v3.25.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100
Investment Based On:
Year(1)
Summary
Compensation
Table Total for PEO
($) (1,2)
Summary
Compensation
Table Total for PEO
($) (1,3)
Compensation
Actually Paid
to PEO
($) (1,2 )
Compensation
Actually Paid
to PEO
($) (1,3)
Average Summary Compensation Table Total for Non-PEO NEO
($) (1)
Average Compensation Actually Paid to Non-PEO NEO
($) (1)
Total Shareholder Return
($)(4)
Peer Group Total Shareholder Return
($)(5)
Net Income
Attributable to Common
Stockholders (In thousands)
($) (6)
Normalized
FFO per
diluted share
($) (7)
202420,200,824 — 106,628,885 — 5,767,430 30,904,176 180.71 114.71 951,680 4.32 
202317,250,363 — 40,809,501 — 5,038,923 10,743,501 126.31 113.36 340,094 3.64 
202214,317,407 — 5,970,149 — 4,121,683 2,497,577 89.10 99.68 141,214 3.35 
202112,787,358 — 22,858,790 — 3,096,543 4,768,476 113.03 131.78 336,138 3.21 
20209,557,434 14,589,584 5,290,290 (7,391,356)2,590,052 1,401,426 82.51 92.00 978,844 3.56 
        
Company Selected Measure Name normalized FFO        
Named Executive Officers, Footnote Amounts represent compensation actually paid to our PEO(s) and the average compensation actually paid to our remaining NEOs for the relevant fiscal year, as determined in accordance with SEC rules, which includes the individuals listed in the table below for each fiscal year.
YearPEONon-PEO NEOS
2024Shankh MitraTimothy G. McHugh, John F. Burkart, Matthew G. McQueen, and Nikhil Chaudhri
2021-2023Shankh MitraTimothy G. McHugh, John F. Burkart, Matthew G. McQueen, and Ayesha Menon
2020
Thomas J. DeRosa and Shankh Mitra
Timothy G. McHugh, Matthew G. McQueen, and Ayesha Menon
PEO 1: Shankh Mitra has been our Chief Executive Officer since October 5, 2020.PEO 2: Thomas J. DeRosa was our Chief Executive Officer from April 14, 2014 to October 5, 2020. 		       
Peer Group Issuers, Footnote Peer group TSR is based on the FTSE NAREIT Equity Health Care Index to which we compare our performance in our Form 10-K Stockholder Return Performance Presentation in Item 5.        
PEO Total Compensation Amount $ 20,200,824 $ 17,250,363 $ 14,317,407 $ 12,787,358 $ 9,557,434
PEO Actually Paid Compensation Amount $ 106,628,885 40,809,501 5,970,149 22,858,790 5,290,290
Adjustment To PEO Compensation, Footnote
Shankh Mitra, CEO20242023202220212020
SCT Total$20,200,824$17,250,363$14,317,407$12,787,358$9,557,434
Less: Fair Value of Awards Reported in the SCT(13,532,489)(11,653,191)(10,454,249)(7,500,075)(6,528,373)
Plus: Fair Value of Awards Granted in Year and Outstanding and Unvested at Year-End30,189,48819,380,2987,822,06014,018,1544,703,812
Plus: Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End59,995,95211,237,147(5,103,585)2,964,149(1,337,571)
Plus: Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year9,775,1104,594,884(611,484)589,204(1,105,012)
Total Compensation Actually Paid$106,628,885 $40,809,501 $5,970,149 $22,858,790 $5,290,290 
Thomas J. DeRosa, Former CEO20242023202220212020
SCT Total$14,589,584
Less: Fair Value of Awards Reported in the SCT(10,501,359)
Plus: Fair Value of Awards Granted in Year and Outstanding and Unvested at Year-End—
Plus: Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End—
Plus: Value of Awards Granted and Vested in the Year2,533,763
Plus: Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year(14,013,344)
Total Compensation Actually Paid$(7,391,356)
Average of Other NEOs20242023202220212020
SCT Total$5,767,430$5,038,923$4,121,683$3,096,543$2,590,052
Less: Fair Value of Awards Reported in the SCT(3,239,296)(3,047,939)(2,634,005)(1,475,967)(1,365,328)
Plus: Fair Value of Awards Granted in Year and Outstanding and Unvested at Year-End8,149,3255,046,5502,018,6832,563,124846,041
Plus: Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End17,904,1402,819,526(930,824)427,784(498,132)
Plus: Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year2,322,577886,441(77,960)156,992(171,207)
Total Average Compensation Actually Paid$30,904,176 $10,743,501 $2,497,577 $4,768,476 $1,401,426 
        
