Business Segments · Property operating expenses
Senior Housing Operating — Property operating expenses
Welltower Senior Housing Operating — Property operating expenses increased by 25.2% to $1.88B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 40.8%, from $1.33B to $1.88B. Over 4 years (FY 2021 to FY 2025), Senior Housing Operating — Property operating expenses shows an upward trend with a 25.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ4 2025
Rolls up toTotal Cost of Revenue
How to read this metric
An increase relative to revenue suggests margin compression, while a decrease relative to revenue suggests improved operational efficiency.
Detailed definition
The total costs associated with running the properties, including staffing, utilities, maintenance, and property taxes....
Peer comparison
Standard 'Operating Expenses' (OPEX) for property management.
Metric ID:
well_segment_seniors_housing_operating_property_operating_expensesHistorical Data
19 periods
| 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 | $582.36M | $666.61M | $724.41M | $789.93M | $789.30M | $841.91M | $870.90M | $883.78M | $885.19M | $918.99M | $967.55M | $1.02B | $1.03B | $1.14B | $1.33B | $1.38B | $1.44B | $1.50B | $1.88B |
| QoQ Change | — | +14.5% | +8.7% | +9.0% | -0.1% | +6.7% | +3.4% | +1.5% | +0.2% | +3.8% | +5.3% | +5.4% | +1.5% | +9.8% | +17.4% | +3.8% | +3.9% | +4.2% | +25.2% |
| YoY Change | — | — | — | — | +35.5% | +26.3% | +20.2% | +11.9% | +12.1% | +9.2% | +11.1% | +15.3% | +16.9% | +23.6% | +37.8% | +35.8% | +39.0% | +32.0% | +40.8% |
Range$582.36M – $1.88B
CAGR+29.7%
Avg YoY Growth+24.5%
Median YoY Growth+23.6%
Current Streak14 quarters growth
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Frequently Asked Questions
- What is Welltower's senior housing operating — property operating expenses?
- Welltower (WELL) reported senior housing operating — property operating expenses of $1.88B in Q4 2025.
- How has Welltower's senior housing operating — property operating expenses changed year-over-year?
- Welltower's senior housing operating — property operating expenses increased by 40.8% year-over-year, from $1.33B to $1.88B.
- What is the long-term trend for Welltower's senior housing operating — property operating expenses?
- Over 4 years (2021 to 2025), Welltower's senior housing operating — property operating expenses has grown at a 25.1% compound annual growth rate (CAGR), from $2.53B to $6.20B.
- What does senior housing operating — property operating expenses mean?
- The total cost to operate and maintain the properties.