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Welltower WELL Management fees

Management fees at other companies

Sonida Senior Living logo
Sonida Senior LivingSNDA

Other financials

Income statement

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Revenue$3.4B+38.3%
Gross profit$1.3B+35.0%
Net income$752.3M+192%
EPS (diluted)$0.61+35.6%

Balance sheet

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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

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Operating cash flow$670.0M+11.9%
CapEx$269.8M+12.3%
Free cash flow$400.2M+11.6%

Valuation

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Market cap$170.05B+50.5%
Enterprise value$167.4B+52.3%

Profitability

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Gross margin39.8%+0.6pp
Net margin12.4%-0.5pp
FCF margin15.9%-1.4pp

Returns & leverage

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Return on equity3.7%+0.2pp
Debt / equity0.0×

Where this comes from

Reported directly by Welltower in its filing.

Tagged under the XBRL concept us-gaap:ManagementFeeExpense.

The source filing: Welltower’s 10-Q, filed April 29, 2026.

Filed
Apr 29, 2026, 7:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000766704-26-000021

We own interests in certain entities that provide comprehensive property management services with respect to certain of our Seniors Housing Operating properties. We pay management fees to these entities based on management agreements, plus if applicable, positive or negative adjustments based on specified performance targets. For the three months ended March 31, 2026 and 2025, we incurred fees of $25,877,000 and $19,994,000, respectively, that are reflected within property operating expenses within our Consolidated Statements of Comprehensive Income.

Item 6. Exhibits [57](#i81e7e820fa1641d1a1c73823580d520d_271)

FAQ

What is Welltower's management fees?
Welltower (WELL) reported management fees of $25.88M in Q1 2026.
How has Welltower's management fees changed year-over-year?
Welltower's management fees increased by 29.4% year-over-year, from $19.99M to $25.88M.
What does management fees mean?
The total costs incurred for third-party management services or internal management fees associated with the operation of real estate assets. This reflects the operational overhead required to maintain property performance and tenant relations.

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