Discontinued — last reported Q3 '24
Triple Net — Asset Impairment Charges
Welltower Triple Net — Asset Impairment Charges increased by 311.4% to $2.53M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 49.2%, from $4.99M to $2.53M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in impairment charges suggests deteriorating asset performance or unfavorable market conditions within the Triple Net portfolio, while a decrease indicates portfolio stability or recovery.
Detailed definition
This metric represents the non-cash charges recognized when the carrying value of assets within the Triple Net lease por...
Peer comparison
Peers in the healthcare REIT sector typically report similar impairment charges when property valuations are impacted by rising interest rates or tenant operational distress.
well_segment_triple_net_asset_impairment_chargesHistorical Data
| Q2 '21 | Q3 '21 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $3.77M | $1.49M | $3.60M | $0.00 | $1.09M | $4.99M | $0.00 | $616.00K | $2.53M |
| QoQ Change | — | -60.5% | +141.3% | -100.0% | — | +359.3% | -100.0% | — | +311.4% |
| YoY Change | — | — | +141.3% | — | — | +38.7% | — | -43.3% | -49.2% |
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Frequently Asked Questions
- What is Welltower's triple net — asset impairment charges?
- Welltower (WELL) reported triple net — asset impairment charges of $2.53M in Q3 2024.
- How has Welltower's triple net — asset impairment charges changed year-over-year?
- Welltower's triple net — asset impairment charges decreased by 49.2% year-over-year, from $4.99M to $2.53M.
- What does triple net — asset impairment charges mean?
- The total value of write-downs taken on Triple Net lease properties because their market value has fallen below their recorded book value.