Welltower (WELL) Operating Leases (2018 - 2026)

Welltower's (WELL) quarterly Operating Leases came in at $2.1 billion in Q1 2026, up 59.54% year-on-year from $1.3 billion in Q1 2025, and down 6.03% on a QoQ basis from $2.2 billion in Q4 2025.

Welltower (WELL) Operating Leases (2018 - 2026) Analysis & Trends

Welltower (WELL) has 9 years of Operating Leases data on file, last reported at $2.1 billion in Q1 2026.

  • On a quarterly basis, Operating Leases rose 59.54% year-over-year to $2.1 billion in Q1 2026; TTM through Mar 2026 was $2.1 billion, a 59.54% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, up 73.52% from the prior year.
  • Operating Leases for Q1 2026 stood at $2.1 billion, down from $2.2 billion in the prior quarter.
  • Over the last five years, Operating Leases for WELL reached as high as $2.2 billion in Q4 2025 and fell as low as $66.5 million in Q1 2023.
  • Historically, Operating Leases has averaged $796.6 million across 5 years, with a median of $410.7 million in 2022.
  • Across the five-year window, Operating Leases sank 87.88% in 2023 and soared 473.15% in 2024, its largest moves.
  • Year by year, Operating Leases stood at $415.8 million in 2022, then dropped by 7.84% to $383.2 million in 2023, then surged by 228.29% to $1.3 billion in 2024, then jumped by 73.52% to $2.2 billion in 2025, then dropped by 6.03% to $2.1 billion in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $2.1 billion in Q1 2026, $2.2 billion in Q4 2025, and $1.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Welltower 172.91 Bn 168.34 Bn 1.30 Bn
2 Ventas 46.62 Bn 46.50 Bn 1.65 Bn
3 Healthpeak Properties 15.34 Bn 16.55 Bn -
4 Omega Healthcare Investors 15.14 Bn 15.41 Bn -
5 American Healthcare REIT 10.71 Bn 10.59 Bn 97.60 Mn
6 CareTrust REIT 9.45 Bn 9.46 Bn -
7 Healthcare Realty Trust 7.33 Bn 7.33 Bn -
8 Sabra Health Care REIT 5.09 Bn 5.09 Bn -
9 Diversified Healthcare Trust 4.51 Bn 4.39 Bn 295.29 Mn
10 National Health Investors 3.86 Bn 3.87 Bn -

Historic Data

Download Data
DateValue
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 66.53 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
Jun 30, 2021 409.63 Mn