Business Segments · Net Operating Income
Seniors Housing Operating — Net Operating Income
Welltower Seniors Housing Operating — Net Operating Income increased by 11.0% to $775.01M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 60.4%, from $483.19M to $775.01M. Over 4 years (FY 2021 to FY 2025), Seniors 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 reportedQ1 2026Apr 29, 2026
Rolls up toNet Operating Income
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
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 | $160.19M | $172.91M | $180.38M | $206.68M | $281.91M | $230.69M | $226.22M | $252.90M | $279.25M | $284.91M | $290.98M | $342.39M | $360.47M | $378.14M | $430.69M | $483.19M | $537.46M | $570.90M | $697.93M | $775.01M |
| QoQ Change | — | +7.9% | +4.3% | +14.6% | +36.4% | -18.2% | -1.9% | +11.8% | +10.4% | +2.0% | +2.1% | +17.7% | +5.3% | +4.9% | +13.9% | +12.2% | +11.2% | +6.2% | +22.3% | +11.0% |
| YoY Change | — | — | — | — | +76.0% | +33.4% | +25.4% | +22.4% | -0.9% | +23.5% | +28.6% | +35.4% | +29.1% | +32.7% | +48.0% | +41.1% | +49.1% | +51.0% | +62.1% | +60.4% |
Range$160.19M – $775.01M
CAGR+39.4%
Avg YoY Growth+38.6%
Median YoY Growth+34.4%
Current Streak13 quarters growth
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Frequently Asked Questions
- What is Welltower's seniors housing operating — net operating income?
- Welltower (WELL) reported seniors housing operating — net operating income of $775.01M in Q1 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 60.4% year-over-year, from $483.19M to $775.01M.
- 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?
- The profit generated by properties after paying for their direct operating costs.