Business Segments · Land and land improvements
Triple-net — Land and land improvements
Welltower Triple-net — Land and land improvements decreased by 97.2% to $20.88M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 76.3%, from $88.25M to $20.88M. Over 4 years (FY 2021 to FY 2025), Triple-net — Land and land improvements shows an upward trend with a 53.5% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ1 2018
Last reportedQ1 2026Apr 29, 2026
Rolls up toLand
How to read this metric
An increase suggests capital deployment into land acquisition or site development within the triple-net segment.
Detailed definition
Represents the book value of land and associated site improvements specifically allocated to the triple-net lease proper...
Peer comparison
Standard real estate asset reporting found in most REITs under property, plant, and equipment disclosures.
Metric ID:
well_segment_triple_net_land_and_land_improvementsHistorical 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 | $30.85M | $48.10M | $88.84M | $0.00 | $0.00 | $0.00 | $7.54M | $7.37M | $7.37M | $58.80M | $127.52M | $710.00K | $14.19M | $63.08M | $84.78M | $88.25M | $94.17M | $148.09M | $733.75M | $20.88M |
| QoQ Change | — | +55.9% | +84.7% | -100.0% | — | — | — | -2.2% | +0.0% | +697.8% | +116.9% | -99.4% | >999% | +344.4% | +34.4% | +4.1% | +6.7% | +57.3% | +395.5% | -97.2% |
| YoY Change | — | — | — | — | -100.0% | -100.0% | -91.5% | — | — | — | >999% | -90.4% | +92.6% | +7.3% | -33.5% | >999% | +563.5% | +134.8% | +765.5% | -76.3% |
Range$0.00 – $733.75M
CAGR-7.9%
Avg YoY Growth>999%
Median YoY Growth+7.3%
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Frequently Asked Questions
- What is Welltower's triple-net — land and land improvements?
- Welltower (WELL) reported triple-net — land and land improvements of $20.88M in Q1 2026.
- How has Welltower's triple-net — land and land improvements changed year-over-year?
- Welltower's triple-net — land and land improvements decreased by 76.3% year-over-year, from $88.25M to $20.88M.
- What is the long-term trend for Welltower's triple-net — land and land improvements?
- Over 4 years (2021 to 2025), Welltower's triple-net — land and land improvements has grown at a 53.5% compound annual growth rate (CAGR), from $191.94M to $1.06B.
- What does triple-net — land and land improvements mean?
- The total value of land and site improvements owned within the triple-net lease portfolio.