Welltower Inc. Financial Ratios — WELL Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	1.79	1.72	0.68	2.13	3.27	3.72	1.84	2.76	3.87	2.97	1	0.39	0.83	2	1.58
Return on Capital (%)	8.61	8.02	6.19	- -	12.6	- -	9.2	12.57	14.39	- -	7.05	6.1	9.25	15.16	- -
Return on Invested Capital (%)	3.83	3.43	3.1	- -	4.68	- -	3.76	4.04	3.99	- -	2.22	2.03	2.33	2.48	- -
Gross Margin (%)	71.19	68.44	58.05	57.93	57.77	55.85	51.53	47.91	47.26	43.36	41.09	38.39	39.06	38.5	39.18
EBITDA Margin (%)	69.06	63.91	54.79	53.87	54.16	52.17	47.62	45.63	44.73	38.75	38.57	36.06	36.8	35.97	23.38
Operating Margin (%)	35.42	33.41	24.11	28.34	32.42	30.76	25.78	24.86	24.27	15.86	16.21	12.92	14.52	14.59	3.33
Incremental Operating Margin (%)	29.71	28.14	8.57	54.83	59.35	15.26	-418.82	14.18	17.89	99.36	29.21	-1.61	27.66	14.92	-28.1
Pretax Margin (%)	8.62	10.33	3.55	11.52	16.56	16.68	6.97	9.07	10.64	-0.69	3.63	3	5.4	6.68	-4.5
Profit Margin (%)	16.71	16.52	5.04	15.35	23.01	25.35	12.16	17.23	24.16	21.34	7.14	2.44	5.25	12.12	8.78
Net Income to Common Margin (%)	12.07	12.68	2.74	13.39	21.3	23.81	11.01	16.23	24.16	21.34	7.14	2.44	5.25	12.12	8.78
Effective Tax Rate (%)	1.24	4.09	7.33	- -	1.01	- -	6.72	2.05	0.54	- -	5.1	4.19	1.82	0.51	- -
Dvd Payout Ratio (%)	944.98	598.07	6,239.8	331.18	209.06	187.78	774.44	161.19	98.06	101.85	250.93	628.9	335.1	155.45	190.3
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	7,241	8,532	10,652	10,777	12,968	12,358	11,732	13,297	15,389	14,217	14,677	14,964	16,119	16,758	21,380
ST Debt	610	- -	130	- -	835	645	719	1,147	1,588	- -	325	- -	- -	- -	- -
LT Debt	6,631	8,532	10,522	10,777	12,133	11,713	11,013	12,150	13,801	14,217	14,352	14,964	16,119	16,758	21,380
Total Debt/EBITDA	8.05	7.42	6.76	6	6.23	5.57	5.73	6.24	6.75	8	8.08	7.18	6.76	5.93	8.57
Net Debt/EBITDA	7.78	6.45	6.6	5.69	6.02	5.35	5.58	6.1	6.41	6.89	7.63	6.68	5.77	4.25	5.68
Total Debt/EBIT	15.7	14.19	15.36	11.4	10.41	9.45	10.58	11.45	12.43	19.54	19.23	20.05	17.14	14.63	60.2
Net Debt/EBIT	15.17	12.34	15.01	10.81	10.06	9.07	10.3	11.2	11.82	16.84	18.16	18.65	14.61	10.47	39.88
EBITDA to Interest Expense	3.09	3.18	3.44	3.74	4.23	4.25	4.22	4.05	4.11	3.46	3.71	3.93	3.92	4.92	3.82
EBITDA-CapEx/Interest Expense	-13.77	3.18	3.44	3.74	4.23	4.25	4.22	4.05	4.11	3.46	3.71	3.93	3.92	4.92	3.82
EBIT to Interest Expense	1.58	1.66	1.51	1.96	2.53	2.51	2.29	2.21	2.23	1.41	1.56	1.41	1.55	2	0.54
Interest Expense	291	362	458	481	492	521	485	527	556	514	490	530	608	574	652
