Welltower
Welltower returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Operating income is unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 3.77% | 2.57% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 3.62% | 2.42% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 2.53% | 1.63% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 2.78% | 1.78% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 3.48% | 2.25% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 3.52% | 2.25% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 3.32% | 2.05% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 3.44% | 2.07% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 2.36% | 1.44% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | 1.84% | 1.11% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 1.49% | 0.87% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 1.2% | 0.69% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 0.59% | 0.35% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | 0.55% | 0.33% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 0.74% | 0.44% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | 1.13% | 0.63% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 2.26% | 1.22% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 1.94% | 1.08% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 2% | 1.11% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 2.68% | 1.4% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 3.67% | 2.05% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 4.64% | 2.37% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 6.21% | 3.15% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 6.63% | 3.49% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 8.4% | 4.15% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 8.09% | 4.3% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 8.17% | 4.18% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 7.51% | 3.91% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 3.98% | 2.14% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 4.06% | 2.29% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 5.22% | 2.85% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 3.75% | 2.11% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 3.8% | 2.23% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 4.03% | 2.37% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 3.17% | 1.9% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 6.15% | 3.38% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 8% | 4.38% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 8.07% | 4.41% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 6.89% | 3.74% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | 5.52% | 3.07% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 4.54% | 2.57% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 5.34% | 3.03% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 5.89% | 3.29% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 6.28% | 3.64% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 6.17% | 3.53% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 4.55% | 2.63% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 3.63% | 2.13% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 2.18% | 1.39% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 1.29% | 0.93% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 0.69% | 0.6% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 0.73% | 0.65% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 1.44% | — | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 1.77% | — | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 2.56% | — | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 2.55% | 1.71% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 1.87% | 1.46% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 2.16% | 1.57% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 2.3% | 1.68% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 2.68% | 1.79% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 3.17% | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 2.6% | — | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · WELL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.