Business Segments · Rental income
Outpatient Medical — Rental income
Welltower Outpatient Medical — Rental income decreased by 50.9% to $70.04M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 66.5%, from $208.88M to $70.04M. 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 reportedQ1 2026Apr 29, 2026
Rolls up toTotal Revenue
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
20 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $70.04M |
| 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% | -50.9% |
| 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% | -66.5% |
Range$70.04M – $213.12M
CAGR-14.8%
Avg YoY Growth+1.6%
Median YoY Growth+7.6%
Current Streak2 quarters decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Welltower's outpatient medical — rental income?
- Welltower (WELL) reported outpatient medical — rental income of $70.04M in Q1 2026.
- How has Welltower's outpatient medical — rental income changed year-over-year?
- Welltower's outpatient medical — rental income decreased by 66.5% year-over-year, from $208.88M to $70.04M.
- 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.