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Welltower WELL Outpatient Medical — Buildings and improvements

Other segment segments

Seniors Housing Operating
$822.59M-24.9%
Triple-net
$170.18M-85.6%

Similar metrics at other companies

Healthpeak Properties logo
DOCOutpatient Medical Buildings — Property count
59+5,800%
Healthcare Realty Trust logo
HRMedial Outpatient Properties Segment — Totals
$97.38M-6.3%
Healthcare Realty Trust logo
HRMedial Outpatient Properties Segment — Revenue
$278.99M-6.7%
HCA Healthcare logo
HCABuildings and improvements
$23.73B+4.6%
American Healthcare REIT logo
AHROutpatient Medical — Capital Expenditures Incurred
$3.06M+13.7%
Healthpeak Properties logo
DOCOutpatient medical — Other segment items
$28.7M-11.1%

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$177.94B+71.9%
Enterprise value$175.29B+74.5%

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:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings.

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 outpatient medical — buildings and improvements?
Welltower (WELL) reported outpatient medical — buildings and improvements of $87.24M in Q1 2026.
How has Welltower's outpatient medical — buildings and improvements changed year-over-year?
Welltower's outpatient medical — buildings and improvements increased by 5332.3% year-over-year, from $1.61M to $87.24M.
What is the long-term trend for Welltower's outpatient medical — buildings and improvements?
Over 4 years (2021 to 2025), Welltower's outpatient medical — buildings and improvements has grown at a -69.7% compound annual growth rate (CAGR), from $704.56M to $5.92M.
What does outpatient medical — buildings and improvements mean?
Reflects the capitalized cost of physical structures and major structural enhancements within the Outpatient Medical segment. This metric tracks the primary income-generating assets of the segment, accounting for both initial construction and subsequent capital expenditures that extend the useful life of the properties. It serves as a key indicator of the scale and quality of the physical portfolio.