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Pay vs Performance Disclosure
12 Months Ended
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 ($) (1,3)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs ($) (1)
Average
Compensation
Actually Paid
to Non-PEO
NEOs ($) (1)
Total
Shareholder
Return(4) ($)
Peer Group
Total
Shareholder
Return(5) ($)
Net Income
Attributable to Common
Stockholders (In thousands) ($) (6)
Normalized
FFO per
diluted share ($) (7)
202317,199,891 — 40,759,029 — 5,038,923 10,743,501 $126.31 $113.36 340,094 3.64 
202214,266,935 — 5,919,677 — 4,121,683 2,497,577 $89.10 $99.68 141,214 3.35 
202112,753,710 — 22,825,142 — 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
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.      
Adjustment To PEO Compensation, Footnote
Shankh Mitra, CEO2023202220212020
SCT Total$17,199,891$14,266,935$12,753,710$9,557,434
Less: Fair Value of Awards Reported in the SCT(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-End19,380,2987,822,06014,018,1544,703,812
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-End11,237,147(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 Year4,594,884(611,484)589,204(1,105,012)
Total Compensation Actually Paid$40,759,029 $5,919,677 $22,825,142 $5,290,290 
Thomas J. DeRosa, Former CEO2023202220212020
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 NEOs2023202220212020
SCT Total$5,038,923$4,121,683$3,096,543$2,590,052
Less: Fair Value of Awards Reported in the SCT(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-End5,046,5502,018,6832,563,124846,041
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-End2,819,526(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 Year886,441(77,960)156,992(171,207)
Total Average Compensation Actually Paid$10,743,501 $2,497,577 $4,768,476 $1,401,426 
     
Non-PEO NEO Average Total Compensation Amount $ 5,038,923 $ 4,121,683 $ 3,096,543 $ 2,590,052
Non-PEO NEO Average Compensation Actually Paid Amount $ 10,743,501 2,497,577 4,768,476 1,401,426
Adjustment to Non-PEO NEO Compensation Footnote
Shankh Mitra, CEO2023202220212020
SCT Total$17,199,891$14,266,935$12,753,710$9,557,434
Less: Fair Value of Awards Reported in the SCT(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-End19,380,2987,822,06014,018,1544,703,812
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-End11,237,147(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 Year4,594,884(611,484)589,204(1,105,012)
Total Compensation Actually Paid$40,759,029 $5,919,677 $22,825,142 $5,290,290 
Thomas J. DeRosa, Former CEO2023202220212020
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 NEOs2023202220212020
SCT Total$5,038,923$4,121,683$3,096,543$2,590,052
Less: Fair Value of Awards Reported in the SCT(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-End5,046,5502,018,6832,563,124846,041
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-End2,819,526(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 Year886,441(77,960)156,992(171,207)
Total Average Compensation Actually Paid$10,743,501 $2,497,577 $4,768,476 $1,401,426 
     
Compensation Actually Paid vs. Total Shareholder Return
4641
     
Compensation Actually Paid vs. Net Income
5224
     
Compensation Actually Paid vs. Company Selected Measure
5364
     
Total Shareholder Return Vs Peer Group
4641
     
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 $ 126.31 89.10 113.03 82.51
Peer Group Total Shareholder Return Amount 113.36 99.68 131.78 92.00
Net Income (Loss) $ 340,094,000 $ 141,214,000 $ 336,138,000 $ 978,844,000
Company Selected Measure Amount 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      
Shankh Mitra [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 17,199,891 $ 14,266,935 $ 12,753,710 $ 9,557,434
PEO Actually Paid Compensation Amount $ 40,759,029 5,919,677 22,825,142 $ 5,290,290
PEO Name Shankh Mitra     Shankh Mitra
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
PEO | Shankh Mitra [Member] | Fair Value of Awards Reported in the SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (11,653,191) (10,454,249) (7,500,075) $ (6,528,373)
PEO | Shankh Mitra [Member] | Change in Fair Value of Awards Granted in Year and Unvested at YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 19,380,298 7,822,060 14,018,154 4,703,812
PEO | Shankh Mitra [Member] | Change in Fair Value from Prior YearEnd to Current YearEnd of Awards Granted Prior to Year that were Outstanding and Unvested as of YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 11,237,147 (5,103,585) 2,964,149 (1,337,571)
PEO | Shankh Mitra [Member] | Change in Fair Value from Prior YearEnd to Vesting Date of Awards Granted Prior to Year that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,594,884 (611,484) 589,204 (1,105,012)
PEO | Thomas J. DeRosa [Member] | Fair Value of Awards Reported in the SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (10,501,359)
PEO | Thomas J. DeRosa [Member] | Change in Fair Value of Awards Granted in Year and Unvested at YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       0
PEO | Thomas J. DeRosa [Member] | Change in Fair Value from Prior YearEnd to Current YearEnd of Awards Granted Prior to Year that were Outstanding and Unvested as of YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       0
PEO | Thomas J. DeRosa [Member] | Change in Fair Value from Prior YearEnd to Vesting Date of Awards Granted Prior to Year that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (14,013,344)
PEO | Thomas J. DeRosa [Member] | Value of Awards Granted and Vested in the Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       2,533,763
Non-PEO NEO | Fair Value of Awards Reported in the SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,047,939) (2,634,005) (1,475,967) (1,365,328)
Non-PEO NEO | Change in Fair Value of Awards Granted in Year and Unvested at YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,046,550 2,018,683 2,563,124 846,041
Non-PEO NEO | Change in Fair Value from Prior YearEnd to Current YearEnd of Awards Granted Prior to Year that were Outstanding and Unvested as of YearEnd [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,819,526 (930,824) 427,784 (498,132)
Non-PEO NEO | Change in Fair Value from Prior YearEnd to Vesting Date of Awards Granted Prior to Year that Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 886,441 $ (77,960) $ 156,992 $ (171,207)