Non-PEO NEO Average Total Compensation Amount $ 5,767,430 5,038,923 4,121,683 3,096,543 2,590,052
Non-PEO NEO Average Compensation Actually Paid Amount $ 30,904,176 10,743,501 2,497,577 4,768,476 1,401,426
Adjustment to Non-PEO NEO Compensation Footnote
Shankh Mitra, CEO20242023202220212020
SCT Total$20,200,824$17,250,363$14,317,407$12,787,358$9,557,434
Less: Fair Value of Awards Reported in the SCT(13,532,489)(11,653,191)(10,454,249)(7,500,075)(6,528,373)
Plus: Fair Value of Awards Granted in Year and Outstanding and Unvested at Year-End30,189,48819,380,2987,822,06014,018,1544,703,812
Plus: Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End59,995,95211,237,147(5,103,585)2,964,149(1,337,571)
Plus: Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year9,775,1104,594,884(611,484)589,204(1,105,012)
Total Compensation Actually Paid$106,628,885 $40,809,501 $5,970,149 $22,858,790 $5,290,290 
Thomas J. DeRosa, Former CEO20242023202220212020
SCT Total$14,589,584
Less: Fair Value of Awards Reported in the SCT(10,501,359)
Plus: Fair Value of Awards Granted in Year and Outstanding and Unvested at Year-End—
Plus: Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End—
Plus: Value of Awards Granted and Vested in the Year2,533,763
Plus: Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year(14,013,344)
Total Compensation Actually Paid$(7,391,356)
Average of Other NEOs20242023202220212020
SCT Total$5,767,430$5,038,923$4,121,683$3,096,543$2,590,052
Less: Fair Value of Awards Reported in the SCT(3,239,296)(3,047,939)(2,634,005)(1,475,967)(1,365,328)
Plus: Fair Value of Awards Granted in Year and Outstanding and Unvested at Year-End8,149,3255,046,5502,018,6832,563,124846,041
Plus: Change in Fair Value from Prior Year-End to Current Year-End of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-End17,904,1402,819,526(930,824)427,784(498,132)
Plus: Change in Fair Value from Prior Year-End to Vesting Date of Awards Granted Prior to Year that Vested During Year2,322,577886,441(77,960)156,992(171,207)
Total Average Compensation Actually Paid$30,904,176 $10,743,501 $2,497,577 $4,768,476 $1,401,426 
        
Compensation Actually Paid vs. Total Shareholder Return
The NEOs’ pay, particularly the PEO’s, closely tracks with our TSR since, in any year, generally more than 70 percent of the NEOs’ compensation is comprised of equity awards. The chart below shows Mr. Mitra’s and the average of our other NEOs’ pay compared to our annual TSR performance and the Peer Group’s TSR performance (in thousands, except TSR data):
4032
        
Compensation Actually Paid vs. Net Income
The chart below shows Mr. Mitra’s and the average of our other NEOs’ average pay compared to our net income attributable to common stockholders (in thousands):
4627
        
Compensation Actually Paid vs. Company Selected Measure
The chart below shows Mr. Mitra’s and the average of our other NEOs’ pay compared to our normalized FFO per diluted share performance (in thousands, except per share data):
4802
        
Total Shareholder Return Vs Peer Group
The NEOs’ pay, particularly the PEO’s, closely tracks with our TSR since, in any year, generally more than 70 percent of the NEOs’ compensation is comprised of equity awards. The chart below shows Mr. Mitra’s and the average of our other NEOs’ pay compared to our annual TSR performance and the Peer Group’s TSR performance (in thousands, except TSR data):
4032
        
Tabular List, Table
The following table lists the most important financial performance measures used to link compensation actually paid to our NEOs to company performance.
Important Financial Performance Measures
Relative Total Shareholder Return
Normalized FFO per Diluted Share
Adjusted Fixed Charge Coverage
General and Administrative Expense Controls
(Net Debt + Preferred) / Annualized Adjusted EBITDA
        
Total Shareholder Return Amount $ 180.71 126.31 89.10 113.03 82.51
Peer Group Total Shareholder Return Amount 114.71 113.36 99.68 131.78 92.00
Net Income (Loss) $ 951,680,000 $ 340,094,000 $ 141,214,000 $ 336,138,000 $ 978,844,000
Company Selected Measure Amount 4.32 3.64 3.35 3.21 3.56
Additional 402(v) Disclosure TSR is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between Welltower’s share price at the end of each fiscal year shown and the beginning of the measurement period by (b) Welltower’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is December 31, 2019. The dollar amounts reported represent the amount of net income (or loss) attributable to common stockholders reflected in Welltower’s audited financial statements for the applicable year.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
Measure:: 2          
Pay vs Performance Disclosure          
Name Normalized FFO per Diluted Share        
Non-GAAP Measure Description See Appendix A for a discussion and reconciliation of non-GAAP measures.        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Fixed Charge Coverage        
Measure:: 4          
Pay vs Performance Disclosure          
Name General and Administrative Expense Controls        
Measure:: 5          
Pay vs Performance Disclosure          
Name (Net Debt + Preferred) / Annualized Adjusted EBITDA        
Thomas J. DeRosa [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount         $ 14,589,584
PEO Actually Paid Compensation Amount         $ (7,391,356)
PEO Name         Thomas J. DeRosa
Shankh Mitra [Member]          
Pay vs Performance Disclosure          
PEO Name Shankh Mitra Shankh Mitra Shankh Mitra Shankh Mitra Shankh Mitra
PEO | Thomas J. DeRosa [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         $ (10,501,359)
PEO | Thomas J. DeRosa [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Thomas J. DeRosa [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         0
PEO | Thomas J. DeRosa [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         2,533,763
PEO | Thomas J. DeRosa [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount         (14,013,344)
PEO | Shankh Mitra [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (13,532,489) $ (11,653,191) $ (10,454,249) $ (7,500,075) (6,528,373)
PEO | Shankh Mitra [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 30,189,488 19,380,298 7,822,060 14,018,154 4,703,812
PEO | Shankh Mitra [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 59,995,952 11,237,147 (5,103,585) 2,964,149 (1,337,571)
PEO | Shankh Mitra [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,775,110 4,594,884 (611,484) 589,204 (1,105,012)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,239,296) (3,047,939) (2,634,005) (1,475,967) (1,365,328)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,149,325 5,046,550 2,018,683 2,563,124 846,041
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 17,904,140 2,819,526 (930,824) 427,784 (498,132)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 2,322,577 $ 886,441 $ (77,960) $ 156,992 $ (171,207)