• Welltower average pre-tax profit margin for 2023 was 3.84%, a 11.32% increase from 2022.
• Welltower average pre-tax profit margin for 2022 was 4.33%, a 2992.86% decline from 2021.
• Welltower average pre-tax profit margin for 2021 was 0.14%, a 97.01% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.