 8.01% |
| Sep 30, 2022 | 52.21% |
| Jun 30, 2022 | 2.80% |
| Mar 31, 2022 | 9.88% |
| Dec 31, 2021 | 2.98% |
| Sep 30, 2021 | 5.42% |
| Mar 31, 2021 | 98.43% |
| Jun 30, 2020 | 52.49% |
| Mar 31, 2020 | 7.19% |
| Sep 30, 2019 | 5.06% |
| Jun 30, 2019 | 0.98% |
| Mar 31, 2019 | 1.63% |
API Access
Welltower Tax Rate 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=tax-rate&ticker=WELL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=WELL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();