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| Date | Value |
|---|---|
| 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 |