What does outpatient medical — construction in progress mean?

Tracks the accumulated costs for development projects within the Outpatient Medical segment that are not yet operational. This includes land costs, construction materials, labor, and capitalized interest during the active development phase. It represents the pipeline of future income-generating assets for the segment.

Welltower WELL Outpatient Medical — Construction in progress

Similar metrics at other companies

AHROutpatient Medical — Capital Expenditures Incurred

$3.06M+13.7%

DOCOutpatient medical — Operating Expenses

$106.26M+3.9%

AHROutpatient Medical — Total Assets

$1.04B-6.3%

DOCOutpatient medical — Other segment items

$28.7M-11.1%

OFL

OFLXConstruction in progress

$1.19M+249%

BFS

BFSConstruction in progress

$113.89M-66.2%

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 well:BusinessCombinationRecognizedAssetAcquiredPropertyPlantAndEquipmentConstructionInProgress.

The official record: Welltower’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

Ask your AI about Welltower's outpatient medical — construction in progress.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Welltower's outpatient medical — construction in progress?: Welltower (WELL) reported outpatient medical — construction in progress of $0 in Q4 2025.
What does outpatient medical — construction in progress mean?: Tracks the accumulated costs for development projects within the Outpatient Medical segment that are not yet operational. This includes land costs, construction materials, labor, and capitalized interest during the active development phase. It represents the pipeline of future income-generating assets for the segment.