What is Welltower's capex?

Welltower (WELL) reported capex of $269.83M in Q1 2026.

How has Welltower's capex changed year-over-year?

Welltower's capex increased by 12.3% year-over-year, from $240.35M to $269.83M.

What is the long-term trend for Welltower's capex?

Over 4 years (2021 to 2025), Welltower's capex has grown at a 38.8% compound annual growth rate (CAGR), from $282.59M to $1.05B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Welltower WELL CapEx

Discontinued — last reported Q1 '26

CapEx at other companies

UHT

Universal Health RealtyUHT

$22K—

LTC PropertiesLTC

$2.67M+101%

Omega Healthcare InvestorsOHI

$8.76M-56.6%

Sonida Senior LivingSNDA

$6.76M-19.0%

Healthcare Realty TrustHR

$38.37M+43.0%

Community Healthcare TrustCHCT

$4.97M+6.1%

Segments

By segment

See full

Seniors Housing Operating$246.5M+12.4%

Outpatient Medical$12.15M-21.4%

Triple-net$11.18M+98.3%

Other financials

Income statement

See full

Revenue$3.4B+38.3%

Gross profit$1.3B+35.0%

Net income$752.3M+192%

EPS (diluted)$1.02+155%

Balance sheet

See full

Cash & equivalents$4.7B+34.3%

Total debt$2.1B+59.5%

Total equity$43.8B+29.0%

Total assets$67.2B+26.1%

Cash flow

See full

Operating cash flow$670.0M+11.9%

Free cash flow$400.2M+11.6%

Valuation

See full

Market cap$165.11B+65.3%

Enterprise value$162.46B+67.8%

P/E113.3×+25.9×

P/S14×+3.3×

Profitability

See full

Gross margin39.8%+0.6pp

Net margin12.4%-0.5pp

FCF margin15.9%-1.4pp

Returns & leverage

See full

Return on equity3.7%+0.2pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Welltower in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForCapitalImprovements.

The official record: Welltower’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Welltower's capex?: Welltower (WELL) reported capex of $269.83M in Q1 2026.
How has Welltower's capex changed year-over-year?: Welltower's capex increased by 12.3% year-over-year, from $240.35M to $269.83M.
What is the long-term trend for Welltower's capex?: Over 4 years (2021 to 2025), Welltower's capex has grown at a 38.8% compound annual growth rate (CAGR), from $282.59M to $1.05B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.