Welltower Triple-net — Net Operating Income increased by 2.7% to $384.31M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 56.1%, from $246.21M to $384.31M. Over 4 years (FY 2021 to FY 2025), Triple-net — Net Operating Income shows an upward trend with a 8.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates improved rental performance or better expense control, while a decrease suggests declining occupancy or rising costs.
Calculated as total segment revenues minus property operating expenses, this metric measures the core profitability of t...
A primary performance metric for all REITs; highly comparable across the industry.
well_segment_triple_net_net_operating_income| 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 | $226.31M | $228.32M | $230.85M | $223.95M | $222.87M | $217.32M | $82.08M | $226.34M | $291.53M | $226.28M | $100.76M | $212.13M | $131.59M | $219.30M | $185.03M | $246.21M | $265.10M | $278.41M | $374.09M | $384.31M |
| QoQ Change | — | +0.9% | +1.1% | -3.0% | -0.5% | -2.5% | -62.2% | +175.7% | +28.8% | -22.4% | -55.5% | +110.5% | -38.0% | +66.7% | -15.6% | +33.1% | +7.7% | +5.0% | +34.4% | +2.7% |
| YoY Change | — | — | — | — | -1.5% | -4.8% | -64.4% | +1.1% | +30.8% | +4.1% | +22.8% | -6.3% | -54.9% | -3.1% | +83.6% | +16.1% | +101.5% | +27.0% | +102.2% | +56.1% |