Revenue
Operating Lease Variable Income
Welltower Operating Lease Variable Income decreased by 47.7% to $19.57M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 66.0%, from $57.56M to $19.57M. Over 4 years (FY 2021 to FY 2025), Operating Lease Variable Income shows an upward trend with a 3.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ1 2019
Last reportedQ1 2026Apr 29, 2026
How to read this metric
An increase signals successful participation in tenant growth or favorable market conditions, though it introduces more revenue volatility.
Detailed definition
Captures income derived from variable lease components, such as percentage rents or performance-based escalators, within...
Peer comparison
Common in retail and senior housing REITs where lease terms are tied to operational performance.
Metric ID:
wfc_operating_lease_variable_incomeHistorical Data
20 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $43.86M | $44.74M | $46.23M | $48.07M | $48.24M | $49.23M | $48.01M | $53.79M | $54.77M | $55.41M | $48.00M | $56.23M | $53.38M | $56.26M | $52.55M | $57.56M | $54.30M | $56.00M | $37.41M | $19.57M |
| QoQ Change | — | +2.0% | +3.3% | +4.0% | +0.3% | +2.1% | -2.5% | +12.1% | +1.8% | +1.2% | -13.4% | +17.1% | -5.1% | +5.4% | -6.6% | +9.5% | -5.7% | +3.1% | -33.2% | -47.7% |
| YoY Change | — | — | — | — | +10.0% | +10.0% | +3.9% | +11.9% | +13.6% | +12.6% | -0.0% | +4.5% | -2.5% | +1.5% | +9.5% | +2.4% | +1.7% | -0.4% | -28.8% | -66.0% |
Range$19.57M – $57.56M
CAGR-15.6%
Avg YoY Growth-1.0%
Median YoY Growth+3.1%
Current Streak2 quarters decline
Operating Lease Variable Income at Other Companies
Frequently Asked Questions
- What is Welltower's operating lease variable income?
- Welltower (WELL) reported operating lease variable income of $19.57M in Q1 2026.
- How has Welltower's operating lease variable income changed year-over-year?
- Welltower's operating lease variable income decreased by 66.0% year-over-year, from $57.56M to $19.57M.
- What is the long-term trend for Welltower's operating lease variable income?
- Over 4 years (2021 to 2025), Welltower's operating lease variable income has grown at a 3.2% compound annual growth rate (CAGR), from $180.86M to $205.28M.
- What does operating lease variable income mean?
- Income from leases that fluctuates based on tenant performance or other variable contractual terms.