Common Equity/Total Assets	-5.94	-6.39	-8.58	-9.87	-9.53	-10.32	-13.54	-14.21	-13.36	-14.15	-15.09	-16.41	-16.05	-14.86	-12.58
Long-Term Debt/Equity (%)	90.68	80.83	89.23	79.48	78.99	74.7	71.98	75.89	81.27	82.54	75.55	69.94	61.12	51.45	49.49
Long-Term Debt/Capital (%)	87.79	99.6	104.54	111.08	101.3	104.03	115.38	109.64	111.55	130.77	133.26	151.98	160.81	171.21	152.86
Long-Term Debt/Total Assets (%)	44.43	43.64	45.58	43.17	41.8	40.58	39.41	40.04	41.34	43.77	41.11	39.49	36.62	32.83	31.77
Total Debt/Equity (%)	99.02	80.83	90.34	79.48	84.43	78.82	76.68	83.05	90.62	82.54	77.26	69.94	61.12	51.45	49.49
Total Debt/Capital (%)	95.87	99.6	105.84	111.08	108.27	109.76	122.91	120	124.38	130.77	136.27	151.98	160.81	171.21	152.86
Total Debt/Total Assets (%)	48.52	43.64	46.14	43.17	44.68	42.81	41.98	43.82	46.1	43.77	42.04	39.49	36.62	32.83	31.77
Net Debt to Equity	95.64	70.27	88.27	75.36	81.59	75.67	74.61	81.27	86.15	71.14	72.96	65.05	52.11	36.82	32.78
Net Debt/Capital (%)	94.64	98.47	105.08	110.73	107.88	109.45	122.73	119.74	121.04	131.38	132	151.03	171.14	190.93	158.2
EBITDA	899	1,150	1,576	1,797	2,080	2,218	2,047	2,131	2,281	1,777	1,817	2,083	2,384	2,825	2,494
EBITDA-CapEx	-4,006	1,150	1,576	1,797	2,080	2,218	2,047	2,131	2,281	1,777	1,817	2,083	2,384	2,825	2,494
Operating Income (Loss)	461	601	694	945	1,245	1,308	1,108	1,161	1,238	727	763	746	940	1,146	355

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.17	2.24	0.21	0.76	0.24	0.28	0.15	0.1	0.14	2.48	0.2	0.54	1.81	2.56	2.71
Current Ratio	0.92	5.3	1.45	2.68	1.53	1.63	1.03	0.78	0.89	5.52	1.93	2.63	4.51	5.28	5.34
Quick Ratio	0.85	5.06	1.36	2.55	1.49	1.5	0.99	0.73	0.85	4.76	1.87	2.56	4.44	5.13	5.25
CFO/Avg Current Liab	0.96	1.13	1.6	1.63	1.28	1.09	0.92	0.83	0.72	1	1.3	1.06	1.41	1.83	1.79
Common Equity/Total Assets	-5.94	-6.39	-8.58	-9.87	-9.53	-10.32	-13.54	-14.21	-13.36	-14.15	-15.09	-16.41	-16.05	-14.86	-12.58
Long-Term Debt/Equity (%)	90.68	80.83	89.23	79.48	78.99	74.7	71.98	75.89	81.27	82.54	75.55	69.94	61.12	51.45	49.49
Long-Term Debt/Capital (%)	87.79	99.6	104.54	111.08	101.3	104.03	115.38	109.64	111.55	130.77	133.26	151.98	160.81	171.21	152.86
Long-Term Debt/Total Assets (%)	44.43	43.64	45.58	43.17	41.8	40.58	39.41	40.04	41.34	43.77	41.11	39.49	36.62	32.83	31.77
Total Debt/Equity (%)	99.02	80.83	90.34	79.48	84.43	78.82	76.68	83.05	90.62	82.54	77.26	69.94	61.12	51.45	49.49
