Non-Current Liabilities

Lease liabilities

Welltower Lease liabilities increased by 66.4% to $2.18B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 73.5%, from $1.26B to $2.18B. Over 5 years (FY 2020 to FY 2025), Lease liabilities shows an upward trend with a 39.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ4 2018
Last reportedQ4 2025

How to read this metric

An increase suggests expansion of leased assets or higher long-term debt obligations, while a decrease indicates lease expirations or debt repayment.

Detailed definition

This represents the present value of future lease payments for long-term operating or finance leases that are due beyond...

Peer comparison

Standard across all companies reporting under ASC 842, though higher in companies with significant leased real estate footprints.

Metric ID: non_current_liabilities_lease_liability

Historical Data

19 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$409.63M$544.55M$545.94M$549.00M$410.72M$410.42M$415.82M$415.17M$348.77M$365.12M$383.23M$381.32M$393.67M$392.36M$1.26B$1.29B$1.34B$1.31B$2.18B
QoQ Change+32.9%+0.3%+0.6%-25.2%-0.1%+1.3%-0.2%-16.0%+4.7%+5.0%-0.5%+3.2%-0.3%+220.6%+2.2%+3.9%-1.8%+66.4%
YoY Change+0.3%-24.6%-23.8%-24.4%-15.1%-11.0%-7.8%-8.2%+12.9%+7.5%+228.3%+237.2%+239.3%+234.3%+73.5%
Range$348.77M$2.18B
CAGR+45.0%
Avg YoY Growth+61.2%
Median YoY Growth+0.3%

Frequently Asked Questions

What is Welltower's lease liabilities?
Welltower (WELL) reported lease liabilities of $2.18B in Q4 2025.
How has Welltower's lease liabilities changed year-over-year?
Welltower's lease liabilities increased by 73.5% year-over-year, from $1.26B to $2.18B.
What is the long-term trend for Welltower's lease liabilities?
Over 5 years (2020 to 2025), Welltower's lease liabilities has grown at a 39.2% compound annual growth rate (CAGR), from $418.27M to $2.18B.
What does lease liabilities mean?
The total value of long-term lease payments the company is obligated to pay in the future.

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