Business Segments · Buildings and improvements
Triple Net — Buildings and improvements
Welltower Triple Net — Buildings and improvements increased by 178.2% to $5.71B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 703.7%, from $710.36M to $5.71B. Over 4 years (FY 2021 to FY 2025), Triple Net — Buildings and improvements shows an upward trend with a 56.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2018
Last reportedQ4 2025
How to read this metric
Growth indicates expansion of the physical footprint or significant capital reinvestment into existing properties.
Detailed definition
The carrying value of physical structures and subsequent capital improvements within the triple-net lease segment. This...
Peer comparison
Common across all REITs reporting gross or net property assets by segment.
Metric ID:
well_segment_triple_net_buildings_and_improvementsHistorical 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 | $268.21M | $436.83M | $809.33M | $171.00K | $171.00K | $172.00K | $59.25M | $74.29M | $74.29M | $430.04M | $969.48M | $253.00K | $61.91M | $621.38M | $710.36M | $1.18B | $1.23B | $2.05B | $5.71B |
| QoQ Change | — | +62.9% | +85.3% | -100.0% | +0.0% | +0.6% | >999% | +25.4% | +0.0% | +478.9% | +125.4% | -100.0% | >999% | +903.6% | +14.3% | +66.5% | +3.9% | +67.0% | +178.2% |
| YoY Change | — | — | — | — | -99.9% | -100.0% | -92.7% | >999% | >999% | >999% | >999% | -99.7% | -16.7% | +44.5% | -26.7% | >999% | >999% | +230.3% | +703.7% |
Range$171.00K – $5.71B
CAGR+97.3%
Avg YoY Growth>999%
Median YoY Growth+230.3%
Current Streak7 quarters growth
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Frequently Asked Questions
- What is Welltower's triple net — buildings and improvements?
- Welltower (WELL) reported triple net — buildings and improvements of $5.71B in Q4 2025.
- How has Welltower's triple net — buildings and improvements changed year-over-year?
- Welltower's triple net — buildings and improvements increased by 703.7% year-over-year, from $710.36M to $5.71B.
- What is the long-term trend for Welltower's triple net — buildings and improvements?
- Over 4 years (2021 to 2025), Welltower's triple net — buildings and improvements has grown at a 56.8% compound annual growth rate (CAGR), from $1.68B to $10.17B.
- What does triple net — buildings and improvements mean?
- The value of buildings and structural upgrades held in the triple-net lease portfolio.