Total Debt/Capital (%)	95.87	99.6	105.84	111.08	108.27	109.76	122.91	120	124.38	130.77	136.27	151.98	160.81	171.21	152.86
Total Debt/Total Assets (%)	48.52	43.64	46.14	43.17	44.68	42.81	41.98	43.82	46.1	43.77	42.04	39.49	36.62	32.83	31.77
CFO/Total Liabilities	7.73	9.1	8.75	9.99	10.12	12.43	11.34	11.05	9.37	8.94	8.01	8.05	9.08	12.22	11.96
CFO/CapEx	0.12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.83	1.13	0.89	1.37	1.2	1.26	1.19	1.13	1.27	1.16	1.39	1.13	1.66	2.61	3.2

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	6.84	4.55	5.97	5.14	4.16	3.74	4.06	4.66	4.48	4.18	4.4	4.39	4.34	4.85	5.22
Days Sales Outstanding	53.34	80.27	61.19	71.08	87.79	97.47	89.95	78.3	81.51	87.42	83.01	83.16	84.14	75.2	69.9
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	91.74	32.42	20.08	18.18	20.25	24	24.65
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	3.98	11.26	18.18	20.08	18.03	15.21	14.81
Cash Conversion Cycle	53.34	80.27	61.19	71.08	87.79	97.47	89.95	78.3	77.53	76.17	64.83	63.09	66.11	59.99	55.1
Inventory to Cash Days	53.34	80.27	61.19	71.08	87.79	97.47	89.95	78.3	81.51	87.42	83.01	83.16	84.14	75.2	69.9
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	9,474	13,750	14,835	23,176	23,691	23,979	23,419	25,933	32,863	26,846	36,450	30,296	46,494	75,993	123,549
- Cash & Cash Equivalents	163	1,034	159	474	361	419	244	215	285	1,545	269	632	1,994	3,507	5,034
+ Preferred Equity and Hybrid Capital	1,010	1,023	1,017	1,006	1,006	1,006	719	718	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	188	260	377	384	768	874	877	1,378	1,442	1,252	1,362	1,099	967	616	1,073
+ Total Debt	7,241	8,532	10,652	10,777	12,968	12,358	11,732	13,297	15,389	14,217	14,677	14,964	16,119	16,758	21,380
Enterprise Value	17,749	22,531	26,722	34,869	38,072	37,798	36,503	41,112	49,409	40,771	52,220	45,728	61,587	89,861	140,969
Total Capital	7,553	8,566	10,065	9,702	11,977	11,260	9,545	11,081	12,372	10,872	10,770	9,846	10,023	9,788	13,987
Total Debt/Capital (%)	95.87	99.6	105.84	111.08	108.27	109.76	122.91	120	124.38	130.77	136.27	151.98	160.81	171.21	152.86
Total Debt / EV	0.41	0.38	0.4	0.31	0.34	0.33	0.32	0.32	0.31	0.35	0.28	0.33	0.26	0.19	0.15
EV/Sales	13.63	12.52	9.29	10.45	9.91	8.89	8.49	8.8	9.69	8.89	11.09	7.92	9.51	11.44	13.22
EV/EBITDA	19.74	19.59	16.96	19.4	18.3	17.04	17.83	19.29	21.66	22.94	28.75	21.95	25.84	31.81	56.53
EV/EBIT	38.49	37.48	38.53	36.89	30.57	28.9	32.93	35.4	39.91	56.05	68.41	61.28	65.49	78.43	396.91
