Welltower SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Improvements remained flat by 0.0% to $262.57M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 22.5%, from $214.39M to $262.57M. Over 4 years (FY 2021 to FY 2025), SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Improvements shows an upward trend with a 38.8% CAGR.
Consistent investment is necessary to maintain asset quality; insufficient spending may lead to property obsolescence and declining rental income.
Capital expenditures directed toward the renovation, enhancement, or structural improvement of existing real estate asse...
Standard capital expenditure metric for real estate operators and REITs.
other_real_estate_improvements| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $282.83M | $476.02M | $517.68M | $857.55M | $1.05B |
| YoY Change | — | +68.3% | +8.8% | +65.7% | +22.5% |