What is Welltower's utilities?

Welltower (WELL) reported utilities of $125M in Q1 2026.

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

Welltower's utilities increased by 20.3% year-over-year, from $103.9M to $125M.

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

Over 3 years (2022 to 2025), Welltower's utilities has grown at a 17.3% compound annual growth rate (CAGR), from $255.63M to $412.99M.

What does utilities mean?

The total costs incurred for electricity, water, gas, and other essential utility services required to operate properties. For healthcare real estate, this is a significant component of property-level operating expenses.

Welltower WELL Utilities

Utilities at other companies

Artesian ResourcesARTNA

$13.15M+6.7%

AWR

American States WaterAWR

$117.82M+15.0%

New Jersey ResourcesNJR

$59.45M+22.6%

National Fuel GasNFG

$68.13M+5.7%

XPLR Infrastructure, LPXIFR

$134M+21.8%

UnitilUTL

$161M+29.2%

Segments

By segment

See full

Seniors Housing Operating$121.59M+35.2%

Outpatient Medical$3.33M-76.0%

Triple-net$83K-11.7%

Other financials

Income statement

See full

Revenue$3.4B+38.3%

Gross profit$1.3B+35.0%

Net income$752.3M+192%

EPS (diluted)$0.61+35.6%

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%

CapEx$269.8M+12.3%

Free cash flow$400.2M+11.6%

Valuation

See full

Market cap$177.94B+71.9%

Enterprise value$175.29B+74.5%

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:UtilitiesOperatingExpense.

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 utilities?: Welltower (WELL) reported utilities of $125M in Q1 2026.
How has Welltower's utilities changed year-over-year?: Welltower's utilities increased by 20.3% year-over-year, from $103.9M to $125M.
What is the long-term trend for Welltower's utilities?: Over 3 years (2022 to 2025), Welltower's utilities has grown at a 17.3% compound annual growth rate (CAGR), from $255.63M to $412.99M.
What does utilities mean?: The total costs incurred for electricity, water, gas, and other essential utility services required to operate properties. For healthcare real estate, this is a significant component of property-level operating expenses.