EV/Cash Flow to Firm	20.27	19.34	18.91	21.51	20.36	17.38	19.35	19.58	23.66	19.97	30.01	24.91	28.01	31.78	40
EV/Free Cash Flow to Firm	3.07	19.34	18.91	21.51	20.36	17.38	19.35	19.58	23.66	19.97	30.01	24.91	28.01	31.78	40
Diluted Market Cap	9,510	13,849	14,933	23,287	23,771	24,110	23,531	26,046	33,023	26,972	36,610	30,491	46,771	76,721	126,126
Diluted Enterprise Value	17,785	22,630	26,821	34,981	38,153	37,929	36,615	41,225	49,569	40,896	52,380	45,923	61,864	90,589	143,546
EV per Share	102.16	100.43	96.5	113.85	109.33	105.5	99.4	110.04	122.95	98.14	122.88	98.94	119.44	149.03	211.78
TTM Sales	1,302	1,800	2,877	3,336	3,841	4,252	4,299	4,671	5,100	4,587	4,709	5,776	6,478	7,854	10,667
TTM EBITDA	899	1,150	1,576	1,797	2,080	2,218	2,047	2,131	2,281	1,777	1,817	2,083	2,384	2,825	2,494
TTM Operating Income	461	601	694	945	1,245	1,308	1,108	1,161	1,238	727	763	746	940	1,146	355
TTM Cash Flow to Firm	876	1,165	1,413	1,621	1,870	2,174	1,886	2,100	2,089	2,042	1,740	1,836	2,199	2,828	3,524
TTM Free Cash Flow to Firm	5,781	1,165	1,413	1,621	1,870	2,174	1,886	2,100	2,089	2,042	1,740	1,836	2,199	2,828	3,524

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	1.73	16.93	15.11	20.45	17.19	14.71	16.41	16.44	21.5	19.76	28.71	22.95	29.2	34	43.77
EV/EBIT	38.49	37.48	38.53	36.89	30.57	28.9	32.93	35.4	39.91	56.05	68.41	61.28	65.49	78.43	396.91
Enterprise Value	17,749	22,531	26,722	34,869	38,072	37,798	36,503	41,112	49,409	40,771	52,220	45,728	61,587	89,861	140,969
Low Price	41.03	52.4	52.43	52.9	58.19	52.8	63.06	49.58	66.82	24.27	59.38	56.5	65.18	85.4	123.11
EV/Sales	13.63	12.52	9.29	10.45	9.91	8.89	8.49	8.8	9.69	8.89	11.09	7.92	9.51	11.44	13.22
EV/EBITDA	19.74	19.59	16.96	19.4	18.3	17.04	17.83	19.29	21.66	22.94	28.75	21.95	25.84	31.81	56.53
Price/Earnings	60.3	60.27	188.47	51.88	28.95	23.69	49.47	34.2	26.67	27.43	108.44	214.54	136.71	79.85	131.88
Price/Earnings Average	55.76	56.42	226.76	43.93	30.01	24.65	54.39	30.16	26.62	25.28	99.11	260.2	120.81	69.31	114.5
Price/Earnings High	61.06	61.76	281.7	53.59	36.12	28.38	60.64	36.83	30.38	38.19	113.53	325.43	141.64	89.18	148.53
Price/Earnings Low	45.37	51.53	184.46	36.27	24.76	18.69	48.92	24.43	21.79	10.3	75.07	184.92	98.82	54.11	87.47
Price/Book Value	-10.69	-11.01	-7.49	-9.4	-8.57	-8.05	-6.19	-6.01	-7.37	-5.84	-6.92	-4.87	-6.58	-10.02	-14.59
Price/Book Value Average	-9.89	-10.3	-9.01	-7.96	-8.88	-8.38	-6.81	-5.3	-7.36	-5.38	-6.32	-5.91	-5.82	-8.69	-12.67
