Business Segments · Rental income
Outpatient Medical — Rental income
Welltower Outpatient Medical — Rental income decreased by 33.0% to $142.77M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 28.4%, from $199.46M to $142.77M. Over 4 years (FY 2021 to FY 2025), Outpatient Medical — Rental income shows an upward trend with a 6.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2018
Last reportedQ4 2025
How to read this metric
Growth indicates strong demand for medical office space, high occupancy rates, or successful rent escalations.
Detailed definition
The gross revenue earned from leasing space to healthcare providers and medical tenants within the outpatient medical po...
Peer comparison
Standard metric for all REITs, typically labeled as 'Rental Revenue' or 'Base Rent'.
Metric ID:
well_segment_outpatient_medical_rental_incomeHistorical Data
19 periods
| 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 | $150.00M | $157.34M | $155.53M | $160.39M | $164.23M | $170.54M | $174.30M | $181.64M | $184.52M | $189.60M | $185.56M | $195.91M | $194.66M | $202.96M | $199.46M | $208.88M | $209.65M | $213.12M | $142.77M |
| QoQ Change | — | +4.9% | -1.2% | +3.1% | +2.4% | +3.8% | +2.2% | +4.2% | +1.6% | +2.7% | -2.1% | +5.6% | -0.6% | +4.3% | -1.7% | +4.7% | +0.4% | +1.7% | -33.0% |
| YoY Change | — | — | — | — | +9.5% | +8.4% | +12.1% | +13.2% | +12.4% | +11.2% | +6.5% | +7.9% | +5.5% | +7.0% | +7.5% | +6.6% | +7.7% | +5.0% | -28.4% |
Range$142.77M – $213.12M
CAGR-1.1%
Avg YoY Growth+6.1%
Median YoY Growth+7.7%
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Frequently Asked Questions
- What is Welltower's outpatient medical — rental income?
- Welltower (WELL) reported outpatient medical — rental income of $142.77M in Q4 2025.
- How has Welltower's outpatient medical — rental income changed year-over-year?
- Welltower's outpatient medical — rental income decreased by 28.4% year-over-year, from $199.46M to $142.77M.
- What is the long-term trend for Welltower's outpatient medical — rental income?
- Over 4 years (2021 to 2025), Welltower's outpatient medical — rental income has grown at a 6.0% compound annual growth rate (CAGR), from $613.25M to $774.42M.
- What does outpatient medical — rental income mean?
- Total rent collected from tenants occupying outpatient medical properties.