Business Segments · Property operating expenses

Outpatient Medical — Property operating expenses

Welltower Outpatient Medical — Property operating expenses decreased by 58.0% to $17.83M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 72.4%, from $64.61M to $17.83M. Over 4 years (FY 2021 to FY 2025), Outpatient Medical — Property operating expenses shows an upward trend with a 5.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026Apr 29, 2026

How to read this metric

An increase relative to revenue may signal declining operational efficiency or rising inflationary pressures on property management costs.

Detailed definition

The total costs incurred to operate and maintain outpatient medical properties, including utilities, maintenance, taxes,...

Peer comparison

Standard industry metric known as 'Property Operating Expenses' or 'Property-Level Expenses'.

Metric ID: well_segment_outpatient_medical_property_operating_expenses

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$45.50M$48.07M$46.51M$49.92M$50.65M$52.92M$52.51M$58.37M$58.70M$62.20M$52.69M$62.46M$61.19M$62.78M$59.21M$64.61M$62.83M$63.32M$42.47M$17.83M
QoQ Change+5.7%-3.3%+7.3%+1.5%+4.5%-0.8%+11.1%+0.6%+6.0%-15.3%+18.5%-2.0%+2.6%-5.7%+9.1%-2.7%+0.8%-32.9%-58.0%
YoY Change+11.3%+10.1%+12.9%+16.9%+15.9%+17.5%+0.3%+7.0%+4.2%+0.9%+12.4%+3.4%+2.7%+0.9%-28.3%-72.4%
Range$17.83M$64.61M
CAGR-17.9%
Avg YoY Growth+1.0%
Median YoY Growth+5.6%
Current Streak2 quarters decline

Frequently Asked Questions

What is Welltower's outpatient medical — property operating expenses?
Welltower (WELL) reported outpatient medical — property operating expenses of $17.83M in Q1 2026.
How has Welltower's outpatient medical — property operating expenses changed year-over-year?
Welltower's outpatient medical — property operating expenses decreased by 72.4% year-over-year, from $64.61M to $17.83M.
What is the long-term trend for Welltower's outpatient medical — property operating expenses?
Over 4 years (2021 to 2025), Welltower's outpatient medical — property operating expenses has grown at a 5.7% compound annual growth rate (CAGR), from $186.94M to $233.23M.
What does outpatient medical — property operating expenses mean?
The total cost of running and maintaining outpatient medical properties.