Price/Book Value High	-10.83	-11.28	-11.19	-9.71	-10.69	-9.65	-7.59	-6.48	-8.4	-8.13	-7.24	-7.39	-6.82	-11.19	-16.43
Price/Book Value Low	-8.05	-9.41	-7.33	-6.57	-7.33	-6.35	-6.12	-4.3	-6.02	-2.19	-4.79	-4.2	-4.76	-6.79	-9.68
Price/Tangible Book Value	1.52	1.45	1.39	1.86	1.66	1.64	1.61	1.7	1.94	1.56	1.93	1.42	1.77	2.33	2.86
Price/Tangible Book Value Average	1.41	1.36	1.67	1.57	1.72	1.71	1.77	1.5	1.94	1.44	1.76	1.72	1.56	2.02	2.48
Price/Tangible Book Value High	1.54	1.49	2.07	1.92	2.07	1.97	1.98	1.83	2.21	2.18	2.02	2.15	1.83	2.61	3.22
Price/Tangible Book Value Low	1.14	1.24	1.36	1.3	1.42	1.3	1.6	1.22	1.59	0.59	1.33	1.22	1.28	1.58	1.9
Price/Sales	7.28	7.64	5.16	6.95	6.17	5.64	5.45	5.55	6.44	5.85	7.74	5.25	7.18	9.68	11.58
Price/Sales Average	6.73	7.15	6.21	5.88	6.39	5.87	5.99	4.9	6.43	5.4	7.07	6.36	6.34	8.4	10.06
Price/Sales High	7.37	7.83	7.71	7.18	7.7	6.76	6.68	5.98	7.34	8.15	8.1	7.96	7.44	10.81	13.04
Price/Sales Low	5.48	6.53	5.05	4.86	5.28	4.45	5.39	3.97	5.26	2.2	5.36	4.52	5.19	6.56	7.68
Price/Cash Flow	16.11	16.81	15.01	20.35	17.13	14.63	16.33	16.37	21.4	19.67	28.58	22.8	29.03	33.68	42.87
Price/Cash Flow Average	14.89	15.73	18.06	17.23	17.76	15.22	17.95	14.44	21.36	18.13	26.12	27.65	25.65	29.23	37.22
Price/Cash Flow High	16.31	17.22	22.43	21.03	21.38	17.53	20.02	17.63	24.38	27.39	29.92	34.59	30.07	37.61	48.29
Price/Cash Flow Low	12.12	14.37	14.69	14.23	14.66	11.54	16.15	11.69	17.48	7.39	19.79	19.65	20.98	22.82	28.44
Price/Free Cash Flow Average	1.6	15.85	18.18	17.32	17.82	15.31	18.04	14.5	21.47	18.22	26.24	27.83	25.8	29.51	38
Price/Free Cash Flow High	1.75	17.34	22.58	21.13	21.45	17.62	20.11	17.71	24.49	27.52	30.06	34.81	30.25	37.97	49.3
Price/Free Cash Flow Low	1.3	14.47	14.79	14.3	14.71	11.6	16.22	11.75	17.57	7.42	19.87	19.78	21.11	23.04	29.03
EV/Sales Average	13.09	12.03	10.34	9.39	10.14	9.12	9.03	8.15	9.68	8.43	10.42	9.03	8.67	10.16	11.69
EV/Sales High	13.72	12.71	11.84	10.68	11.44	10.01	9.72	9.23	10.58	11.19	11.45	10.63	9.77	12.57	14.68
EV/Sales Low	11.83	11.41	9.18	8.36	9.02	7.7	8.43	7.22	8.51	5.23	8.71	7.19	7.52	8.32	9.32
EV/EBITDA Average	18.95	18.83	18.87	17.43	18.72	17.48	18.97	17.85	21.64	21.76	27.02	25.05	23.57	28.25	50
EV/EBITDA High	19.87	19.88	21.61	19.83	21.12	19.18	20.41	20.23	23.66	28.87	29.69	29.47	26.54	34.95	62.79
EV/EBITDA Low	17.13	17.86	16.76	15.52	16.65	14.76	17.7	15.81	19.02	13.51	22.57	19.94	20.43	23.13	39.85
EV/EBIT Average	36.94	36.01	42.88	33.13	31.27	29.65	35.03	32.77	39.87	53.16	64.3	69.92	59.74	69.67	351.07
