Business Segments · Net Operating Income
Senior Housing Operating — Net Operating Income
Welltower Senior Housing Operating — Net Operating Income increased by 22.3% to $697.93M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 77.5%, from $393.26M to $697.93M. Over 4 years (FY 2021 to FY 2025), Senior Housing Operating — Net Operating Income shows an upward trend with a 35.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ4 2025
How to read this metric
Higher NOI indicates strong property-level performance and effective cost management.
Detailed definition
A key performance indicator calculated as total property revenue minus property operating expenses. It measures the prof...
Peer comparison
Standard 'NOI' metric used universally in the real estate industry.
Metric ID:
well_segment_seniors_housing_operating_net_operating_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 | $160.19M | $172.91M | $180.38M | $206.68M | $281.91M | $230.69M | $234.09M | $252.90M | $279.25M | $284.91M | $301.08M | $347.41M | $376.54M | $394.46M | $393.26M | $483.19M | $537.46M | $570.90M | $697.93M |
| QoQ Change | — | +7.9% | +4.3% | +14.6% | +36.4% | -18.2% | +1.5% | +8.0% | +10.4% | +2.0% | +5.7% | +15.4% | +8.4% | +4.8% | -0.3% | +22.9% | +11.2% | +6.2% | +22.3% |
| YoY Change | — | — | — | — | +76.0% | +33.4% | +29.8% | +22.4% | -0.9% | +23.5% | +28.6% | +37.4% | +34.8% | +38.5% | +30.6% | +39.1% | +42.7% | +44.7% | +77.5% |
Range$160.19M – $697.93M
CAGR+38.7%
Avg YoY Growth+37.2%
Median YoY Growth+34.8%
Current Streak4 quarters growth
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Frequently Asked Questions
- What is Welltower's senior housing operating — net operating income?
- Welltower (WELL) reported senior housing operating — net operating income of $697.93M in Q4 2025.
- How has Welltower's senior housing operating — net operating income changed year-over-year?
- Welltower's senior housing operating — net operating income increased by 77.5% year-over-year, from $393.26M to $697.93M.
- What is the long-term trend for Welltower's senior housing operating — net operating income?
- Over 4 years (2021 to 2025), Welltower's senior housing operating — net operating income has grown at a 35.3% compound annual growth rate (CAGR), from $683.91M to $2.29B.
- What does senior housing operating — net operating income mean?
- The profit generated by properties after paying for their direct operating costs.