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Welltower WELL Seniors Housing Operating — Capital improvements to existing properties

Other segment segments

Outpatient Medical
$12.15M-21.4%
Triple-net
$11.18M+98.3%

Similar metrics at other companies

Equity Lifestyle Properties logo
ELSProperty Operations — Capital improvements
$40.65M-6.6%
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ELSHome Sales and Rentals Operations — Capital improvements
$4.64M+178%
Healthpeak Properties logo
DOCSenior housing — Cash paid
$312M
LTC Properties logo
LTCSeniors Housing Operating Portfolio — Investment Commitments
$9.55M
The Pennant Group, Inc. logo
PNTGSenior Living Services — Additions
$0
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LTCSeniors Housing Operating Portfolio — Investment Commitments Amount Funded During Period
$2.01M

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:PaymentsForCapitalImprovements.

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 seniors housing operating — capital improvements to existing properties?
Welltower (WELL) reported seniors housing operating — capital improvements to existing properties of $246.5M in Q1 2026.
How has Welltower's seniors housing operating — capital improvements to existing properties changed year-over-year?
Welltower's seniors housing operating — capital improvements to existing properties increased by 12.4% year-over-year, from $219.24M to $246.5M.
What is the long-term trend for Welltower's seniors housing operating — capital improvements to existing properties?
Over 3 years (2022 to 2025), Welltower's seniors housing operating — capital improvements to existing properties has grown at a 38.6% compound annual growth rate (CAGR), from $352.1M to $936.47M.
What does seniors housing operating — capital improvements to existing properties mean?
Represents the cash expenditures directed toward maintaining, renovating, or upgrading existing senior housing assets to preserve their competitive market position. These investments are essential for extending the useful life of properties and ensuring compliance with evolving healthcare facility standards. High levels of investment often indicate a proactive strategy to maintain occupancy rates and rental pricing power.