EV/EBIT High	38.75	38.04	49.11	37.7	35.29	32.53	37.7	37.12	43.61	70.54	70.65	82.26	67.27	86.18	440.84
EV/EBIT Low	33.4	34.16	38.08	29.51	27.82	25.03	32.7	29.02	35.05	33	53.72	55.67	51.78	57.05	279.77
Last Price	54.53	61.29	53.57	75.67	68.03	66.93	63.77	69.41	81.78	64.62	85.77	65.55	90.17	126.03	185.61
High Price	55.21	62.8	80.07	78.17	84.88	80.19	78.17	74.75	93.17	89.99	89.8	99.43	93.42	140.75	209.05
Enterprise Value Average	17,036	21,653	29,737	31,318	38,938	38,773	38,832	38,051	49,359	38,670	49,083	52,175	56,180	79,826	124,688
Enterprise Value High	17,867	22,870	34,061	35,635	43,940	42,549	41,791	43,107	53,986	51,311	53,932	61,386	63,263	98,737	156,572
Enterprise Value Low	15,404	20,537	26,407	27,895	34,646	32,736	36,242	33,703	43,397	24,007	41,005	41,545	48,701	65,362	99,367

Shares Outstanding	192	260	290	329	355	363	372	384	410	417	447	491	564	635	697
Diluted Weighted Avg Shares	174	226	279	308	349	360	369	375	404	417	427	465	519	609	680
Basic Weighted Avg Shares	174	224	277	306	348	358	367	374	402	415	425	462	516	603	666
Revenue per Share	7.49	8.02	10.39	10.89	11.03	11.87	11.71	12.5	12.69	11.04	11.08	12.5	12.56	13.02	16.03
EBITDA per Share	5.17	5.13	5.69	5.87	5.97	6.19	5.57	5.7	5.68	4.28	4.27	4.51	4.62	4.69	3.75
Operating Income per Share	2.65	2.68	2.5	3.09	3.58	3.65	3.02	3.11	3.08	1.75	1.8	1.61	1.82	1.9	0.53
Basic EPS, GAAP	0.9	1.02	0.28	1.46	2.35	2.83	1.29	2.03	3.07	2.36	0.79	0.31	0.66	1.58	1.41
Basic EPS from Cont Ops	0.67	0.81	0.31	1.17	1.75	2	0.53	2.22	3.31	2.5	0.88	0.35	0.69	1.61	1.44
Diluted EPS, GAAP	0.9	1.01	0.28	1.45	2.34	2.81	1.28	2.02	3.05	2.35	0.79	0.3	0.66	1.56	1.38
Diluted EPS from Cont Ops	0.67	0.8	0.31	1.16	1.74	1.99	0.53	2.21	3.29	2.49	0.88	0.35	0.69	1.6	1.42
Dividend per Share	3.13	3.22	3.27	3.38	3.47	3.63	3.61	3.61	3.49	2.69	2.44	2.45	2.44	2.56	2.82
Cash Flow per Share	3.39	3.65	3.57	3.72	3.97	4.57	3.91	4.24	3.82	3.28	3	2.87	3.11	3.74	4.33
Free Cash Flow per Basic Share	-24.85	3.65	3.57	3.72	3.97	4.57	3.91	4.24	3.82	3.28	3	2.87	3.11	3.74	4.33
Cash & Equivalents per Share	0.94	4.61	0.57	1.55	1.04	1.17	0.66	0.58	0.71	3.72	0.63	1.37	3.87	5.82	7.56
Book Value per Share	-5.1	-5.57	-7.16	-8.05	-7.94	-8.31	-10.3	-11.54	-11.1	-11.07	-12.4	-13.45	-13.7	-12.58	-12.72
Tangible Book Value per Share	35.88	42.18	38.66	40.76	41.02	40.77	39.52	40.75	42.09	41.3	44.54	46.14	51.01	54.02	64.9

Welltower Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)