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Welltower WELL Outpatient Medical — Property operating expenses

Other segment segments

Seniors Housing Operating
$2.02B+45.5%
Triple-net
$7.81M-11.5%

Similar metrics at other companies

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AHROutpatient Medical — Utilities Food Repairs And Maintenance And Other Operating Expenses
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DOCOutpatient medical — Compensation and property management
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AHROutpatient Medical — Operating Lease Expense
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DOCOutpatient medical — Repairs and maintenance
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HRMedial Outpatient Properties Segment — Utilities Operating Expense
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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:CostOfGoodsAndServicesSold.

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 — 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 costs incurred to operate and maintain outpatient medical properties, including utilities, maintenance, taxes, and on-site management. These are the direct costs required to keep the facilities functional and revenue-generating.