Outpatient Medical — Property operating expenses
Welltower Outpatient Medical — Property operating expenses decreased by 32.9% to $42.47M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 28.3%, from $59.21M to $42.47M. Over 4 years (FY 2021 to FY 2025), Outpatient Medical — Property operating expenses shows an upward trend with a 5.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue may signal declining operational efficiency or rising inflationary pressures on property management costs.
Detailed definition
The total costs incurred to operate and maintain outpatient medical properties, including utilities, maintenance, taxes,...
Peer comparison
Standard industry metric known as 'Property Operating Expenses' or 'Property-Level Expenses'.
well_segment_outpatient_medical_property_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $45.50M | $48.07M | $46.51M | $49.92M | $50.65M | $52.92M | $52.51M | $58.37M | $58.70M | $62.20M | $52.69M | $62.46M | $61.19M | $62.78M | $59.21M | $64.61M | $62.83M | $63.32M | $42.47M |
| QoQ Change | — | +5.7% | -3.3% | +7.3% | +1.5% | +4.5% | -0.8% | +11.1% | +0.6% | +6.0% | -15.3% | +18.5% | -2.0% | +2.6% | -5.7% | +9.1% | -2.7% | +0.8% | -32.9% |
| YoY Change | — | — | — | — | +11.3% | +10.1% | +12.9% | +16.9% | +15.9% | +17.5% | +0.3% | +7.0% | +4.2% | +0.9% | +12.4% | +3.4% | +2.7% | +0.9% | -28.3% |
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Frequently Asked Questions
- What is Welltower's outpatient medical — property operating expenses?
- Welltower (WELL) reported outpatient medical — property operating expenses of $42.47M in Q4 2025.
- How has Welltower's outpatient medical — property operating expenses changed year-over-year?
- Welltower's outpatient medical — property operating expenses decreased by 28.3% year-over-year, from $59.21M to $42.47M.
- What is the long-term trend for Welltower's outpatient medical — property operating expenses?
- Over 4 years (2021 to 2025), Welltower's outpatient medical — property operating expenses has grown at a 5.7% compound annual growth rate (CAGR), from $186.94M to $233.23M.
- What does outpatient medical — property operating expenses mean?
- The total cost of running and maintaining outpatient medical properties.