Outpatient Medical — Net Operating Income
Welltower Outpatient Medical — Net Operating Income decreased by 33.2% to $101.46M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 27.4%, from $139.81M to $101.46M. Over 4 years (FY 2021 to FY 2025), Outpatient Medical — Net Operating Income shows an upward trend with a 5.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher NOI indicates strong property-level performance and effective cost control, which is critical for valuation in real estate.
Detailed definition
A key performance indicator calculated as total segment revenues minus property operating expenses. It measures the prof...
Peer comparison
The primary metric for evaluating real estate asset performance, universally referred to as 'NOI'.
well_segment_outpatient_medical_net_operating_incomeHistorical 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 | $113.58M | $111.43M | $113.98M | $113.41M | $115.67M | $119.26M | $124.42M | $126.47M | $127.50M | $129.75M | $135.48M | $136.70M | $136.90M | $143.07M | $139.81M | $146.41M | $148.98M | $151.85M | $101.46M |
| QoQ Change | — | -1.9% | +2.3% | -0.5% | +2.0% | +3.1% | +4.3% | +1.6% | +0.8% | +1.8% | +4.4% | +0.9% | +0.1% | +4.5% | -2.3% | +4.7% | +1.8% | +1.9% | -33.2% |
| YoY Change | — | — | — | — | +1.8% | +7.0% | +9.2% | +11.5% | +10.2% | +8.8% | +8.9% | +8.1% | +7.4% | +10.3% | +3.2% | +7.1% | +8.8% | +6.1% | -27.4% |
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Frequently Asked Questions
- What is Welltower's outpatient medical — net operating income?
- Welltower (WELL) reported outpatient medical — net operating income of $101.46M in Q4 2025.
- How has Welltower's outpatient medical — net operating income changed year-over-year?
- Welltower's outpatient medical — net operating income decreased by 27.4% year-over-year, from $139.81M to $101.46M.
- What is the long-term trend for Welltower's outpatient medical — net operating income?
- Over 4 years (2021 to 2025), Welltower's outpatient medical — net operating income has grown at a 5.2% compound annual growth rate (CAGR), from $448.35M to $548.70M.
- What does outpatient medical — net operating income mean?
- The profit generated by properties after subtracting operating expenses from total revenue.