Welltower WELL
NYSE WELL
$235.97 -1.28 (-0.54%)
At close: Sep 9, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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