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Welltower WELL Seniors Housing Operating — Net Operating Income

Other segment segments

Triple-net
$192.55M-27.4%
Outpatient Medical
$41.52M-72.1%

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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 well:NetOperatingIncome.

The official record: Welltower’s 8-K, filed July 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Welltower's seniors housing operating — net operating income?
Welltower (WELL) reported seniors housing operating — net operating income of $872.89M in Q2 2026.
How has Welltower's seniors housing operating — net operating income changed year-over-year?
Welltower's seniors housing operating — net operating income increased by 62.4% year-over-year, from $537.46M to $872.89M.
What is the long-term trend for Welltower's seniors housing operating — net operating income?
Over 4 years (2021 to 2025), Welltower's seniors housing operating — net operating income has grown at a 35.3% compound annual growth rate (CAGR), from $683.91M to $2.29B.
What does seniors housing operating — net operating income mean?
A key performance indicator calculated as total property revenue minus property operating expenses. It measures the profitability of the properties before accounting for corporate overhead, interest, and taxes.