Discontinued — last reported Q2 '20
Construction in progress
Welltower Construction in progress increased by 44.4% to $738.86M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 39.4%, from $1.22B to $738.86M. Over 5 years (FY 2020 to FY 2025), Construction in progress shows an upward trend with a 8.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
A high balance indicates significant ongoing capital expenditure and future growth potential through expanded production capacity.
Detailed definition
The accumulated costs for capital projects that are currently under construction and not yet ready for operational use....
Peer comparison
Reflects the company's current investment cycle and long-term growth strategy compared to industry peers.
ppe_construction_in_progressHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $458.84M | $562.49M | $651.39M | $717.66M | $900.63M | $1.01B | $1.02B | $1.12B | $1.11B | $1.34B | $1.30B | $1.34B | $1.47B | $1.37B | $1.22B | $1.05B | $712.12M | $511.57M | $738.86M |
| QoQ Change | — | +22.6% | +15.8% | +10.2% | +25.5% | +12.4% | +0.9% | +9.8% | -1.1% | +20.7% | -2.5% | +2.9% | +9.8% | -6.7% | -11.3% | -14.3% | -31.9% | -28.2% | +44.4% |
| YoY Change | — | — | — | — | +96.3% | +80.0% | +56.8% | +56.3% | +23.1% | +32.2% | +27.8% | +19.7% | +32.9% | +2.8% | -6.5% | -22.1% | -51.7% | -62.8% | -39.4% |
Construction in progress at Other Companies
Frequently Asked Questions
- What is Welltower's construction in progress?
- Welltower (WELL) reported construction in progress of $738.86M in Q4 2025.
- How has Welltower's construction in progress changed year-over-year?
- Welltower's construction in progress decreased by 39.4% year-over-year, from $1.22B to $738.86M.
- What is the long-term trend for Welltower's construction in progress?
- Over 5 years (2020 to 2025), Welltower's construction in progress has grown at a 8.7% compound annual growth rate (CAGR), from $487.74M to $738.86M.
- What does construction in progress mean?
- The value of capital projects currently being built but not yet in use.