Welltower (WELL) Operating Leases (2018 - 2026)
Welltower's (WELL) quarterly Operating Leases came in at $2.0 billion in Q2 2026, up 49.33% year-over-year from $1.3 billion in Q2 2025, and down 2.77% quarter-over-quarter from $2.1 billion in Q1 2026.
Analysis
Welltower (WELL) Operating Leases (2018 - 2026) Analysis & Trends
Welltower (WELL) has reported Operating Leases for 9 consecutive years, with $2.0 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Leases rose 49.33% year-over-year to $2.0 billion in Q2 2026; TTM through Jun 2026 was $2.0 billion, a 49.33% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 73.52% from the prior year.
- Operating Leases was $2.0 billion for Q2 2026 at Welltower, down from $2.1 billion in the prior quarter.
- Over five years, Operating Leases peaked at $2.2 billion in Q4 2025 and troughed at $348.8 million in Q2 2023.
- A 5-year average of $882.5 million and a median of $415.5 million in 2022 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases fell 24.63% in 2022 and surged 239.28% in 2025, its largest moves.
- Over 5 years, Operating Leases stood at $415.8 million in 2022, then fell by 7.84% to $383.2 million in 2023, then jumped by 228.29% to $1.3 billion in 2024, then soared by 73.52% to $2.2 billion in 2025, then dropped by 8.63% to $2.0 billion in 2026.
- The last three Operating Leases figures came in at $2.0 billion (Q2 2026), $2.1 billion (Q1 2026), and $2.2 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 170.25 Bn | 169.31 Bn | 1.39 Bn |
| 2 | Ventas | 46.29 Bn | 46.60 Bn | 1.73 Bn |
| 3 | Healthpeak Properties | 14.22 Bn | 15.84 Bn | - |
| 4 | Omega Healthcare Investors | 13.87 Bn | 14.12 Bn | - |
| 5 | American Healthcare REIT | 10.65 Bn | 10.51 Bn | 149.41 Mn |
| 6 | CareTrust REIT | 9.21 Bn | 9.22 Bn | - |
| 7 | Healthcare Realty Trust | 6.55 Bn | 6.61 Bn | - |
| 8 | Sabra Health Care REIT | 5.31 Bn | 5.31 Bn | - |
| 9 | Diversified Healthcare Trust | 4.63 Bn | 4.51 Bn | 298.67 Mn |
| 10 | National Health Investors | 3.43 Bn | 3.44 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.99 Bn |
| Mar 31, 2026 | 2.05 Bn |
| Dec 31, 2025 | 2.18 Bn |
| Sep 30, 2025 | 1.31 Bn |
| Jun 30, 2025 | 1.34 Bn |
| Mar 31, 2025 | 1.29 Bn |
| Dec 31, 2024 | 1.26 Bn |
| Sep 30, 2024 | 392.36 Mn |
| Jun 30, 2024 | 393.67 Mn |
| Mar 31, 2024 | 381.32 Mn |
| Dec 31, 2023 | 383.23 Mn |
| Sep 30, 2023 | 365.12 Mn |
| Jun 30, 2023 | 348.77 Mn |
| Mar 31, 2023 | 415.17 Mn |
| Dec 31, 2022 | 415.82 Mn |
| Sep 30, 2022 | 410.42 Mn |
| Jun 30, 2022 | 410.72 Mn |
| Mar 31, 2022 | 549.00 Mn |
| Dec 31, 2021 | 545.94 Mn |
| Sep 30, 2021 | 544.55 Mn |