Operating
Amortization of above and below Market Leases
Welltower Amortization of above and below Market Leases increased by 85.7% to -$213.00K in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 44.7%, from -$385.00K to -$213.00K. Over 4 years (FY 2021 to FY 2025), Amortization of above and below Market Leases shows an upward trend with a -6.3% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryProfitability
SignalContext dependent
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 29, 2026
How to read this metric
Positive or negative adjustments indicate whether the acquired portfolio's leases are currently priced above or below market rates.
Detailed definition
This represents the amortization of the difference between the market rent at the time of property acquisition and the a...
Peer comparison
Common for REITs that frequently acquire portfolios; peers will show this based on their recent acquisition history.
Metric ID:
operating_amortization_of_above_and_below_market_leasesHistorical 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 | -$466.00K | -$1.12M | -$1.49M | -$419.00K | -$384.00K | -$396.00K | -$494.00K | -$82.00K | -$166.00K | -$188.00K | -$93.00K | -$5.00K | $19.00K | $152.00K | -$385.00K | -$385.00K | -$424.00K | -$419.00K | -$1.49M | -$213.00K |
| QoQ Change | — | -140.1% | -33.2% | +71.9% | +8.4% | -3.1% | -24.7% | +83.4% | -102.4% | -13.3% | +50.5% | +94.6% | +480.0% | +700.0% | -353.3% | +0.0% | -10.1% | +1.2% | -256.3% | +85.7% |
| YoY Change | — | — | — | — | +17.6% | +64.6% | +66.9% | +80.4% | +56.8% | +52.5% | +81.2% | +93.9% | +111.4% | +180.9% | -314.0% | <-999% | <-999% | -375.7% | -287.8% | +44.7% |
Range-$1.49M – $152.00K
CAGR-15.2%
Avg YoY Growth-628.6%
Median YoY Growth+54.6%
Amortization of above and below Market Leases at Other Companies
Frequently Asked Questions
- What is Welltower's amortization of above and below market leases?
- Welltower (WELL) reported amortization of above and below market leases of -$213.00K in Q1 2026.
- How has Welltower's amortization of above and below market leases changed year-over-year?
- Welltower's amortization of above and below market leases increased by 44.7% year-over-year, from -$385.00K to -$213.00K.
- What is the long-term trend for Welltower's amortization of above and below market leases?
- Over 4 years (2021 to 2025), Welltower's amortization of above and below market leases has grown at a -6.3% compound annual growth rate (CAGR), from -$3.54M to -$2.72M.
- What does amortization of above and below market leases mean?
- The adjustment made to rental income to account for leases acquired at rates different from current market values.